Grid Metals: New Excessive-Grade Lithium Intersections at Donner Lake Lithium Challenge; Subject Program Underway

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TORONTO, ON / ACCESSWIRE / June 21, 2022 / Grid Metals Corp. (the “Firm“) (TSXV:GRDM) (OTCQB:MSMGF) is happy to report further drilling outcomes from the Part 1 drill program at its Donner Lake lithium property (the “Property“) in southeastern Manitoba. As well as, the Firm has began area work on the Property that may initially concentrate on sampling of a number of beforehand mapped pegmatite dykes. The venture is situated within the Winnipeg River pegmatite area, which hosts the world-class Tanco pegmatite and the related Tanco lithium-cesium-tantalum mine and concentrator. The venture is a 75%/25% three way partnership between Grid Metals Corp and Lithium Royalty Corp., a number one participant in world lithium finance.

Drilling Highlights:

  • New drill intersections of the Northwest Dyke embody the next length-weighted common grades:

    • 8.2 metres averaging 1.53% Li2O in GDL22-07 (from 103.5 metres) together with 5.5 metres averaging 1.96% Li2O
    • 14.6 metres averaging 1.25% Li2O in GDL22-11 (from 141.7 metres) together with 5.8 metres averaging 1.74% Li2O
    • 3.26 metres averaging 1.88% Li2O in GDL22-14 (from 178.8 metres)

  • Anomalous cesium and tantalum values had been additionally encountered within the new holes together with most particular person pattern grades of 2850 ppm Cs2O (GDL22-11) and 509 ppm Ta2O5 (GDL22-10).

The Northwest Dyke has been traced by drilling for ~600 metres alongside strike and to a vertical depth of ~250 metres. It’s the second drill-defined LCT sort pegmatite with important strike size on the Donner Lake property. Comparable lithium grades had been beforehand reported for the Firm’s 2018 drill holes focusing on the Major Dyke, which is situated ~1.5 km to the east of the Northwest Dyke. Be aware that the Northwest Dyke intersection lengths reported above don’t signify the true thickness of the dyke, which is estimated to usually vary from 4 to eight metres, representing 50-70% of the reported intersection lengths. Full analytical outcomes for hoes GDL22-07, -10, -11 and -14, along with drill gap specs for these and beforehand reported holes, are offered within the Appendices accompanying this launch. Gap areas are proven on the accompanying plan view map and longitudinal part. Core photographs from the newly reported holes are included under.

Subject Program Underway

The Firm has mobilized geological crews to the property to pattern the recognized pegmatite dykes on the property. Recognized pegmatite dykes embody the West Dyke swarm, the South Dykes and a number of other different pegmatites on the east a part of the property that had been mapped by Grid in 2012. A map exhibiting the placement of the goal dykes is connected. Comply with up work will embody a lithogeochemical survey to vector to unexposed LCT sort pegmatites.

The property is considered by Grid as very potential for different lithium bearing LCT sort pegmatite dykes. The main focus is on figuring out new drill targets to enrich the Northwest and Major Dykes which have been the goal of drilling thus far.

Above: Map exhibiting location of mapped pegmatites on Grid’s Mayville – Donner Lake declare block.

Mr. Carey Galeschuk, Grid’s Vice President, Lithium Exploration, said,We proceed to see persistently good widths of high-grade lithium from the current Northwest Dyke drilling. Along with our drilling we glance to quickly progress the Donner Lake discovery course of with the identification of recent drill targets within the area. With the mix of outcomes thus far, geological prospectivity and entry to infrastructure we view the venture as having nice potential.”

High quality Assurance and High quality Management

Grid Metals applies finest follow high quality assurance and high quality management (“QAQC”) protocols on all of its exploration packages. For the Donner Lake drilling program, core was logged and sampled on the Firm’s core facility situated on the Makwa Property. Usually, 1.0 metre pattern lengths had been used. Samples had been bagged and tagged after which transported by safe provider to the Actlabs (Thunder Bay) laboratory for pattern preparation and evaluation for lithium, cesium, tantalum and chosen main and hint factor abundances utilizing a sodium peroxide fusion whole digestion technique adopted by ICP-OES and ICP-MS evaluation. The Firm is utilizing two lithium + uncommon metallic licensed reference supplies (“CRMs”) and two analytical blanks for the Donner Lake program to observe analytical accuracy and examine for cross contamination between samples.

