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EV Nickel Phase 3 Drilling Results: Continued Success Outlining Large-Scale CarLang Nickel Zone

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA OR TO US WIRE SERVICESReports assay results from 4 additional holes, Intersections included:hole EV22-22 with 141.50m grading 0.26% Ni, andhole EV22-24 with 223.90m grading 0.25% Ni.The CarLang …

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA OR TO US WIRE SERVICES

  • Reports assay results from 4 additional holes, Intersections included:
    • hole EV22-22 with 141.50m grading 0.26% Ni, and
    • hole EV22-24 with 223.90m grading 0.25% Ni.
  • The CarLang Area is a >10km prospective trend of dunitic units.
  • 1.4km of the prospective strike was drilled this summer, with 28 holes totalling 8,295m.
  • Analytical results are pending for the remaining 20 holes and will be utilized in a CarLang A Zone Preliminary Resource, planned for Q1 2023.

TORONTO, ON / ACCESSWIRE / November 28, 2022 / EV NICKEL INC. (TSX-V:EVNI) ("EVNi" or the "Company") is excited to announce the additional assay results, from 4 more holes of the Phase 3 Drilling program targeting the Large-Scale nickel target in the northeast of its Shaw Dome Project, referred to as the Carman-Langmuir or, "CarLang Area". These assays continue to confirm the new "CarLang A Zone" as a potential Large-Scale nickel prospect (for prior results, see news release dated October 24, 2022).

EV Nickel Inc., Monday, November 28, 2022, Press release picture

"The new Large-Scale CarLang A Zone continues to return the anticipated results, confirming the enormous potential of the area. The Company has only focused on the first ~15% of strike of the dunitic body to verify the interpreted zone." said Sean Samson, President & CEO "Expanding the expression of the zone would be as easy as continuing to drill along the trends of the dunites that extend for an additional 8 km within the CarLang Area- where surface sampling has indicated the presence of similar dunites. 2023 will be very exciting for EV Nickel, with the remaining Phase 3 assay results and then the CarLang A Zone preliminary resource and W4 Zone updated resource both planned for the first half of the year."

EV Nickel Inc., Monday, November 28, 2022, Press release picture

Based upon airborne geophysical surveys and known surface exposures of dunitic outcrops, the CarLang Area is interpreted to host >10km of prospective strike length of prospective dunite (see Figure 2), and the completed Phase 3 drilling identified the CarLang A Zone, covering 1.4km of the interpreted strike length, or ~15% of the total potential. The dunitic body forming the CarLang A Zone has interpreted widths that range from approximately 400 metres to greater than 500 metres based upon the Phase 3 diamond drill program, airborne geophysical surveys and surface outcrop exposures.

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EV Nickel Phase 3 Drilling Results: Continued Success Outlining Large-Scale CarLang Nickel Zone NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA OR TO US WIRE SERVICESReports assay results from 4 additional holes, Intersections included:hole EV22-22 with 141.50m grading 0.26% Ni, andhole EV22-24 with 223.90m grading 0.25% Ni.The CarLang …

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