Grid Metals Corp. Announces Grassroots Nickel Sulfide Surface Discovery at Makwa
Grid Metals Corp. (OTCQB:MSMGF) has announced a significant nickel sulfide discovery at its Makwa Ni-Cu-PGE project in Manitoba, where it has a Joint Venture Agreement with Teck Resources. The newly identified "Pavo Anomaly" has revealed semi-massive nickel sulfide mineralization with grades up to 1.1% nickel in surface grab samples.
The discovery features a 600-meter electromagnetic conductor trend and is located in a previously unexplored area. The company plans to commence drilling in Fall 2025, following additional prospecting and deep-penetrating ground time-domain EM geophysical surveys. The target model is similar to the Eagle's Nest deposit in Ontario's Ring of Fire district, representing a potential high-grade massive Ni-Cu-PGE sulfide deposit opportunity.
Grid Metals Corp. (OTCQB:MSMGF) ha annunciato una significativa scoperta di solfuri di nichel nel suo progetto Makwa Ni-Cu-PGE in Manitoba, dove ha un accordo di joint venture con Teck Resources. La neoidentificata "Pavo Anomaly" ha rivelato mineralizzazione di solfuri di nichel di tipo semi-massivo con tenori fino all'1,1% di nichel in campioni di superficie.
La scoperta presenta una tendenza conduttiva elettromagnetica lunga 600 metri ed è situata in un'area precedentemente inesplorata. La società prevede di avviare la perforazione nell'autunno 2025, a seguito di ulteriori prospezioni e indagini geofisiche elettromagnetiche terrestri a dominio temporale a penetrazione profonda. Il modello target è simile al giacimento Eagle's Nest nel distretto Ring of Fire dell'Ontario, rappresentando una possibile opportunità per un deposito massivo ad alto tenore di Ni-Cu-PGE.
Grid Metals Corp. (OTCQB:MSMGF) ha anunciado un importante descubrimiento de sulfuros de níquel en su proyecto Makwa Ni-Cu-PGE en Manitoba, donde mantiene un acuerdo de empresa conjunta con Teck Resources. La recientemente identificada "Pavo Anomaly" ha revelado mineralización de sulfuros de níquel semi-masiva con leyes de hasta 1,1% de níquel en muestras de superficie.
El hallazgo presenta una tendencia conductora electromagnética de 600 metros y se ubica en una zona hasta ahora inexplorada. La compañía planea iniciar la perforación en otoño de 2025, tras más prospecciones y estudios geofísicos EM terrestres de dominio temporal de gran penetración. El modelo objetivo es similar al yacimiento Eagle's Nest en el distrito Ring of Fire de Ontario, lo que representa una posible oportunidad para un depósito masivo de Ni-Cu-PGE de alto grado.
Grid Metals Corp. (OTCQB:MSMGF)는 매니토바의 Makwa Ni-Cu-PGE 프로젝트에서 중대한 니켈 황화물 발견을 발표했습니다. 이 프로젝트는 Teck Resources와 합작투자 계약을 맺고 있습니다. 새로 확인된 "Pavo Anomaly"에서는 표면 시료에서 니켈 함량이 최대 1.1%에 이르는 준매스급 니켈 황화물 광화가 확인되었습니다.
이번 발견은 600미터에 걸친 전자기 전도체 트렌드를 보이며, 이전에 탐사된 적 없는 지역에 위치합니다. 회사는 추가 지표 탐사와 깊이 침투 가능한 지상 시간영역(ground time-domain) 전자기(EM) 지구물리 조사 후 2025년 가을에 시추를 시작할 계획입니다. 목표 모델은 온타리오의 Ring of Fire 지구에 있는 Eagle's Nest 광상과 유사하며, 고품위의 매스급 Ni-Cu-PGE 황화물 광상 가능성을 나타냅니다.
Grid Metals Corp. (OTCQB:MSMGF) a annoncé une importante découverte de sulfures de nickel sur son projet Makwa Ni-Cu-PGE au Manitoba, où elle a un accord de coentreprise avec Teck Resources. La nouvelle "Pavo Anomaly" a révélé une minéralisation en sulfures de nickel semi-massifs avec des teneurs allant jusqu'à 1,1 % de nickel dans des échantillons de surface.
