Business
T2 Metals Receives $300,000 Grant from Manitoba Mineral Development Fund
Vancouver, British Columbia--(Newsfile Corp. - June 6, 2024) - T2 Metals Corp. (TSXV: TWO) (OTCQ...
About this update from T2 Metals Corp
[{"type":"text","content":"T2 Metals Receives $300,000 Grant from Manitoba Mineral Development FundVancouver, British Columbia--(Newsfile Corp. - June 6, 2024) - T2 Metals Corp. (TSXV: TWO) (OTCQB: AGLAF) (WKN: A2DR6E) (\"T2\" or the \"Company\") is pleased to announce receipt of a $300,000 grant from the Manitoba Mineral Development Fund (\"MMDF\") to support the Company's ongoing exploration of the Company's Sherridon copper-gold-zinc project in west-central Manitoba.Sherridon is a well known VHMS camp in the Flin Flon - Snow Lake district, with both a significant mining history and substantial copper-rich historical resources calculated in 2010. T2 Metal's 2023 drilling program highlighted the excellent potential for near-surface copper, gold and zinc rich mineralization including the below in the vicinity of the Cold and Lost deposits as reported Q1 2024:SHN2300523.50 m grading 1.18% Cu, 1.46% Zn, 6.8 g/t Au and 40.4 g/t Ag (7.4% CuEq) from 38.00 m;SHN2300814.4 m grading 0.88% Cu, 2.58% Zn, 0.51 g/t Au and 9.8 g/t Ag (2.16% CuEq) from 49.38 m;SHN230105.52 m grading 1.77% Cu, 1.47% Zn, 2.30 g/t Au and 37.2 g/t Ag (4.41% CuEq) from 105.00 m;Planning and permitting is now well underway for follow up drilling of these areas, and to test additional targets across the project. Mark Saxon, CEO of T2 Metals Corp. said, \"Following a very successful 2023 exploration program, T2 Metals Corp continue to be an active and optimistic investor in Manitoba. This MMDF grant will enable the Company to continue on a discovery and development pathway at the Sherridon copper project, while furthering the close relationship with the Kiciwapa Cree Nation, the Mathias Colomb Cree Nation and other rights holders. The Manitoba Government recognises the important role mining plays in enabling the energy transition, and is a strong supporter of the mining industry and northern economies through the MMDF.\" T2 Metals acknowledges the positive impact the MMDF has on mineral exploration across Manitoba. Mining is an important contributor to economic development and investment within northern communities. The MMDF program and the Manitoba Mineral Exploration Tax Credit (\"MMETC\") help to ensure the province remains an attractive jurisdiction for mineral exploration including critical raw materials. Notes: Copper equivalents calculated using current metal prices (Cu $/t = ...