EV Nickel claims Shaw Dome Project is one of the world’s largest undeveloped nickel deposits
A Timmins nickel explorer thinks it’s sitting on one of the world’s biggest nickel deposits.
EV Nickel posted a first-ever mineral resource estimate this week from its Shaw Dome Project, a once productive nickel mining area that’s showing signs of new life.
The Toronto company has been a fast mover since arriving in the Timmins area less than a year ago in acquiring and expanded upon the property located 25 kilometres southeast of the city.
They’ve been poking holes in the northeast corner of the 30,000-hectare property called the CarLang area. EV Nickel has been showcasing it as a huge tonnage, low-grade nickel deposit.
An area of exploration focus is a smaller area within CarLang called the A Zone. Since last April, 28 holes have drilled for 8,300 metres with the assay results folded into this current mineral estimate.
The company is now reporting a defined nickel resource estimate at CarLang’s A Zone of 1 billion tonnes with an average grade of 0.24 per cent nickel.
There’s a higher grade core of 290 million tonnes at 0.27 per cent in the indicated category and 203 million tonnes at 0.27 per cent on the inferred side.
The lower grade core shows 219 million tonnes at 0.22 per cent indicated nickel and 294 million tonnes inferred at 0.21 per cent.
Learn more: Northern Ontario Business News 