Metal Energy Now Drilling on its High-Grade Nickel Manibridge Project Metal Energy releases never published results of high-grade nickel historic drill intersections New detailed webinar on Metal Energy's Plan for Manibridge
Metal Energy Now Drilling on its High-Grade
Nickel Manibridge Project
Metal Energy releases never published results of high-grade nickel historic drill
intersections
New detailed webinar on Metal Energy's Plan for Manibridge
Drilling has started
TORONTO
,
March 7, 2022
/CNW/ - Metal Energy Corp. ("the "
Company
" or "
Metal Energy
")
(TSXV: MERG) is pleased to announce that a 3,000 metre drill program has started on the high-
grade nickel Manibridge project (the "
Project
" or "
Manibridge
") in the Thompson Nickel Belt,
Manitoba
. Drilling will focus within the shadow of the past-producing mine that produced 1.3 million
tonnes at 2.55% nickel and 0.27% copper from 1971 to 1977.
The Company has prepared an in-depth video presentation for Manibridge that details Metal
Energy's growth potential on the Project.
VIEW METAL ENERGY'S WEBINAR: MANIBRIDGE – HIGH-GRADE NICKEL
"We're excited to launch the first drill program on our flagship Manibridge project. Historic drilling
within one kilometre of the old mine workings intersected broad zones of high-grade nickel
mineralization. However, we've identified numerous target areas with the potential to extend known
high-grade nickel occurrences and increase the overall size of the mineralization shell. Some of the
targets follow historic intersections of 15 to 30 metres grading between 0.80 to 2.00% Ni. The
program is designed to test a broad array of target areas that will provide us with new geological
information to help us plan for our larger summer program," said
James Sykes
, CEO of Metal
Energy.
Selected Historic Drill Intersections on Manibridge: Table 1
Hole
Number
Location
From (m)
To (m)
Interval (m)
%Ni
%Ni*m
6-60
Underground
33.83
75.59
41.76
1.80
75.02
W50-39
Mined
98.45
163.98
65.53
1.10
72.14
W50-27
Mined
185.93
210.01
24.08
2.93
70.61
W50-34
Mined
86.26
110.64
24.38
1.88
45.76
W50-31
Mined
244.75
261.52
16.77
2.67
44.84
W50-05
Mined
311.51
336.80
25.29
1.57
39.64
MN08-01
Surface
156.50
195.75
39.25
0.98
38.47
W50-28
Mined
203.30
211.99
8.69
4.15
36.07
W50-09
Mined
178.92
198.73
19.81
1.80
35.62
6-42A
Underground
270.51
287.43
16.92
1.98
33.44
W50-33
Mined
274.93
289.56
14.63
2.15
31.50
W50-50
Surface
184.40
196.60
12.20
1.24
15.13
Notes to Table 1:
Cut-off grade = 0.3% Ni
Maximum consecutive internal dilution =
3.0 m
downhole
Historic drill holes have not been verified or confirmed with twinned drill holes
Metal Energy considers "high-grade" to be nickel mineralization with a concentration greater
than 0.8% Ni.
All reported depths and intervals are drill hole depths and intervals, unless otherwise noted, and
do not represent true thicknesses, which have yet to be determined.
Manibridge's drill program is planned for 3,000 metres with 9 drill holes all within a kilometre strike of
the past-producing mine. Table 1 provides a summary of selected historic high-grade nickel drill hole
intercepts on Manibridge.
Figure 1
is a location map of the Manibridge project and the old mine
workings, and
Figure 2
shows the Manibridge mineralization shell with the planned drill holes and
pierce points.
Initial drill program results will be released upon completion of the program, and geochemical assays
will be released later once received from the lab and reviewed for QAQC. CanAlaska Uranium Ltd.
Is the operator for this inaugural exploration program.
About the Manibridge Project
Manibridge encompasses 4,368 hectares and is within the world-class Thompson Nickel Belt. The
Project is 20 kilometers southwest of
Wabowden
, which has significant infrastructure and capacity
that has supported previous exploration programs, including year-round highway access via Highway
6.
A
bout Metal Energy Corp.
Metal Energy is a well-funded nickel and battery metal exploration company with two projects,
Manibridge and Strange, in the politically stable jurisdictions of
Manitoba
and
Ontario, Canada
,
respectively. Both projects are subject to earn-in agreements where the Company can acquire 100%
exploration rights to approximately 16,200 hectares.
QP Statement
The technical information contained in this news release has been reviewed and approved by
Mike
Sweeny
, P.Geo., Vice-President, Exploration & Development for Metal Energy, and a Qualified
Person as defined in "National Instrument 43-101, Standards of Disclosure for Mineral Projects."
Reader Advisory
Certain information set forth in this news release contains forward-looking statements or
information ("
forward-looking statements
"), including details about the business of the Company.
By their nature, forward-looking statements are subject to numerous risks and uncertainties, some
of which are beyond the Company's control, including the impact of general economic conditions,
industry conditions, volatility of commodity prices, currency fluctuations, environmental risks,
operational risks, competition from other industry participants, stock market volatility. Although the
Company believes that the expectations in its forward-looking statements are reasonable, its
forward-looking statements have been based on factors and assumptions concerning future events
which may prove to be inaccurate. Those factors and assumptions are based upon currently
available information. Such statements are subject to known and unknown risks, uncertainties and
other factors that could influence actual results or events and cause actual results or events to
differ materially from those stated, anticipated or implied in the forward-looking statements.
Accordingly, readers are cautioned not to place undue reliance on the forward-looking statements,
as no assurance can be provided as to future results, levels of activity or achievements. Risks,
uncertainties, material assumptions and other factors that could affect actual results are discussed
in our public disclosure documents available at
www.sedar.com
including the Filing Statement
dated
November 15, 2021
. Furthermore, the forward-looking statements contained in this
document are made as of the date of this document and, except as required by applicable law, the
Company does not undertake any obligation to publicly update or to revise any of the included
forward-looking statements, whether as a result of new information, future events or otherwise. The
forward-looking statements contained in this document are expressly qualified by this cautionary
statement.
Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
FIGURE 1 – Manibridge Project Location and Planned Drill Program Location
FIGURE 2 – Planned Drill Holes Within Manibridge Mineralization Shell (looking west)
SOURCE
Metal Energy
View original content:
http://www.newswire.ca/en/releases/archive/March2022/07/c8838.html
%SEDAR: 00051725E
For further information:
Metal Energy Corp., MERG on the TSXV, James Sykes, CEO,
[email protected], 306-221-8717, www.metalenergy.ca
CO: Metal Energy
CNW 06:00e 07-MAR-22