- Metal Energy Corp. (MERG) has shared the assay result from the phase one drill program for the Manibridge Project in Manitoba
- The program intersected high-grade nickel sulphide mineralization over a one-kilometre strike length
- Hole MNB004’s grade thickness was reported to be better than several historic drill holes
- MNB001 and MNB003 filled gaps in the mineralization model defined by historic results
- MNB002, MNB004 and MNB005 intersected mineralization near surface and all holes remain open in the up-dip direction
- Metal Energy Corp. (MERG) is unchanged trading at $0.07 per share as of 1:48 p.m. ET
Metal Energy (MERG) has shared the assay result from the phase one drill program on the high-grade nickel and copper cobalt Manibridge Project in Manitoba.
The company stated its program successfully intersected high-grade nickel sulphide mineralization over a one-kilometre strike length. The program allegedly included six drill holes for a total of 2,350 metres.
“The results from the program are very encouraging and better than expected. They’ve answered many of our preliminary questions… These six holes have intersected high-grade nickel mineralization in every drill hole which demonstrates mineralization over a minimum one-kilometre strike length,” said James Sykes, CEO of Metal Energy.
The grade thickness results from MNB004 have been reported to be better than several historic drill hole intersections, demonstrating significant quantities of nickel sulphide mineralization in the ground.
According to Metal Energy, Drill holes MNB001, and MNB003 filled gaps in the mineralization model defined by historic drill hole results, indicating mineralization is still open along strike and at depth. Both depth and strike length potential remain largely untested at Manibridge and will be the targets for future drill programs.
Drill holes MNB002, MNB004, and MNB005 intersected mineralization near the surface and all holes remain open in the up-dip direction. The company believes that mineralization continues in this direction which could provide for bulk tonnage open pit style of mining operations.
Metal Energy Corp. (MERG) is unchanged trading at $0.07 per share as of 1:48 p.m. ET.