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New Drill Results Extend Strike Length of the High Grade Northwest Dyke to 500 Metres at Grid Metals Donner Lake Lithium Property
Property Acquisitions Announced TORONTO, ON / ACCESSWIRE / April 26, 2022 / Grid Metals ...
About this update from Grid Metals Corp.
[{"type":"text","content":"New Drill Results Extend Strike Length of the High Grade Northwest Dyke to 500 Metres at Grid Metals Donner Lake Lithium PropertyProperty Acquisitions AnnouncedTORONTO, ON / ACCESSWIRE / April 26, 2022 / Grid Metals Corp. (the \"Company\") (TSXV:GRDM)(OTCQB:MSMGF) is pleased to report additional diamond drill results from the 2022 lithium exploration program at its Donner Lake lithium property in southeastern Manitoba. The project 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 Donner Lake Lithium project is a 75%/25% joint venture between Grid Metals Corp and Lithium Royalty Corp., a leading player in global lithium finance.Highlights of todays announcement are as follows:Drill intersections over 500m strike length include the following intervals:4.1 metres averaging 1.62% Li2O in GDL22-03 from 160.9 meters downhole5.9 metres averaging 1.48% Li2O in GDL22-12 from 219.5 metres downhole2.7 metres averaging 1.52% Li2O in GDL22-13 from 139.4 metres downholeAnd previously released13.75 meters averaging 1.53% Li2O in GDL22-01 from 87.5 meters downhole8.0 meters averaging 1.46% Li2O in GDL22-02 from 57.0 meters downhole To date assays have been received from five drill holes (GDL22-01,02 - see Grid Press release dated April 5,2022) and GLD22-03, 12 and 13. Assays from these holes demonstrate lateral continuity of high-grade lithium values in the Northwest Dyke - one of several known spodumene-bearing LCT-type pegmatites on the Property.The Northwest Dyke has now been traced by Grids' 2022 drilling for ~500 meters along strike and to a vertical depth of ~200 meters by the first five holes for which assays have been received.Consistent grade profile of lithium mineralization to date is associated with visible spodumene crystalsSimilar grade and continuity to the Main Dyke, located ~1.5 km to the eastThe true thickness of the lithium intersections in holes GDL22-01, 02, 03, 12 and 13 are estimated to range from 50% to 70% of the interval lengths.Assays are pending from all other holes and drilling is continuing to extend the depth of the mineralizationProject is located within 35 km of Canada's only currently producing lithium spodumene operation (Tanco Mine)Above: 2022 drill hole locations for the Northwest Dyke at t...