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Lithium Division-Manitoba and Platinum Group Metals Division-Ontario Exploration and Development Update
(via TheNewswire) - A minimum of $500,000 will be expended in 2018 on the companies Li...
About this update from New Age Metals Inc
[{"type":"text","content":"Lithium Division-Manitoba and Platinum Group Metals Division-Ontario Exploration and Development Update(via TheNewswire)\n \n \n\n\n- A minimum of $500,000 will be expended in 2018 on the companies Lithium division by New Age Metals (NAM) option/joint venture partner Azincourt Energy Corp. (TSX.V: AAZ) \n\n\n\n\n \n(see news release dated January 15th, 2018).\n\n\n \n\n\n- Lithium management committee formed and first management committee meeting complete. \n\n\n\n- The Lithium Division's 5 projects, 3 of which are drill ready, cover over 6,000 hectares and are one of the largest claim holdings in the Winnipeg River Pegmatite field (64 square kilometres).\n\n\n\n- NAM's technical team is the field manager of the project and is currently finalizing a Phase 1 exploration plan for 2018. Further announcements will be forthcoming. \n\n\n\n \n \n\n\n- PGM Division: River Valley is the largest undeveloped primary Platinum Group Metals (PGM) resource in Canada, with 3.9Moz PdEq in Measured Plus Indicated including an additional 1.2Moz PdEq in Inferred. The 100% owned River Valley PGM Project has excellent infrastructure and is within 100 kilometers of the Sudbury Metallurgical Complex. \n\n\n\n- Updated NI 43-101 resource calculations with WSP Canada have commenced and the report is expected to be completed in Q1-2018.\n\n\n\n- Ground IP geophysics in progress to test further footwall regions of the T4 to T9 anomalies for additional footwall mineralization \n\n\n\n- Mineralogical testing is ongoing in Sudbury at Expert Process Solutions (XPS). \n\n\n\n- The price of Palladium, the prominent metal at River Valley is trading at $1,028.30USD (March 2018) near its all-time high based on limited supply and increasing demand.\n\n\n\n\n \nFebruary 22nd, 2018 / TheNewswire / Vancouver, Canada - New Age Metals Inc.(NAM) (TSX.V: NAM; OTCQB: PAWEF; FSE: P7J.F) Harry Barr, Chairman & CEO, stated; \"We are pleased to update our shareholders and interested parties as to our present exploration program on our 5 Manitoba Lithium Projects and update you on our River Valley PGM project. Both of the company's mineral divisions have aggressive exploration and development plans for 2018 and the balance of this release will provide you with more specific details.\" \n\n\n \nExploration Plans for Lithium Division 2018\n\n\n \nThe Company has five pegmatit...