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EV Minerals Corporation is a Canadian exploration company focused on mineral exploration and development. The Company focuses on the EV Nickel Project, the host of the nickel-copper-cobalt deposit. The Project comprises approximately 32 mineral claims covering approximately 1,792 hectares (ha) located in the Saguenay Mining district in the Province of Quebec. The Company's Poissons Blanc... see more

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EV Minerals Corp > EVM's Position in the Critical Minerals Market

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Post by MarketMakerss on Mar 07, 2024 5:22pm

EVM's Position in the Critical Minerals Market

With a variety of incentives including the $4B Critical Minerals Strategy and the $1.5B Critical Minerals Infrastructure Fund, the Government of Canada understands the importance of developing a strong critical mineral supply amid increasing demand for minerals such as nickel and lithium to make more EV batteries. (Source: https://www.cbc.ca/news/canada/sudbury/pdac-2024-mining-convention-northern-ontario-showcase-1.7133453)

Located amid this market, EV Minerals (EVM.c) is making a name for itself in the nickel market, having recently closed the acquisition of two nickel projects in Sudbury, Ontario, one of which returned high-grade results including 1.28% Nickel and 2.54% Copper during surface sampling in connection with the acquisition.

Sudbury Projects Acquisition

Under the definitive agreement with Graycliff Exploration, EVM will acquire 100% of the Baldwin and Lunge Projects which cover a total of 2,192 hectares in the prolific Sudbury mining camp, an area with many past producers and current exploration projects.

Aligning with EVM's focused on building a strong exploration portfolio in good nickel jurisdictions, 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.

Completed in connection with the proposed acquisition of the Baldwin and Lunge Projects, EVM collected a total of 35 samples with 5 returning assay values greater than 1% Nickel and 7 returning values greater than 1% Copper, including:

- 1.14% Ni, 1.28% Ni and1.23% Ni

- 1.54% Cu, 1.15% Cu, 2.54% Cu, 2.44% Cu and 2.04% Cu

EV Minerals President and CEO Nicholas Konkin said: "The presence of strongly elevated Nickel and Copper values at surface and across multiple sites on the Lunge Project, shows the exploration potential of the property. Additionally, we were intrigued by the discovery of gold mineralization. We will begin to plan our 2024 base line exploration program to compliment ongoing efforts at the EV Nickel property in Quebec."

EV Nickel Project

These projects come in addition to EVM's EV Nickel Project, host of the nickel-copper-cobalt McNickel deposit, and comprised of 32 mineral claims covering ~1,792 hectares in the Saguenay Mining District in Quebec.

The EV Nickel Project 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) with initial results showing 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.

Full News Release: https://www.evmineralscorp.ca/news/ev-minerals-sampling-program-returns-high-grade-results-including-1-28-nickel-and-2-54-copper-at-the-lunge-project-in-sudbury-ontario

Posted on Behalf of EV Minerals Corp.