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Grid Metals Corp Updates Drilling Program at East Bull Lake
TORONTO, ON / ACCESSWIRE / October 7, 2020 / Grid Metals Corp. (the " Company ") (TSXV:GRD...
About this update from Grid Metals Corp.
[{"type":"text","content":"Grid Metals Corp Updates Drilling Program at East Bull LakeTORONTO, ON / ACCESSWIRE / October 7, 2020 / Grid Metals Corp. (the \"Company\") (TSXV:GRDM) today provided an update regarding its 2020 exploration program at its 100% owned East Bull Lake (\"EBL\") palladium property (the \"Property\") in Ontario. The Company is exploring for palladium mineralization along a 12-kilometre-long interpreted feeder structure. The East Bull Lake Property covers approximately 85% of the palladium-bearing East Bull Lake Intrusion, located approximately 80 km west of Sudbury, Ontario.HighlightsDrilling resumed in early September and to date four holes have been completed - assays are pendingAn additional three holes are plannedThe next hole will be in an area of anomalous palladium mineralization identified in surface grab samples taken in August 2020 including a maximum of 7.67 g/t Pd, 1.41 g/t Pt and 0.20 g/t Au in one sample from the Parisien Lake target areaInitial work has been completed on metal tenors on drill samples from East Bull and results compare favourably with those typically observed in mill feed at the Lac des Iles palladium mineUpdate on Drilling ActivitiesSince resumption of drilling on September 3rd four new drill holes have been completed including a follow-up hole on the Feeder Target in the Parisien Lake area and three holes drilled at the North Margin Target area. Three more holes are planned - two holes in the East Lobe of the intrusion and one additional hole in the Parisien Lake - Kidd Zone area. Completed and proposed hole locations for the current drilling program are shown on Figure 1, below. Samples have been submitted for assay analysis on three of the first four holes with results now pending.Figure 1. East Bull Lake Property Map showing location of drill holes planned for the fall campaign (Note: drilling plans are subject to change).Field ProgramA four-week field program of mapping, prospecting and field checking of untested geophysical anomalies was completed in August and September. Seventy-five surface grab samples collected from the Parisien Lake (West lobe) and Southwest Margin (East Lobe) target areas have been analysed for Pd, Pt, Au, Cu, Ni and Co. Nine of these samples returned >1 g/t combined Pd + Pt + Au (see table, below). The highest palladium grade was obtained from sample 7231 from the Kidd ...