On January 19, Grid Metals Corp. announced that it has received exploration permits and will immediately start exploration drilling at its Falcon West Lithium property, acquired by the company in January 2023. The initial target area hosts high grade lithium and cesium mineralization in historical drill core. Approximately 2,000 m of drilling are planned in the initial phase of the program.
Falcon West is a belt scale (61,268 hectares [ha] and approximately 90 km of strike length) lithium and rare metal property. It is located in the West Hawk Lake Greenstone Belt and hosted in mafic volcanics rocks present at the contact between the Wabigoon and Winnipeg River geological sub provinces. According to Grid Metals, this important geological contact hosts several significant lithium deposits and occurrences. The West Hawk Lake Greenstone Belt is the next prospective greenstone belt to the south of the Bird River Greenstone Belt that hosts the world class large Tanco Pegmatite one of the most evolved pegmatite known globally, which hosts the producing Tanco Lithium and Rare Metals Mine.
As of 1983, Tanco had spodumene reserves of 7,300,00 tons grading 2.76% Li2O. The drill program will begin at the Artdon-Lucy target area of the property, where historical drill programs intersected near surface pegmatites locally containing high lithium grades, which are associated with spodumene.
Grid Metals is focused on its lithium properties in southeastern Manitoba, Donner Lake and Falcon West, and has a lease agreement for the True North Gold Mill with the intention to convert the processing circuit to produce lithium spodumene concentrate, fast-tracking its Donner Lake Lithium Project into production. The company also has a PEA stage Ni-CuPGM-Co project (Makwa-Mayville) in Southeastern MB.