Dave Peck, P.Geo., has reviewed the contents of this press launch and is the certified particular person for functions of Nationwide Instrument 43-101.

In regards to the Donner Lake Lithium Property

  • The Property is owned 75% by Grid Metals Corp. and 25% by Lithium Royalty Corp. (LRC), which is funding 25% of the present exploration program. LRC holds an overriding 2% royalty on the property.
  • The Property was acquired by Grid from Tantalum Mining Company of Canada Restricted (Tanco) which has the primary proper to amass merchandise produced from the property at industrial phrases and holds a 2% royalty on sure claims.
  • Sinomine Canada is at the moment working a lithium spodumene circuit at its Tanco Mine facility, situated roughly 35 km to the southwest of the Donner Lake Property.
  • Donner Lake is simply 180 km from the provincial capital of Winnipeg and accessible by all season roads and logging trails and there may be close by entry to Canada’s main east-west railway line.
  • Grid Metals has an exploration settlement in place with the Sagkeeng First Nation, whose Conventional Lands embody the Donner Lake and Mayville properties.
  • The Property has close by entry low-cost renewable energy from Manitoba’s intensive hydro-electric grid.
  • There are a number of LCT-type pegmatite dykes on the Property together with the Major Dyke that, in 2018, was drill examined by Grid over a ~1 km strike size. The dykes are situated alongside a ~9 km lengthy potential geological contact between the Chook River greenstone belt and the Makwa Lake batholith and occupy apparent structural developments.
  • The Major Dyke and Northwest Dyke collectively supported a non-compliant historic useful resource estimate of three.8 million tons at a grade of 1.28% Li2O (Manitoba Mines Department Evaluation file 91769A). This useful resource estimate can’t be independently verified by the Firm. The Firm is seeking to full resume drilling later this 12 months to ascertain a maiden NI 43-101 lithium useful resource and proceed exploration for different LCT-type pegmatites on the Property.
  • The Property is considerably underexplored with a big portion of the possible geology having seen no prior lithium exploration.

About Grid Metals Corp.

Grid Metals Corp. maintains a gorgeous portfolio of exploration and improvement stage properties targeted on battery metals (nickel, lithium, copper, cobalt, platinum group metals cobalt) and emission discount applied sciences (palladium, platinum, rhodium) within the Provinces of Manitoba and Ontario, Canada. The Firm is at the moment targeted on advancing each its Donner Lake lithium and its PEA stage Makwa-Mayville Cu-Ni-PGM-Co property in southeastern Manitoba.

To search out out extra about Grid Metals Corp., please go to www.gridmetalscorp.com.

On Behalf of the Board of Grid Metals Corp.
Robin Dunbar – President, CEO & Director
Phone: 647 201 6844 E-mail: This e mail handle is being protected against spambots. You want JavaScript enabled to view it.
David Black – Investor Relations E-mail: This e mail handle is being protected against spambots. You want JavaScript enabled to view it. 416 955-4773

Junior Mining NetworkAbove: 2022 drill gap areas from the Northwest Dyke exploration program on the Donner Lake Lithium Property exhibiting the present floor projection of the primary pegmatite physique (thick pink line) and the Li2O grades obtained for beforehand and newly reported (bigger font) holes.

Junior Mining NetworkAbove: Longitudinal part, wanting west, exhibiting relative 3D place of the February-April 2022 drill gap pierce factors into the Northwest Dyke, Donner Lake Lithium Property.

Junior Mining NetworkAbove: White spodumene blades in GDL-22-07 at 106.6 meters downhole.

Junior Mining NetworkAbove: Spodumene-quartz intergrowths (SQUI) from GDL-22-14 at 182.5 meters downhole.

