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Grid Metals Corp V.GRDM

Alternate Symbol(s):  MSMGF

Grid Metals Corp. is focused on both lithium and copper/nickel projects in the Bird River area, about 150 kilometers (km) northeast of Winnipeg, Manitoba. The Donner lithium project is a 75% owned property subject to a joint venture agreement. The MM copper/nickel project is a resource-stage project that is undergoing exploration and development work. All the Company’s southeastern Manitoba projects are located on the traditional lands of the Sagkeeng First Nation, with whom the Company maintains an exploration agreement. The Donner project is located about 145 km northeast of Winnipeg, Manitoba. Its Falcon West Lithium Property is located within the West Hawk Lake Greenstone Belt of southeastern Manitoba. The MM Project includes a copper-rich (Mayville) and a nickel-rich (Makwa) disseminated magmatic sulfide deposit along with three additional near-surface deposits (Page, Ore Fault, and New Manitoba). Its other projects include East Bull Lake palladium project, and Mayville PGE Zone.


TSXV:GRDM - Post by User

Post by Mookster3on Jun 21, 2022 8:59am
169 Views
Post# 34770754

North West dyke drill results looking good

North West dyke drill results looking good    Table below gives results from first 12 holes just completed on the Donner North West dyke, and gives a rough estimate of tonnage based just on these holes. Dyke widths are increasing at depth which is a positive. Table gives true depths and widths based on borehole info provided, and includes lower grade material near the dyke contacts (> 0.15% LiO2), in addition to higher grade material highlighted in the company press releases.
 
Donner NW dyke; Feb-Apr 2022 Drilling
    True
 Depth  
    (m)
 True
Width  
  (m)  
  Grade
(% LiO2)
                    40 m along strike
sw GDL10   110 0.9 1.3
                    135 m along strike
GDL12, 60o 200 5.4 1.01
                   200 m along strike
GDL9, 45o  85 6.5 0.83
GDL11,60o 130 7.3 1.3
                   250 m along strike
GDL7, 45o  90 5.7 1.5
GDL8, 60o 165 6.5 1.0
GDL16 210    
GDL17 250    
                  340 m along strike
GDL2, 45o  50  5.7  1.5
GDL1, 60o  90  6.9  1.5
GDL18      
                  420 m along strike
GDL3, 45o  120 2.9 1.6
GDL4, 60o  210 5.1 1.0
       
                   530 m along strike
GDL13, 45o 100 1.9 1.5
GDL14, 60o 160 2.4 1.3
                  650 m along strike  
ne GDL 15      
       
Mean(n=12)   4.8 m 1.2%
       
Tonnage = (600m x 4.8m x 250m x 2.7 s.g.)
                                2.0 mmt
Tonnage value = 2.0 mmt @ 1.2% LiO2 ($560/t)
                                US $1.1 B

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