Grid Metals Provides Exploration and Corporate Update for Nickel and Lithium Properties

Grid Metals, GRDM.V

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

Grid Provides Manitoba Project Update: Releases High Grade Lithium Drill Intercepts from the Main Dyke Pegmatite; Announces Drilling Plans for Ni-Cu-Co-PGM, Lithium and PGE Projects

Grid Metals, GRDM.V
MAYVILLE LITHIUM PROPERTY
2018 MAIN DYKE DRILL RESULTS
Drill
Hole
From
(m)
To
(m)
Interval
(m)
Li2O
(%)
Cs2O
(%)
Rb2O
(%)
Ta
(ppm)
Fe
(%)
Comment
MLI-18-0114.6818.483.801.70.050.42133.60.13Previously released
MLI-18-0236.7539.632.881.60.030.32120.30.28Previously released
MLI-18-0378.6784.085.411.50.050.42142.30.70Previously released
MLI-18-04148.04151.833.791.40.030.33108.40.16Initial disclosure
MLI-18-0585.285.770.571.60.020.19152.00.36Initial disclosure
and99.7102.983.281.70.040.33124.00.19Initial disclosure
MLI-18-0681.2483.92.661.80.030.30143.10.17Initial disclosure
MLI-18-0775.5078.883.381.80.030.42174.20.10Initial disclosure
MLI-18-0866.9869.882.901.50.030.45179.90.12Initial disclosure
and70.4571.30.851.80.030.34187.00.32Initial disclosure
MLI-18-0950.4753.032.561.30.040.30196.80.21Initial disclosure
MLI-18-10106.35107.000.650.40.020.20118.00.15Initial 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