Metal Energy Corp. (TSX-V:MERG) has announced encouraging assay results from four drill holes at the Phase Two drill program on the high-grade nickel and copper-cobalt Manibridge project in the Thompson Nickel Belt of Manitoba.
Phase Two’s 10,000-metre (m) drill program was completed in December 2022, with five additional drill hole assay results still pending.
"Drill holes MNB035 and MNB034 contained impressive individual high-grade intersections of 1.19% NiEq over 31.3 m (37.3 GT) and 1.10% NiEq over 28.15 m (31.0 GT), respectively. These four drill holes expand a shallow high-grade nickel zone that was never discovered previously at Manibridge,” said James Sykes, CEO of Metal Energy in a statement.
READ: Metal Energy completes acquisition of 100% interest in the Manibridge project; completes second phase 10,000m drill program
“This particular mineralized zone is 100 m along strike, 40 to 90 m thick, extends for at least 180 m in the dip direction, and is open in both dip directions. The Phase 2 drill program continues to redefine the system at Manibridge with over 1 kilometre of strike, and mineralization down to at least 800 m depth. The broader mineralized envelope is large with multiple high-grade zones being discovered recently. Drilling continues to intersect wide, hide-grade nickel intercepts with similar grade-thickness values consistent with what was previously mined at Manibridge. We are planning our Phase 3 drill program to continue the success at Manibridge," he added.
Highlights include:
- 68.55 composite metres of 0.82% NiEq (56.2 GT) starting at 129 m vertical depth
- 57.40 composite metres of 0.82% NiEq (51.5 GT) starting at 162 m vertical depth
- 49.40 composite metres of 0.61% NiEq (30.1 GT) starting at 219 m vertical depth
- 43.20 composite metres of 0.62% NiEq (27.6 GT) starting at 303 m vertical depth
- Mineralized zone is up to 90 m thick, and open in both dip directions
- Assay results from 5 drill holes pending
Manibridge Phase 2 Drill Program Result
A total of 10,091 m were completed over 36 diamond drill holes, including six abandoned drill holes, with all completed drill holes intersecting visible nickel sulphides. The drill hole collar locations were all within 150 m to 600 m of the old mine workings. The drill holes targeted the shallower parts of the Manibridge nickel sulphide system at depths between 100 m and 400 m from surface.
Assay results for drill holes MNB036 to MNB040A are still pending and will be reported after the data has been received, reviewed, and approved.
Manibridge encompasses 4,368 hectares within the world-class Thompson Nickel Belt. Metal Energy is the operator and owns 85% of the project with Mistango River Resources (CSE:MIS) Inc., an Ore Group company, owning the remaining 15%.
Metal Energy is a nickel and battery metal exploration company with two projects, Manibridge and Strange, in the politically stable jurisdictions of Manitoba and Ontario, Canada, respectively.
Contact the author at jon.hopkins@proactiveinvestors.com