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Grid Metals Completes 14 Drill Holes at Makwa Nickel Deposit, Manitoba Canada
Intersects Nickel Bearing Massive Sulphides Underneath The Past-Producing Dumbarton Nickel D...
About this update from Grid Metals Corp.
[{"type":"text","content":"Grid Metals Completes 14 Drill Holes at Makwa Nickel Deposit, Manitoba CanadaIntersects Nickel Bearing Massive Sulphides Underneath The Past-Producing Dumbarton Nickel DepositTORONTO, ON / ACCESSWIRE / April 13, 2022 / Grid Metals Corp. (the \"Company\") (TSXV:GRDM)(OTCQB:MSMGF) today provided a drill update on its Makwa Nickel Property. Makwa which is part of the Makwa Mayville Ni-Cu-PGM Project located in southeastern Manitoba - where the Company has just completed 14 exploration drill holes. The current Makwa drill program focused on four geophysical targets (MK02-MK05) all located close to the 2014 pit-constrained Makwa Ni-Cu-PGM resource. Results from the first drill hole at the MK02 target intersected two separate intervals of <1 metre of massive sulfide mineralization with nickel grades greater than 1.5% within a broader mineralized package including 15 metres of 0.64% and 3.5 metres of 1.14% nickel equivalent grade. Drilling at Makwa is ongoing. Drilling is also continuing at the Company's Donner Lake Lithium Project located 35 km north.Drill hole MK22-02 was drilled underneath the former producing Dumbarton Mine horizon at the Makwa Property. Assays successfully confirm that there is nickel copper cobalt sulfide mineralization remaining below the former mine workings. The geophysical anomaly (MK02) that was targeted has a minimum strike length of 400 meters and extends at least 300 metres below the mined out part of the Dumbarton deposit. Six additional drill holes have been completed on the MK02 target with results pending. Initial results from MK22-02 are tabulated below.Hole IDFrom (m)To (m)Length (m)Ni (%)Cu (%)Co (%)Pd (g/t)Pt (g/t)Au (g/t)NiEq* (%)MAK22-02174.76190.0215.260.390.290.040.010.010.020.64inc.181.00189.008.000.500.360.040.010.010.020.81and inc.183.00186.553.550.790.280.070.020.010.011.14and inc.184.53186.552.020.970.240.080.020.020.011.34with184.53185.110.581.630.120.120.020.010.012.07and with186.19186.550.361.530.120.120.030.030.011.97Above: Highlights for MAK22-02, Dumbarton Zone, Makwa nickel property. NiEq (%) = the nickel equivalent grade that was calculated using the equation: NiEq (%) = Ni (%) + 0.469 * Cu (%) + 3.125 Co (%) + 0.319 Pd (g/t) + 0.21 * Pt (g/t) + 0.319 Au (g/t). The metal price assumptions in $US used to determine the equivalency factors are: Ni - $8.00/lb; Cu - $3.75/lb; Co - $...