La découverte présente une anomalie conductrice électromagnétique de 600 mètres et se situe dans une zone jusqu'ici inexplorée. La société prévoit de commencer le forage à l'automne 2025, après des prospections supplémentaires et des levés géophysiques EM en domaine temporel au sol à forte pénétration. Le modèle ciblé est similaire au gisement Eagle's Nest dans le district Ring of Fire de l'Ontario, représentant une opportunité potentielle de gisement massif à haute teneur en Ni-Cu-PGE.
Grid Metals Corp. (OTCQB:MSMGF) hat einen bedeutenden Nickel-Sulfid-Fund bei seinem Makwa Ni-Cu-PGE-Projekt in Manitoba bekannt gegeben, bei dem es eine Joint-Venture-Vereinbarung mit Teck Resources hat. Die neu identifizierte "Pavo Anomaly" zeigte in Oberflächenproben semi-massive Nickel-Sulfid-Mineralisierung mit Gehalten bis zu 1,1% Nickel.
Der Fund weist einen 600 Meter langen elektromagnetischen Leittrend auf und liegt in einem bislang unerforschten Gebiet. Das Unternehmen plant, im Herbst 2025 mit Bohrungen zu beginnen, nachdem zusätzliche Prospektierungen und bodengebundene, tiefreichende zeitdomänenbasierte EM-geophysikalische Untersuchungen durchgeführt wurden. Das Zielmodell ähnelt der Lagerstätte Eagle's Nest im Ring of Fire in Ontario und stellt eine potenzielle Chance für ein hochgradiges massives Ni-Cu-PGE-Sulfidlager dar.
- None.
- Exploration activities were temporarily restricted due to forest fires
- Project still in early exploration phase with no defined resource
- Drilling permits still pending approval
TORONTO, ON / ACCESS Newswire / August 11, 2025 / Grid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF) ("Grid" or the "Company") is pleased to provide an update at its Makwa Ni-Cu-PGE project in southeastern Manitoba where an Option and Joint Venture Agreement (the "Agreement") with Teck Resources Limited ("Teck") was announced in December 2024. The target model is a footwall-hosted Ni-Cu-PGE deposit similar to the Eagle's Nest deposit1 located in Ontario's 'Ring of Fire' mineral district. Initial exploration completed under the new option and joint venture agreement has led to the discovery of semi-massive nickel sulfide mineralization at surface (up to
Dr. Dave Peck, the Company's V.P. Exploration, stated, "The new discovery of nickel-rich magmatic massive sulfide mineralization at Pavo is significant given its location in an interpreted feeder structure to the Bird River Sill - host to most of the known Ni-Cu-PGE sulfide mineralization in the Bird River Belt. Importantly, the Pavo conductor trend is contained within a large magnetic anomaly that suggests a large volume of prospective ultramafic rocks are present in the broader target area. Our view, shared by Federal and Provincial Government geoscientists2, is that the Bird River Belt is strongly analogous to the Ring of Fire District in northwestern Ontario where a significant Ni-Cu-PGE deposit at Eagle's Nest was discovered in 2007. The potential to participate with Teck in the discovery of an Eagle's Nest-type sulfide deposit is an exciting opportunity for Grid."
The Pavo Anomaly: A new grassroots nickel sulfide surface discovery in the footwall of the Bird River Sill
The Pavo Anomaly is a shallow electromagnetic ("EM") conductor trend that has a strike length of approximately 600m in east-west extent that was outlined from an airborne geophysical survey completed in late 2024. The Company completed reconnaissance geology in the area and one day of field prospecting at the Pavo Anomaly (Blaze Showing) before forest fires restricted access to the area. Nonetheless, the initial day of prospecting led to the discovery of semi-massive sulfide mineralization in soil-covered bedrock located directly on the eastern part of the Pavo Anomaly. Initial grab samples taken from this new showing returned peak nickel grades of up to
1 The Eagle's Nest deposit in the McFauld's Lake greenstone belt of northwestern Ontario is an established, high-grade magmatic nickel sulfide resource that is owned by Wyloo Canada. See the Wyloo website for more information about the Eagle's Nest deposit: https://wyloo.com/wylooeaglesnest/
2 Geological Survey of Canada Open File Report 8722, 2020.
Sample | Ni (%) | Cu (%) | Co (%) | S (%) | Field |
C1296925 | 0.84 | 0.20 | 0.10 | 24.5 | Semi-massive sulfides in ultramafic |
C1296927 | 0.62 | 0.12 | 0.07 | 18.7 | Semi-massive sulfides in ultramafic |
C1296973 | 1.13 | 0.08 | 0.11 | 28.3 | Semi-massive sulfides in ultramafic |
Table 1. Select assay results for surface grab samples from the Pavo Anomaly.
