Business
Grid Metals Corp. Reports 1.13% Li2O over 10.7 m
Completes Resource Drilling at Donner Lake TORONTO, ON / ACCESSWIRE / May 31, 2023 / Grid Me...
About this update from Grid Metals Corp.
[{"type":"text","content":"Grid Metals Corp. Reports 1.13% Li2O over 10.7 mCompletes Resource Drilling at Donner LakeTORONTO, ON / ACCESSWIRE / May 31, 2023 / Grid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF) (the \"Company\") is pleased to announce final drill results from the completion of the Northwest Dyke drill program at the Donner Lake Lithium Property in Manitoba, Canada. The Company has now received all assays from the winter drilling program which will be incorporated into the upcoming maiden resource estimate expected before the end of Q2/23. SGS Canada has been retained by the Company to complete the estimate which will include both the Main and Northwest Dykes.Highlights:Visible spodumene mineralization noted in all drill holes in the core area of the dyke.Northwest Dyke remains open at depth and along strike to the south (current strike length of approximately 715 meters).Apparent widths of up to 10 meters identified at 185 meters below surface.The Northwest Dyke is exposed at surface and recent resource drilling has projected the lithium bearing pegmatite to at least 300 meters below surface.Drilling highlights include:GDL 23-68: 5.9 m of 1.59% Li2O starting at 14.5 mGLD 23-74: 6.9 m of 1.56% Li2O starting at 59.1 mGDL 23-78: 10.7 m of 1.13% Li2O starting at 185.2 mGDL 23-81: 6.7 m of 1.60% Li2O starting at 54.2 mGDL 23-84: 5.0 m of 1.37% Li2O starting at 262.7 mRobin Dunbar, Chief Executive Office of Grid Metals Corp., stated, \"We are pleased to report the final assays from the recently completed Northwest Dyke drill program. The results highlight strong continuity of mineralization across the core area of the dyke with the pegmatite remaining open at depth and to the south along strike. We look forward to releasing a maiden resource estimate at Donner Lake before the end of this quarter that will include the 2023 resource drilling at both the Main and Northwest dykes.\"Following on drilling competed in 2022, the 2023 NW Dyke resource drilling program included 19 holes for a total of 4,379 meters. Analytical results are shown in Table 1. The Company has rapidly progressed the Donner Lake Lithium Project to the resource estimation stage in just over a year since the start of drilling in February 2022. In total 66 resource drill holes were completed in 2023 for a total of 17,696 meters at the Main Dyke and Northwest Dyke.Table 1: Assay Results of ...