Business
EV Nickel Defines Resource Estimate at CarLang's A Zone, 1.25m Indicated and 1.16m Inferred Tonnes of Contained Nickel- A Zone Represents First 20% of the Full CarLang
NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA OR TO US WIRE SERVICES Defined a resou...
About this update from Ev Nickel Inc.
[{"type":"text","content":"EV Nickel Defines Resource Estimate at CarLang's A Zone, 1.25m Indicated and 1.16m Inferred Tonnes of Contained Nickel- A Zone Represents First 20% of the Full CarLangNOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA OR TO US WIRE SERVICESDefined a resource which puts it into the league of the largest undeveloped nickel deposits in the world1A Zone Resources total 1.0B tonnes, averaging 0.24% Ni and 0.0107 ppm Co (0.12% NiEq cut-off), split between:Higher Grade Core with 290M tonnes at 0.27% Ni Indicated and 203M tonnes at 0.27% Ni Inferred.Lower Grade with 219M tonnes at 0.22% Ni Indicated and 294M tonnes at 0.21% Ni Inferred.The contained nickel defined in the CarLang A Zone is roughly equivalent to the nickel in ~34M Electric Vehicles.CarLang A Zone represents just 20% of the full 10 km-long CarLang Area Trend.Analysis continues to review the Integrated Carbon Capture and Storage potential for CarLang.EV Nickel management will host a live digital event this Friday, March 3rd at 11 am ET, to discuss the Maiden Resource Estimate for the CarLang A Zone. The event will be accessible through https://my.6ix.com/uo6AqxjDTORONTO, ON / ACCESSWIRE / February 28, 2023 / EV NICKEL INC. (TSXV:EVNI) (\"EVNi\" or the \"Company\") today announced a maiden mineral resource estimate for the \"A Zone\", part of its large-scale nickel target in the northeast of its Shaw Dome Project, referred to as the Carman-Langmuir or, \"CarLang Area\" (the \"Property\") (Figure 1). A Technical Report in support of the Mineral Resource Estimate will be filed on SEDAR (www.sedar.com) within 45 days. The Mineral Resource Estimate is effective as of February 27, 2023. After acquiring the Property in April 2022 (see News Release dated April 4, 2022), EVNi launched a diamond drilling program (28 holes totalling 8,295 m) to complete a maiden mineral resource estimate in accordance with National Instrument 43-101 (\"NI 43-101\") which shows Indicated Resources of 1.25M tonnes or 2.8B pounds of contained nickel and Inferred Resources of 1.16M tonnes or 2.6B pounds of contained nickel (Table 1).\"Defining this enormous Maiden Mineral Resource for our Large Scale A Zone is a major milestone for EV Nickel,\" said Sean Samson, President & CEO. \"The A Zone is just the beginning of the CarLang Area because we know the host units have been identified over approxima...