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2023/2024 $7 Million Budget Approved by Mineral Resources (MRL) Including 15,000-Meter Winter Diamond Drill Program, Lithium Division, Manitoba
(TheNewswire) September 6 th , 2023 – TheNewswire - Rockport, On...
About this update from New Age Metals Inc
[{"type":"text","content":"2023/2024 $7 Million Budget Approved by Mineral Resources (MRL) Including 15,000-Meter Winter Diamond Drill Program, Lithium Division, Manitoba\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n September 6\n \n \n th\n \n \n , 2023\n \n \n –\n \n \n TheNewswire -\n \n \n Rockport, Ontario - New Age Metals Inc. (TSXV:NAM\n \n \n )\n \n \n ;\n \n \n (\n \n \n OTC:NMTLF\n \n \n )\n \n \n ;\n \n \n (\n \n \n FSE:P7J.F) (“NAM” or\nthe “Company”) in conjunction with its Farm-in/Joint Venture\nagreement with Mineral Resources Ltd. (“MRL”) is pleased to\nannounce that a budget of C$7 million has been approved to fund\nadvancement of the Company’s Winnipeg River-Cat Lake Lithium\nProjects. The approved budget includes ongoing and recently completed\ngeophysical surveys, soil and rock geochemical sampling grids,\nmapping/prospecting, as well as 15,000 meters of diamond drilling set\nto commence early January 2024. The program is designed to test\nseveral target areas on the Lithium Two, Lithman West, Lithman East,\nCat Lake and Bird River properties.\n \n \n \n New Age Metals maintains an active exploration agreement with the\nSagkeeng First Nation and will be working with Sagkeeng on these\nprojects. The company is conducting its program with the support of\nits partners Mineral Resource Limited (MRL, ASX: MIN), a top global\nlithium producer, and its consultants Axiom Exploration Group.\n \n \n \n Chairman and CEO Harry Barr states; “We are\nexceptionally pleased to\n \n \n announce the largest lithium exploration budget in Manitoba for the\n2023/24 season\n \n \n . Our partner Mineral Resources\nclearly understands the exploration business and we are happy for\ntheir technical and financial support. New Age Metals was early in the\nManitoba rush to acquire large tracts of lithium and REE projects. Our\n2023/24 budget illustrates the confidence our combined companies have\nin the future of lithium and REEs in Manitoba.”\n \n \n \n \n \n \n Update\non 2023 Summer Program:\n \n \n \n \n \n \n The Company has recently completed 4,354 line-kms of\nAirborne Triaxial Magnetics, Radiometrics and LiDAR flown across all\nproperties. The results from the survey are currently being processed\nand w...