EV Nickel Inc. announced assay results from recent surface sampling and historic, 2016 diamond drilling on the Mathu Ni-Cu-PGE Zone contained in its wholly owned 3,000 hectare, Groves Project. Located approximately 6 kilometres southeast of the Town of Gogama, Ontario in the Porcupine Mining Division, the Groves Project was acquired by EVNi in April 2022 and incorporates multiple zones and showings, including the previously identified Mathu showing. This past summer, channel samples were cut across 2 sulphide zones on the showing, confirming the Ni-Cu-PGE mineralization previously observed in sulphide boulders.

The grab samples from the two sulphide zones returned 1.87% Ni and 0.75% Cu and 1.30% Ni and 3.20% Cu. The metal ratios of the sulphides observed in both Mathu and Eveco are more indicative of a mafic source given the approximate 1 to 1 ratio of Ni to Cu observed. The location of the sulphides, not associated with significant volumes of mafic intrusive units, indicates that the source of the sulphide mineralization may be identified within the property boundaries and the potential exists to trace back the sulphide mineralization to its potential source.

The Mathu showing was originally discovered by Northern Sun Mining Corporation in 2015 while prospecting on the property. Following the discovery of sulphide boulders, diamond drilling and geophysics were conducted in 2016. The diamond drill program consisted of 7 holes testing the near surface potential of Mathu.

The drill program successfully intersected the Ni-Cu-PGE mineralization in 3 of the holes, with the sulphide mineralization being hosted in intermediate volcanics. Drilling intersected significant Ni-Cu-PGE mineralization including 1.87% Ni and 0.75% Cu over 3.37 metres in hole GM-16-02, 0.72% Ni and 1.09% Cu over 4.10 metres in hole GM-16-03 and 0.90% Ni and 0.63% Cu over 5.40 metres in hole GM-16-04. A bore hole electromagnetic survey was completed on select holes from the 2016 diamond drill program, identifying off hole anomalies below the existing drill holes indicating potential for extensions of the Ni-Cu-PGE mineralization at depth and along strike.