Business
New Age Metals and Azincourt Energy Lithium Joint Venture Extends the Eagle Pegmatite to the West with Phase Two Sampling Returning Values up to 3.8% Li2O at the Eagle Pegmatite, Cat Lake, SE Manitoba
(via TheNewswire) October 30th, 2018 / TheNewswire / Rockport, Canada - New Age Metals...
About this update from New Age Metals Inc
[{"type":"text","content":"New Age Metals and Azincourt Energy Lithium Joint Venture Extends the Eagle Pegmatite to the West with Phase Two Sampling Returning Values up to 3.8% Li2O at the Eagle Pegmatite, Cat Lake, SE Manitoba(via TheNewswire)\n \n\n\n\n- Mapping has extended the Eagle Pegmatite approximately 300 meters to the west of the company claim boundary\n\n\n\n- A second phase of surface sampling at the Eagle Pegmatite has returned assays up to 3.8% Li2O.\n\n\n\n- New Age Metals along with Option/Joint-Venture Partner Azincourt Energy Corp have 100% ownership of eight pegmatite hosted Lithium Projects in the Winnipeg River Pegmatite Field, located in southeast (SE) Manitoba\n\n\n\n- Exploration in SE Manitoba is focused on Lithium-bearing pegmatites. \n\n\n\n- The eight projects are strategically situated within the Winnipeg River Pegmatite Field, which hosts the world-class Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium minerals) in varying capacities, since 1969.\n\n\n\n- Present exploration is being conducted on the Lithium One Project.\n\n\n\n- Drill permits have been applied for on the Lithium Two and Lithium One Projects and the company is awaiting approval from the province.\n\n\n\n \n\n \nOctober 30th, 2018 / TheNewswire / Rockport, Canada - New Age Metals Inc. (NAM) (TSX.V: NAM; OTCQB: NMTLF; FSE: P7J.F) New Age Metals is pleased to provide an update on the present exploration program with regards to the company's Manitoba Lithium Projects. The company's Lithium Division, Lithium Canada Development, has an aggressive exploration plan for 2018. The Joint Venture with New Age Metals and Azincourt Energy, has eight Lithium Projects in the Winnipeg River Pegmatite Field, located in SE Manitoba (Figure 1). \n\n\n \nLithium Two Project\n\n\n \nTwo phases of surface exploration were carried out on the Lithium Two Project during the summer. Grab samples, channel samples and fractionation samples were collected. Fractionation samples will give an indication of the degree of fractionation of sampled pegmatites. Fractionated pegmatites are more conducive to containing Lithium and Rare Metal minerals. \n\n\n \n\n\n\nClick Image To View Full Size\n\n\n\n \n \nFigure 1: Manitoba Lithium Projects 2018 - New Age Metals/Azincourt Energy Joint Venture\n\n\n \nThe Lithium Two Project has several historica...