EV Minerals Corp C.EVM

Continuous Volume Spikes Ahead of Inaugural Assays

[MarketMakerss]

EV Minerals (EVM.c) seeing continuous volume spikes heading into the inaugural assays from its EV Nickel Project, a nickel-copper-cobalt deposit in the Saguenay Mining District in Quebec, making it onto the mid-day metals and mining gainers on ceo.ca: https://twitter.com/ceodotca/status/1770118055575568436

 

EV Nickel Project

Comprised of 32 mineral claims covering ~1,792 hectares and hosting the McNickel deposit, 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.

 

Having previously completed a Phase 1 desktop compilation at the Project with the goal of re-interpretation of historical drilling and regional geology to produce additional near-term and long-term exploration plans and targets, EVM has a range of priority areas for 2024 exploration.

 

EVM President and CEO Nicholas Konkin commented:

"We are pleased that the majority of the mineralization in the South Zone and the Eastern Anomaly is focused near surface with the historical resource focused from surface to a depth of 109 metres. Analysis of the historic South Zone and Eastern Anomaly drilling and assay data indicates that there is potential to expand the resources, as the deposit is open along strike to the south, and at depth. The Eastern Anomaly is particularly underexplored, with only five historic drillholes, and we are seeing wide low-grade zone opportunities, as well as high-grade Nickel pockets within them."

 

For more information on the historic highlights, refer to EVM's latest news release : https://www.evmineralscorp.ca/news/ev-minerals-highlights-historic-south-and-east-zone-results-providing-compelling-drill-targets-at-ev-nickel-project-in-saguenay-lac-saint-jean-region-quebec

 

Acquisition of the Baldwin and Sudbury Projects

EVM additionally holds 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.

 

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

 

Posted on Behalf of EV Minerals Corp.