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Drilling to Commence: New Age Metals Updates Exploration Plans for the River Valley Palladium Property Near Sudbury, Ontario
(TheNewswire) September 8, 2022 – TheNewswire - Rockport, Ontario - New ...
About this update from New Age Metals Inc
[{"type":"text","content":"Drilling to Commence: New Age Metals Updates Exploration Plans for the River Valley Palladium Property Near Sudbury, Ontario\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 September 8, 2022\n \n –\n \n TheNewswire -\n \n Rockport, Ontario - New Age Metals Inc.\n(TSXV:NAM\n \n )\n \n ;\n \n (\n \n OTC:NMTLF\n \n )\n \n ;\n \n (\n \n FSE:P7J.F) (“NAM” or “Company”) is pleased to\nannounce updated exploration plans for its River Valley Palladium\nProperty, located 100 km east of the City of Sudbury in northeastern\nOntario (Figure 1). Several exploration targets have been worked-up,\nranked and prioritized from drill testing in fall 2022 and winter\n2023.\n \n The highest ranked targets\nfor drill testing are the Dana South Zone-Extension target, the Dana\nSouth Zone-SET target, Pine Zone, and Banshee Zone\n \n (Figure2). A\ndiamond drill rig has been mobilized to site and is set to commence a\nPhase 1 drill program at the Dana South Zone-Extension target.\n \n \n \n The Dana\nSouth Zone-Extension Target\n \n \n \n The Dana South Zone-Extension target was recently identified from core\nassays of drill hole\n \n KP21-05, which returned\n \n 1.129 g/t\nPd+Pt+Au (“3E”) over 84 m\n \n within the favourable Breccia\nUnit of the River Valley Intrusion (Figure 2). This higher-grade\nmineralization extends southeastward beyond the previously\ninterpreted, faulted-limited boundary of the Dana South Zone, and\ntherefore\n \n represents a recently\nrecognized opportunity to expand this key zone in that direction.\n \n \n The plan is\nto test this expansion opportunity in a 5-hole, 1550 m drill program\nduring September.\n \n \n \n \n These 5 drill holes will be completed\non two cross-sections to test for presence of the higher-grade\nmineralization many tens of metres up-dip and down-dip and southeast\nalong strike of the KP21-05 intersection. Diamond drilling commenced\nSeptember 6\n \n \n th\n \n \n and should be completed\nby the end of the month. Updates will be forthcoming pending progress\nand results.\n \n \n The location of Dana South in the northern area of River Valley\nProject (Figure 1) makes it a very important mineralized zone in the\nongoing Pre-Feasibility Study.\n \n \n \n \n Next Steps\nin Pd Exploration\n \n \n \n Following co...