Business
New Age Metals Acquires New LCT Pegmatite Property in Northern Manitoba, Canada
(TheNewswire) February 14 th , 2023 – TheNewswire - Rockport, On...
About this update from New Age Metals Inc
[{"type":"text","content":"New Age Metals Acquires New LCT Pegmatite Property in Northern Manitoba, Canada\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 February 14\n \n \n th\n \n \n , 2023\n \n \n –\n \n \n TheNewswire -\n \n \n Rockport, Ontario - New Age Metals Inc. (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:P7J2) (“NAM” or\n“Company”) is pleased to report that it has acquired 4,338\nhectares of mineral claims in Northern Manitoba’s South Bay\npegmatite field which comprise the SouthBay Lithium project (figure\n1). All the claims are held by Lithium Canada Development, a 100%\nowned Lithium Division of New Age Metals, and are independent of the\nagreement NAM has with our partner, Mineral Resources Limited, in\nSouthern Manitoba (Winnipeg River Pegmatite Field).\n \n \n The South Bay pegmatite field is known to\nhost LCT type rare metal pegmatites of the beryl-columbite subtype,\nand the area is prospective for lithium and cesium.\n \n \n \n \n Harry Barr, CEO of New Age Metals, commented: “The\nproperty has excellent potential for lithium in a region that has been\nhistorically underexplored. These acquisitions confirm our commitment\nto our lithium division, adding another road-accessible property in a\nfavorable mining jurisdiction”.\n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n Figure\n \n \n \n \n 1\n \n \n - New Age Metal's\nSouthBay Lithium Project Location\n \n \n \n \n New Age Metals continues to expand it’s Manitoba\nLithium Division’s land holdings as a leading explorer for battery\nmetals in the province.\n \n \n New\nAge Metals has 11 projects in Southern Manitoba which are under option\nto Mineral Resources Limited, one of the top 5 lithium producers\nworldwide.\n \n \n \n \n \n \n About\nthe SouthBay Lithium Project\n \n \n \n \n The SouthBay Lithium Project consists of 19 claims\ncovering 4,338\n \n \n hectares and encapsulates the\nSouth Bay rare metal pegmatite dyke swarm in northwestern Manitoba.\nThe property is transected by an all-weather road and a power line.\nThe property is 65 kilometers east of the historic mining town of Leaf\nRapids and 40 kilometres east of the past producing Ruttan zinc-copper\nbase metal deposit.\n \n \n \...