Grid Metals Corp. (the “Company“) (TSXV:GRDM)(OTCQB:MSMGF) today provided an update on its nickel-copper-PGM sulfide and lithium pegmatite exploration properties. The exploration properties are located in highly active mining and exploration districts in Manitoba and Ontario. The Company in January completed a financing transaction comprising a sale of 25% of its lithium properties, a royalty and a private placement with Lithium Royalty Corp. for net proceeds of C$ 6.3 million.read more
MAYVILLE LITHIUM PROPERTY 2018 MAIN DYKE DRILL RESULTS
Drill Hole
From (m)
To (m)
Interval (m)
Li2O (%)
Cs2O (%)
Rb2O (%)
Ta (ppm)
Fe (%)
Comment
MLI-18-01
14.68
18.48
3.80
1.7
0.05
0.42
133.6
0.13
Previously released
MLI-18-02
36.75
39.63
2.88
1.6
0.03
0.32
120.3
0.28
Previously released
MLI-18-03
78.67
84.08
5.41
1.5
0.05
0.42
142.3
0.70
Previously released
MLI-18-04
148.04
151.83
3.79
1.4
0.03
0.33
108.4
0.16
Initial disclosure
MLI-18-05
85.2
85.77
0.57
1.6
0.02
0.19
152.0
0.36
Initial disclosure
and
99.7
102.98
3.28
1.7
0.04
0.33
124.0
0.19
Initial disclosure
MLI-18-06
81.24
83.9
2.66
1.8
0.03
0.30
143.1
0.17
Initial disclosure
MLI-18-07
75.50
78.88
3.38
1.8
0.03
0.42
174.2
0.10
Initial disclosure
MLI-18-08
66.98
69.88
2.90
1.5
0.03
0.45
179.9
0.12
Initial disclosure
and
70.45
71.3
0.85
1.8
0.03
0.34
187.0
0.32
Initial disclosure
MLI-18-09
50.47
53.03
2.56
1.3
0.04
0.30
196.8
0.21
Initial disclosure
MLI-18-10
106.35
107.00
0.65
0.4
0.02
0.20
118.0
0.15
Initial disclosure
Grid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF) (the “Company”) is pleased to announce previously unreported drilling results for its Main Dyke lithium pegmatite target located immediately south of the Company’s Mayville Cu-Ni-Co-PGM deposit in the Bird River greenstone belt of southeastern Manitoba. Results of the drilling identified high grade lithium, cesium and tantalum values (including 1.8% Li 2 O over 3.38m) in a continuous spodumene bearing pegmatite dyke with a minimum strike length of 775 meters. Highlights of the drilling and project are:read more
