EV Nickel Reports New Gold Discovery At Gemini North Nickel Zone

The most recent news (March 26, 2026) announces a new gold discovery at the Gemini North Nickel Zone within the Shaw Dome Project. Highlights include 0.57 gpt Au over 9.0m and 2.03 gpt Au over 1.5m. This follows the March 13, 2026, announcement of a Maiden Mineral Resource Estimate (MRE) for Gemini North, reporting Indicated Resources of 9.5M tonnes at 0.27% Ni and Inferred Resources of 84.0M tonnes at 0.22% Ni. The gold mineralization is associated with silicification and quartz veining in altered ultramafic rocks, a common characteristic of the Timmins gold camp.

The gold discovery is Routine - Positive. While the presence of gold in the Timmins camp is expected, the grades reported (0.57 gpt over 9m) are currently "anomalous" rather than "ore-grade" for a standalone project. However, it adds potential byproduct value to a large-tonnage nickel operation.

The more significant material event is the recently released Maiden MRE for Gemini North. This resource, combined with the massive CarLang A deposit (PEA released May 2025), establishes EV Nickel as a major holder of nickel units in Ontario. However, the market impact is tempered by the low-grade nature of the "Mt. Keith Style" mineralization (0.22-0.27% Ni), which requires high nickel prices and massive scale to be economic. The successful pilot-scale bioleach results (90% extraction) reported in February 2026 are technically material as they provide a lower-carbon processing route, which is critical for the project's "EV" branding.

EV Nickel is focused on the Shaw Dome Project near Timmins, Ontario. - Flagship: The CarLang Trend, specifically the CarLang A deposit (1 Billion tonnes at 0.24% Ni) and the newly defined Gemini North Zone. - Strategy: Developing "Two-Track" nickel—large-scale, low-grade "Mt. Keith Style" deposits (CarLang/Gemini) and high-grade "W4 Style" deposits. - Processing: Utilizing bioleaching to produce battery-grade nickel sulphate directly.