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Grid Provides Manitoba Project Update: Releases High Grade Lithium Drill Intercepts from the Main Dyke Pegmatite; Announces Drilling Plans for Ni-Cu-Co-PGM, Lithium and PGE Projects
TORONTO, ON / ACCESSWIRE / September 14, 2021 / Grid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF) (t...
About this update from Grid Metals Corp.
[{"type":"text","content":"Grid Provides Manitoba Project Update: Releases High Grade Lithium Drill Intercepts from the Main Dyke Pegmatite; Announces Drilling Plans for Ni-Cu-Co-PGM, Lithium and PGE ProjectsTORONTO, ON / ACCESSWIRE / September 14, 2021 / Grid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF) (the \"Company\") is pleased to announce previously unreported drilling results for its Main Dyke lithium pegmatite target located immediately south of the Company's Mayville Cu-Ni-Co-PGM deposit in the Bird River greenstone belt of southeastern Manitoba. Results of the drilling identified high grade lithium, cesium and tantalum values (including 1.8% Li 2 O over 3.38m) in a continuous spodumene bearing pegmatite dyke with a minimum strike length of 775 meters. Highlights of the drilling and project are:10 holes drilled by Grid (including 7 not previously reported) defined a continuous high grade lithium-bearing dyke with a minimum strike length of 775 meters.Results largely confirm the results of historical drilling in 1955 and a historical resource estimate 1 of 3.8 million tons @1.28% Li 2 O (see below for details)There are five lithium bearing pegmatites on the Mayvillle Lithium Property. Grid's chip sampling on a second spodumene-bearing pegmatite dyke(the NW Dyke) returned maximum values of 3.60% Li 2 O and 220 ppm Ta 2 O.The Mayville pegmatites are part of the Cat Lake Pegmatite Field in the Bird River Greenstone Belt which also hosts the world-class Bernic Lake PegmatiteGrid holds claims covering 10km of strike length along a favourable geological contact prospective for additional pegmatite discoveries.The Mayville Lithium Property is located ~2 km south of the Grid's Mayville Cu-Ni-PGM deposit with potential for shared infrastructure costs in developmentThe project has excellent access, infrastructure ( including renewable power ) and potential for a low carbon footprint.The Company's exploration objective at the property is to define a compliant mineral resource to support a ~150-250,000 per annum production volume of lithium spodumene 6% (SC6%) concentrate putting it on par with other significant lithium spodumene development projects .New High Grade Lithium Drilling Results from the Mayville Lithium Property.The property comprises five known spodumene-bearing lithium-cesium-tantalum (\"LCT\") pegmatites that belong to the Cat Lake pegmatite field lo...