Grid Metals Announces Near Surface High-Grade Lithium, Cesium and Tantalum Drill Core Assays at Falcon West
Grid Metals Announces Near Surface High-Grade Lithium,
Cesium and Tantalum Drill Core Assays at Falcon West
March 28, 2023. Grid Metals Corp (TSXV:GRDM; OTCQB:MSMGF ) (the "Company") today announced
assay results for drill core samples obtained from a 2012 exploration program on the Lucy claim, part of
the Company’s 100% owned Falcon West Lithium Property (the "Property"). The Property is located
approximately 120 km east of Winnipeg, Manitoba, and 110 km south of the Company’s Donner Lake
Lithium property. The 2012 drill core had not been previously assayed, and the new samples were
obtained by Grid staff from Mr. William C. Hood, P. Geo., who was the vendor of the property. The new
assays outline an outcropping and relatively flat-lying, highly fractionated spodumene-bearing pegmatite
system featuring high grade lithium, cesium, and tantalum values. The area is only a few hundred metres
from the Trans-Canada Highway.
Key takeaways from the 2012 drill results reported here are as follows:
• High grade lithium values encountered in several holes including 2.1% Li2O over 6.1 m (LU-12-
02, from 23.5 m) and 1.8% Li2O over 12.3 m (LU-12-05 from 2.0 m)
• High-grade cesium values were also encountered including 10.3% Cs2O over 3.3 m (LU-12-02,
25.7 – 29.0 m) with a maximum value of 17.2% Cs2O over a core length of 1.1 m
• Numerous tantalum-enriched intervals were also identified including 0.09% Ta2O5 over 14.4 m
(LU-12-05, 3.9 -18.3 m), 0.53 Ta2O5 over 2. 7 m (LU-12-03, 17.14 – 19.83 m), 0.04% Ta2O5 over
3.7 m (LU-12-13, 21.36 – 25.00 m), and 0.04% Ta2O5 over 10.66 m (LU-12-14, 24.03 – 34.69 m)
• These exceptionally high cesium values and associated high -grade lithium and tantalum valu es
confirm the presence of a highly evolved pegmatite system similar to the world class Tanco
pegmatite located ~100 km to the north
• Lithium values in drill results are in line with other known historical drill results
• The pegmatite system is open to the north, west and south and at depth.
• The ArtDon-Lucy Target area has spodumene lithium mineralization noted over a 1.25 km strike
length with minimal drilling over much of the target area.
• The Company plans to drill the 1.25 km trend late r this year after completing consultation with
affected First Nations in the area
• The Property is 100% owned with no royalties other than 2% NSR royalties on the purchased
claims covering the ArtDon and Lucy pegmatites
Above: Significant lithium results obtained from the analysis of 2012 drill holes from the Lucy area at
Falcon West. Many of the high-grade lithium intersections reported were associated with visible coarse-
grained spodumene.
Cesium Values
To provide context for the high-grade cesium results being reported, the Company notes that cesium is a
rare metal classified as a critical metal by both the U.S. and Canadian governments. Its uses include
compounds used in drilling fluids, aviation applications and atomic clocks. Globally, there are three
principal deposits from which cesium has been commercially mined: the Tanco pegmatite mine in
Manitoba; the Bikita pegmatite mine in Zimbabwe; and the Sinclair mine in Australia. In 2019 the Sinclair
Mine sold the Tanco Mine 19,000 tonnes of pollucite (the primary cesium ore mineral) ore with an average
grade of 9.1 % Cs2O for the sum of A$17.4 million (Power Metals press release dated Sep. 11, 2019 –
publicly available).
