Adds PGE And Nickel Sulphide Specialist To Team
Grid Metals Corp.(TSX.V:GRDM) has intersected strong palladium intersections in its first three holes from the Q1 2021 programme at its 100% owned East Bull Lake (EBL) palladium property in Ontario.
The company resumed drilling in January, following up on encouraging drilling results from its northern fall 2020 campaign.
Grid also announced that Dr. Reid Keays, an internationally renowned expert on PGE and nickel sulpide deposits, has joined Grid Metals as a Senior Technical Advisor.
Significant results from the first three holes from the ongoing northern winter drilling programme are:
- 54.0m averaging 1.05 g/t palladium equivalent grade (Pd Eq) in hole EBL21-01 including 3.0 metres of 3.04 g/t Pd Eq
- 24.0m averaging 0.94 g/t Pd Eq in hole EBL21-02 including 2.0 metres of 2.34 g/t Pd Eq
- 40.3m averaging 1.15 g/t Pd Eq in hole EBL21-03 including 2.30 metres of 3.23 g/t Pd Eq
Vice-President of Exploration and Business Development, Dr Dave Peck, said these three holes represent short step outs from discovery hole EBL20-13 (119m of 1.1 g/t Pd Eq) reported last December.
“We continue to intersect good widths of palladium mineralisation in the Central Parisien Lake target area. We will be assessing all of the new drilling results over the coming weeks and begin making plans for a summer field programme and the next phase of exploration drilling on the Property,” Dr Peck said.
“With over 20 km of prospective strike length to explore, the continued refinement of our exploration methodologies is a critical step toward meeting our ultimate objective of delivering one or more discoveries having the size and grade required for potential extraction.”
The company resumed drilling on the Property on January 21 and expects to complete over 3,000m in approximately 15 holes before the end of the month. Drilling is focussed on the Central Parisien Lake target area.
Drilling is targeting a >1 km long geophysical anomaly (resistivity low) with favourable geology and historical outcropping palladium mineralisation. This is the first area that the company has focussed on since resuming exploration at East Bull Lake in the spring of last year.
Several other similar target areas existing on the Property remain to be drilled. Each of these has comparable size, prospective geology, outcropping mineralisation styles and geophysical anomalies to those observed in the Central Parisien Lake area.
