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Grid Metals Acquires New PGM Zone at East Bull Lake, Ontario Canada
TORONTO, ON / ACCESSWIRE / September 30, 2019 / Grid Metals Corp (TSXV:GRDM) (OTC:MSMGF) ("Grid" or "the Company") is pleased to provide details of the Parisien
About this update from Grid Metals Corp.
[{"type":"text","content":"TORONTO, ON / ACCESSWIRE / September 30, 2019 / Grid Metals Corp (TSXV:GRDM) (OTC:MSMGF) (\"Grid\" or \"the Company\") is pleased to provide details of the Parisien Lake/Kid strategic land acquisition at its East Bull Lake PGM Property, located 80 km west of Sudbury Ontario. Historical exploration drilling results from the newly acquired Parisien Lake claims have outlined a 1.3 km exploration corridor defined by geological mapping, grab and channel analytical samples, trenching and drilling. Recently Grid acquired approximately two kilometers of prospective strike length of the Parisien Lake Deformation Zone ( \"PLDZ\") by staking unpatented mining claims. Six widely spaced drill holes were drilled within these claims in 2000 north of the PLDZ Zone. The six drill holes were covered 600 meters of east-west strike length and contained significant palladium and platinum values. The drill holes intersected a similar style of mineralization identified by Grid in 2002 in a channel sampling and trenching program approximately 500 meters along strike to the west. In all, a drill target horizon with a 1.3 km strike length has been defined and will be a priority area for exploration at East Bull going forward. A number of other PGM mineralized horizons occur along the south margin of the East Bull Lake Intrusion which are being evaluated by the Company. Grid has an extensive database of exploration information covering the 22 km x 4 km East Bull Lake Intrusion. The Company has commenced a field sampling program at PLDZ to confirm the mineralized zone and prepare the target for drilling. A map showing the location of the drill holes and the trenches at the PLDZ has been posted on the Grid website at https://gridmetalscorp.com/properties/east-bull-lake-pgm-property/. \"Accumulation of palladium dominant mineralization, proximal to structural zones, is a key exploration target at East Bull. The PLDZ is a major structural deformation zone with significant mineralization and hence is an important exploration target for PGM at East Bull \" said Robin Dunbar President and CEO of Grid. The PLDZ drill holes completed in 2000 were filed with the Ministry of Northern Development and Mines (\"MNDM\") as an assessment report (MNDM Assessment File #41J08NE2010). The mineralization in all the drill holes contained from trace up to a maximum of 10% sulfi...