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EV Nickel Drilling Update: Phase 2 Completed on the High-Grade W4 Extension and Phase 3 Initiated on the Large-Scale CarLang Target
NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA OR TO US WIRE SERVICES Phase 2 d...
About this update from Ev Nickel Inc.
[{"type":"text","content":"EV Nickel Drilling Update: Phase 2 Completed on the High-Grade W4 Extension and Phase 3 Initiated on the Large-Scale CarLang TargetNOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA OR TO US WIRE SERVICESPhase 2 drilling was completed on the High-Grade W4 Extension, with Assay results over the coming monthsPhase 3 drilling began last week on the Large-Scale CarLang Target, in the northeast of EVNi's propertyThe previously announced non-brokered Private Placement has been fully allocated to investors and is now expected to close on or before July 15th, 2022TORONTO, ON / ACCESSWIRE / June 27, 2022 / EV Nickel Inc. (TSX-V:EVNI) (\"EVNi\" or the \"Company\") is pleased to update on its exploration drilling related to its Shaw Dome Nickel Project, southeast of Timmins, Ontario.The Company's Phase 2 drilling is now complete. and tested the down plunge potential of the High-Grade Langmuir W4 Zone. This work is targeting the \"W4 Extension\" of the currently defined mineralized envelope with an objective of identifying additional high-grade nickel mineralization targeting the area between 200 and 500 metres from surface. Results will be published as they are received this summer.EV Nickel immediately shifted into Phase 3, starting with the Large-Scale CarLang Target in the northeast of the Company's land package. The drills have been mobilized and initiated diamond drilling and the exploration team has begun to see core from this target.Management conducted an interview related to the Exploration Drilling, outlining Phases 1 through 4 and the plans for a future Technical Report. That is now posted online and can be viewed by clicking here.Investors can jump straight to discussion of Phase 3 here, or Phase 4 here.\"As we shift to the Northeast of our land package, we are very interested to see what this Large-Scale target holds\" states Sean Samson, President, CEO of EV Nickel. \"Our strategy is to combine the High-Grade mineralization like we have at W4 and has been historically mined across the Shaw Dome with the enormous potential of the Large-Scale mineralization we now hope to prove out in Phase 3 and future phases, exploring these huge dunitic targets.\"Non-brokered Private Placement (previously announced)The Company is currently managing a non-brokered private placement (the \"Offering\") for gross proceeds of up to C$2,000,000...