
Grid Metals Corp. (TSXV:GRDM) – Notable News
May 13, 2022 Grid Metals Corp. (TSXV:GRDM, BUY, C$0.40 target, Taylor Combaluzier) announced additional positive drill results for three holes from the recently completed Phase
May 13, 2022 Grid Metals Corp. (TSXV:GRDM, BUY, C$0.40 target, Taylor Combaluzier) announced additional positive drill results for three holes from the recently completed Phase
Robin Dunbar, President and Director of Grid Metals, breaks down the exciting results from …
Grid Metals announced additional results from the 2022 exploration program at its 75%-owned Donner Lake Li property in SE Manitoba – 25% is owned by its JV partner Lithium Royalty Corp. (Private). This batch of assays returned grades of up to 1.62% Li2O over 4.1m. While the intervals from the newly reported holes are not as long as those reported in holes -01 and -02 (read more), the results show mineralization at the Northwest Dyke has a consistent grade profile along the 500m of strike length drilled to date. We continue to view drill results from Donner Lake favorably as the grades compare well to Li peer company resources, including Critical Elements Lithium (TSXV:CRE, Not Rated) at 0.85% Li2O, Rock Tech Lithium (TSXV:RCK, Not Rated) at 1.1% Li2O and Foremost Lithium (CSE:FAT, Not Rated) at 0.9% Li2O.
April 14, 2022 Grid Metals Corp. (TSXV:GRDM, BUY, C$0.40 target, Taylor Combaluzier) provided a drill update on its Makwa Ni property, which is part of its
Grid Metals announced initial results from the 2022 exploration program at its 75%-owned Donner Lake Li property in SE Manitoba – 25% is owned by its JV partner Lithium Royalty Corp. (Private, Not Rated). The company has drilled a total of 13 holes (2,779m) to date. Eleven holes were completed at the Northwest Dyke, all of which intersected spodumene-bearing pegmatites over a strike length of 600m and a minimum vertical extent of ~200m. This batch of assays returned grades of up to 1.53% Li2O over 13.75m, including a maximum grade of 2.06% Li2O. We view these results favorably as they compare well to Li peer company resources, including Critical Elements Lithium (TSXV:CRE, Not Rated) at 0.85% Li2O, Rock Tech Lithium (TSXV:RCK, Not Rated) at 1.1% Li2O and Foremost Lithium (CSE:FAT, Not Rated) at 0.9% Li2O. We believe these results should warrant attention from the market, particularly because of their high-grade nature and because they are the first drilled on the Northwest Dyke since 1955.
Grid Metals announced results from the final three holes of its 2021 drilling program at its 100%-owned Bannockburn Ni sulfide property in Timmins, ON. We view these results very favourably as all eight holes have intercepted wide intervals of Ni-bearing ultramafic rocks, with similar grades and thickness compared to the Crawford deposit owned by Canada Nickel Company Inc. (TSXV:CNC, Restricted, Timothy Lee), located ~100km NW of the property. The company also engaged SGS Canada to conduct a mineralogical study on drill core from the B Zone. Given the long intercepts of Ni reported from 2021 drilling, the planned metallurgical testing could provide key insight into the potential for Bannockburn to host a bulk tonnage Ni deposit capable of producing a high-grade Ni concentrate via standard flotation.
Last Friday, Red Cloud hosted the third and final day of its Very Pre-PDAC Mining Showcase, which featured 39 presenting companies including a keynote speech by Joe Mazumdar, Editor/Analyst and Publisher of Exploration Insights and had over 1,750 participants registered in advance of the event. With this note, we want to provide a quick recap of the highlights from the conference for those who were unable to attend the live event. Replays are available on the Red Cloud website.
February 24, 2022 Grid Metals Corp. (TSXV:GRDM, BUY, C$0.40 target, Taylor Combaluzier) provided an update on the exploration activities underway at its Ni and Li
February 1, 2022 Grid Metals Corp. (TSXV:GRDM, BUY, C$0.40 target, Taylor Combaluzier) provided an exploration update as it has commenced drilling at its 100%-owned Makwa
Grid Metals announced additional results from its 2021 drilling program at its 100%-owned Bannockburn Ni sulfide property located south of Timmins, ON. We view these results very favourably as the overall grades intercepted at Bannockburn are in line with the high-grade core of the Crawford deposit owned by Canada Nickel Company Inc. (TSXV:CNC, BUY, C$4.35 target, Timothy Lee), located ~100km NW of the property. With the recent monetization of its lithium assets (read more), we expect Grid to continue advancing its 100%-owned East Bull Lake (EBL) Pd and Bannockburn Ni projects, honing in and focusing on battery metal and PGE projects. We note that the company trades at very low enterprise value, which in our view offers a compelling value proposition in the high-growth battery metals space.