Metal Energy Corp. (TSX-V:MERG) revealed that a 3,000-metre (m) drill program has started on its flagship high-grade nickel Manibridge project in Manitoba’s Thompson Nickel Belt, in Canada.
The well-funded Toronto-based nickel and battery metal exploration company said drilling will focus within the shadow of the past-producing mine that produced 1.3 million tonnes at 2.55% nickel (Ni)and 0.27% copper (Cu) from 1971 to 1977.
"We're excited to launch the first drill program on our flagship Manibridge project. Historic drilling within one kilometer (km) of the old mine workings intersected broad zones of high-grade nickel mineralization,” Metal Energy CEO James Sykes said in a statement.
READ: Metal Energy prepares for first drill program at flagship high-grade nickel Manibridge project
He added: “However, we've identified numerous target areas with the potential to extend known high-grade nickel occurrences and increase the overall size of the mineralization shell. Some of the targets follow historic intersections of 15-to-30m grading between 0.80 to 2% Ni.”
Sykes noted that the program is designed to test “a broad array of target areas” that will provide the company with new geological information to help it plan for its larger summer program.
Manibridge's drill program is planned for 3,000m with 9 drill holes all within a kilometer strike of the past-producing mine.
The company said initial drill program results will be released on completion of the program, and geochemical assays will be released later once received from the lab and reviewed.
CanAlaska Uranium Limited is the operator for this inaugural exploration program.
Metal Energy has two projects, Manibridge and Strange, in Manitoba and Ontario, Canada, respectively. Both projects are subject to earn-in agreements where the company can acquire 100% exploration rights to around 16,200 hectares.
Contact the author Uttara Choudhury at uttara@proactiveinvestors.com
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