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Be the first with the news that moves the market- Grid Metals’ (GRDM) latest drill results from its Donner Lake property in Manitoba defined more lithium mineralization
- The 12 holes in these results were completed as part of a maiden resource
- Results further outlined a “steeply-dipping” pegmatite dyke with visible spodumene mineralization
- Also, all holes drilled to date in the 800-metre core resource area have hit the main dyke, and all reported to date have returned lithium values as high as 2.10 per cent
- Grid Metals (GRDM) is up 2.86 per cent, trading at $0.18 per share as of 2:16 p.m. EST
Grid Metals’ (GRDM) latest drill results from its Donner Lake property in Manitoba defined more lithium mineralization.
These new results were from 12 holes completed as part of a maiden resource delineation program at the property. The current phase of drilling at the Main Dyke has now been completed.
According to the company, results further outlined a “steeply-dipping” pegmatite dyke with visible spodumene mineralization. Also, all holes drilled to date in the 800-metre core resource area have hit the main dyke, and all reported to date have returned lithium values as high as 2.10 per cent.
Sub-parallel spodumene-bearing pegmatites have also been intersected in most of the completed holes in the area are the footwall and hanging wall of the main dyke. As a result, the main dyke remains open at depth and along strike.
More follow-up work to come
For its next steps, Grid Metals has begun drilling at the project’s northwest dyke to follow up on work done last year. Additionally, drilling for a maiden lithium resource for both the dykes is on track for completion by the end of next month.
A metallurgical test program involving composite samples from both the Main and Northwest dykes is also nearly done.
The Donner Lake property is a joint venture with Lithium Royalty but is majority owned by Grid Metals. Furthermore, Grid Metals has a memorandum of understanding in place to create a process spodumene-bearing pegmatites operation for the property.
Grid Metals (GRDM) is up 2.86 per cent, trading at $0.18 per share as of 2:16 p.m. EST.
