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Metal Energy Intersects 36.55 m of 1.13% Nickel Equivalent, Including 19.45 m of 1.69% Nickel Equivalent in a New High-Grade Zone at Manibridge
Highlights Include: MNB040A : 36.55 metres of 1.13% NiEq, including 19.45 m of 1.69% NiE...
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[{"type":"text","content":"Metal Energy Intersects 36.55 m of 1.13% Nickel Equivalent, Including 19.45 m of 1.69% Nickel Equivalent in a New High-Grade Zone at ManibridgeHighlights Include: MNB040A: 36.55 metres of 1.13% NiEq, including 19.45 m of 1.69% NiEqMNB039: 36.2 metres of 0.69% NiEq including 12.15 m of 1.14% NiEqNew high-grade nickel zone demonstrates the discovery potential for multiple high-grade nickel shoots within the broader mineralized shell at Manibridge. Toronto, Ontario--(Newsfile Corp. - March 16, 2023) - Metal Energy Corp. (TSXV: MERG) (OTCQB: MEEEF) (the \"Company\" or \"Metal Energy\") is pleased to announce the final drill hole assays of the Phase Two drill program (Table 1, Figures 1 & 2) on the high-grade nickel and copper-cobalt Manibridge project (the \"Project\" or \"Manibridge\") in the Thompson Nickel Belt, Manitoba.\"This new zone of over 1% nickel mineralization in the Upper Lens demonstrates discovery potential for multiple high-grade nickel shoots within the overall mineralized shell at Manibridge. Manibridge's mineralized shell is over 1 km of strike, traced down to 800 m depth, and locally exceeds 90 m thickness. Drill holes MNB036, MNB037 and MNB040A show the growth of this new nickel mineralized zone that currently measures 25 m thick by 40 m down-dip. This new zone contains our highest-grade continuous nickel intersection (19.45 m of 1.69% NiEq). We have maintained a 100% Ni-sulphide intersection success rate, and 34 of 36 drill holes have intersected over 1% nickel over variable sample widths. These facts demonstrate the robust nature of the Manibridge nickel system. Overall, we're thrilled with the results from 2022's drill programs, and we look to expand and discover additional high-grade nickel mineralization in 2023,\" said James Sykes, CEO of Metal Energy.Table 1 - Drill hole composite assay results from Sections 3N & 4NDDHCompositeWidth (m)Ni%Cu%Co%NiEq%GT(NiEq% x m)MNB036 (4N)Upper Lens34.250.530.020.010.5518.8Lower Lens27.900.490.020.010.5114.2MNB037 (4N)Upper Lens4.501.350.040.021.406.3Lower Lens27.150.450.010.010.4712.8MNB038 (4N)Upper Lens2.700.470.020.010.491.3Lower Lens41.650.520.020.010.5522.9MNB039 (4N)Upper Lens4.250.530.020.020.562.4Lower Lens36.200.690.030.020.7326.4MNB040A (3N)Upper Lens36.551.090.040.021.1341.3Lower Lens17.650.410.010.010.447.8 NOTES:1. See Table 3 for individual re...