Grid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF) has commenced drilling at its advanced exploration stage Makwa Nickel property in south-eastern Manitoba, Canada.
The company 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 metre exploration and resource delineation drilling programme on the nearby Mayville lithium property, targeting multiple lithium-rich pegmatite dyes that have been identified to date.
Makwa and Mayville Winter Drilling Programme
Drilling 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 nine 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 Sulphide 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 contractor for the project and there are presently two drills at site.
Following completion of the Makwa nickel drilling exploration drilling will commence on multiple lithium pegmatite targets referred to as the Donner Lake pegmatite project.A >8,000 metre program targeting three main clusters of mapped and/or drill defined lithium-enriched pegmatite dyke sets is planned for completion before the spring thaw commences. Drilling includes exploration drilling on two of the dyke sets and initial resource drilling one of the dyke sets (the “Main Dyke” and adjacent pegmatites which were previously drilled by the company in 2018.
Grid Metals’ Nickel-Copper-PGM Portfolio
Grids Nickel-Copper-PGM-Cobalt portfolio currently consists of:
- The Mayville Ni-Cu-PGM Co Project (comprising the PEA-stage Makwa and Mayville Ni-Cu-Co-PGM sulphide deposits );
- The Bannockburn Nickel Property (a bulk tonnage disseminated nickel property near Timmins);
- The East Bull Lake Palladium Property located near Sudbury.
- Manitoba Exploration Licences – the Company has successfully applied for several exploration licences in northern Manitoba covering: (i) over 90 km of the western part of the Fox River Belt – a direct analogue of the Raglan Nickel Mining Camp in Northern Quebec; and, (ii) two nickel targets located in a granulite facies terrain located ~30 km east of the Thompson nickel mining operations and the Thompson Nickel Belt which , include both Nova Bollinger-type and Thompson Belt-type Ni-Cu-PGM-Co prospects.
Grid Metals’ Lithium Assets
Grid’s lithium assets include the Donner Lake Lithium Project located in the northern limb of the Bird River Greenstone Belt in southeast Manitoba and the Campus Creek property located 245 km northwest of Thunder Bay, near the town of Ignace. Both properties are subject to a 75/25 joint venture interest with Lithium Royalty Corp. Grid’s lithium assets will be transferred to a wholly-owned subsidiary with a corporate objective being to monetize part or all the lithium portfolio during the current strong lithium market.
The Donner Lake Lithium Project hosts numerous spodumene-bearing pegmatites which appear to have intruded into northeast-striking structures within a laterally extensive contact zone between the Bird River greenstone belt in the north and a major granitic batholith terrane to the south.
For further information please visit: https://gridmetalscorp.com/
