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2017 Exploration Update at the River Valley Platinum Group Metals Project, Sudbury Mining District, Ontario
(via TheNewswire) -Footwall PGM mineralization continues to be encountered at the River Va...
About this update from New Age Metals Inc
[{"type":"text","content":"2017 Exploration Update at the River Valley Platinum Group Metals Project, Sudbury Mining District, Ontario(via TheNewswire)\n \n \n-Footwall PGM mineralization continues to be encountered at the River Valley PGM Deposit\n\n\n \n-Drilling from 2015 to 2017 has confirmed footwall mineralization in the Pine Zone with mineralization extending ~140m east and 1010m of strike of the original mineralized zone of the River Valley PGM Deposit.\n\n\n \n-Future exploration will involve additional ground IP geophysics along the T4 to T9 footwall anomalies. \n\n\n \n-Footwall PGM mineralization is a new and additional source of PGM mineralization which will be included in the resource model.\n\n\n \n-Updated geological exploration plan and NI 43-101 resource calculations with WSP Canada have commenced and will include all the new data on the deposit and the deposits southern extension. This is expected to be completed in Q1-2018.\n\n\n \n-River Valley is the Largest Undeveloped Primary PGM resource in Canada, with 3.9Moz PdEq in Measured Plus Indicated including an additional 1.2Moz PdEq in Inferred.\n\n\n \nVancouver, Canada / TheNewswire / November 28, 2017 - New Age Metals Inc. (TSX.V: NAM; OTCQB: PAWEF; FSE: P7J.F) is pleased to announce all data from the latest drill program is completed and that the new NI 43-101 resource calculation has commenced with Todd McCracken at WSP Canada. This drill program was focused on the Pine Zone (T2) and T3 as a follow up to the 2015 and 2016 drilling and IP geophysical work at the River Valley Platinum Group Metals (PGM) Deposit. \n\n\n \nPresident and COO Trevor Richardson states \"PGM Mineralization was discovered in the River Valley Intrusion in 1999 and active exploration was carried out from 1999 to 2012 (Figure 1). In 2015, reinterpretation of past results led to the theory of PGM mineralization in the footwall. The 2015 drilling confirmed this theory and led to the 2016 and 2017 drilling (Figure 2-Table 3) that continued to confirm the PGM footwall mineralization (see NAM website - Press Releases)\".\n\n\n \nIn 2016, the company obtained the Mustang Minerals' southern portion of the River Valley PGM Deposit (River Valley Extension, News Release - Oct 5th, 2016). This added 4 kilometres of mineralized strike length to the company's River Valley PGM Deposit. This additional mineralization will be...