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New Age Metals Inc.
Summary
| Project: | River Valley | |
|---|---|---|
| Deposit: | T3 Zone, Pine Zone | |
| Location: | Canada | |
| Commodities: | Platinum-Palladium-Gold-Copper-Nickel | |
| Date: | 11/8/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-11-2017: New Age Metals Inc. announces an Exploration/Drilling Update report for its T3 Zone, Pine Zone deposit at the River Valley project. Drilling results incl. 14m @ 0.08g/t Au, 0.48g/t Pt, 1.30g/t Pd, 0.15% Cu, 0.03% Ni from 56m. November 8th, 2017 | |
| Resources: | (Resource, M+I): 3.9Moz PdEq contained at project | |
| CP/QP: | [Overall Report]: Carey Galeschuk (Internal) | |
| ABSTRACT: | November 8th, 2017 Vancouver, Canada – New Age Metals Inc. (TSX.V: NAM; OTCQB: PAWEF; FSE: P7J.F) is pleased to announce the third and final 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 and IP geophysical work at the River Valley PGM Deposit. Trevor Richardson, President/COO states “The purpose of the 2017 summer/fall exploration program was to focus on the footwall mineralization. The main River Valley PGM Deposit is a contact-style mineralization and this is where the bulk of the resource has previously been identified. The PGM mineralization found in the footwall is newly discovered mineralization and will add to the overall amount of PGM mineralization. This additional mineralization will be reflected in the new resource calculation/updated 43-101 for the River Valley PGM Deposit”. Present drilling into the footwall of the Dana North Zone area of the River Valley PGM Deposit has defined continuous PGM mineralization. To date PGM mineralization has been extended approximately 140 m eastward of the present known PGM mineralization. Past resource calculations of the Dana North Zone have been determined to be 24 million tonnes at 1.5 g/t PdEq. The recent footwall drilling will add to the resource calculation. Hole PZ-17-08 (figure 2) that is being reported in this release was drilled approximately 40 m to the east of the contact mineralization. | |
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