CSE:EVM - Post Discussion
Post by
MarketMakerss on Feb 29, 2024 5:34pm
"Once-in-a-generation opportunity" for the mining sector
The surge in global demand for electric vehicles has created a "once-in-a-generation opportunity" for the mining sector, driving interest and investment to the sector.
In Canada specifically, the government has committed up to billions of dollars to establish Canada's first critical minerals strategy which aims to create a domestic supply chain.
Amid this dynamic market, EV Minerals (EVM.c) is targeting nickel, an indispensable metal fuelling the EV market revolution, and is focused on creating a domestic source for nickel supply in Canada.
Comprised of 32 mineral claims covering ~1,792 hectares in the Saguenay Mining District in Quebec, EVM's EV Nickel Project is host of the nickel-copper-cobalt McNickel deposit which contains a historical resource of 5.585 million tonnes with grades of 0.21% Ni, 0.11% Cu and 0.03% Co (NI 43-101 non-compliant resource).
The initial results of its Phase 1 desktop compilation at the Project saw seven sections over a strike length of over 300m containing results of over 1% Ni or 1% Cu
The historic assays indicate wide zones at near-surface depths through the Main Zone and towards the Northern Zone with the best Main Zone grades mostly found within the massive to semi-massive sulphide zones, containing pyrrhotite, pyrite, and chalcopyrite.
Last Friday, EVM entered into a definitive agreement for its previously announced acquisition of Nickel Projects in Sudbury, Ontario!
EVM will acquire 100% of the Baldwin and Lunge Projects from Graycliff Exploration, which cover a total of 2,192 hectares in the prolific Sudbury mining camp, an area with many past producers and current exploration projects.
In mobilizing a technical team to the projects, EVM will conduct an immediate sampling program as part of its due diligence for the LOI.
EV Minerals President and CEO, Nicholas Konkin, said:
"We continue to work through current and historical data as part of the 2023 exploration program at the EV Nickel Project in Quebec and are extremely confident in what we have unpacked so far. As we await assay results from the lab, we have focused our attentions on building a strong exploration portfolio in good nickel jurisdictions. We will soon be on the ground at the Sudbury Projects, which extends our critical minerals portfolio into the great mining jurisdiction of Ontario. Early assessment of both properties indicate that they have significant potential, including multiple strong underexplored geophysical anomalies, and we're excited to get into the field to evaluate the near-surface potential of the Sudbury Projects."
The projects showcase gold and critical minerals potential with historic airborne geophysics on both projects revealing multiple new target areas for gold, copper, nickel and platinum group elements with highly prospective anomalies present along major structures.
Posted on Behalf of EV Minerals Corp.
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