Metal Energy Corp (TSX-V:MERG) has announced the final drill hole assays of the Phase Two drill program on its high-grade nickel and copper-cobalt Manibridge project in Manitoba’s Thompson Nickel Belt.
The company said a total of 10,091 metres (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 150m to 600m of the old mine workings, with the drill holes targeting the shallower parts of the Manibridge nickel sulphide system at depths between 100m and 400m from surface, it added.
Highlights include:
- MNB040A: 36.55m of 1.13% nickel equivalent (NiEq), including 19.45m of 1.69% NiEq;
- MNB039: 36.2m of 0.69% NiEq including 12.15m of 1.14% NiEq; and
- New high-grade nickel zone demonstrates the discovery potential for multiple high-grade nickel shoots within the broader mineralized shell at Manibridge.
“This new zone of over 1% nickel mineralization in the Upper Lens demonstrates discovery potential for multiple high-grade nickel shoots within the overall mineralized shell at Manibridge,” Metal Energy CEO James Sykes said in a statement. “Manibridge's mineralized shell is over 1 kilometre of strike, traced down to 800m depth, and locally exceeds 90m thickness,”
Sykes noted that drill holes MNB036, MNB037 and MNB040A show the growth of this new nickel mineralized zone that currently measures 25m thick by 40m down-dip. Additionally, he said this new zone contains the highest-grade continuous nickel intersection (19.45m of 1.69% NiEq).
“We have maintained a 100% Ni-sulphide intersection success rate, and 34 of 36 drill holes have intersected over 1% nickel over variable sample widths. These facts demonstrate the robust nature of the Manibridge nickel system,” Sykes added. “Overall, we're thrilled with the results from 2022's drill programs, and we look to expand and discover additional high-grade nickel mineralization in 2023.”
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 stephen.gunnion@proactiveinvestors.com