Grid Metals Drills High Grade Lithium Pegmatite
For Immediate Release
Exchange: TSX Venture:
June 18, 2018
Toronto, Ontario
Symbol: GRDM
Shares Outstanding:42,116,610
Grid Metals Drills High Grade Lithium Pegmatite
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 ele ven 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.
Highlights from the initial three holes of the drill program are as follows:
Drill core assays returned Li2O values in excess of 1.5% over the width of the dyke
with visual spodumene blades in each of the three holes.
The iron content and other level of impurities are low
Significant rare metals were encountered including tantalum
The three holes were drilled over a strike length of 195 meters
Results from the first three holes are tabulated below:
MAYVILLE LITHIUM PROPERTY - MAIN DYKE DRILLING – Winter 2018
DDH From
(m)
To
(m)
Interval Li2O
(%)
Cs2O
(%)
Rb2O
(%)
Ta2O5
ppm
Fe
(%)
MLI-18-01 14.7 18.5 3.8 1.7 0.05 0.42 163 0.13
MLI-18-02 36.7 39.6 2.9 1.6 0.03 0.32 146 0.28
MLI-18-03 78.6 84.0 5.4 1.5 0.05 0.42 173 0.70
and 109.8 110.4 0.6 0.7 NA 0.25 134 0.57
and 111.6 112.0 0.4 1.0 0.01 0.32 203 0.21
and 112.3 112.8 0.5 0.5 0.08 0.33 151 0.31
1 Source Manitoba Mineral Inventory File #229. Resources are historical in nature and not NI 43-101 compliant. Mustang does not
consider the historical resource estimate as a current resource estimate and is not relying on the historical resource estimate as a current
resource estimate until such time as a Qualified Person has reviewed and confirmed the data.
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 historic al 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% Li2O 1 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 . The four known
pegmatites are located in an area approximately 1500 m by 1500 m just south of Mustang’s Mayville
Copper-Nickel deposit. Mustang has now staked the remaining prospective horizon and will in future
complete prospecting and geochemical analysis in the expanded project area.
Grid Metals acquired the M ayville Lithium Property in February 2018 from the Tantalum Mining
Corporation of Canada Ltd in return for a 2% Net Smelter Royalty and a first right to purchase products
produced from the property on commercial terms.
For a map of drilling please refer to the 2018 Winter Drill Hole Location Map at the following link to
the Company website. [ https://gridmetalscorp.com/properties/mayville-lithium/]
QA/QC, Analytical and Metallurgy Work
Core was logged and split at the Company’s Makwa warehouse where all drill core is stored. Samples
were sent to AGAT Laboratories in Thunder Bay, Ontario for crushing and preparation with the final
assays completed at the AGAT Laboratories in Mi ssissauga, Ontario. The samples are assayed using
a Sodium Peroxide Fusion with a ICP-OES/ICP-MS Finish.
Grid implements a QA/QC program on drill core including inserting blanks, duplicates and commercial
standards at regular intervals with all sample submissions to the laboratory.
About Grid Metals Corp.
Grid is focused on exploration and development of properties focused on the battery metals. It owns the
mineral rights to the Makwa Nickel -Copper Cobalt Property and the Mayville Copper-Nickel
Property both located in the Bird River Greenstone Belt in southeast ern Manitoba. The Company
completed a Preliminary Economic Assessment on the Makwa-Mayville Project in 2014. The Mayville
Lithium Property was acquired from Tantalum Mining Corpo ration of Canada Ltd. The Company
also controls mineral rights at the East Bull Lake Property west of Sudbury prospective for PGM and
the Bannockburn Nickel Property near Matachewan Ontario
Carey Galeschuk P. Geo is the Qualified Person for Mustang Minerals Corp.
To find out more about Grid Metals Corp.. (TSX-V: GRDM)
visit our website at www.gridmetalscorp.com.com or:
Telephone: 416-955-4773 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)
(together, “forward -looking statements”). Such forward -looking statements may include the Company’s plans for its
mineral projects in Manitoba, the overall economic potential of its properties, the availability of adequate financi ng 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, currency
fluctuations, fluctuations in t he price of nickel 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 th ose 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.
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