Grid Metals Files NI 43-101 Technical Report for Mineral Resource Estimate Donner Lake Lithium Property Southeastern Manitoba Canada
Grid Metals Files NI 43-101 Technical Report for Mineral Resource
Estimate
Donner Lake Lithium Property Southeastern Manitoba Canada
September 6, 2023 TORONTO -- Grid Metals Corp. (TSXV: GRDM ; OTCQB:MSMGF)
("Grid" or the "Company") reported today that it has filed a technical report, in accordance
with National Instrument 43 -101 - Standards of Disclosure for Mineral Projects ("NI 43-101"),
with respect to a NI 43-101 mineral resource estimate (the “MRE”) for the Donner Lake :Lithi um
Property . The title of the Report is Mineral Resource Estimate fo r the Donner Lake Lithium
Property Manitoba, Canada. The report was authored by Rohan Millar B.Sc . P.Geo. - SGS
Geological Consulting ; Faisal Saheed B.Sc . P.Geo. - SGS Geological Consulting ; and Ian
Ward P. Eng.- Ian Ward Consulting Services .
Grid announced the results of the Mineral Resource Estimate on July 18, 2023. Complete details
of the mineral resource estimate (6.81 million tonnes grading 1.29% Li2O Inferred ) were
contained in the Grid press release dated July 18, 2023. The technical report is filed at
www.sedar.com and can be viewed or downloaded there.
Primero Engineering Scope
The Company also today announced the that scope of work with Primero Engineering on the
reconfiguring of the True North Gold Mill in Bissett Manitoba for the processing of spodumene
from Donner Lake is well underway with the results of the engagement expected to be provided
to Grid in October 2023. In conjunction with the Primero engagement a new metallurgical test
program has commenced with XPS Expert Process Solutions laboratory in Falconbridge,
Ontario. The results of the metallurgical test program will provide critical information to be
incorporated in the design of a spodumene mill circuit at True North.
Dave Peck P.Geo. has reviewed and approved the contents of this press release for purposes
of National Instrument 43 -101.
About Grid Metals Corp.
Grid Metals is an exploration and development company focused on its lithium projects located
in southeastern Manitoba. The Company currently holds a 75 % joint venture project interest
in the Donner Lake Lithium Property and a 100% project interest in the Falcon West Lithium
Project. Grid also has a portfolio of early to advanced stage base metal deposits in southeastern
Manitoba.
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 – [email protected]
Brandon Smith – Chief Development Officer – [email protected]
David Black - Investor Relations – [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 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
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