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

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• 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).

Foto: Accesswire

"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."

Foto: Accesswire

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.