EV Minerals Corp C.EVM

Potential for Resource Expansion

[MarketMakerss]

Last week, EV Minerals (EVM.c) highlighted the historic North Zone results providing compelling drill targets at its EV Nickel Project in Saguenay-Lac-Saint-Jean Region, Quebec.

 

The results emphasized the potential for resource expansion by infill drilling with highlights including:

• Strong potential for resource expansion by infill drilling and is open to the north
• Two wide zones that graded 0.03% Cobalt (Co), 0.11% Copper (Cu), and 0.38% Nickel (Ni) over 14.00 m from 25.00 m, and 0.04% Co, 0.15% Cu, and 0.29% Ni over 21.60 m from 48.20 m, which includes 0.09% Co, 0.49% Cu, and 1.17% Ni over 2.40 m from 48.20 m.
• High-grade pockets of Nickel were intersected, including hole 89-MCN-133, which graded 0.10% Co, 0.11% Cu, and 1.64% Ni over 2.30 m from 34.80 m, and 0.08% Co, 0.06% Cu, and 1.47% Ni over 0.70 m from 47.60 m.
• Copper was intersected in 89-MCN-134, which graded 0.02% Co, 1.17% Cu, and 0.16% Ni over 0.50 m from 85.00 m
• Multiple holes revealed opportunity for further multi-element potential
• All 160 drill holes in assessment reports have been captured into properly structured database to enable generation of 3D model of the deposit
• Analysis of historic logs indicate the Northern Zone mineralization appears as massive sulphides

Providing excellent insight into multiple areas for resource expansion, this data demonstrates that there is a strong potential to expand the main historic resource through infill drilling and multi-element exploration at the EV Nickel Project as detailed by EVM's CEO Nicholas Konkin:

"With the completed digitization, we are better equipped to model our follow-up drilling around the many >1% nickel intercepts encountered on the property. This compilation has also given us a strategic approach to evaluating metallurgical testing which will be our next phase of analysis."

 

Additionally, EVM anticipates 2023 drilling results from its inaugural 13-hole drill program completed on Jan 24,2024, where initial exploration encountered semi-massive to massive sections of sulphide mineralization to be returned from the assay lab shortly.

 

The 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.

 

Full News Release: 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.