EV Minerals Corporation (CSE: EVM and FSE: RLC) is trading in the green after announcing exciting developments at the EV Nickel-Copper-Cobalt Project today.
The project, located in the Saguenay-Lac-Saint-Jean Region, Quebec and spanning 1,792 hectares, boasts an undeveloped NI 43-101 non-compliant resource estimated at 5.585 million tonnes, featuring grades of 0.21% Ni, 0.11% Cu, and 0.03% Co, the project holds substantial promise for nickel, copper, and cobalt mineralization.
Originally discovered in 1987 as the McNickel deposit, the EV Nickel Project has undergone extensive exploration efforts, including a comprehensive drilling campaign in 1989.
The mineral claims hosting the deposit harbor a magmatic sulphide deposit characterized by disseminated, stringer, and massive nickel, copper, and cobalt mineralization, embedded within a gabbro - leucogabbro host rock formation.
Today, EV Minerals unveiled compelling drill targets in the project's North Zone, indicative of resource expansion opportunities through infill drilling. These targets stem from the company's comprehensive desktop compilation, which highlighted notable intersections and mineralization patterns.
Initial exploration efforts, including a 13-hole drill program completed in 2023, yielded promising results, with assays indicating significant sulphide mineralization.
Notable intersections include hole 89-MCN-132, which showcased wide zones exhibiting elevated cobalt, copper, and nickel grades, with 0.03% Cobalt (Co), 0.11% Copper (Cu), and 0.38% Nickel (Ni) over 14m, and 0.09% Co, 0.49% Cu, and 1.17% Ni over 2.4m.
Furthermore, hole 89-MCN-133 revealed high-grade pockets of Nickel, grading 0.10% Co, 0.11% Cu, and 1.64% Ni over 2.30 m, and 0.08% Co, 0.06% Cu, and 1.47% Ni over 0.7m. Copper was also intersected in hole 89-MCN-134, grading 0.02% Co, 1.17% Cu, and 0.16% Ni over 0.50m.
These concrete figures underscore the project's mineral potential and pave the way for further exploration and development initiatives. With the digitization of historic exploration data providing invaluable insights, EV Minerals is well-positioned to capitalize on these findings
Full news here:
https://www.evmineralscorp.ca/news/ev-minerals-highlights-historic-north-zone-results-providing-compelling-drill-targets-at-ev-nickel-project-in-saguenay-lac-saint-jean-region-quebec
Posted on behalf of EV Minerals Corp.