Grid Metal Corp. Reports 1.13% Li2O over 10.7 m Completes Resource Drilling at Donner Lake
Grid Metal Corp. Reports 1.13% Li2O over 10.7 m
Completes Resource Drilling at Donner Lake
May 31th, 2023. Grid Metals Corp . (TSXV:GRDM; OTCQB:MSMGF ) (the "Company") is pleased to
announce final drill results from the completion of the Northwest Dyke drill program at the Donner Lake
Lithium Property in Manitoba, Canada. The Company has now received all assays from the winter drilling
program which will be incorporated into the upcoming maiden resource estimate expected before the
end of Q2/23. SGS Canada has been retained by the Company to complete the estimate which will include
both the Main and Northwest Dykes.
Highlights:
• Visible spodumene mineralization noted in all drill holes in the core area of the dyke.
• Northwest Dyke remains open at depth and along strike to the south (current strike length of
approximately 715 meters).
• Apparent widths of up to 10 meters identified at 185 meters below surface.
• The Northwest Dyke is exposed at surface and recent resource drilling has projected the lithium
bearing pegmatite to at least 300 meters below surface.
• Drilling highlights include:
➢ GDL 23-68: 5.9 m of 1.59% Li2O starting at 14.5 m
➢ GLD 23-74: 6.9 m of 1.56% Li2O starting at 59.1 m
➢ GDL 23-78: 10.7 m of 1.13% Li2O starting at 185.2 m
➢ GDL 23-81: 6.7 m of 1.60% Li2O starting at 54.2 m
➢ GDL 23-84: 5.0 m of 1.37% Li2O starting at 262.7 m
Robin Dunbar, Chief Executive Office of Grid Metals Corp ., stated, “We are pleased to report the final
assays from the recently completed Northwest Dyke drill program. The results highlight strong continuity
of mineralization across the core area of the dyke with the pegmatite remaining open at depth and to the
south along strike. We look forward to releasing a maiden resource estimate at Donner Lake before the
end of this quarter that will include the 2023 resource drilling at both the Main and Northwest dykes.”
Following on drilling competed in 2022 , the 2023 NW Dyke resource drilling program included 19 holes
for a total of 4,379 meters. Analytical results are shown in Table 1. The Company has rapidly progressed
the Donner Lake Lithium Project to the resource estimation stage in just over a year since the start of
drilling in February 2022. In total 66 resource drill holes were completed in 2023 for a total of 17,69 6
meters at the Main Dyke and Northwest Dyke.
Table 1: Assay Results of the 2023 drilling at the Northwest Dyke – Donner Lake Lithium Project
True width of drill intercepts are between 50-80% of apparent width.
Project Plans
• SGS Canada Inc . has been retained by the Company to complete a resource estimate in
compliance with National Instrument 43-101.
• The Company has completed an initial metallurgical testwork program at XPS Metallurgica l
Laboratories with results expected shortly.
• The Company plans to formally submit an Advanced Exploration Permit to the Manitoba
government which would allow for the completion of a bulk sample at Donner Lake.
Drill Hole Azm Dip UTM E UTM N Interval From Interval To Interval (m) % LI2O
GDL23-67 130 -46 316145 5610918 141.55 142.55 1 0.72
GDL23-68 310 -46 315953 5610520 14.5 20.4 5.9 1.59
GDL23-69 310 -45 315902 5610404 57.85 61.25 3.4 1.57
63.13 66.63 3.5 1.71
GDL23-70 310 -48 316171 5610793 28.25 32.05 3.80 0.99
Including 28.76 30.76 2.00 1.53
GDL23-71 310 -45 315966 5610352 162.23 165.80 3.57 1.49
and 167.83 169.34 1.51 1.45
and 170.50 171.28 0.78 1.30
GDL23-72 310 -62 316214 5610757 108.58 110.40 1.82 0.62
GDL23-73 310 -62 315966 5610352 264.95 269.70 4.75 1.00
GDL23-74 310 -49 316122 5610730 59.13 66.00 6.87 1.56
GDL23-75 310 -48 5610645 5610645 121.43 123.80 2.37 1.06
and 125.10 127.53 2.43 1.40
GDL23-76 310 -47 315853 5610342 41.72 43.44 1.72 1.81
and 52.33 53.95 1.62 0.53
and 78.25 80.37 2.12 1.49
GDL23-77 310 -47 315846 5610244
GDL23-78 310 -62 316145 5610645 185.20 195.88 10.68 1.13
including 185.20 186.50 1.30 1.77
including 191 195.88 4.88 1.56
GDL23-79 310 -45 315804 5610278 98.44 99.21 0.77 1.63
GDL23-80 130 -45 315694 5610475 226.36 226.63 0.27 0.55
and 235.33 236.93 1.60 1.26
and 239.3 241.55 2.25 1.15
and 246.78 247.25 0.47 1.19
GDL23-81 310 -47 316074 5610640 54.19 60.90 6.71 1.60
GDL23-82 134 -48 315911 5610674 185.00 194.00 9.00 1.36
GDL23-83 134 -64 315911 5610674 313.73 316.00 2.27 1.63
GDL23-84 138 -56 315780 5610586 262.65 267.65 5.00 1.37
GDL23-85 130 -45 315689 5610761 466.99 472.00 5.01 0.75
• The Company has also sent test sample work to the Tanco Mine to ensure there is metallurgical
congruency for the pending bulk sample.
