• 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.


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