Grid Metals Corp. (TSXV:GRDM) has obtained positive final drill results from the completion of the Northwest Dyke drill programme at the Donner Lake Lithium Property in Manitoba, Canada.
The company has now received all assays from the winter drilling programme which will be incorporated into the upcoming maiden resource estimate expected before the end of Q2/23. SGS Canada has been retained by the company to complete the estimate which will include both the Main and Northwest Dykes.
Highlights:
- Visible spodumene mineralization noted in all drill holes in the core area of the dyke.
- Northwest Dyke remains open at depth and along strike to the south (current strike length of approximately 715m).
- Apparent widths of up to 10m identified at 185m below surface.
- The Northwest Dyke is exposed at surface and recent resource drilling has projected the lithium bearing pegmatite to at least 300m below surface.
Drilling highlights include:
GDL 23-68: 5.9m of 1.59% Li2O starting at 14.5m
GLD 23-74: 6.9m of 1.56% Li2O starting at 59.1m
GDL 23-78: 10.7m of 1.13% Li2O starting at 185.2m
GDL 23-81: 6.7m of 1.60% Li2O starting at 54.2m
GDL 23-84: 5.0m of 1.37% Li2O starting at 262.7m
“We are pleased to report the final assays from the recently completed Northwest Dyke drill programme,” CEO, Robin Dunbar, said.
“The results highlight strong continuity of mineralization across the core area of the dyke with the pegmatite remaining open at depth and to the south along strike. We look forward to releasing a maiden resource estimate at Donner Lake before the end of this quarter that will include the 2023 resource drilling at both the Main and Northwest dykes.”
Following on drilling competed in 2022, the 2023 NW Dyke resource drilling programme included 19 holes for a total of 4,379m. In total 66 resource drill holes were completed in 2023 for a total of 17,696m at the Main Dyke and Northwest Dyke.
Project Plans
- SGS Canada Inc. has been retained by the company to complete a resource estimate in compliance with National Instrument 43-101.
- The company has completed an initial metallurgical testwork programme at XPS Metallurgical Laboratories with results expected shortly.
- The company plans to formally submit an Advanced Exploration Permit to the Manitoba government which would allow for the completion of a bulk sample at Donner Lake.
- The company has also sent test sample work to the Tanco Mine to ensure there is metallurgical congruency for the pending bulk sample.
- The company has a pre-production MOU with Tantalum Mining Corporation of Canada. Discussions with Tanco are ongoing to enable toll mining of Donner Lake ore at the Tanco Mine site – one of two producing lithium mines in Canada.
- The company has new geochemical and geophysical survey data to define several new exploration targets on the Property that will be validated and explored this upcoming field season prior to initial drill testing.
For further information please visit: https://gridmetalscorp.com
