EV Nickel Inc. (TSX-V: EVNI) has announced an updated mineral resource estimate (MRE) for the W4 Deposit, a high-grade nickel deposit in the southeast of its Shaw Dome project in Ontario, Canada. The updated resource adds more than 24Mt of contained metal to the deposit over a previous estimate released in 2010.
“This is a major step on our mission to accelerate the clean energy transition with our Clean Nickel™. Expanding the total measured, indicated, and inferred resources to more than 43M pounds of nickel sets up our two-track strategy of defining near surface, high-grade nickel resources and combining them with the large scale projects in the Shaw Dome,” said president & CEO Sean Samson.
“From here, this updated MRE will be the basis for a Preliminary Economic Assessment, to present the economic potential of the deposit.”
EVNI completed diamond drilling on the W4 Deposit between 2021 and 2023, combing this new data with historical drilling completed on the W4 Zone by Golden Chalice Resources to complete an updated MRE in accordance with NI 43-101.
The original 2010 estimate put total indicated resources at 677,000t grading 1% Ni for 14.8Mlbs, and inferred resources at 171,000t grading 0.91% Ni for 3.3Mlbs.
Open pit and underground measured and indicated resources at the southeastern W4 deposit now come to 1.4Mt grading 0.98% Ni for 31.1Mlbs. Inferred resources total 559,214t at 0.98% Ni for 12.1Mlbs.
“More than doubling the size of the 2010 Historical Resource for the W4 Deposit confirms that it has the grade and the size to be considered a near term source of nickel production,” said Paul Davis, VP Exploration.
This updated MRE was modeled to ~500m from surface while the 2010 historical resource estimate was to ~400m from surface. The W4 Deposit remains open at depth and along plunge.
For further information, please visit: www.evnickel.com
