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Grid Metals Announces Near Surface High-Grade Lithium, Cesium and Tantalum Drill Core Assays at Falcon West
TORONTO, ON / ACCESSWIRE / March 28, 2023 / Grid Metals Corp (TSXV:GRDM)(OTCQB:MSMGF ) (the "Comp...
About this update from Grid Metals Corp.
[{"type":"text","content":"Grid Metals Announces Near Surface High-Grade Lithium, Cesium and Tantalum Drill Core Assays at Falcon WestTORONTO, ON / ACCESSWIRE / March 28, 2023 / Grid Metals Corp (TSXV:GRDM)(OTCQB:MSMGF) (the \"Company\") today announced assay results for drill core samples obtained from a 2012 exploration program on the Lucy claim, part of the Company's 100% owned Falcon West Lithium Property (the \"Property\"). The Property is located approximately 120 km east of Winnipeg, Manitoba, and 110 km south of the Company's Donner Lake Lithium property. The 2012 drill core had not been previously assayed, and the new samples were obtained by Grid staff from Mr. William C. Hood, P. Geo., who was the vendor of the property. The new assays outline an outcropping and relatively flat-lying, highly fractionated spodumene-bearing pegmatite system featuring high grade lithium, cesium, and tantalum values. The area is only a few hundred metres from the Trans-Canada Highway.Key takeaways from the 2012 drill results reported here are as follows:High grade lithium values encountered in several holes including 2.1% Li2O over 6.1 m (LU-12-02, from 23.5 m) and 1.8% Li2O over 12.3 m (LU-12-05 from 2.0 m)High-grade cesium values were also encountered including 10.3% Cs2O over 3.3 m (LU-12-02, 25.7 - 29.0 m) with a maximum value of 17.2% Cs2O over a core length of 1.1 mNumerous tantalum-enriched intervals were also identified including 0.09% Ta2O5 over 14.4 m (LU-12-05, 3.9 -18.3 m), 0.53 Ta2O5 over 2.7 m (LU-12-03, 17.14 - 19.83 m), 0.04% Ta2O5 over 3.7 m (LU-12-13, 21.36 - 25.00 m), and 0.04% Ta2O5 over 10.66 m (LU-12-14, 24.03 - 34.69 m)These exceptionally high cesium values and associated high-grade lithium and tantalum values confirm the presence of a highly evolved pegmatite system similar to the world class Tanco pegmatite located ~100 km to the northLithium values in drill results are in line with other known historical drill resultsThe pegmatite system is open to the north, west and south and at depth.The ArtDon-Lucy Target area has spodumene lithium mineralization noted over a 1.25 km strike length with minimal drilling over much of the target area.The Company plans to drill the 1.25 km trend later this year after completing consultation with affected First Nations in the areaThe Property is 100% owned with no royalties other than 2% NSR royalties on th...