Drill Hole From (m) To (m) Interval (m) Li2O %
LU-12-01 16.32 19.35 3.03 0.3
and 21.66 24.58 2.92 1.7
LU-12-02 23.06 31.10 9.60 1.4
including 23.50 29.55 6.05 2.1
and 33.25 34.07 0.82 0.7
LU-12-03 17.14 19.83 2.69 1.8
LU-12-05 2.10 14.41 12.31 1.8
including 3.87 12.75 8.88 2.1
and 23.53 35.50 11.97 0.4
LU-12-06 47.11 50.64 2.66 0.4
LU-12-10 20.76 22.15 1.40 0.4
LU-12-11 5.62 10.82 5.20 1.0
and 11.80 23.50 11.70 0.4
LU-12-12 5.97 11.20 5.23 0.4
including 7.20 8.20 1.00 1.4
and 12.70 15.40 2.70 0.5
and 17.80 32.50 14.70 0.3
LU-12-13 21.05 26.93 5.88 1.0
including 21.05 23.50 2.45 1.5
LU-12-14 23.71 35.50 11.79 0.8
including 23.71 26.64 2.9 1.0
including 34.69 35.5 0.8 2.6
Above: Lucy Pegmatite 2012 drill hole location map (LU-12 holes from the William Hood 2012 DDH
program, EB01 holes from the 2001 Avalon Ventures DDH Program and D#24 is from the 1955 East
Braintree Corp DDH Program).
Above: ADL Target Trend (ArtDon and Lucy P egmatites) with selected, h istoric drill holes and significant
lithium intersections over the 1.25km target area.
About the Falcon West Property
The Falcon West property is located within the West Hawk Lake Greenstone Belt area of southeastern
Manitoba. Lithium-bearing pegmatites that have been historically known in the area are hosted in mafic
volcanic rock units present at the contact between the Wabigoon and Winnipeg River geological
Subprovinces. Grid Metals has staked approximately 90 km of this prospective mafic volcanic and granitic
contact. The initial focus for exploration is the near surface mineralization at the aforementioned 1.25
km ADL Target Trend.
Above: Grid Metals property location map for Southeastern Manitoba region.
The ADL Target Trend comprises the known ArtDon, Lucy South and Lucy North pegmatites. Several
phases of drilling have been completed over the decades by nu merous companies including Sherritt
Gordon (1943, 19 drill holes – no analytical data), East Braintree Lithium Corp (1955, 48 holes for 2,986
metres - limited analytical data ), Tantalum Mining Corporation of Canada Limited (19 83, 4 holes 296
metres - tantalum assays only) and Avalon Ventures (2000 – 10 holes lithium and tantalum assays) . The
last drill holes were completed in 201 2 by Mr. William C. Hood P.Geo and were not assayed at the time
of drilling but remained securely stored by Mr. Hood, facilitatin g their re -examination and initial rare
metal assays by Grid that form the basis of this news release.
The ADL Target Trend is the first priority for the Company’s Falcon West exploration efforts. It is
approximately 1250 meters in length and historic work suggests that the aforementioned pegmatites may
be connected and/or form part of a larger system.
Vice President Lithium Carey Galeschuk noted that “It is rare to see outcropping pegmatites with this high
degree of geochemical fractionation – especially so close to major infrastructure. The new Lucy Pegmatite
assay results underscore the potential of the ADL trend to develop into a near surface resource and for
new discoveries of similar, evolved LCT -type pegmatites along the 90 km of the prospective contact zone
that we’ve captured in the greater Falcon West property.”
Currently Grid is planning to submit work permits for diamond drilling at the Falcon West Property.
Surface mapping and both geochemical and geophysical surveys are also being planned for the upcoming
field season.
Above: Geology of the Falcon West Lithium Property, Southeastern Manitoba (based on Manitoba
government mapping).
QAQC
The exploration program at Falcon West is being supervised by Carey Galeschuk, P.Geo., who is an
experienced lithium geologist with over two decades of exploration experience in pegmatites with Grid
Metals, Tantalum Mining Corporation of Canada, and other companies. The core from the 2012 Lucy
pegmatite drilling program has been securely stored at the vendor’s property since the completion of that
program. Samples reported on in this release were inspected by Grid Metals geologists prior to shipping
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.
