- 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
![](https://themarketherald.ca/wp-content/uploads/2022/11/metal-energy2-1.jpg)
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.