Fri, Mar 3, 2023 at 11:00 AM
Eastern Time (US & Canada)
EV Nickel (TSX.V: EVNI) (EVNi or the Company) has announced a maiden mineral resource estimate (MRE) for the CarLang A Zone, part of its large-scale nickel target in the northeast of its Shaw Dome Project (Shaw Dome), referred to as the Carman-Langmuir or CarLang Area (the Property). A technical report in support of the MRE will be filed on SEDAR. The MRE 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 metres) to complete a maiden MRE per the National Instrument 43-101 (NI 43-101), which shows Indicated Resources of 1.25M tonnes (2.8B lbs) of contained nickel and Inferred Resources of 1.16M tonnes (2.6B lbs) of contained nickel.
The Company's mission is to accelerate the transition to clean energy. It is a Canadian nickel exploration company focused on Shaw Dome, south of Timmins, Ontario. Shaw Dome includes the W4 Zone, the basis of a 2010 historical estimate of 677K tonnes @ 1.00% Ni, ~15M lbs of Class 1 nickel. EVNi plans to grow and advance a nickel business, targeting the growing demand for Class 1 nickel, from the electric vehicle battery sector. The Company has over 30,000 hectares to explore across Shaw Dome and has identified more than 100 kilometres of additional favourable strike length. It is focused on a two-track strategy with high-grade (starting with the W4 Zone) and large-scale targets (starting with the Property).
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Sean SamsonPresident & CEO of EV NickelSean Samson is a mining executive with more than 20 years of management and financial experience. He was most recently VP & Head of Corporate Development at FNI Mining for four years, including a period of six month as interim COO, responsible for safety, mine development and operations at a 250-person underground mine near Sudbury, Ontario. In 2012, he won the Canadian Young Mining Leader award from the CIM. Prior to FNI, he was VP Commercial Development at Kinross Gold Corporation for five years where he had diverse, multi-functional responsibilities including: supply chain, energy, merger integration, enterprise risk and capital approvals, leading a team of more than 300 people across eight countries. Before Kinross he was a management consultant at Bain & Company and traded for investment banks in New York and Europe. Sean received his A.B. from Harvard University, and MBA from Cambridge and has completed his Surface Miner Common Core in Ontario. He is a past elected PDAC board member and a Cleantech advisor at MaRS, a Toronto-based Innovation Centre.
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Paul DavisVP Exploration of EV NickelMr. Davis has over 30 years of executive, exploration and mine management experience for large multinational and junior companies. Most recently, Mr. Davis was VP Exploration at FNI Mining and over his career he has headed mining and exploration teams in the discovery, development and mining of projects in Canada, Finland, Australia and Peru. His responsibilities include scoping and feasibility studies; project and mine permitting, environmental compliance and reporting, off-take and acquisition agreement negotiation, implementation and monitoring, corporate development, asset evaluation, due diligence analysis and economic models. Mr. Davis also has direct experience in other corporate functions including budgeting, financing, investor relations and regulatory reporting and compliance. Mr. Davis graduated from the University of Western Ontario (BSc- Honours Geology) and the University of Alabama (MSc- Economic Geology).