- Metal Energy Corp (MERG) announced that three recent drill holes at its Manibridge Project have all intersected broad nickel
- The Toronto-based mineral explorer intersected 0.67 percent nickel equivalent during phase II drilling on the project
- The Manibridge Project is located in Manitoba’s Thompson Nickel Belt
- Phase Two’s 10,000 metres drill program was completed in December, with nine additional drill hole assay results still pending
- Metal Energy Corp is up 7.14 percent, trading at $0.075 at 1:55 p.m. EST
Metal Energy Corp (MERG) announced that three recent drill holes at its Manibridge Project have all intersected broad nickel.
The Toronto-based mineral explorer intersected 0.67 percent nickel equivalent during phase II drilling on the project.
The Manibridge Project is located in Manitoba’s Thompson Nickel Belt.
Phase Two’s 10,000 metres drill program was completed in December, with nine additional drill hole assay results still pending.
“These are the best results we have drilled on Manibridge to date, with grade-thickness values consistent with what was mined at Manibridge. These three drill holes, 250 m away from the old mine workings, were drilled on the same section and down dip of MNB004, which returned 0.90% NiEq over 51.0 composite metres (45.9 GT). This section of drill holes shows consistent nickel mineralization between 60 to 80 metres thick, extending over 180 metres down dip, and remains open in both dip directions. These four drill holes were in a relatively untested area, and these new data significantly improve our interpretation of the mineralization potential at Manibridge. Mineralization appears to be more concentrated and thicker as we get closer to the old mine workings. We are awaiting the results from the remaining nine drill holes, which are from the next 3 sections,” said CEO James Sykes.
A total of 10,091 metres were completed over 36 diamond drill holes, including six abandoned drill holes.
All completed drill holes intersected visible nickel sulphides. The drill hole collar locations were all within 150 to 600 metres of the old mine workings. The drill holes targeted the shallower parts of the Manibridge nickel sulphide system at depths between 100 and 400 metres from surface.
Metal Energy Corp is up 7.14 percent, trading at $0.075 at 1:55 p.m. EST.