• The Company has a pre-production MOU with Tantalum Mining Corporation of Canada (“Tanco”)
(see October 17, 2023 press release). Discussions with Tanco are ongoing to enable toll mining of
Donner Lake ore at the Tanco Mine site - one of two producing lithium mines in Canada.
• The Company has new geochemical and geophysical survey data to define several new
exploration targets on the Property that will be validated and explored this upcoming field season
prior to initial drill testing.
Figure 1: Donner Lake Plan Map with 2023 Drill Hole and Cross Section Locations
Figure 2: Northwest Dyke Cross Section (A – A’) Apparent width of interval shown.
QAQC
The exploration program at Donner Lake is being supervised by Carey Galeschuk, P.Geo., who is an
experienced lithium geologist with nearly three decades of exploration experience in the Bird River
Greenstone Belt with Grid Metals, Tantalum Mining Corp oration of Canada and other companies. Grid
Metals applies best practice quality assurance and quality control ("QAQC") protocols on all it ’s
exploration programs. For the Donner Lake Lithium Project drilling program, core was logged and sampled
at the Company’s core facility located on the Makwa Property. Generally, 1.0 metre sample lengths were
used. Samples were bagged and tagged and then transported by secure carrier to the Actlabs (Thunder
Bay) laboratory for sample preparation and analysis for lithium, cesium, tantalum and selected major and
trace element abundances using a sodium peroxide fusion total digestion method followed by ICP -OES
and ICP -MS analysis. The Company is using two lithium + rare metal certified reference materials
("CRMs") and an analytical blank for the program to monitor analytical accuracy and check for cross
contamination between samples.
Mr. Galeschuk has reviewed and approved the contents of this press release with respect to NI 43 -101
reporting guidelines.
About Grid Metals Corp.
Grid Metals is focused on both lithium and Ni-Cu-PGM in the Bird River area approximately 150 km north
east of Winnipeg Manitoba. The Donner Lake Lithium Property is a 75% owned property subject to a joint
venture agreement. In addition to activity at Donner Lake the Company has the Falcon West Lithium
Property located southeast of Winnipeg and a PEA stage Ni -Cu-PGM-Co project (Makwa -Mayville)
undergoing exploration and development activity.
On Behalf of the Board of Grid Metals Corp.
For more information about the Company please see the Company website at www.gridmetalscorp.com
or contact:
Robin Dunbar - President, CEO & Director Telephone: 416-955-4773 Email: [email protected]
David Black - Investor Relations Email: [email protected]
We seek safe harbour. This news release contains forward -looking statements within the meaning of the
United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the
meaning of the Securities Act (Ontario) (togethe r, "forward-looking statements"). Such forward -looking
statements include the Company’s closing of the proposed financial transactions, sale of royalty and
property interests. the overall economic potential of its properties, the availability of adequate financing
and involve known and unknown risks, uncertainties and other factors which may cause the actual results,
performance or achievements expressed or implied by such forward - looking statements to be materially
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uncertainty of production and capital costs estimates and the potential for unexpected costs and expenses,
physical risks inherent in mining operations, metallurgical risk, currency flu ctuations, fluctuations in the
price of nickel, cobalt, copper and other metals, completion of economic evaluations, changes in project
parameters as plans continue to be refined, the inability or failure to obtain adequate financing on a timely
basis, and other risks and uncertainties, including those described in the Company's Management
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