Grid Metals Corp Announces Strong Second Wave of Results From the Main Dyke Lithium Drilling

Nickel, Manitoba, Grid Metals, GRDM.V
Grid Metals Corp., Wednesday, February 1, 2023, Press release picture

Grid Metals Corp (TSXV:GRDM)(OTCQB:MSMGF) (the “Company”) today reported results from an additional five (5) holes at its Donner Lake Lithium Property (the “Property”), located in the Bird River Greenstone Belt of southeastern Manitoba. The holes are part of an ongoing resource delineation drilling program at the Main Dyke. All delineation holes from the current campaign have intercepted significant, high grade lithium values in the Main Dyke and, locally, in at least three proximal sub-parallel dykes that were not previously known. Donner Lake is currently a 75% / 25% joint venture with Lithium Royalty Corp. Grid has an MOU in place with Tantalum Mining Corporation of Canada Limited focused on creating a toll milling operation to process spodumene-bearing pegmatites from Grid’s Donner Lake Property. read more

Grid Metals Corp Announces Initial Drill Results at Donner Lake Lithium Property, Se Manitoba

Nickel, Manitoba, Grid Metals, GRDM.V
Drill HoleUTM EUTM NZone IntervalAssays
AzimuthDipFrom (m)To (m)Li2O %Interval (m)
GDL22-19147°-45317627561028645.246.11.70.8
160.4163.81.73.4
GDL22-20147°-70317627561028681.482.81.71.4
224.2227.01.52.8
GDL22-21147°-453175565610213116.3120.71.64.4
GDL22-22147°-703175565610213164.2169.81.05.6
GDL22-23147°-45317464561009775.277.71.52.5
GDL22-24147°-703146475610097108.0117.51.49.5
145.0147.81.52.7

Grid Metals Corp (TSXV:GRDM)(OTCQB:MSMGF) (the “Company”) is pleased to announce the results for the initial six holes of an ongoing exploration and resource delineation drilling program at its Donner Lake Lithium Property (the “Property”), located in the Bird River Greenstone Belt of southeastern Manitoba, 150 kilometers from Winnipeg. The holes targeted the Main Dyke pegmatite and included intersections of 9.5 metres of 1.4% Li2O, 4.3 metres of 1.6% Li2O and 3.4 metres of 1.7% Li2O. Drilling has now covered a strike length exceeding 800 metres and to a vertical depth of up to 250 metres. Donner Lake is a 75% / 25% joint venture with Lithium Royalty Corp. read more

Grid Metals Corp Commences Drilling at Donner Lake Lithium Property

Nickel, Manitoba, Grid Metals, GRDM.V
Grid Metals Corp., Tuesday, November 8, 2022, Press release picture

Grid Metals Corp (TSXV:GRDM)(OTCQB:MSMGF) (the “Company”) today provided an overview of its drilling plans for its Donner Lake Lithium Property (the “Property”), located in the in the Bird River Greenstone Belt of southeastern Manitoba. The first of two rigs to be utilized during the program has commenced drilling at the Property. The drill program will focus on resource delineation on two spodumene-bearing pegmatite dykes (Main and Northwest dykes) and initial exploration of several additional pegmatite targets. The property is a 75%/25% joint venture between Grid Metals Corp. and Lithium Royalty Corp. read more

Drilling Underway At Grid Metals Manitoba Nickel Targets

Grid Metals, GRDM.V

Grid Metals Corp. (the “Company“) (TSXV:GRDM)(OTCQB:MSMGF) today provided a shareholder update with respect to its nickel-copper-cobalt-PGM and lithium exploration and development projects in Manitoba and Ontario. The Company has commenced drilling at its advanced exploration stage Makwa Nickel property in southeastern Manitoba and 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 meter exploration and resource delineation drilling program on the nearby Mayville lithium property, targeting multiple lithium-rich pegmatite dyes (the “Donner Lake pegmatites”) that have been identified to date. read more

Grid Metals Corp. Closes Cad $6.3 Million Funding Agreements With Lithium Royalty Corp.

Grid Metals, GRDM.V

 GRID METALS CORP. (TSXV:GRDM)(OTCQB:MSMGF) ( “Grid ” or the “Company”) today announced it has closed its previously announced financing ( the “Transaction”) with Lithium Royalty Corp. (“LRC”) (a leading pure play battery royalty and streaming company). The Transaction consists of a private placement financing, royalty sales on two properties pertaining to lithium minerals and asset sales of 25% interests in lithium rights on the two properties ( Mayville Lithium and Campus Creek) Total funding to Grid in connection to the proposed Transaction is approximately CAD$6.3 million. The working capital of Grid has increased to approximately $ 8.8 million. read more

Grid Metals Corp. Provides Update on CAD $6.3 Million Funding Agreement with Lithium Royalty Corp

Grid Metals, GRDM.V

GRID METALS CORP. (TSXV:GRDM)(OTCQB:MSMGF) ( “Grid ” or the “Company”) today announced it has received conditional approval from the TSX Venture Exchange (“TSXV”) for the private placement financing, royalty sales and asset sales ( the “Transaction”) entered into with Lithium Royalty Corp. ( “LRC”) ( a leading pure play battery royalty and streaming company ). The Transaction was announced on November 17, 2021. Total funding to Grid in connection to the proposed Transaction is approximately CAD$6.3 million. read more