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Home > News > Grid Metals reports initial...

Grid Metals reports initial results at Bannockburn Nickel south of Timmins

Jun 28, 2021


Grid Metals Corp. has announced initial results from its recently completed spring 2021 drilling program on its 100% owned Bannockburn Nickel Sulphide Property located in the Matachewan area approximately 100 km south of Timmins. The new drill program is pursuing bulk tonnage disseminated nickel sulfide mineralization hosted by a three-kilometre-long serpentinized ultramafic body. The style of mineralization targeted is similar to that hosted in the Crawford Deposit owned by Canada Nickel Company.

Highlights

  • Drill hole GBN21-02 intersected 296.5 metres* averaging 0.28% nickel including a 112.0 metre section averaging 0.32% nickel
  • The highest individual sample contains 0.43% nickel over a 1.5 metre core length
  • The nickel-rich ultramafic host unit was intersected at the overburden-bedrock interface at a vertical depth of 37 metres and remains open to the east.

*True thicknesses are estimated to be approximately 70% of the reported interval lengths.

The company recently completed 2,785 metres in eight diamond drill holes distributed over a strike length of approximately 600 metres on the >1 km long B Zone trend of disseminated nickel sulfide mineralization (see Figure, below). Hole GBN21-02 was one of two holes (GBN21-01 was the other) drilled from the same collar location across the strike of the B Zone trend. Previous drilling and preliminary metallurgical studies on the B Zone confirmed the presence of heazlewoodite-dominant, secondary nickel sulfide mineralization with similar mineralogical characteristics and nickel grades and thicknesses to that observed in the Main Zone at Canada Nickel Company's (TSXV: CNC) Crawford nickel property. The recent drilling program at Bannockburn was designed to facilitate an initial assessment of the potential to develop a near surface, large tonnage nickel sulfide resource in excess of 100 million tonnes and containing over 200 kilotonnes of potentially recoverable nickel.



Tags: Northern Ontario / Exploration / Metals / All Articles