For thousands of other reports visit RSC's Mineral Intellingence Map
Grid Metals Corp.
Summary
| Project: | Mayville | |
|---|---|---|
| Deposit: | Mayville | |
| Location: | Canada | |
| Commodities: | Lithium-Tantalum | |
| Date: | 6/18/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-6-2018: Grid Metals Corp. announces an Exploration/Drilling Update report for its Mayville deposit at the Mayville project. Drilling results incl. 5.4m @ 1.5% Li2O, 173ppm Ta from 14.7m. TORONTO, CANADA - Grid Metals Corp. (TSX-V: GRDM) (“Grid” or the | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Carey Galeschuk (Not stated) | |
| ABSTRACT: | TORONTO, CANADA - Grid Metals Corp. (TSX-V: GRDM) (“Grid” or the “Company”) today announced initial results from the winter 2018 drill program targeting the Main Dyke pegmatite at the Mayville Lithium |Project. The first three of eleven holes testing the pegmatite dyke intersected high grade lithium and significant tantalum values. The objective of the initial phase of drilling is to test the potential for a high grade, high purity lithium and rare metals bearing LCT pegmatite dyke. In total eleven holes have been completed by the Company to test a strike length of approximately 775 metres. The Main Dyke remains open to the south and at depth. The drilling occurred in the area of the 1950’s historical drilling which defined the historical mineral resource but did not test for rare metals. “Our exploration objective is to explore for a high value per tonne spodumene pegmatite by virtue of its lithium grade, rare metal by-products and purity” said Robin Dunbar, President and CEO of Grid. “ We look forward to receiving the balance of the drill holes which will give us a good idea of the potential of the Main Dyke”. The Main Dyke is one four known pegmatite dykes on the Mayville Lithium Property. The Property has a total historical resource of 3.8 million tons grading 1.28% Li2O1 from the Main Dyke and the North Dyke. The pegmatite dykes are located at or near the lithological contact between the Maskwa Lake Batholith and mafic volcanic rocks. This favourable contact horizon has been mapped for approximately 10 kilometers along strike of the Mayville Lithium Property. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report