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EV Nickel Reports New Gold Discovery At Gemini North Nickel Zone
Gold intersections of up to 0.57 gpt Au over 9.0m and 2.03 gpt Au over 1.5m from the Gemini North...
About this update from Ev Nickel Inc.
EV Nickel Reports New Gold Discovery At Gemini North Nickel ZoneGold intersections of up to 0.57 gpt Au over 9.0m and 2.03 gpt Au over 1.5m from the Gemini North Area10 of 27 diamond drill holes intersected anomalous gold above 0.10 gpt AuGold mineralization appears to be associated with strong silicification and quartz veining TORONTO, ON / ACCESS Newswire / March 26, 2026 / EV NICKEL INC. (TSX-V:EVNI) ("EVNi" or the "Company") is pleased to announce the discovery of anomalous gold mineralization associated with the Gemini North Nickel Zone at its Shaw Dome Project, Timmins, Ontario. Results from the Company's 2025 diamond drilling program have identified gold mineralization above background level concentrations of greater than 0.02 grams per tonne ("gpt") Au over a minimum drill intersection of 1.5 metres in 21 of 28 drill holes completed to date (see press releases dated March 19, 2025 and January 20, 2026).Higher-grade gold mineralization was intersected in 10 drill holes, grading greater than 0.10 gpt Au over a minimum of 1.5 metres, including highlights of 0.57 gpt Au over 9.0 metres in hole EV25-GN20 and 2.03 gpt Au over 1.5 metres in hole EV25-GN21 (see Figure 2).Anomalous gold mineralization has now been identified throughout the CarLang C Area, indicating the presence of a broad mineralized envelope. Higher-grade zones (>0.10 gpt Au over 1.5 metres) are associated with increased silica flooding and the presence of quartz veins and veinlets observed in diamond drill core. Additional analysis and interpretation will be required to determine whether a preferred vein orientation exists that could host higher concentrations of gold-bearing quartz veins and/or associated alteration zones.Diamond drill holes completed prior to January 2025 were not systematically analyzed for gold, and as a result, no comparable gold data are currently available for these earlier holes including EV24-CAR07 and EV24-CAR06."The association of gold mineralization with altered ultramafic rocks is well documented in the Timmins Camp," said Paul Davis, Vice President of Exploration. "The presence of these higher-grade gold intersections, including values exceeding one gram per tonne, identified in our 2025 diamond drill program represents the first time the Company has observed this level of gold enrichment on its the Shaw Dome Project. This newly identified gold zone rep...