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Grid Metals Announces Positive Metallurgical Test Results and Initial Rhodium Assays for East Bull Lake
TORONTO, ON / ACCESSWIRE / August 23, 2021 / Grid Metals Corp. (" Grid " or the " Company ")...
About this update from Grid Metals Corp.
[{"type":"text","content":"Grid Metals Announces Positive Metallurgical Test Results and Initial Rhodium Assays for East Bull LakeTORONTO, ON / ACCESSWIRE / August 23, 2021 / Grid Metals Corp. (\"Grid\" or the \"Company\") (TSXV:GRDM)(OTCQB:MSMGF) is pleased to announce the favourable results of initial metallurgical testwork showing high metal recoveries on core samples from the Central Parisien Lake palladium zone at its 100% owned East Bull Lake property near Sudbury, Ontario. The Company is also pleased to report that rhodium - the most valuable of the platinum group metals, is present in sufficiently high concentrations to be considered as a potential, additional pay metal in future metallurgical and economic assessments.Preliminary Metallurgical TestworkEarlier this year, Grid contracted XPS Expert Process Solutions - A GLENCORE Company to complete preliminary metallurgical testwork on composite samples prepared from coarse rejects and quarter-core samples from three drill holes that intersected the Central Parisien Lake Zone. This zone has been a focus of recent drilling and is the most advanced of several known surface trends of palladium mineralization on Grid's >20 km long East Bull Lake palladium property.The final report from the new metallurgical study has now been received and includes the following highlights obtained from an initial locked cycle test:Excellent modeled concentrate grade of 102.5 g/t palladium (Pd)Favourable palladium and copper recoveries of 77.3% and 88.9%, respectivelyThe XPS study was designed to investigate the potential to produce a palladium-rich sulfide concentrate from a relatively low-grade composite sample with a head grade of 1.21 g/t Pd. This palladium grade is considered to be representative of the recent drill intersections of near surface mineralization in the Central Parisien Lake Zone and is also believed to match the representative palladium grade that would be required to support a future open pit mining operationDr. Dave Peck, the Company's Vice President of Exploration and Business Development commented \"We are very encouraged by the initial metallurgical test results. We had hoped to see a ~100 g/t palladium concentrate grade from this initial testwork and we achieved that. Both the palladium concentrate grade and recovery are well within the range seen at active PGM mining operations including the...