EV Nickel Surface Sample Program Identifies Significant Extension Of Large-Scale Nickel Mineralization Along The Carlang Trend

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TORONTO, ON / ACCESSWIRE / June 6, 2024 / EV NICKEL INC. (TSX-V:EVNI) ("EVNi" or the "Company") is pleased to announce assay results from 148 surface samples from the CarLang Trend targeting areas over the Large-Scale nickel target in the northeast of its Shaw Dome Project. The surface sampling program was focused on the Carlang B target, one of 5 large scale targets identified on the Company's Shaw Dome Project located approximately 2km from its flagship Carlang A deposit.

"The surface samples assayed over the CarLang B area highlight the potential of the CarLang Trend to host multiple, outcropping and near surface deposits of similar, or better, nickel grade than the CarLang A Deposit," said Paul Davis, Vice President Exploration. "The Carlang Trend potentially represents one of the largest zones of contiguous nickel mineralization in the world and has as a primary advantage of being exposed at surface, in a tier 1 jurisdiction within 30 kilometers by direct road access from the mining center of Timmins, Ontario."

CarLang Trend Surface Sampling Results

The surface sampling program was designed to identify the distribution of dunites and peridotites along the northwestern arm of the CarLang Trend in an area, referred to as CarLang B, focusing on an area approximately 1.8km long by 0.5km wide (see figure 1 and figure 2).

Of the 148 samples submitted for analysis, 123 of the samples were from the targeted peridotites and dunites, where 79% of the assay samples graded 0.24% nickel or better, ranging from 0.15% Ni to 0.34% nickel , indicating that the CarLang B area (figure 3) represents another potential zone of similar grade material as the Company's flagship CarLang A Deposit.

The Carlang A deposit hosts, in accordance with National Instrument 43-101, a combined Resource of 1.1B tonnes @ 0.24% Ni consisting of an Indicated Resource of 0.5B tonnes @ 0.25% Ni and an Inferred Resource of 0.5B tonnes @ 0.23% Ni (see press release dated February 28, 2023 and/or SEDAR filing dated April 12, 2023).

As part of the 2024 summer field season, the Company intends to expand the detailed surface sampling program to include the remaining areas along the CarLang Trend to the north and east of the CarLang A Deposit. This work is expected to begin in mid-June and will be coordinated with other work to be completed on the CarLang A Deposit including a potential stripping and mapping program. Additional details on the exploration program will be released in due course.

Assay QA/QC

Surface samples from EVNi sampling program on the CarLang Trend at the Shaw Dome Project are sampled and bagged in the field and reviewed at the core logging facility located near the Shaw Dome Project. Samples are transported to ALS Canada Ltd. ("ALS") for analysis. Samples, along with certified standards and blanks, that are included by the Company for quality assurance and quality control, were prepared and analyzed at the laboratories. At ALS, samples are crushed to 70% less than 2mm. A riffle split is pulverized to 85% passing 75 microns. Nickel, copper, cobalt and sulphur are analyzed by sodium peroxide fusion with an ICP finish and platinum, palladium and gold by fire assay and ICP-AES finish. At SGS, samples are crushed to 75% less than 2mm. A riffle split is pulverized to 85% passing 75 microns. Nickel, copper and cobalt are analyzed by sodium peroxide fusion with an ICP-AES finish, platinum, palladium and gold by fire assay and ICP-AES finish, whole rock analysis for 13 oxides by ICP-AES finish and sulphur by Leco. These and future assay results may vary from time to time due to re‒analysis for quality assurance and quality control.