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Be the first with the news that moves the market- Metal Energy (MERG) has expanded its nickel-copper-cobalt mineralized footprint at the Manibridge Project in Manitoba
- Nickel equivalent was found in every hole, with the highest value found in hole MNB034
- Results defined a new shallow zone which is 100 metres along strike, 40 to 90 metres thick, and extends for at least 180 metres in the dip direction
- Assay results for five more drill holes are still pending
- Metal Energy (MERG) is unchanged trading at $0.09 per share as of 11:36 a.m. EST
Metal Energy (MERG) has expanded its nickel-copper-cobalt mineralized footprint at the Manibridge Project in Manitoba.
According to the company, these new results are from four drill holes on a previously tested section. Nickel equivalent was found in every hole, with the highest value found in hole MNB034.
James Sykes, CEO of Metal Energy, commented,
“These four drill holes expand a shallow high-grade nickel zone that was never discovered previously… Drilling continues to intersect wide, hide-grade nickel intercepts with similar grade-thickness values consistent with what was previously mined at Manibridge.”
This shallow zone is reported to be 100 metres along strike, 40 to 90 metres thick, and extends for at least 180 metres in the dip direction. Also, the zone remains open in both dip directions, where the ongoing phase two drill program is redefining the system at Manibridge.
“The broader mineralized envelope is large, with multiple high-grade zones being discovered recently. We are planning our Phase 3 drill program to continue the success at Manibridge,” Sykes said.
So far, a total of 10,091 metres have been completed on the project with 36 drill holes, all of which have intersected visible nickel sulphides. Metal Energy stated the drill hole collar locations were all within 150 to 600 metres of the old mine workings. Additionally, assay results for five more drill holes are still pending.
Metal Energy (MERG) is unchanged, trading at $0.09 per share as of 11:36 a.m. EST.
