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Grid Metals Reports Second Batch of Assays from its Phase 2 Drill Program at Falcon West; Cesium Mineralization Intercepted 75 m North of Lucy South Target Area
TORONTO, ON / ACCESS Newswire / May 5, 2026 / Grid Metals Corp. (TSXV:GRDM) (OTCQB:MSMGF) ("Grid" or the "Company") is pleased to report additional cesium and
About this update from Grid Metals Corp.
TORONTO, ON / ACCESS Newswire / May 5, 2026 / Grid Metals Corp. (TSXV:GRDM) (OTCQB:MSMGF) ("Grid" or the "Company") is pleased to report additional cesium and lithium values from drilling at its 100% owned Falcon West Property (the "Property"). The focus of the Phase 2 drill program is to expand the limits of the Lucy South cesium target area and to complete step-out drill holes within the immediate project area. Cesium is designated a critical metal in both the US and Canada and, at the current time, the potential sources of cesium-bearing pollucite globally are considered extremely limited. Drilling Highlights Notable cesium intercepts from holes LU26-12 to LU26-50 in the Lucy South target area include: 3.65 m grading 2.51% Cs2O including 0.35 m grading 15.1% Cs2O (LU26-19; from 26.1 metres) 2.20 m grading 3.15% Cs2O including 0.56m @ 6.57% Cs2O (LU26-21; from 31.3 metres) 2.25 m grading 2.87% Cs2O (LU26-24; from 18.1 metres) 1.73 m grading 2.44% Cs2O (LU26-25; from 23.3 metres) 2.54 m grading 1.84% Cs2O (LU26-26; from 25.7 metres) 1.78 m grading 1.50% Cs2O (LU26-27; from 15.5 metres) 2.70 m grading 4.34% Cs2O (LU26-33; from 22.2 metres) Drilling also intersected cesium mineralization 75 m north of the Lucy South target area with hole LU26-50 returning 1.24 m grading 2.40% Cs2O (from 20.4 metres). Elevated grades of lithium were also observed in a number of holes (see Appendix 1) including 6.40 m grading 2.95% Li2O (LU26-21), 6.14 m with 2.95% Li2O (LU26-28), 4.25m with 3.81% Li2O (LU26-32), 3.00 m with 3.68% Li2O (LU26-35), 15.4 m with 1.30% Li2O (LU26-37), and 8.30 m with 1.39% Li2O (LU26-49). Grid expects to commence work on an initial cesium resource estimate for Lucy South immediately following receipt of all assays from the Phase 2 program (17 holes are pending). The Company expects to complete the maiden resource in Q3/26. 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 LU26-12 to LU26-50 and those previous reported holes. Background image is based on a recent government LIDAR survey. Table 1: Selected Length-Weighted Cesium Interval Assays from Drill Holes LU26-12 to LU26-50, Lucy South Phase 2 Drilling Program which commenced in January 2026. See Appendix 1 for complete results and Appendix...