EV Nickel Reports Results of 2025 Diamond Drill Hole Program - Extension of Nickel Mineralization on Gemini North
Low-Grade Bulk Tonnage Expansion Meets Massive Capital Reality as MRE Catalyst Approaches
The news release dated January 20, 2026, details the final results of the 2025 diamond drilling program at the Shaw Dome Project. Key highlights include: - Extension of nickel mineralization at the Gemini North Zone by 300-350 metres to the west, bringing the total interpreted strike length to 750 metres. - 14 out of 15 drill holes intersected nickel mineralization. - Notable intercepts include 114.0m grading 0.27% Ni (CarLang C) and 6.0m grading 0.37% Ni (Gemini North). - Management announced the completion of a Preliminary Mineral Resource Estimate (MRE) for Gemini North, expected in Q1 2026. - Preliminary metallurgical work suggests Gemini North responds better to sulphide flotation than similar deposits. - A routine grant of 272,728 Restricted Share Units (RSUs) to directors was also disclosed.
The impact of this news is material and positive, primarily due to the timeline set for the upcoming Mineral Resource Estimate. - Resource Growth: Increasing the strike length of Gemini North to 750m provides the "scale" required for the bulk-tonnage model the company is pursuing. - Grade Continuity: While the grades are consistently low (0.25% - 0.44% range), they are in line with the existing CarLang A resource (0.24% Ni). The consistency reduces exploration risk but maintains the "bulk tonnage" challenge. - Metallurgical Edge: The claim that Gemini North mineralization responds better to flotation than other zones is critical. In low-grade nickel, recovery rates are the difference between a project and a science experiment. - Comparison to Expectations: The news confirms the expansion goals set in mid-2025 and keeps the company on track for its Q1 2026 resource update.
EV Nickel Inc. is focused on the Shaw Dome Project near Timmins, Ontario. The project is divided into two distinct strategies: - Large-Scale (CarLang Trend): Bulk-tonnage, low-grade (approx. 0.24% Ni) nickel mineralization aimed at long-term supply for the EV battery market. - High-Grade (W4 & Langmuir): Smaller, higher-grade nickel sulphide deposits (1% - 3% Ni) that could provide early-stage cash flow. - Flagship Project: The CarLang A Deposit, which has a massive PEA with a post-tax NPV8% of $1.48B CAD but requires a $2.3B USD initial investment.