EV Nickel drills 9 m of 0.57 g/t Au at Shaw Dome

Executive Summary

• EV Nickel Inc. has announced a new gold discovery associated with the Gemini North nickel zone at its Shaw Dome project in Timmins, Ontario.
• Results from the 2025 diamond drilling program identified gold mineralization above background levels (>0.02 gpt Au) in 21 of 28 drill holes completed to date.
• The discovery includes higher-grade intersections, with highlights of 2.03 gpt Au over 1.5 metres and 0.57 gpt Au over 9.0 metres, marking the first time the company has observed gold enrichment exceeding one gram per tonne on the Shaw Dome project.

Key Details

• Drill Program Scope: Results are based on the 2025 diamond drilling program at the Shaw Dome project.
• General Anomalies: Gold mineralization above background levels (>0.02 gpt Au) was identified over a minimum intersection of 1.5 metres in 21 of 28 drill holes.
• Higher-Grade Intersections: 10 of 27 diamond drill holes intersected anomalous gold above 0.10 gpt Au.
• Highlight 1: Hole EV25-GN20 intersected 0.57 gpt Au over 9.0 metres.
• Highlight 2: Hole EV25-GN21 intersected 2.03 gpt Au over 1.5 metres.
• Geological Context: Gold mineralization is associated with strong silicification, quartz veining, and altered ultramafic rocks.
• CarLang C Area: Anomalous gold mineralization has been identified throughout the CarLang C area, indicating a broad mineralized envelope. Higher-grade zones (>0.10 gpt Au over 1.5 metres) are linked to increased silica flooding and quartz veins/veinlets.
• Historical Data Limitations: Diamond drill holes completed prior to January 2025 were not systematically analyzed for gold; therefore, no comparable gold data is available for earlier holes (e.g., EV24-CAR07 and EV24-CAR06).
• Future Plans: The company is reviewing the potential to reanalyze samples from 2023 and 2024 drill programs on the CarLang trend. All future diamond drill hole samples will be analyzed for gold as part of the standard assay package.
• QA/QC Procedures: Core was sawn in half at the site; one half retained, the other sent to Activation Laboratories Ltd. (Timmins, Ont.). Samples were crushed to 80% passing 2mm, pulverized to 95% passing 105 micrometres. Nickel, copper, cobalt, iron, and sulphur analyzed by peroxide fusion/ICP-OES. Gold, platinum, and palladium analyzed by fire assay/ICP-OES.

Notable Quotes

• "The association of gold mineralization with altered ultramafic rocks is well documented in the Timmins camp," said Paul Davis, vice-president of exploration. "The presence of these higher-grade gold intersections, including values exceeding one gram per tonne, identified in our 2025 diamond drill program represents the first time the company has observed this level of gold enrichment on its Shaw Dome project. This newly identified gold zone represents an exciting new exploration target that will require additional work to define the extent of the gold-bearing system and assess the potential to identify areas of higher-grade gold mineralization that could be of economic importance."