Next Steps
Additional prospecting recently commenced following the lifting of fire restrictions in the area. A follow-up deep-penetrating ground time-domain EM geophysical survey is also planned to further define initial drill targets. Drilling at Pavo is planned to commence this Fall pending receipt of applicable exploration permits.
The principal objective of the ongoing exploration program is to fully explore the Makwa property for high-grade massive Ni-Cu-PGE sulfide deposits located in structural favourable sites, including structural traps along the base of the Bird River Sill and within interpreted feeder structures to the sill. Pavo is expected to be the first major anomaly to be drill tested. However, there are numerous other untested, coincident magnetic and EM anomalies that are currently being mapped and prospected that could become priorities for future drilling campaigns.
Quality Assurance and Quality Control
Grid Metals applies best practice quality assurance and quality control ("QAQC") protocols in all of its exploration programs. For the Pavo prospecting program, grab samples were cleaned of obvious weathering and bagged and tagged in the field. The samples were then transported by secure carrier to the Actlabs (Thunder Bay) laboratory for sample preparation and analysis for nickel, copper, cobalt and selected major and trace element abundances using a multi-acid digestion method followed by ICP-OES analysis. Samples were also analyzed for Pd, Pt and Au using a lead collection 30 g fire assay method followed by ICP-OES analysis. The Company is using several different certified reference materials ("CRMs") and one analytical blank for the Makwa project to monitor analytical accuracy and check for cross contamination between samples. The analytical results for the CRMs and the blank for the new analytical results reported here did not show any significant bias compared to the certified values and fell within the acceptable limits of variability.
For more information about the Company, please see the Company website at www.gridmetalscorp.com or contact:
Robin Dunbar - President, CEO & Director Telephone: 416-955-4773 Email: rd@gridmetalscorp.com
Brandon Smith - Chief Development Officer - bsmith@gridmetalscorp.com
David Black - Investor Relations Email - info@gridmetalscorp.com
Qualified Persons Statements
Dr. Dave Peck, P.Geo., the V.P. Exploration of Grid, is the Qualified Person for purposes of National Instrument 43-101 and has reviewed and approved the technical content of this release.
About Grid Metals Corp.
Grid Metals is focused on exploration and development in southeastern Manitoba with four key projects in the Bird River area.
The Makwa Property (Ni-Cu-PGM-Co), which is subject to an Option and Joint Venture Agreement with Teck Resources Limited ("Teck"). Teck can earn up to a
70% interest in Makwa by incurring a total of CAD$17.3 million , comprising project expenditures (CAD$15.7 million ) and cash payments or equity participation (CAD$1.6 million ) with Grid. Makwa is located on the south arm of the Bird River Greenstone Belt.The Mayville Property (Cu-Ni) is located on the north arm of the Bird River Greenstone Belt. The property is owned subject to a minority interest.
The Falcon West Property (Li-Cs) is located 110 km east of Winnipeg along the Trans-Canada highway and contains highly anomalous cesium values in a number of historical drill holes including 2.2 m at
15.0% Cs2O and 3.2 m at4.6% Cs2O.The Donner Property (Li-Cs) is adjacent to the Mayville Property, and Grid owns
75% of the project. Grid announced a cesium purchase agreement with Tanco on February 18, 2025.
All of the Company's southeastern Manitoba projects are located on the ancestral lands of the Sagkeeng First Nation with whom the Company maintains an Exploration Agreement.
We seek safe harbour. This news release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of the Securities Act (Ontario) (together, "forward-looking statements"). Such forward-looking statements include the Company's closing of the proposed financial transactions, sale of royalty and property interests. the overall economic potential of its properties, the availability of adequate financing and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements expressed or implied by such forward- looking statements to be materially different. Such factors include, among others, risks and uncertainties relating to potential political risk, uncertainty of production and capital costs estimates and the potential for unexpected costs and expenses, physical risks inherent in mining operations, metallurgical risk, currency fluctuations, fluctuations in the price of nickel, cobalt, copper and other metals, completion of economic evaluations, changes in project parameters as plans continue to be refined, the inability or failure to obtain adequate financing on a timely basis, and other risks and uncertainties, including those described in the Company's Management Discussion and Analysis for the most recent financial period and Material Change Reports filed with the Canadian Securities Administrators and available at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
SOURCE: Grid Metals Corp.
View the original press release on ACCESS Newswire
FAQ
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