Business
Drilling Underway At Grid Metals Manitoba Nickel Targets
TORONTO, ON / ACCESSWIRE / January 31, 2022 / Grid Metals Corp. (the " Company ") (TSXV:GRDM...
About this update from Grid Metals Corp.
Drilling Underway At Grid Metals Manitoba Nickel TargetsTORONTO, ON / ACCESSWIRE / January 31, 2022 / Grid Metals Corp. (the "Company") (TSXV:GRDM)(OTCQB:MSMGF) today provided a shareholder update with respect to its nickel-copper-cobalt-PGM and lithium exploration and development projects in Manitoba and Ontario. The Company has commenced drilling at its advanced exploration stage Makwa Nickel property in southeastern Manitoba and expects to complete ~3,000 metres focusing on several large and untested geophysical anomalies in an effort to expand and improve on the existing pit-constrained nickel resources at the property. The Makwa drilling will be completed by early February. The Company will then commence with a 8,000 to 10,000 meter exploration and resource delineation drilling program on the nearby Mayville lithium property, targeting multiple lithium-rich pegmatite dyes (the "Donner Lake pegmatites") that have been identified to date. Makwa and Mayville Winter Drilling ProgramDrilling commenced in early January at the Makwa Nickel Property in Manitoba with the program well underway. The Company plans to drill a total of up to 9 holes targeting three discrete electromagnetic (EM) anomalies generated by a high resolution ground survey completed by Abitibi Geophysics in 2018. The three targets include:A ~500m long, vertically extensive and strong conductance EM anomaly that starts immediately below historical exploration and resource drilling at the west end of the former producing Dumbarton Nickel-Copper Deposit. The Dumbarton Deposit supported a shallow underground mine operated by a subsidiary of Falconbridge Limited in the 1970s.A second ~500m long EM anomaly located directly south of a past producing open pit mine covering the shallow parts of the Makwa Nickel Sulfide Deposit.A >500m long moderate conductance EM anomaly located at the west end of the Makwa open pit. This anomaly overlaps with the current pit-constrained resources for the Makwa Deposit but extends further west from those resources such that it is interpreted to represent a possible western extension to the deposit. Some material from these three holes are expected to be used for future metallurgical testwork to augment that described in the current technical report for the property completed by RPA and associates in 2014 (available on SEDAR).Major Drilling is the drill con...