Appendix 1: Analytical Outcomes, Drill Gap GDL22-07, Northwest Pegmatite Dyke, Donner Lake Lithium Property, Southeastern Manitoba.


















Pattern#

From (m)

To (m)

Size (m)

Li2O (%)

Ta2O5 (ppm)

Cs2O (ppm)

Rb2O (%)

AM753408

103.45

104.27

0.82

1.03

126

193

0.22

AM753409

104.27

104.37

0.10

0.69

0.9

356

0.17

AM753411

104.37

104.60

0.23

0.67

133

75.3

0.10

AM753412

104.60

105.52

0.92

0.76

125

194

0.31

AM753413

105.52

106.50

0.98

2.14

54.0

118

0.22

AM753415

106.50

107.50

1.00

1.52

60.9

159

0.28

AM753416

107.50

108.50

1.00

1.68

67.1

159

0.26

AM753418

108.50

109.50

1.00

2.11

33.2

82.7

0.17

AM753419

109.50

110.50

1.00

2.12

43.3

104

0.26

AM753421

110.50

110.98

0.48

2.39

42.5

92.2

0.16

AM753422

110.98

111.65

0.67

0.16

61.3

164

0.34

Interval Averages

             
 

103.5

111.7

8.2

1.53

69.2

142

0.24

inc.

105.5

111.0

5.5

1.96

50.9

122

0.23

Appendix 2: Analytical Outcomes, Drill Gap GDL22-10, Northwest Pegmatite Dyke, Donner Lake Lithium Property, Southeastern Manitoba. Be aware on this gap there have been a number of slender intercepts of mineralogically distinctive pegmatite dykes separated by inclusions of basalt. A slender intersection of the Northwest Dyke was encountered between 155.4m and 156.65m.
























Pattern#

From (m)

To (m)

Size (m)

Li2O (%)

Ta2O5 (ppm)

Cs2O (ppm)

Rb2O (%)

856486

148.30

148.66

0.36

0.04

370

97.5

0.13

856487

148.66

148.68

0.02

0.20

279

366

0.28

856488

148.68

149.95

1.27

0.02

206

97.5

0.14

856491

153.38

153.48

0.10

0.04

509

92.2

0.02

856494

154.56

154.75

0.19

0.62

178

201

0.28

856497

155.40

156.00

0.60

1.35

114

141

0.22

856498

156.00

156.65

0.65

1.28

105

191

0.29

856500

157.15

157.35

0.20

0.12

157

368

0.14

AM753309

173.90

174.07

0.17

0.06

118

94.4

0.10

AM753311

175.12

175.34

0.22

0.03

70.8

44.5

0.02

AM753318

179.15

179.52

0.37

0.02

164

90.1

0.07

AM753324

184.90

185.30

0.40

0.47

75.8

148

0.24

AM753325

185.30

185.60

0.30

0.28

88.0

157

0.26

AM753327

186.67

187.10

0.43

0.03

76.8

125

0.23

AM753332

201.35

201.90

0.55

0.04

61.7

476

0.43

               

Interval Averages

             

Granitic Dyke

148.30

149.95

1.65

0.03

243

101

0.14

NW Dyke

155.40

156.65

1.25

1.31

109

167

0.26

               

Appendix 3: Analytical Outcomes, Drill Gap GDL22-11, Northwest Pegmatite Dyke, Donner Lake Lithium Property, Southeastern Manitoba.































Pattern#

From (m)

To (m)

Size (m)

Li2O (%)

Ta205 (ppm)

Cs20 (ppm)

Rb2O (%)

