Grid Metals Corp. [TSXV: GRDM; OTCQB: MSMGF] received exploration permits and has begun its maiden drill program at the Eagle gabbro, located within the MM copper-nickel project in southeastern Manitoba. The Eagle gabbro is located at the eastern end of the greater-than-20-kilometre-long Mayville-Eagle complex, host to the company’s 32-million-tonne Mayville copper-nickel-platinum-group-metal deposit.
Highlights: Drilling will begin at the historical New Manitoba deposit area, located at the southeastern end of the Eagle gabbro, which has seen very limited exploration subsequent to drilling in the 1950s. In tandem with the drill program, ground induced polarization and two deep-penetrating, high-resolution airborne magnetic-electromagnetic surveys will also be completed. Grid is fully financed to complete the Eagle drill program and geophysical surveys. Initial assays are expected to be received by mid-November.
Robin Dunbar, CEO and president, stated: “We are pleased to see the drill rig turning at the prospective Eagle gabbro trend, where we see the potential to outline copper-dominant mineralization in several areas over the greater than four km target trend being tested. The Eagle gabbro sits entirely outside of our current 32-million-tonne indicated open-pit resource at Mayville and provides additional resource upside for the MM project. We are looking forward to assays returning early next month and will update the market accordingly.”
Drill hole plans are based on three-dimensional modelling of historical drilling results, recent surface sampling and mapping data, magnetic survey data and three-dimensional plate modelling of existing electromagnetic survey data.
Grid Metals is focused on advancing its MM copper/nickel project in the Bird River area, approximately 150 km northeast of Winnipeg, Manitoba. The MM project consists of the Makwa and Mayville deposits, with a fully financed drill program continuing at the prospective Eagle gabbro, which sits outside of the current resource. Grid’s other projects in southeastern Manitoba include the Donner lithium project and the Falcon West cesium/lithium project. Grid has a lease agreement on the True North mill, where it has rights to process feed from Donner, and Grid also has a memorandum of understanding with Tantalum Mining Corp. of Canada Ltd., which operates the nearby producing Tanco mine.
All of the company’s southeastern Manitoba projects are located on the traditional Lands of the Sagkeeng First Nation, with whom the company maintains an exploration agreement.
