Grid Metals Corp. (TSXV: GRDM | OTCQB: MSMGF) has announced positive drill results from the first six drill holes of its maiden drill programme at the Eagle gabbro, located within the MM copper/nickel project in southeastern Manitoba.
The goal of Grid’s current drill programme is to test for the existence, grade, and potential for lateral continuity of near-surface, copper-rich magmatic mineralization within the 4km target trend. The initial drilling intersected an outcropping, moderately to steeply dipping zone of copper-rich magmatic sulphide mineralization averaging 20-30m in width at two separate areas located 400m apart at the southern end of the target trend. The zone remains open along strike and at depth.
Drill holes EAG24-01 and -02 were drilled at the E15 target located 400m north of the historical New Manitoba occurrence and intersected significant widths of copper and nickel mineralization including 15.3m with 0.92% CuEq* (0.65% Cu and 0.11% Ni, from 63.75m) in hole 1 and 20.0m with 0.99% CuEq (0.61% Cu and 0.16% Ni, from 69.0m) in hole 2.
Drill holes EAG24-03 to 06 were drilled at the New Manitoba occurrence and returned similar or higher grades including 26.5m with 1.19% CuEq (0.78% Cu and 0.16% Ni, from 71.5m) in hole 5 and 25.0m with 1.47% CuEq (0.72% Cu and 0.35% Ni, from 63.0m) in hole 6.
Additionally, a further 12 holes have been completed including five at the New Manitoba area and six at the E15 target, where results are pending.
The completed drill holes define a discrete zone of disseminated chalcopyrite + pyrrhotite + pentlandite mineralization containing local, approximately one-metre-wide intervals of net-textured to massive magmatic sulphides with higher Ni and/or Cu grades (e.g., hole EAG24-06 intersected 0.75m with 2.37% Ni from 71.25m).
The mineralization at both the New Manitoba and E15 targets is part of a moderately to steeply dipping zone (the Eagle copper trend) that averages 20-30m in thickness and that remains open along strike and at depth.
Drilling will commence at the ACME target shortly, located ~2km northwest of the New Manitoba area, where no previous drilling has been completed and where similar copper-nickel sulphide mineralization has been confirmed by Grid in its 2024 summer field programme.
Dr. Dave Peck, P. Geo., Grid’s Vice President of Exploration, stated “Grid has embarked on an ambitious drill program targeting the 4km-long Eagle gabbro with the dual objectives of establishing the existence, grade and potential continuity of near-surface disseminated sulphide Cu/Ni mineralization and discovering localized, higher-grade massive Cu-Ni sulphide deposits. The Eagle gabbro is the easternmost part of the 20km long Mayville – Eagle Complex, which hosts Grids’ pit-constrained 32Mt Mayville Cu-Ni sulphide resource. With a successful drill programme, we will demonstrate the potential for the Eagle gabbro to host large additional tonnage of near surface copper-rich resources. Less than 5% of the prospective Eagle gabbro target area has previously been drilled with most of that drilling having been completed in the 1950’s, so this is an exciting opportunity to drill a highly prospective magmatic sulfide trend using modern exploration methods. The initial drilling and new geophysical survey results support our view that the Eagle gabbro is highly prospective for hosting a significant magmatic sulphide deposit(s).”
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