Metal Energy (TSXV:MERG) uncovers nickel mineralization at Manibridge

• Metal Energy (MERG) has announced assay results from its Manibridge Project in Manitoba
• The results stem from 14 of 16 drill holes from phase-two exploration between June and July 2022
• Multiple high-grade nickel-sulphide zones over 150 m along strike and within 600 m from the past-producing Manibridge Mine indicate strong potential to add additional tonnage
• The ongoing 4,669 m of the 10,000-m phase two program seeks to demonstrate further mineral continuity on the project
• Metal Energy is a nickel and battery metal exploration company advancing projects in Manitoba and Ontario
• Metal Energy (MERG) is down by 14.29 per cent, trading at $0.06 per share

Metal Energy (MERG) has announced assay results from its Manibridge Project in Manitoba.

The results stem from 14 of 16 drill holes from phase-two exploration between June and July 2022.

Multiple high-grade nickel-sulphide zones over 150 m along strike and within 600 m from the past-producing Manibridge Mine indicate strong potential to add additional tonnage.

Highlights include 0.84 per cent NiEq. over 20 m starting at 268.5 m (MNB014); 0.63 per cent NiEq. over 25 m starting at 287.5 m (MNB021); and 0.63 per cent NiEq. over 19.5 m starting at 253.5 m (MNB020).

MNB021 intersected thick accumulations of composite mineralization defined over 144 m, with 45 per cent of that interval being mineralized.

Twelve drill holes intersected high-grade nickel-sulphide mineralization, with nine of those holes intersecting multiple high-grade nickel zones.

Assay results confirm overall nickel-sulphide-rich lithostratigraphy between 7.5 m (MNB017) and 66 m composite thickness (MNB021), with an average exceeding 30 m.

Mineralization is shallow, with true vertical depth to mineralization ranging from 100 m to 350 m beneath the surface.

The remaining 4,669 m of the 10,000-m phase two program are ongoing. The company is targeting mineralization near drill hole MNB004 (0.92 per cent NiEq over 32.95 m) and towards the historic Manibridge high-grade nickel and copper mine.

The Manibridge mineralized trend boasts over 1.2 km in strike length and 800 m in depth while remaining open in all directions.

“The assay results demonstrate that Manibridge is hosted within a large nickel system, as we intersect new zones of mineralization with wide step-out drilling just north of the mine. We now interpret the area as a much larger, lower-grade mineralized envelope with pockets and shoots of structurally-controlled higher-grade mineralization. Together, these new wide composite intersections and our geological model support this view,” stated James Sykes, CEO of Metal Energy.

Selected historic and recent drill intersections at Manibridge

Metal Energy is a nickel and battery metal exploration company advancing projects in Manitoba and Ontario.

Metal Energy (MERG) is down by 14.29 per cent, trading at $0.06 per share as of 12:58 pm ET.