Commences Metallurgical Study At Ontario Palladium Property
Grid Metals Corp.(TSXV:GRDM) has received promising new drilling results from an additional three holes from the Central Parisien Lake target area on its East Bull Lake palladium project, located near Sudbury, Ontario.
The three step out holes are located between 30 metres and 250m away from discovery hole EBL20-13. Significant widths of anomalous palladium and copper sulphide mineralisation were encountered in drill holes, including 77, of 0.81 g/t palladium equivalent grade (Pd Eq) in EBL21-04.
Vice-President of Exploration and Business Development, Dr Dave Peck, said narrower, higher grade intervals were also intersected including 2.0m of 5.39 g/t Pd Eq in EBL21-05.
Grid Metals has also revealed that it has commenced a metallurgical study to confirm the potential for generating a palladium-rich sulphide concentrate from representative core samples from the Parisien Lake area.
A composite drill core sample from 2020 and 2021 core samples from the Central Parisien Lake target area has been prepared in order to conduct initial metallurgical test work to characterize the potential to produce a saleable palladium concentrate. The company has signed an initial scope of work with XPS Expert Process Solutions – a Glencore Company, to complete the test work.
“The new results continue to demonstrate the potential for a significant, near-surface palladium deposit in the Central Parisien Lake target area,” Dr Peck said.
“EBL21-06 is a notable drill intercept as it was a significant step out hole to the west, which expands the size of the mineralised target area.”
Dr Peck said company’s winter drilling programme is now completed. Thirteen holes were drilled at the Central Parisien Lake target and another two holes were drilled in a new target area located approximately 400m to the south.
The new drilling at the Central Parisien Lake target includes step out holes to both the east and west of discovery hole EBL20-13, which intersected 119m averaging 1.13 g/t Pd Eq.
Geological logging data indicate that the Inclusion-bearing Zone – the principal host to palladium mineralization at East Bull Lake, is present in all 14 holes.
This information, combined with 2020 and historical drilling results in the area, expands the Central Parisien Lake palladium zone to >1.7 km in length and up to 500m in width. The zone remains open to both the east and west, and down dip to the northwest.
