Metal Energy Corp. (TSXV: MERG) has received high-grade assay results from five drill holes of the Phase Two drill programme on the high-grade nickel and copper-cobalt Manibridge project in the Thompson Nickel Belt, Manitoba. Phase Two’s 10,000m drill programme was just completed in December 2022.
“The individual results are encouraging, but the composite results, with up to 65% of the host rock being mineralized, demonstrate possible bulk tonnage potential at Manibridge that was never considered previously,” CEO, James Sykes, said.
“These assay results demonstrate that high-grade nickel sulphide mineralization at Manibridge is continuous on strike and along dip, and that there are multiple wide zones of mineralization within the host rock. Four of the drill holes (MNB024 to MNB028A) were drilled on the same section as drill hole MNB003 (highlight of 0.81% Ni eq over 13.5m) for a total of approximately 170m of mineralization defined in the dip extent dimension and open at depth.
Drill holes MNB028A and MNB026 are two of the top four reported drill holes we’ve completed at Manibridge during the drill program, highlighting that mineralization continues to increase as we continue drilling towards the old mine workings,”
Manibridge Phase 2 Assay Results
Drill holes MNB026 and MNB028A intersected thick accumulations of composite mineralization defined over 85m and 120m drill hole lengths with 63% and 46% of those intervals being mineralized, respectively. The ultramafic/mafic host rocks are typically 50m to 150m thick with an average 30% of those intervals enriched with nickel sulphide mineralization.
The assay results released to date highlight that mineralization is continuous over 170m along strike and between 100m to 200m in the dip direction.
Mineralization occurs as disseminations, net-textured, brecciated, remobilized in foliations and shears, and vein-hosted within the mafic to ultramafic host rocks.
Mineralization defined in the programme is shallow with true vertical depth to mineralization ranging from 120m to 300m beneath the surface, average depth of 195m. These results demonstrate the shallow nature of potential near-surface development.
Drill hole MNB022 was re-sampled based on encouraging spot sample results (0.1m intervals). The intervals from 187.5m to 189.5m and 194.5m to 196.5m are the re-sampled intervals with assay results exceeding 0.3% Ni over 0.5 m of continuous mineralization. All other spot sample results after re-sampling in larger intervals were below the company’s reporting cutoffs.
Assay results for drill holes MNB029 to MNB040A are still pending and will be reported after the data has been received, reviewed, and approved.
The company is preparing a detailed video to put the results received to date into context and what they mean with respect to global nickel deposits.
For further information please visit: https://metalenergy.ca/
