Business
EV Nickel Negotiates Lease and ROFR to Purchase the Patents Hosting the Permitted Carshaw Mill
NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA OR TO US WIRE SERVICES Negotiate...
About this update from Ev Nickel Inc.
[{"type":"text","content":"EV Nickel Negotiates Lease and ROFR to Purchase the Patents Hosting the Permitted Carshaw MillNOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA OR TO US WIRE SERVICESNegotiated access to the Carshaw Mill site, adjacent to the Company's Carman-Langmuir exploration targetEV Nickel may potentially use the site as a Regional Exploration and Technical hubSecured Right of First Refusal to purchase the land, including the Permitted Carshaw Mill FacilityTORONTO, ON / ACCESSWIRE / June 13, 2022 / EV Nickel Inc. (TSX-V:EVNI) (\"EVNi\" or the \"Company\") is pleased to announce it has agreed terms for a Lease and Right of First Refusal Agreement, pending further due diligence, with a privately held mineral exploration company that is arms length from EVNi (the \"Vendor\"), for surface rights overlaying seven mining patents (the \"Lease Properties\"), east of Langmuir Road and serviced by a power line, in Shaw Township, southeast of Timmins, Ontario. The surface rights are beneficially owned or under option with the Vendor.EVNi believes that the Lease Properties may provide an excellent future base for its regional exploration and the Company has also secured a right of first refusal (\"ROFR\") for acquisition of the Lease Properties from the Vendor. This ROFR positions EVNi to also acquire the Carshaw Mill, a permitted processing facility, located on the Lease Properties. The Lease Properties are located adjacent to the Large-Scale Carman-Langmuir Target, which EVNi plans to drill this summer.\"Part of our current focus is to secure more land in the Shaw Dome and we've had our eye on Carshaw for awhile\" states Sean Samson, President, CEO of EV Nickel. \"With a large focus of future drilling to be up on the Northeast, moving our team closer to the activity, and closer to town, is a bonus. Also, there are only two permitted processing mills in the district, this gives us a ROFR for the surface rights under one of them.\"EVNi is now working with the Vendor on the Final Lease Agreement and plans to have this finalized in the coming weeks.Exploration PhasesThe Company's Phase 2 Drilling is almost complete, with the final holes now underway, testing the down plunge potential of the High-Grade Langmuir W4 Zone. This work is targeting the extension of the currently defined mineralized envelope with an objective of identifying additional down ...