Grid Metals drills 1% Li2O over 12.9 metres at Donner Lake, Manitoba

Grid Metals drills 1% Li2O over 12.9 metres at Donner Lake, Manitoba
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VANCOUVER – Grid Metals Corp. [GRDM-TSXV; MSMGF-OTC; NJF1-FSE] reported results for three additional holes from the recently completed phase 1 drill program at its Donner Lake lithium property in southeastern Manitoba. The property is located in the Winnipeg River pegmatite field, which hosts the world-class Tanco pegmatite. The Donner Lake Lithium Property is a 75%/25% joint venture between Grid Metals Corp and Lithium Royalty Corp., a leading player in global lithium finance.

Highlights include new drill intersections of the northwest dike include the following length-weighted average grades: 10.3 metres averaging 1.0% Li2O in GDL22-04, including a higher-grade section of 5.1 metres averaging 1.8% Li2O (from 234.1 metres); 12.9 metres averaging 1.0% Li2O in GDL22-08, including higher-grade sections of 1.8 metres averaging 1.8% Li2O and 3.0 metres averaging 1.6% Li2O (from 163.1 metres); and 9.6 metres averaging 0.8% Li2O in GDL22-09, including 2.9 metres averaging 1.5% Li2O (from 104.9 metres).

Anomalous cesium and tantalum values are also present in the three holes including maximum values of 210 ppm Ta2O5 and 341 ppm Cs2O over 0.6 metres from the northwest dike in GDL22-08, and up to 400 ppm Ta2O5 and 481 ppm Cs2O over 0.3 metres and 0.5 metres, respectively, from an adjacent, narrower felsic dyke intersected in hole GDL22-09.

The northwest dike has now been traced for approximately 600 metres along strike and drill tested to a vertical depth of approximately 250 metres. The northwest dike features consistent lithium grades that are associated with visible spodumene crystals and/or spodumene-quartz intergrowths (SQUI). The northwest dike is the second drill-defined LCT type pegmatite with significant strike length on the Donner Lake property. Similar lithium grades were previously reported for the Company’s 2018 drill holes targeting the Main dike, which is located approximately 1.5 km to the east of the northwest dike.

The company concluded its Phase 1 exploration drill program targeting the northwest dike on April 30, 2022. Sixteen drill holes were completed and results for eight holes have now been reported. Assay results for the remaining eight holes are pending. The northwest dike remains open along strike in both directions and at depth.

Carey Galeschuk, Vice President, stated, “Grid is pleased to see very consistent and high grade lithium values at the northwest dike from our recently completed drilling. With continued success we will focus on rapidly establishing a maiden resource from both the Northwest and Main dikes at the Donner Lake Property. We also see great upside in the exploration potential of the property as the Winnipeg River pegmatite field hosts the world class Tanco Pegmatite and Canada’s only producing lithium mine. We will shortly be announcing plans for a property-wide geological mapping and geochemical survey program to enable the discovery of other lithium-bearing pegmatites on the Donner Lake property.”

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