Grid Metals applies best practice quality assurance and quality control ("QAQC") protocols for all of it’s
exploration sampling. The Company is currently using two lithium + rare metal certified reference
materials ("CRMs") and an analytical blank for the program to monitor analytical acc uracy 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 (Donner Lake Project) and Ni -Cu-PGM (Mayville and Makwa
Projects) in the Bird River and Cat Lake areas approximately 150 km and 180 km northeast of Winnipeg
Manitoba. Grid has resource drilling ongoing at its Donner Lake Lithium Project and has signed an MOU
regarding toll milling of lithium with the nearby producing Tanco Mine. In addition the Company has a
PEA stage Ni -Cu-PGM-Co project (Makwa -Mayville) undergoing exploration and development activity.
Grid Metals also has lithium and Ni-Cu-PGM projects situated in the province of Ontario.
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
different. Such factors include, among others, risks and uncertainties relating to potential political risk,
uncertainty of production and capital costs estimates and the potential for unexpected costs and expenses,
physical risks inherent in mining operations, metallurgical risk, currency fluc tuations, fluctuations in the
price of nickel, cobalt, copper and other metals, completion of economic evaluations, changes in project
parametres 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
Discussion and Analysis for the most recent financial period and Material Change Reports filed with the
Canadian Securities Administrators and available at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press
release.
This news release does not constitute an offer of securities for sale in the United States. The securities
being offered have not been, nor will they be, registered under the United States Securities Act of 1933,
as amended, and such securities may not be offered or sold within the United States absent U.S.
registration or an applicable exemption from U.S. registration requirements.
Appendix: Assay Tables from the Lucy Pegmatite 2012 Drilling – ADL Target
Sample # From
(m) To (m) Interval
(m) Drill Hole Li2O % Cs2O % Ta2O5 % Rb2O %
NG004501 15.66 16.32 0.66 LU-12-1 0.08 0.04 0.00 0.04
NG004502 16.32 17.15 0.83 LU-12-1 0.35 0.05 0.00 0.27
NG004503 17.15 18.56 1.41 LU-12-1 0.34 0.22 0.00 1.41
NG004504 18.56 19.35 0.79 LU-12-1 0.23 7.59 0.00 0.37
NG004505 19.35 20.5 1.15 LU-12-1 0.11 0.20 0.00 0.03
NG004506 20.5 21.66 1.16 LU-12-1 0.19 0.03 0.00 0.01
NG004507 21.66 22.79 1.13 LU-12-1 1.14 0.11 0.00 0.39
NG004508 22.79 23.83 1.04 LU-12-1 3.01 1.88 0.01 0.18
NG004509 23.83 24.58 0.75 LU-12-1 0.70 0.09 0.01 0.47
NG004511 24.58 25.98 1.4 LU-12-1 0.06 0.01 0.00 0.05
