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Grid Metals Mayville Metallurgical Program Underway
TORONTO, ON / ACCESSWIRE / November 21, 2018 / Grid Metals Corp. (TSX-V: GRDM) (OTC PINK: MSM...
About this update from Grid Metals Corp.
[{"type":"text","content":"Grid Metals Mayville Metallurgical Program UnderwayTORONTO, ON / ACCESSWIRE / November 21, 2018 / Grid Metals Corp. (TSX-V: GRDM) (OTC PINK: MSMGF) (\"Grid\" or \"the Company\") today announced an update of activities at its Makwa Mayville Nickel Copper Cobalt PGE project. The project is located in the Bird River Greenstone Belt of southeastern Manitoba. Grid completed a National Instrument 43-101 compliant Preliminary Economic Assessment (\"PEA\") of the Makwa Mayville Project which was published in April 2014. The mining plan in the PEA envisages mining from the Mayville and Makwa deposits with ore trucked to a central processing plant.Nickel Cobalt Metallurgical ProgramNickel recoveries used in the PEA were 73% of the nickel mined and processed from Makwa and 41% of the nickel mined and processed from Mayville. A key recommendation of the 2014 PEA was to complete additional metallurgical test work in order to attempt to improve the nickel recovery from the Mayville Deposit and also to test the potential to produce a higher quality nickel concentrate.Accordingly a mineralogical and metallurgical test program to address nickel recovery has been commenced. The program will also review the potential recovery of cobalt from Mayville. (No revenues from cobalt from the Mayville Deposit were included in the PEA ) Ian Ward P. Eng. is overseeing the program as a consultant to the Company. The test program is being conducted under contract with XPS Expert Process Solutions (\"XPS\"), a Sudbury based technical consultancy and testing firm. XPS has extensive experience in flowsheet development and nickel - copper - cobalt ores.Mayille Lithium The Company has also completed a drill program on its Mayville Lithium Project Main Dyke. Results are pending and will be reported under separate cover. Drill holes were completed over a strike length of 775 meters. The focus of the program is to examine the potential for producing a high value spodumene concentrate product. The Main Dyke is one of four known lithium bearing pegmatites on the Mayville Property. The Main Dyke and Northwest Dyke together host a historical resource of 3.8 million tons grading 1.28% Li2O. (Source: Manitoba Mineral Inventory File #229. Resources are historical in nature and not NI 43-101 compliant. The Company does not consider the historical resource estimate as a curren...