EV Nickel - Final Assays for CarLang A Zone- Reports 297.5 metres of 0.28% Ni. The A Zone Represents 20% of the Prosepective Trend

• Reports assay results from final 5 holes from 2022 drilling on the CarLang A Zone, intersections include:
  • hole EV22-38 with 255.1m grading 0.23% Ni,
  • hole EV22-47 with 297.5m grading 0.28% Ni, and
  • hole EV22-48 with 234.0m grading 0.27% Ni.
• Preliminary Resource Estimate is on schedule for completion in Q1
• CarLang A Zone represents just 20% of the full 10km long CarLang Area Trend
• Analysis has also been launched to review the Integrated Carbon Capture and Storage potential for CarLang

TORONTO, ON / ACCESSWIRE / February 6, 2023 / EV NICKEL INC. (TSX-V: EVNI) ("EVNi" or the "Company") is excited to announce the assay results, from the final 5 drill holes of the Phase 3 Drilling program (see tables 1 and 2), completed over the Large-Scale nickel target in the northeast of its Shaw Dome Project, referred to as the Carman-Langmuir or, "CarLang Area" (see figure 1). Assay analyses of all 28 holes (for prior results, see news releases dated October 24, November 28, December 7, 2022 and January 12, 2023) confirm that every hole intersected the targeted dunite unit containing significant mineralized nickel intercepts.

Foto: Accesswire

"Now with all assays in hand, I am excited to soon see the results of the preliminary resource estimate for the A Zone," said Sean Samson, President & CEO. " The A Zone is just the beginning of the CarLang Area where we know the host units have been identified over approximately 5x the strike length of the initial A Zone. Defining this large-scale nickel mineralization within the A Zone and then considering the full potential of CarLang Trend will be a huge milestone for the Company."

Foto: Accesswire

The CarLang Area is comprised of a thick sequence of serpentinized dunite/peridotite hosting thick intersections of large-scale, broad zones of nickel mineralization. Gaps observed in the mineralized sequence represent intersections of late, cross cutting diabase or intermediate dykes in an otherwise continuous sequence of dunite/peridotite.

CarLang A Zone

Caracle Creek International Consulting ("CCIC") is completing the Preliminary Resource Estimate for the CarLang A Zone and results are on schedule for delivery in the first quarter of 2023.

Foto: Accesswire

Foto: Accesswire

Foto: Accesswire

The resource estimate is being completed by CCIC on the 1,400 metres of strike length tested by EVNi in the 2022 Phase 3 drilling program and will define the footwall and hangingwall contacts of the 350- to 550-metre-wide unit. The dunite/peridotite body was identified in every hole of the Phase 3 program and 16 of the 28 holes bottomed in the dunite/peridotite unit, indicating that the zone extends at depth below the 250 vertical metres tested in this drilling.