Business
Drill Program Encounters 2.45 g/t Pd+Pt+Au Over 28 m at the River Valley Platinum Group Metals Project, Sudbury Mining District, Ontario
(via TheNewswire) Highlights - A drill hole collared in main mineralized zone (D...
About this update from New Age Metals Inc
[{"type":"text","content":"Drill Program Encounters 2.45 g/t Pd+Pt+Au Over 28 m at the River Valley Platinum Group Metals Project, Sudbury Mining District, Ontario(via TheNewswire)\n\n \nHighlights\n\n\n \n\n\n- A drill hole collared in main mineralized zone (Dana North) encountered 2.45 g/t Pd+Pt+Au over 28m, including 7.12 g/t over 3m and 4.06 g/t over 6m with a second zone of 3.30 g/t Pd+Pt+Au over 4m \n\n\n\n- Drilling continues to encounter PGM mineralization in the footwall of the River Valley PGM Deposit with assays of 1.56 g/t Pd+Pt+Au over 9m, 1.41 g/t over 8m, 1.12 g/t over 17 m and 1.64 m of 7m were obtained from drilling in the footwall\n\n\n\n- Drilling has been focused on follow-up drilling to further test the continuation of the Pine Zone and Dana North Zone\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\n\n \nSeptember 20th, 2017 / TheNewswire / Vancouver, Canada - New Age Metals Inc. (TSX.V: NAM; OTCQB: PAWEF; FSE: P7J.F) is pleased to announce the first drill hole results of the 2017 drilling campaign. Drilling has focused on the Dana North (T3) and Pine Zone as a follow up of the 2015 and 2016 drilling at the River Valley PGM Deposit. \n\n\n \nHarry Barr, Chairman and CEO states, \"Drill results (Table 1) have confirmed continued PGM mineralization in the footwall to the main River Valley contact, where the current measured and indicated resources have been proven. At present the PGM mineralization has been extended for approximately 140 metres east of the previous known mineralization into the footwall of the identified resources. PGM mineralization in the Pine Zone has now been shown to extend to at least 300 m below surface. With continued drilling success, other new targets could extend along the 16kms of strike and at depth that have not been previously explored.\" \n\n\n \nA ground geophysical survey was carried out on the Pine Zone by Abitibi Geophysics (News Release: June 19th, 2017). The surface IP geophysical survey was designed to test the eastward and southward extension and dip/plunge of the Pine Zone as well as the adjacent Dana North Zone (Figure 1-2). The extension of the IP survey tested the Banshee Zone. Initial interpretations are complete and the final report has been completed. Several...