For thousands of other reports visit RSC's Mineral Intellingence Map
New Age Metals Inc.
Summary
| Project: | River Valley | |
|---|---|---|
| Deposit: | Pine Zone | |
| Location: | Canada | |
| Commodities: | Platinum-Palladium-Gold-Copper-Nickel | |
| Date: | 10/31/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 31-10-2017: New Age Metals Inc. announces an Exploration/Drilling Update report for its Pine Zone deposit at the River Valley project. Drilling results incl. 22m @ 0.06g/t Au, 0.37g/t Pt, 1.08g/t Pd, 0.10% Cu, 0.02% Ni from 170m. October 31st, 2017 Vancou | |
| Resources: | (Resource, M+I): 3.9Moz PdEq contained at project | |
| CP/QP: | [Overall Report]: Carey Galeschuk (Internal) | |
| ABSTRACT: | October 31st, 2017 Vancouver, Canada – New Age Metals Inc. (TSX.V: NAM; OTCQB: PAWEF; FSE: P7J.F) is pleased to announce the second batch of drill hole results from the 2017 drilling campaign. Drilling was focused on the T3 Zone and Pine Zone as a follow up of the 2015 and 2016 drilling at the River Valley PGM Deposit. The drill program is now complete and the company is waiting for the last batch of assays. Harry Barry, Chairman/CEO states. “The purpose of the 2017 summer/fall exploration program was to focus on the footwall mineralization and recent IP geophysical targets from the Pine Zone to T3 (figure 1). The footwall mineralization is a new model as opposed to the historical contact mineralization model where the bulk of the resource had been identified, giving us further confidence that the project can be developed into an open pit mining operation”. To date, 4 holes have been drilled in the T3 area which is approximately 1000m South from the top of the Pine Zone discovery. All 4 holes in the T3 area hit significant mineralization with borehole T3-17-04 (News Release September 20th, 2017) resulted in 28m of 2.45 g/t Pd+Pt+Au at 4m below surface, including 3m of 7.12 g/t. Within the same hole, mineralization was also intersected at 24m below surface with an additional 6m of 4.06 g/t Pd+Pt+Au, and at 37m below surface with another zone of 4m at 3.30 g/t | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report