Metal Energy Corp. (TSXV: MERG) is pleased to announce it has received a three-year Work Permit from the province of Manitoba to allow for 100,000m of diamond drilling on the high-grade nickel and copper Manibridge Project in the Thompson Nickel Belt of Manitoba.
“This is a big step forward for Metal Energy as operators advancing Manibridge. The Permit provide us the necessary approval to continue definition drilling of the Manibridge Mine target, expanding on the Manibridge North high-grade nickel deposit, and drill testing kilometres of prospective greenfield exploration targets over the next three years,” CEO, James Sykes, said.
“We are optimistic that there are more high-grade nickel and copper greenfield discoveries to be made on the Project. Still, we are more confident that the historic Manibridge Mine target has significant growth opportunities for a viable nickel-copper resource.
“We are weeks away from starting Phase Two’s 10,000 metre summer drill campaign, which is largely focused on delineating a resource on the Manibridge Mine target.”
10,000m Phase Two Drill Programme on Manibridge
Preparations for Manibridge’s Phase Two 10,000m diamond drill programme are underway, with Metal Energy now acting as operator of the Project. The drilling contractor, accommodations, support services, and the Permit have all been secured. The company anticipates mobilisation of the drill programme during the first days of June.
The company has approximately $5.5 million in cash and is fully-funded to carry out the Phase Two drill program.
Recently Completed Phase One Drill Program on Manibridge
The recently completed Phase One drill campaign included six drill holes (MNB001 to MNB006) for over 2,350 metres. All drill holes successfully intersected nickel-copper sulphide mineralisation; assay results are pending.
Confirmation of nickel-copper sulphides ranged from 3.7 m thickness to 16.8 m thick, including a couple of drill holes intersecting small occurrences of massive net-textured sulphides. For full details, see Metal Energy news release dated May 2, 2022.
For further information please visit: https://metalenergy.ca/
