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2018 Ground Geophysics Update at the River Valley Platinum Group Metals Project, Sudbury Mining District, Ontario
(via TheNewswire) -Line cutting is near completion in the footwall region of the River...
About this update from New Age Metals Inc
[{"type":"text","content":"2018 Ground Geophysics Update at the River Valley Platinum Group Metals Project, Sudbury Mining District, Ontario(via TheNewswire)\n\n \n\n\n\n \n-Line cutting is near completion in the footwall region of the River Valley Deposit\n\n\n \n-Ground IP geophysics on new footwall discovery will commence January 20th to test the footwall regions of the T4 to T9 anomalies \n\n\n \n-Footwall PGM mineralization is a new and additional source of PGMs at the River Valley project and it will be included in the new resource model.\n\n\n \n-Updated NI 43-101 resource calculations with WSP Canada have commenced and will include all the new data on the deposit and the recently acquired southern extension.\n\n\n \n-The new resource calculation is expected to be completed in Q1-2018.\n\n\n \n-Mineralogical testing is ongoing\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 and has excellent infrastructure within 100 kilometers to the Sudbury Metallurgical complex.\n\n\n \n-The Price of Pallidum the prominent metal at River Valley is trading at $1,078USD (Jan 10, 2018) near its all-time high based on limited supply and increasing demand.\n\n\n \nVancouver, Canada / TheNewswire / January 10, 2018 - New Age Metals Inc. (TSX.V: NAM; OTCQB: PAWEF; FSE: P7J.F) is pleased to provide an update of exploration activity at the company's River Valley PGM Deposit in Ontario. Field exploration presently is concentrated on the upcoming ground IP geophysical survey. WSP Canada is currently working on the upgraded 43-101 compliant resource calculation and mineralogical test of the different PGM grades is ongoing.\n\n\n \nThe geophysical survey will be a high-resolution OreVision(R) IP survey performed by Abitibi Geophysics (Thunder Bay, Ontario). OreVision IP can reveal targets at four times the depth of conventional IP without compromising near-surface resolution. The goal of the geophysical survey is to test the footwall portion to the main River Valley PGM Deposit, southward of the Pine Zone IP survey (News Release: Jun 19th, 2017) and to cover the area between target anomalies T4 to T9 (Figure 1). This area represents a survey strike length of approximately 2000 metres. The linecutting and grid is near completion and the IP crews are sch...