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2023/2024 Interim Budget of $2 Million Approved by Mineral Resources to Fund Summer/Fall Exploration Program, Lithium Division, Manitoba
(TheNewswire) May 24th, 2023 – TheNewswire - Rockport, Ontario - New Age Met...
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[{"type":"text","content":"2023/2024 Interim Budget of $2 Million Approved by Mineral Resources to Fund Summer/Fall Exploration 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 May 24th, 2023 –\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 regards with its Farm-in/Joint Venture agreement\nwith Mineral Resources Ltd. (“MinRes”). NAM is pleased to announce\nthat an interim budget of C$2 million has been approved by MinRes to\nfund the Project’s summer exploration program.\n \n \n The interim budget will cover all expenses\nrelated to the comprehensive summer work program including\ngeophysical, geochemical, and archaeological surveys that are pivotal\nto preparing for the winter drill program.\n \n \n The\napproved interim budget will commence with the summer program, while\nthe full budget is slated to be approved in July 2023. The Summer/Fall\nexploration work commenced on May 15\n \n \n th\n \n \n and\n includes:\n \n \n \n \n \n \n Geophysical Surveying\n \n \n \n \n \n \n Airborne Triaxial Magnetics – High-resolution survey\nto identify regional structural trends and localized controls of\npegmatite bodies to aid drill targeting\n \n \n \n \n \n \n Radiometrics - Efficient to identify U-, Th- and\nK-enriched pegmatites less than 0.5 m below ground surface.\n \n \n \n \n \n \n LiDAR – Identify outcroppings to guide summer field\nwork and can be used for environmental assessments\n \n \n \n \n \n \n \n \n Summer\nField Work\n \n \n \n \n \n \n Mapping – Complete updated property bedrock geology\nmaps with detailed structural analysis of pegmatite distribution and\ninternal zonation\n \n \n \n \n \n \n Lithogeochemistry – Property wide rock sampling to\ngather geochemical data on identified targets and develop drill\ntargets\n \n \n \n \n \n \n Mobile Metal Ion (MMI) Soil Geochemistry – Targeted\nsampling grids to identify pegmatite extensions and anomalous areas\nwhere surficial cover prohibits bedrock analysis\n \n \n \n \n \n \n Biogeochemistry – Orientation test lines over\nmi...