EV Nickel Inc. Launches 2024 Exploration Program in Timmins, Ontario
EV Nickel Inc. has initiated its 2024 exploration program, focusing on expanding its nickel resources near Timmins, Ontario. The program follows the successful closure of a $5.12 million financing, which will fund extensive geophysical surveys, metallurgical tests, surface mapping, sampling, and diamond drilling activities.
The primary focus of the exploration will be the CarLang A Nickel Deposit along the 10+ km CarLang Trend. This deposit contains an estimated 1.1 billion tonnes of Class 1 Nickel, translating to approximately 5.3 billion pounds of nickel, categorized into indicated resources of 0.5 billion tonnes at 0.25% nickel and inferred resources of 0.5 billion tonnes at 0.23% nickel.
Additionally, the exploration will extend to the high-grade nickel targets within the Shaw Dome Property, particularly around the W4 Resource, which boasts a resource estimate of 2.0 million tonnes at 0.98% nickel, representing 43.3 million pounds of Class 1 Nickel. This includes measured and indicated resources of 1.45 million tonnes at 0.98% nickel and inferred resources of 0.6 million tonnes at 0.98% nickel.
Paul Davis, VP Exploration at EV Nickel, expressed enthusiasm about the program, emphasizing the potential to expand the CarLang resource along its full trend and explore other high-grade targets. He also highlighted the company’s commitment to advancing clean metal bioleaching technology and its ongoing dialogues with strategic groups to further develop these projects.
Located within 30 km of Timmins, EV Nickel’s projects are strategically positioned in an emerging critical mineral district. This proximity supports North American efforts to enhance the supply chain for electric batteries and vehicles, aligning with initiatives like the Inflation Reduction Act and Ontario’s critical mineral strategies.