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Grid Metals reports positive metallurgical test results with a significant increase in nickel recovery from its Mayville Deposit in Manitoba, Canada

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The program was designed to demonstrate copper and nickel separation from a bulk concentrate in order to produce quality nickel and copper concentrates. The company owns the mineral rights to the Mayville Property and the Makwa Nickel Property, both located in the Bird River Greenstone Belt approximately 145 kilometers from Winnipeg, Manitoba.

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Company: Grid Metals Corp.
Website: http://www.GridMetalsCorp.com
Stock Symbol: TSXV: GRDM
Date Published: Aug 8, 2019
Transcript: Available

Video Transcript:

I’m Nadika Viswakula for Investmentpitch Media

Grid Metals Corp. announced positive metallurgical test results with a significant increase in nickel recovery from its Mayville Deposit in Manitoba, Canada.

The company owns the mineral rights to the Mayville Property and the Makwa Nickel Property, both located in the Bird River Greenstone Belt approximately 145 kilometers from Winnipeg, Manitoba.

The program was designed to demonstrate copper and nickel separation from a bulk concentrate in order to produce quality nickel and copper concentrates.

Open cycle flotation testing on a new composite sample produced a bulk concentrate, which was followed by separation into a nickel concentrate and a copper concentrate.

The nickel concentrate graded 10.7% nickel with 65.1% nickel recovery, with the copper concentrate grading 30.0% copper with 82.1% copper recovery.

Both concentrates were deemed to exceed the quality requirements to be saleable to smelters.

In addition to the improved nickel recoveries a significant amount of cobalt was recovered to the nickel concentrate, with a recovery of 62.5% and a grade of 0.66% reported.

Both platinum group metals and silver recovered to both concentrates may also provide potential added value.

Robin Dunbar, President and CEO, stated: “The latest metallurgical testwork provides significant new encouragement for the potential project economics of the Mayville Deposit, as these results significantly surpass prior metallurgical results achieved and incorporated in the 2014 PEA. Substantially improved nickel recoveries and confirmation of the quality of the nickel and copper concentrates that can be produced are a positive outcome. In addition, the cobalt recoveries of over 62% may provide added benefit to the project economics, as cobalt was not included in the 2014 resource model. The positive metallurgical results provide a catalyst towards continuing to advance the Maryville project by reworking the project economics with a view toward completing an updated economic study.”

The testwork was completed by XPS Expert Process Solutions, a Glencore Company, which is a Sudbury-based technical consultancy and testing firm with extensive experience in flowsheet development and nickel-copper cobalt ores.

Closed circuit simulation completed by XPS concluded that further improvements in nickel recovery and concentrate grade and copper recovery may be achievable.

Grid also has exposure to lithium through its Mayville Lithium property which has a historical resource and to palladium through its exploration stage East Bull Lake Property located 80 kilometers west of Sudbury Ontario.

The shares are trading at $0.11.

For more information, please visit the company’s website www.GridMetalsCorp.com, contact Robin Dunbar, President and CEO, at 416-955-4773, or email rd@GridMetalsCorp.com.

Investor relations is handled by David Black, who can be reached at info@GridMetalsCorp.com.
I’m Nadika Viswakula for Investmentpitch Media