Grid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF) has confirmed it is undertaking a range of activities on its nickel-copper-PGM sulphide and lithium pegmatite exploration properties. 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.
Highlights
- An initial ten drill holes have been completed at the Makwa nickel sulphide project targeting near resource exploration targets. Initial assays expected to be released before the end of February 2022.
- Drilling has commenced with two holes now completed at the Donner Lake lithium project. initial results from the first hole are expected in March 2022. In addition the company has hired Mr. Carey Galeschuk P. Geo., an experienced lithium geologist as Vice President Lithium. Mr Galeschuk has authored several publications on lithium exploration and is currently overseeing the Manitoba exploration programmes.
- Final drilling results have been received from the Bannockburn nickel sulphde project located in the Timmins mining district in north-eastern Ontario – final assays are expected to be released in a separate press release.
- A detailed review of 2020 and 2021 exploration results from the East Bull Lake Palladium property has been undertaken with initial findings enhancing the potential for discovering both nickel-rich and copper + PGM-rich massive sulphide deposits at the property, based on strong similarities to the nearby Sudbury nickel sulphide deposits
- Grid has received final mineral title (via Mineral Exploration Licences or MELs) for the acquisition of the western part of the Fox River Belt (Raglan-type targets) and Thompson East (Nova Bollinger-type targets) located in northern Manitoba. An independent compilation for the Fox River MELs has been completed with initial exploration targeting underway. The MELs are considered by Grid to be one of the few remaining camp scale nickel opportunities available in North America. Grid will look to find a funding partner for this project.
For further information please visit: https://gridmetalscorp.com/
