EV Nickel Announces Maiden Mineral Resource Estimate for Gemini North Nickel Zone
Executive Summary
- EV Nickel Inc. announced a maiden NI 43‑101 compliant mineral resource estimate for the Gemini North Zone of its Shaw Dome Project.
- The estimate reports Indicated Resources of 9.5 M tonnes grading 0.27 % Ni (≈56 M lb Ni) and Inferred Resources of 84.0 M tonnes grading 0.22 % Ni (≈411 M lb Ni).
- The zone includes a Pit‑Constrained Starter Zone of 25.5 M t at 0.27 % Ni and 0.34 % S, representing the first economically viable open‑pit target within the CarLang Trend.
Key Details
- Resource totals (NSR cut‑off US$7.35/t):
- Indicated: 9.5 M t @ 0.27 % Ni → 55.6 M lb Ni
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Inferred: 84.0 M t @ 0.22 % Ni → 410.7 M lb Ni
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Pit‑constrained starter zone: 25.5 M t @ 0.27 % Ni, 0.34 % S (combined Indicated & Inferred).
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Drilling program: 23 diamond holes, total 6,682 m completed in 2024–2025; strike length 990 m, width 580 m, depth 360 m.
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Key drill intercepts (selected examples):
- EV24‑CAR08: 0.28 % Ni over 234 m; higher grades (up to 0.44 % Ni) in deeper intervals.
- EV25‑GN01: 0.30 % Ni over 102 m, with associated Cu 0.015 %, Co 0.013 %, S 0.82 %.
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EV25‑GN06: Multiple intervals up to 0.44 % Ni; notable Pt/Pd enrichments (e.g., 473 ppb Pt, 109 ppb Pd).
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Assay methodology & QA/QC: Sodium peroxide fusion with ICP‑OES for base metals; fire assay + ICP‑AES for Au, Pt, Pd. Certified reference materials, blanks, and duplicates inserted; no QA/QC issues reported.
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Economic assumptions used in the model:
- Metal prices: Ni US$21,000/t, Co US$40,000/t, Fe US$325/t, Cr US$3,860/t, Pd US$1,350/oz, Pt US$1,150/oz.
- Pit slope 45°, processing cost US$7.35/t for a 100 ktpd operation.
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Recovery equations: Ni% = 171.63 × S% + 21.2; Co 11%; Pt 22%; Pd 48%; Fe 53%.
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Qualified Person: Dr. Scott Jobin‑Bevans (P.Geo., PGO #0183), Caracle Creek International Consulting Inc.; also reviewed by VP Exploration Paul Davis, P.Geo.
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Forward‑looking statements included regarding further exploration potential; the zone remains open along strike and at depth, with expectations that a substantial portion of Inferred resources could be upgraded to Indicated with continued work.
Notable Quotes
“The Gemini North Preliminary Resources Estimate demonstrates the great potential of the CarLang Trend,” said Paul Davis, Vice President Exploration. “When combined with the potential to identify multiple, proximal, large‑scale deposits… would allow for a single, centralized processing plant…”