EV Nickel - VP Exploration, Paul Davis.
VP Exploration, Paul Davis.
Source: EV Nickel.
  • EV Nickel (EVNI) is reporting assays for three holes from phase 2 drilling at its Shaw Dome Project
  • Highlights include 13 m grading 2.98 per cent nickel
  • Ongoing drilling seeks to identify additional down-plunge, high-grade nickel
  • EV Nickel is a Canadian nickel exploration company operating near Timmins, Ontario
  • EV Nickel (EVNI) closed up by 64 per cent trading at $0.205 per share

EV Nickel (EVNI) is reporting assays for three holes from phase 2 drilling at its Shaw Dome Project.

All three holes focused on the Langmuir W4 Zone and intersected high-grade nickel sulphide mineralization.

Metallurgical testing

The company will submit EVMET22-01 and EVMET22-02 to SGS Canada for metallurgical analysis to determine potential recoveries and concentrate quality. It expects results by mid-summer.

Ongoing phase 2 drilling

The remainder of the program at Langmuir W4 Zone is targeting the extension of the mineralized envelope to identify additional down-plunge, high-grade nickel mineralization.

“W4 continues to impress me with its high-grade nickel mineralization,” stated Paul Davis, EV’s Vice President of Exploration. “The mineralization at W4 is unique, composed primarily of pentlandite, which relates to high nickel tenors as reflected in these high-grade nickel intercepts.”

“The current metallurgical test program will determine the best recovery method to be used utilizing the current mill flowsheets for facilities within a 300 km radius of the project,” he added.

EV Nickel is a Canadian nickel exploration company operating near Timmins, Ontario. It is primarily focused on supplying the growing demand for clean class 1 nickel for electric vehicle batteries.

EV Nickel (EVNI) closed up by 64 per cent trading at $0.205 per share.

More From The Market Online

Microcap Star Diamond releases robust diamond valuation

Star Diamond (TSX:DIAM), a microcap mining stock, releases a prospective diamond valuation for three major kimberlite units in Saskatchewan.

@ the Bell: Dow Jones reaches 40,000 milestone

The Dow Jones Industrial Average reached a key milestone – the 40,000 mark, which it had never reached. Canada’s main stock index also rose.