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TORONTO, ON / ACCESSWIRE / May 12, 2022 / Grid Metals Corp. (the “Company“) (TSXV:GRDM)(OTCQB:MSMGF) is pleased to report results for three additional holes from the recently completed Phase 1 drill program at its Donner Lake Lithium property in southeastern Manitoba. The property is located in the Winnipeg River pegmatite field, which hosts the world-class Tanco pegmatite. The Donner Lake Lithium Property is a 75%/25% joint venture between Grid Metals Corp and Lithium Royalty Corp., a leading player in global lithium finance.
Note that the Northwest Dyke intersection lengths reported above do not represent the true thickness of the dyke, which is estimated to typically range from 4 to 8 metres, representing 50-70% of the reported intersection lengths. Complete analytical results for hoes GDL22-4, -08 and -09, together with drill hole specifications for these and previously reported holes, are provided in the Appendices accompanying this release. Hole locations are shown on the accompanying plan view map and longitudinal section.
Above: 2022 drill hole locations from the Northwest Dyke exploration program at the Donner Lake Lithium Property showing the current surface projection of the main pegmatite body (thick pink line) and the Li2O grades obtained for previously reported (GDL22-01 to 03, GDL22-12 and 13) and newly reported (GDL22-04, 08 and 09) holes.
Mr. Carey Galeschuk, Grid’s Vice President, Lithium Exploration, stated, “Grid is pleased to see very consistent and high grade lithium values at the Northwest Dyke from our recently completed drilling. With continued success we will focus on rapidly establishing a maiden resource from both the Northwest and Main Dykes at the Donner Lake Property. We also see great upside in the exploration potential of the property as the Winnipeg River pegmatite field hosts the world class Tanco Pegmatite and Canada’s only producing lithium mine. We will shortly be announcing plans for a property-wide geological mapping and geochemical survey program to enable the discovery of other lithium-bearing pegmatites on the Donner Lake property.”
About the Donner Lake Lithium Property
Quality Assurance and Quality Control
Grid Metals applies best practice quality assurance and quality control (“QAQC”) protocols on all of its exploration programs. For the Donner Lake drilling program, core was logged and sampled at the Company’s core facility located on the Makwa Property. Generally, 1.0 metre sample lengths were used. Samples were bagged and tagged and then transported by secure carrier to the Actlabs (Thunder Bay) laboratory for sample preparation and analysis for lithium, cesium, tantalum and selected major and trace element abundances using a sodium peroxide fusion total digestion method followed by ICP-OES and ICP-MS analysis. The Company is using two lithium + rare metal certified reference materials (“CRMs”) and two analytical blanks for the Donner Lake program to monitor analytical accuracy and check for cross contamination between samples.
Dave Peck, P.Geo., has reviewed the contents of this press release and is the qualified person for purposes of National Instrument 43-101.
Grid Metals Corp. has a portfolio of exploration and development stage properties focused on battery metals, all of which are located in the Provinces of Manitoba and Ontario, Canada. It has recently completed drilling at its Makwa Nickel Project as well as the Donner Lake Lithium Property.
To find out more about Grid Metals Corp., please visit www.gridmetalscorp.com.
On Behalf of the Board of Grid Metals Corp. Robin Dunbar – President, CEO & Director Telephone: 647 201 6844 Email: [email protected] David Black – Investor Relations Email: [email protected] 416 955-4773
Above: Longitudinal section, looking west, showing relative 3D position of the February-April 2022 drill hole pierce points into the Northwest Dyke, Donner Lake Lithium Property.
Above: Location of Donner Lake Lithium Project – 180 km northeast of Winnipeg, Manitoba Canada.
Above: Area of the Northwest (NW) and Main Dykes at the Donner Lake Lithium Property.
Above: Currently known LCT-type pegmatite dykes at the Donner Lake Lithium Property.
Appendix 1: Analytical Results, Drill Hole GDL22-04, Northwest Pegmatite Dyke, Donner Lake Lithium Property, Southeastern Manitoba.
Appendix 2: Analytical Results, Drill Hole GDL22-08, Northwest Pegmatite Dyke, Donner Lake Lithium Property, Southeastern Manitoba.
Appendix 3: Analytical Results, Drill Hole GDL22-09, Northwest Pegmatite Dyke, Donner Lake Lithium Property, Southeastern Manitoba.
Appendix 4: Specifications for the drill holes reported in this news release, Northwest Pegmatite Dyke, Donner Lake Lithium Property, Southeastern Manitoba. Easting and northing coordinates are based on a NAD83 UTM Zone 15 projection. Length values are core intervals for the Northwest Dyke. From values are the upper contact depths. The true thickness of the dyke is estimated to range from 50 to 70% of the reported core lengths.
View source version on accesswire.com: https://www.accesswire.com/701044/Grid-Metals-Reports-New-High-Grade-Lithium-Mineralization-at-Donner-Lake
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