Toronto - Metal Energy Corp. ('the 'Company' or 'Metal Energy') (TSXV: MERG) is pleased to announce its diamond drilling exploration plans for Q1 2022 on the Company's Manibridge and Strange Nickel projects.
Drilling is expected to begin in January for Manibridge and February for Strange.
Diamond drilling plans include: An initial 3,000 metres in seven drill holes in and around the historic Manibridge Mine workings, which produced 1.3 M tonnes at 2.55% Nickel and 0.27% Copper from 1971 to 1977. The drill program is anticipated to provide the Company with modern down hole information specific for understanding high-grade Nickel mineralization in the old Mine area. This information will be used to produce a structural model that will be used for exploration across the entire project. A permit application for a larger drill program to start in Q2 2022 are in the works.
1,500 metres in two drill holes at Strange planned to target geophysical anomalies interpreted as ultramafic rock types overlying sedimentary units, typical of Proterozoic Mid-Continental Rift-style Nickel deposits.
'This is an exciting time for Metal Energy and our shareholders. We successfully listed on the TSXV two weeks ago with over $7 million in cash and hitting the ground running. We are actively planning drill programs for each project which are anticipated to start between January and February 2022. Diamond drilling permits have been received for both projects, and diamond drilling companies have been tendered. The Nickel spot price is at a 10-year high and is forecast to continue climbing due to the global push for adopting electric vehicles and battery solutions for renewable energies. This is an opportune time for Metal Energy to demonstrate the high-grade Nickel potential that exists at Manibridge, and discover a new Nickel district at Strange,' said James Sykes, CEO of Metal Energy.
Manibridge and Strange are located in Manitoba and Ontario, respectively. Both projects are within well-established geologic environments, have year-round highway access, and are permitted to drill.
About Metal Energy Corp.
Metal Energy is a well-funded Nickel and battery metal exploration company with two projects, Manibridge and Strange, in the politically-stable jurisdictions of Manitoba and Ontario, Canada, respectively. Both projects are subject to earn-in agreements where the Company can acquire 100% exploration rights to approximately 16,200 hectares.
Contact:
James Sykes
Tel: 306-221-8717
Email: jsykes@uraniumgeologist.com
Web: www.metalenergy.ca
Certain information set forth in this news release contains forward-looking statements or information ('forward-looking statements'), including details about the business of the Company. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the Company's control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, environmental risks, operational risks, competition from other industry participants, stock market volatility. Although the Company believes that the expectations in its forward-looking statements are reasonable, its forward-looking statements have been based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements.
Accordingly, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future results, levels of activity or achievements. Risks, uncertainties, material assumptions and other factors that could affect actual results are discussed in our public disclosure documents available at www.sedar.com including the Filing Statement dated November 15, 2021. Furthermore, the forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, the Company does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.
METAL ENERGY CORP. 
