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Grid Metals Corp Announces More Lithium Drill Results From Donner Lake
TORONTO, ON / ACCESSWIRE / February 22, 2023 / Grid Metals Corp (TSXV:GRDM)(OTCQB:MSMGF ) (the "C...
About this update from Grid Metals Corp.
[{"type":"text","content":"Grid Metals Corp Announces More Lithium Drill Results From Donner LakeTORONTO, ON / ACCESSWIRE / February 22, 2023 / Grid Metals Corp (TSXV:GRDM)(OTCQB:MSMGF) (the \"Company\") today reported results from an additional 12 holes at its Donner Lake Lithium Property (the \"Property\"), located 150 km northeast of Winnipeg Manitoba. The drilling is part of the maiden 43-101 compliant resource delineation program at Donner Lake. The current phase of drilling at the Main Dyke has now been completed.Results continue to outline a steeply-dipping LCT-type pegmatite dyke with visible spodumene mineralization.All holes drilled to date in the 800m core resource area have hit the Main Dyke and all holes reported to date have returned significant lithium values.Sub-parallel spodumene-bearing pegmatites have also been intersected in many of the completed holes in both the footwall and hangingwall of the Main Dyke.The Main Dyke remains open at depth and along strike.Resource drilling is now commencing at the Northwest Dyke located 1 km to the west to follow up on drilling completed in 2022.Drilling for a maiden lithium resource for both the Main and Northwest dykes is on track for completion by the end of March 2023.A metallurgical test program involving composite samples from both the Main and Northwest dykes is nearing completion and will be reported on in the near future.Donner Lake is currently a 75% / 25% joint venture with Lithium Royalty Corp. Grid has an MOU in place with Tantalum Mining Corporation of Canada Limited focused on creating a toll milling operation to process spodumene-bearing pegmatites from Grid's Donner Lake Property.Assays from the newly reported drill holes at the Main Dyke are shown below.Drill hole Li2OInterval (m)From (m)GDL-22-26 1.7%1.9190.0 and1.2%0.8287.2 and2.0%5.9291.5 and1.6%2.7302.8 GDL22-27 to GDL22-30 previously reported GDL22-31 1.4%5.3187.3GDL22-32 1.8%6.1230.0GDL22-33 2.1%1.7110.3 and1.5%5.9252.1GDL22-34 1.5%3.450.8GDL22-35 1.6%3.8175.0GDL22-36 1.8%3.560.8GDL22-37 1.8%7.5213.5 including2.1%4.0217.0GDL22-38 1.7%3.6139.4GDL22-39 Assays pendingGDL22-40 1.7%3.8151.5GDL22-41 1.8%5.3178.3GDL22-42 1.8%3.3212.4 and1.6%4.4295.3Above: Table of length-weighted average LiO2 concentrations for drill holes GDL22-26 and GDL22-31 to GDL22-42 drilled on the Main Dyke including results from GDL22-26 which had not been pr...