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Grid Metals Reports First Assays From Its Phase 2 Drill Program at Falcon West Including 12.9% Cs2O Over 3.8m
TORONTO, ON / ACCESS Newswire / April 1, 2026 / Grid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF) ("...
About this update from Grid Metals Corp.
Grid Metals Reports First Assays From Its Phase 2 Drill Program at Falcon West Including 12.9% Cs2O Over 3.8m TORONTO, ON / ACCESS Newswire / April 1, 2026 / Grid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF) ("Grid" or the "Company") is pleased to report significant cesium, lithium and tantalum values from drilling at its 100% owned Falcon West Property (the "Property"). The exploration target is the Lucy South pegmatite - a globally rare example of a highly fractionated LCT pegmatite - with cesium hosted in the mineral pollucite.The strategic nature of cesium is evidenced by its designation as a critical metal in both the US and Canada. At the current time, the potential sources of pollucite globally are considered extremely limited.Drilling HighlightsNotable cesium intercepts from the first 11 holes of the Phase 2 program include:3.8m with 12.9% Cs2O including 1.6m with 26.5% Cs2O (LU26-03; from 19.6 metres)3.3m with 4.32% Cs2O including 1.0m with 13.8% Cs2O (LU26-11; from 27.8 metres)Drilling also intersected the spodumene-rich parts of the core zone of the Lucy South pegmatite with peak grades approaching the theoretical maximum lithium oxide content of pure spodumene (e.g., 1.2m with 6.16% Li2O in hole LU26-09, from 39.2 metres).Significant tantalum (e.g., 0.9m with 1.48% Ta2O5 in hole LU26-05, from 39.2 metres) and rubidium (e.g. 1.2m with 1.53% Rb2O in LU26-10, from 46.0 metres) were also intersected, further highlighting the extremely fractionated nature of the Lucy South pegmatite.The continuation of a highly fractionated pegmatite environment was confirmed with step-out hole LU26-10,drilled 70 metres to the east of the currently defined limits of the Lucy South Cs-Li-Ta-rich core zone. This drill hole yielded percent level cesium and rubidium grades.The Phase 2 drill program was completed last month with 67 holes drilled for a total of 3,075 metres. This followed the successful Phase 1 drill program that was completed late last year (67 holes, 3,035 metres). Assays for the remaining 56 holes are pending.Figure 1: Map of Lucy South target area with interpreted pierce points, projected vertically to surface, into the top of the Lucy South LCT pegmatite. Pierce points include those from newly reported holes LU26-01 to LU26-11 and those previous reported holes. Background image is based on a recent government LIDAR survey. Table 1: Selected Length-Weighted...