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Grid Metals Donner Lake Lithium Property Drill Results and Project Development Update
PEA Underway at Makwa Mayville Ni-Cu-PGM-Co Property TORONTO, ON / ACCESSWIRE / July 2...
About this update from Grid Metals Corp.
[{"type":"text","content":"Grid Metals Donner Lake Lithium Property Drill Results and Project Development UpdatePEA Underway at Makwa Mayville Ni-Cu-PGM-Co PropertyTORONTO, ON / ACCESSWIRE / July 28, 2022 / Grid Metals Corp. (the \"Company\") (TSXV:GRDM)(OTCQB:MSMGF) is pleased to report the results from the final three holes completed in the Phase 1 drill program at its Donner Lake lithium property (the \"Property\") in southeastern Manitoba. In addition, the Company has initiated certain project development activities including baseline environmental work and metallurgical testwork on both the Northwest and Main dykes. The property is located in the Winnipeg River pegmatite field, which hosts the world-class Tanco pegmatite and the associated Tanco lithium-cesium-tantalum mine and concentrator. The property is a 75%/25% joint venture between Grid Metals Corp and Lithium Royalty Corp., a leading player in global lithium finance.Drilling Highlights:Results from the final three holes for the February-April 2022 Northwest Dyke drilling program include the following length-weighted average grades:7.3 metres averaging 1.17% Li2O in GDL22-16 (from 239.9 metres) including 2.1 metres averaging 1.92% Li2O5.5 metres averaging 1.49% Li2O in GDL22-17 (from 279.8 metres) including 3.0 metres averaging 2.41% Li2O4.7 metres averaging 1.00% Li2O in GDL22-18 (from 227.0 metres) including 1.67 metres averaging 1.57% Li2OHoles 16-18 were drilled to intersect the Northwest Dyke below previously reported drill holes, between 150 and 250 metres vertical depth. Note that the Northwest Dyke intersection lengths reported above do not represent the true thickness of the dyke, which is estimated to typically range from 4 to 8 metres, representing 50-70% of the reported intersection lengths. Complete analytical results for holes GDL22-16, -17 and -18, together with drill hole specifications for these and previously reported holes, are provided in the Appendices accompanying this release. Relative drill hole pierce points into the Northwest Dyke are shown on the accompanying longitudinal section.Above: Longitudinal section, looking west, showing relative 3D position of the February-April 2022 drill hole pierce points into the Northwest Dyke, Donner Lake Lithium Property. Holes GDL22-16 to 18, reported here, are amongst the deepest intersections of the Northwest Dyke to date.Analysis...