Business
NAM Provides PGM and Lithium Exploration Update
(TheNewswire) November 5, 2020 - TheNewswire - Rockpo...
About this update from New Age Metals Inc
[{"type":"text","content":"NAM Provides PGM and Lithium Exploration Update\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 November 5, 2020 -\n \n \n TheNewswire -\n \n \n Rockport, Canada - New Age Metals Inc.\n(NAM) (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)\n \n \n (\"NAM\" or the \"Company\")\n \n \n NAM is pleased to provide an update on exploration activities\nfor the Company's two green metal divisions.\n \n \n \n \n Chairman and CEO, Harry Barr stated, \"In the last\nweek we have delivered over 300 River Valley samples from our core\nstorage facility to Geolabs in Sudbury from which we expect assay\nresults returned in early December. The analytical packages used at\nthe lab will test for rhodium, palladium, platinum, ruthenium and\niridium. Additionally, our field team in Manitoba have collected over\n80 rock samples to be sent to Saskatchewan Research Council\nlaboratories from our Lithium One Project. A second phase of rock\nsampling and mapping begins this week.\"\n \n \n \n \n \n Exploration Update\n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n On\n \n \n \n \n September\n29\n \n \n \n \n the Company announced its plans\nfor the third phase of exploration and development work at the\nflagship River Valley Palladium Project which includes the initiation\nof a project wide rhodium evaluation program and the second round of\nenvironmental baseline work in 2020. Story Environmental have\nscheduled the delivery of a final report presenting their work for the\nend of January 2021.\n \n \n The\nstated objective of the rhodium evaluation program is to ultimately\nevaluate the feasibility of including rhodium as a payable metal as\npart of the River Valley Project's payable metal suite\n \n \n , that includes palladium, platinum, gold, copper, and\nnickel. The work in the final quarter of 2020 will focus on assaying\nhistorical River Valley samples for rhodium and other metals. This\nwork will require follow-up metallurgical test work to prove rhodium\nrecoverability.\n \n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n The Company's River Valley core\nstorage facility holds core from over 700 holes\n \n \n (above)\n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n Pictured\n \n \n above are field cr...