Impact: Positive
Grid announced final assays from the 47-hole (13,283m) resource drill program at the Main dyke of its 75%-owned Donner Lake Li project in Manitoba. Results are from the remaining assays of 36 holes that were drilled in the core resource area of the Main dyke. Drilling encountered significant intercepts from the deeper holes, indicating that mineralization remains open at depth and along the 890m strike length to the NE. These results are in line with previous results and should help support the upcoming resource estimate at the project, anticipated in Q2/23. We estimate that the Main and Northwest dykes could contain ~4.0Mt at ~1.4% Li2O, which equates to ~139kt of LCE.
