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EV Nickel Updates Resource Estimate on the High-Grade W4 Deposit- More Than Doubles 2010 Historical Estimate
NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA OR TO US WIRE SERVICES Measured + Ind...
About this update from Ev Nickel Inc.
[{"type":"text","content":"EV Nickel Updates Resource Estimate on the High-Grade W4 Deposit- More Than Doubles 2010 Historical EstimateNOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA OR TO US WIRE SERVICESMeasured + Indicated Resources of 31.3M pounds at 0.98% Ni (2.1x the 2010 historical estimate)Inferred Resources of 12.1M pounds at 0.98% Ni (3.6x the 2010 historical estimate)72% of the W4 Deposit Mineral Resource Estimate Ni lbs are in the Measured and Indicated categoriesSignificant resource expansion potential exists at the W4 Deposit as it is open at depth and along plungeEV Nickel management will host a live digital event on Thursday, June 15th at 11am ET, to discuss the W4 Deposit Mineral Resource Estimate; the event can be accessed through https://my.6ix.com/OW50d1mETORONTO, ON / ACCESSWIRE / June 12, 2023 / EV NICKEL INC. (TSX-V:EVNI) (\"EVNi\" or the \"Company\") today announced an updated mineral resource estimate (\"MRE\") for the \"W4 Deposit\", a High-Grade nickel deposit in the southeast of its Shaw Dome Project (Figure 1).EVNi completed diamond drilling on the W4 Deposit between 2021 and 2023, combing this new data with historical drilling completed on the W4 Zone by Golden Chalice Resources (see Technical Report filed on SEDAR dated April 12, 2021) to complete an updated MRE in accordance with National Instrument 43-101 (\"NI 43-101\"). The updated MRE reports Measured Resources of 0.49Mt or 11.5M pounds of contained nickel, Indicated Resources of 0.96Mt or 19.8M pounds of contained nickel, and Inferred Resources of 0.56Mt or 12.1M pounds of contained nickel (Table 1). This Updated MRE was modeled to ~500 m from surface while the 2010 historical resource estimate was to ~400 m from surface. The W4 Deposit remains open at depth and along plunge.\"This is a major step on our mission to accelerate the clean energy transition with our Clean Nickel™,\" said Sean Samson, President & CEO. \"Expanding the total Measured, Indicated, and Inferred resources to more than 43M pounds of nickel sets up our two-track strategy of defining near surface, High-Grade nickel resources and combining them with the Large-Scale projects in the Shaw Dome. We have the best of both worlds including an avenue to potentially be in production in the next 3 to 4 years from W4 and continue advancing the transformational, Large-Scale CarLang. From here, t...