NG004512 25.98 27.28 1.3 LU-12-1 0.08 0.02 0.00 0.03
NG004513 27.28 28.77 1.49 LU-12-1 0.06 0.02 0.01 0.06
Sample # From
(m) To (m) Interval
(m) Drill Hole Li2O % Cs2O % Ta2O5 % Rb2O %
NG004522 23.06 23.5 0.44 LU-12-2 0.32 0.06 0.01 0.34
NG004523 23.5 24.6 1.1 LU-12-2 3.92 0.05 0.00 0.03
NG004524 24.6 25.7 1.1 LU-12-2 2.76 0.09 0.01 0.32
NG004525 25.7 26.8 1.1 LU-12-2 2.76 1.17 0.00 0.07
NG004526 26.8 27.89 1.09 LU-12-2 0.28 17.18 0.00 0.57
NG004527 27.89 28.98 1.09 LU-12-2 1.20 12.72 0.03 0.39
NG004528 28.98 29.55 0.57 LU-12-2 0.70 0.35 0.01 0.47
NG004529 29.55 31.1 1.55 LU-12-2 0.25 0.04 0.00 0.17
NG004531 31.1 32.66 1.56 LU-12-2 0.17 0.03 0.01 0.12
NG004532 32.66 33.25 0.59 LU-12-2 0.58 0.34 0.00 0.68
NG004533 33.25 34.07 0.82 LU-12-2 0.70 0.13 0.00 0.35
NG004534 37.7 38 0.3 LU-12-2 0.07 0.01 0.00 0.01
Sample # From
(m) To (m) Interval
(m) Drill Hole Li2O % Cs2O % Ta2O5 % Rb2O %
NG004535 14.89 15.68 0.79 LU-12-3 0.25 0.06 0.01 0.24
NG004536 15.68 17.14 1.46 LU-12-3 0.19 0.13 0.00 0.91
NG004537 17.14 18.1 0.96 LU-12-3 3.06 2.00 1.44 0.11
NG004538 18.1 19.83 1.73 LU-12-3 1.03 0.24 0.04 0.87
NG004539 19.83 20.69 0.86 LU-12-3 0.28 0.04 0.02 0.18
Sample # From
(m) To (m) Interval
(m) Drill Hole Li2O % Cs2O % Ta2O5 % Rb2O %
NG004541 35.92 36.22 0.3 LU-12-4 0.03 0.01 0.00 0.03
NG004542 41.29 41.59 0.3 LU-12-4 0.41 0.12 0.00 0.10
NG004543 42.19 42.64 0.45 LU-12-4 0.26 0.20 0.00 0.26
NG004544 51.35 51.78 0.43 LU-12-4 0.24 0.51 0.00 0.27
Sample # From
(m) To (m) Interval
(m) Drill Hole Li2O % Cs2O % Ta2O5 % Rb2O %
NG004545 2.1 3.12 1.02 LU-12-5 0.69 0.12 0.02 0.44
NG004546 3.12 3.87 0.75 LU-12-5 0.25 0.04 0.01 0.14
NG004547 3.87 5.24 1.37 LU-12-5 1.94 0.24 0.03 0.90
NG004548 5.24 6.44 1.2 LU-12-5 2.26 0.40 0.09 1.03
NG004549 6.44 7.88 1.44 LU-12-5 1.34 0.29 0.05 0.33
NG004551 7.88 9.49 1.61 LU-12-5 3.14 0.54 0.43 1.36
NG004552 9.49 11.15 1.66 LU-12-5 2.50 0.39 0.08 1.13
NG004553 11.15 12.75 1.6 LU-12-5 1.54 0.19 0.07 0.82
NG004554 12.75 14.41 1.66 LU-12-5 1.19 0.10 0.04 0.56
NG004555 14.41 15.2 0.79 LU-12-5 0.14 0.02 0.03 0.16
NG004556 15.2 16.76 1.56 LU-12-5 0.04 0.01 0.03 0.03
NG004557 16.76 18.27 1.51 LU-12-5 0.01 0.00 0.03 0.01
NG004558 18.27 19.87 1.6 LU-12-5 0.12 0.02 0.02 0.09
NG004559 19.87 21.35 1.48 LU-12-5 0.96 0.18 0.01 0.69
NG004561 23.52 25.05 1.53 LU-12-5 0.43 0.29 0.01 0.40
NG004562 25.05 26.5 1.45 LU-12-5 0.27 0.07 0.01 0.20
NG004563 26.5 27.99 1.49 LU-12-5 0.56 0.19 0.01 0.39
NG004564 27.99 29.5 1.51 LU-12-5 0.45 0.12 0.02 0.30
NG004565 29.5 31.04 1.54 LU-12-5 0.29 0.05 0.01 0.19
NG004566 31.04 32.5 1.46 LU-12-5 0.56 0.13 0.02 0.37
NG004567 32.5 34 1.5 LU-12-5 0.30 0.04 0.01 0.18
NG004568 34 35.5 1.5 LU-12-5 0.23 0.08 0.01 0.18
NG004569 35.5 36.99 1.49 LU-12-5 0.11 0.03 0.01 0.10