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Grid Metals Options Newly Discovered Lithium Pegmatite Property In NW Ontario
TORONTO, ON / ACCESSWIRE / October 5, 2021 / Grid Metals Corp. (TSXV:GRDM) (OTCQB:MSMGF) ( th...
About this update from Grid Metals Corp.
[{"type":"text","content":"Grid Metals Options Newly Discovered Lithium Pegmatite Property In NW OntarioTORONTO, ON / ACCESSWIRE / October 5, 2021 / Grid Metals Corp. (TSXV:GRDM) (OTCQB:MSMGF) ( the \"Company\") is pleased to announce the signing of an option agreement to acquire a 100% interest in a previously undiscovered and prospective spodumene and lepidolite-bearing pegmatite lithium property located approximately 250 km northwest of Thunder Bay (see Figure 1). The property (herein referred to as the \"Campus Creek property\" or the \"Property\") hosts at least one highly fractioned and rare metal-enriched pegmatite dyke (the \"Highstone dyke\") evidenced by high-grade lithium and highly anomalous cesium, rubidium and tantalum values obtained from Grid's initial surface grab sampling.Highlights from analyses of samples taken from the initial showing of spodumene-bearing pegmatite:SampleEasting (m)Northing (m)Elevation(m)Li2O(%)Cs2O(%)Rb2O(%)Ta(ppm)Fe(%)B41902659925554628855134.350.010.03880.54B41908559925754628805141.500.080.191790.49B41908859925554628834821.420.180.453040.45B41902759925754628835130.880.120.45710.37B41908959925654628824820.680.090.282270.89B41910359925654628745160.220.020.11330.53Above: Selected analytical results for surface grab samples collected from the Highstone Dyke initial showing at the Campus Creek lithium property.Campus Creek Property - HighlightsThe Campus Creek property is located directly adjacent to the TransCanada highway (Figure 1) and is road accessible with the initial discovery attributable to the recent logging in the area.Prospective geological setting for rare metal pegmatites, with property straddling a major tectonic boundary zone between three discrete structural domains in the western Superior ProvinceNo previous lithium or rare metal exploration; a bona fide new discoveryMultiple fertile granite and granite pegmatite dyke outcrops identified by geochemistry over an initial reconnaissance prospecting area of ~4 km x ~2kmOutcropping spodumene and lepidolite bearing pegmatite with high-grade Li2O contentsWhole rock geochemical analyses from a suite of ~80 outcrop grab samples consistently returned highly fractionated incompatible element ratios indicative of a fertile environment for rare metal-enriched pegmatites. The property remains poorly explored with only a handful of historic drill holes occurring in ...