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NAM Further Demonstrates Presence of Rhodium at the River Valley Palladium Project Near Sudbury, Ontario
(TheNewswire) Highlights - Rhodium (Rh) is the mo...
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[{"type":"text","content":"NAM Further Demonstrates Presence of Rhodium at the River Valley Palladium Project 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 Highlights\n \n \n \n \n \n \n - Rhodium (Rh) is the most valuable\nplatinum group metal (PGM), with recent spot price highs of over\n$US24,000/oz Rh, nearly 18 times higher than Pt\n \n \n \n \n - 303 Rh assay results reported for the Pine Zone of\nthe River Valley Deposit\n \n \n \n \n - Highest assay result is 0.177 g/t Rh, with 9 other\nsamples returned assays at or greater than 0.100 g/t Rh and a total of\n50 samples returned assays higher than 0.050 g/t Rh\n \n \n \n \n - The highest Rh concentrations coincide with the\nhighest palladium (Pd) and platinum (Pt) grades\n \n \n \n \n - Rh concentrations in the River Valley Deposit are\nequivalent to 12% of the Pt grades\n \n \n \n \n - Based on encouraging results from\nphase 1, subsequent phases of the multi-phase Rh evaluation program\nwill take samples of PGM mineralized intervals from the Dana South and\nLismer zones\n \n \n \n \n - The River Valley Deposit is one of North Americas\nlargest undeveloped primary platinum-group metal projects with 2.867\nMoz Palladium Equivalent (PdEq) in the Measured + Indicated\nclassifications and 1.059 Moz Pd Eq in the Inferred classification\n \n \n \n \n \n \n Rockport, Canada –\n \n \n TheNewswire\n-\n \n \n March 2, 2021 - New Age Metals Inc. (NAM)\n(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) (“NAM” or the “Company”) announces\ncompletion of Phase 1 of an ongoing Rh assay program on the River\nValley Palladium Deposit near Sudbury, Ontario (Figure 1). Phase 1 of\nthe Rh assay program collected 303 pulp samples from 17 mineralized\nintervals in 14 drill holes through the Pine Zone. The samples were\nselected to provide Rh data for mineralization in two cross-sections\nspaced 50 metres apart through the Pine Zone, located near the north\nend of the 16 km long River Valley Deposit (Figure 1).  In addition\nto Rh, the samples were also assayed for gold (Au), iridium (Ir),\npalladium (Pd), platinum (Pt), and ruthenium (Ru). The assays were\ncompleted on 2015-2020 drill core sample pulps at the Geoscience\nLaboratories in Sudbury.\n \n \n \n \n The new Rh...