AM752704

141.70

142.42

0.72

1.29

215

264

0.40

AM752706

142.42

142.80

0.38

0.13

1.70

109

0.05

AM752707

142.80

143.10

0.30

1.39

203

290

0.28

AM752708

143.10

143.25

0.15

0.81

75.0

2851

0.55

AM752709

143.25

144.00

0.75

1.80

230

480

0.40

AM752711

144.00

144.40

0.40

0.24

222

740

0.43

AM752712

144.40

145.00

0.60

1.62

233

392

0.37

AM752713

145.00

145.65

0.65

1.63

177

390

0.40

AM752714

145.65

146.25

0.60

0.29

3.85

342

0.11

AM752716

146.25

147.05

0.80

1.41

173

200

0.25

AM752717

147.05

147.65

0.60

0.56

155

335

0.27

AM752718

147.65

147.95

0.30

1.44

148

251

0.28

AM752719

147.95

148.80

0.85

0.22

89.6

145

0.23

AM752721

148.80

149.80

1.00

1.91

48.8

110

0.21

AM752722

149.80

150.85

1.05

1.35

79.9

142

0.28

AM752723

150.85

151.85

1.00

1.67

63.5

155

0.28

AM752724

151.85

152.85

1.00

1.71

74.2

174

0.29

AM752726

152.85

153.85

1.00

1.81

50.9

135

0.32

AM752727

153.85

154.65

0.80

2.10

51.0

119

0.24

AM752728

154.65

155.18

0.53

0.85

40.7

158

0.39

AM752729

155.18

156.31

1.13

0.29

84.3

144

0.31

               

Interval Averages

             
 

141.70

156.31

14.61

1.25

108

255

0.29

inc.

142.80

145.65

2.85

1.41

206

582

0.39

and

146.25

156.31

10.06

1.30

82.6

161

0.28

with

148.80

154.65

5.85

1.74

61.9

140

0.27

Appendix 4: Analytical Outcomes, Drill Gap GDL22-14, Northwest Pegmatite Dyke, Donner Lake Lithium Property, Southeastern Manitoba.















Pattern#

From (m)

To (m)

Size (m)

Li2O (%)

Ta (ppm)

Cs (ppm)

Rb2O (%)

AM752876

178.41

178.86

0.45

0.15

114

270

0.40

AM752877

178.86

179.86

1.00

0.21

76.5

241

0.26

AM752878

179.86

180.86

1.00

2.28

66.3

128

0.18

AM752879

180.86

181.90

1.04

1.87

51.4

119

0.21

AM752881

181.90

182.64

0.74

1.62

48.5

184

0.42

AM752883

182.64

183.12

0.48

1.47

43.3

116

0.19

AM752885

183.12

183.22

0.10

0.04

50.1

70.0

0.06

               

Interval Averages

             
 

178.86

183.22

4.36

1.46

59.1

159

0.25

inc.

179.86

183.12

3.26

1.88

54.1

136

0.25

Appendix 5: Specs for the drill holes reported thus far from the winter 2022 Northwest Pegmatite Dyke drill program, Donner Lake Lithium Property, Southeastern Manitoba. Easting and northing coordinates are primarily based on a NAD83 UTM Zone 15 projection. Depth values signify finish of gap depths. Size values are core intervals for the primary Northwest Dyke pegmatite. From values are the higher contact downhole depth of the Northwest Dyke. The true thickness of the dyke is estimated to vary from 40 to 70% of the reported core lengths.

















Gap ID

Easting

(m)

Northing (m)

Elevation (m)

Azimuth

Dip

Depth (m)

Size (m)

From (m)

GDL-22-01

315954

5610632

290

135°

-60°

131

15.8

86.0

GDL-22-02

315954

5610632

290

135°

-45°

215

9.4

55.9

GDL-22-03

315960

5610735

299

135°

-45°

179

5.5

160.4

GDL-22-04

315960

5610735

299

135°

-60°

248

10.3

234.1

GDL-22-07

315881

5610581

288

135°

-45°

104

8.1

103.6

GDL-22-08

315879

5610585

288

135°

-60°

260

15.6

163.1

GDL-22-09

315842

5610520

290

135°

-45°

143

9.5

104.9

GDL-22-10

315754

5610459

297

135°

-45°

224

1.3

155.4

GDL-22-11

315842

5610520

290

135°

-60°

185

14.6

141.7

GDL-22-12

315754

5610459

297

100°

-60°

250

10.1

218.8

GDL-22-13

316175

5610670

295

315°

-45°

179

5.4

138.4

GDL-22-14

316175

5610670

295

315°

-60°

203

4.4

178.9

                 

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