Business
Metal Energy Drills Three Holes with Broad Nickel Intersections Including 85.3 m of 0.67% NiEq at Manibridge Project
Highlights Include: 85.3 composite metres of 0.67% NiEq (57.3 GT) starting at 156 m vertical ...
About this update from Metal Energy Corp
[{"type":"text","content":"Metal Energy Drills Three Holes with Broad Nickel Intersections Including 85.3 m of 0.67% NiEq at Manibridge ProjectHighlights Include:85.3 composite metres of 0.67% NiEq (57.3 GT) starting at 156 m vertical depth 79.5 composite metres of 0.65% NiEq (51.5 GT) starting at 215 m vertical depth48.5 composite metres of 0.83% NiEq (40.4 GT) starting at 273 m vertical depth Mineralized zone is up to 80 m thick, continuous for 180 m down dip, and open in both dip directions (see Cross-Section of results in Figure 1)Assay results from 9 drill holes pendingToronto, Ontario--(Newsfile Corp. - January 23, 2023) - Metal Energy Corp. (TSXV: MERG) (OTCQB: MEEEF) (the \"Company\" or \"Metal Energy\") is pleased to announce assay results from three drill holes on the same section (Table 1, Figure 1) of the Phase Two drill program on the high-grade nickel and copper-cobalt Manibridge project (the \"Project\" or \"Manibridge\") in the Thompson Nickel Belt, Manitoba. Phase Two's 10,000 metres drill program was completed in December 2022, with nine additional drill hole assay results still pending.Table 1 - Drill hole composite assay results from Section 5NDDHComposite Width (m)Ni%Cu%Co%NiEq%GT  (NiEq% x m)MNB029Upper Lens          N/ALower Lens48.50.800.020.020.8340.4MNB030Upper Lens4.501.030.060.011.074.8Lower Lens79.500.620.010.010.6551.5MNB031Upper Lens1.000.420.030.010.440.4Lower Lens85.300.650.020.010.6757.3MNB004*Upper Lens^          N/ALower Lens^51.000.860.030.020.9045.9NOTES:1. See Table 3 for individual results used to compile these composite results2. * Inidividual assay results comprising the composite results were previously released, see Metal Energy news release dated August 3, 20223. ^ Results not accurate as large sampling gaps exist within these intervals Figure 1 - Cross-section of results for Section 5N (MNB004, MNB029 to MNB031)To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/7926/152125_7094c62fa44a9875_005full.jpg\"These are the best results we have drilled on Manibridge to date, with grade-thickness values (\"GT\") consistent with what was mined at Manibridge. These three drill holes, 250 m away from the old mine workings, were drilled on the same section and down dip of MNB004, which returned 0.90% NiEq over 51.0...