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New Age Metals Announces Second Phase Drilling Results on the Lithium Two Project, MB
(TheNewswire) May 13 th , 2023 – TheNewswire - Rockport, Ontario -...
About this update from New Age Metals Inc
[{"type":"text","content":"New Age Metals Announces Second Phase Drilling Results on the Lithium Two Project, MB\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 \n \n \n \n \n \n \n \n \n \n \n \n May 13\n \n \n th\n \n \n , 2023\n \n \n –\n \n \n TheNewswire -\n \n Rockport, Ontario -\nNew Age Metals Inc.\n \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:P7J2)\n \n (“NAM” or the “Company”) in conjunction with its\npartners Mineral Resources Limited (“MinRes”) is pleased to report\nthe results for its second phase drilling at Lithium Two Project that\nis part of its Manitoba Lithium Division. The program was completed in\nMarch and consisted of 16 diamond drill holes, totalling 3,086 metres.\nDrilling tested the down dip extension of Eagle Pegmatites high grade\nzone intersected in the phase one drill program, as well as\nexploratory drilling testing nearby pegmatites and magnetic low\nanomalies/structures identified in the 2021 detailed UAV magnetics\nsurvey.\n \n \n \n Highlights:\n \n \n \n \n \n \n The drill program successfully\nintersected spodumene bearing pegmatite in all drill holes targeting\nthe Eagle Pegmatite with a consistent steeply dipping orientation.\n \n \n \n \n \n \n Drilling extended the known high\ngrade Li mineralization zone below 150 m vertically and remains open\nat depth.\n \n \n \n \n \n \n 2023 assays include 1.08 %\nLi\n \n \n O over 8.7 m (LT-23-21),\n1.06% Li\n \n \n O over 6.85 m\n(LT-23-16), 1.06 % Li\n \n \n O over\n5.9 m (LT-23-24).\n \n \n \n \n \n \n Newly encountered spodumene bearing\nlenses proximal to FD No. 5 Pegmatite warrant further\nexploration.\n \n \n \n \n \n \n The Company is in the process of\napplying for 2024 winter drilling permits to test additional targets\non the property.\n \n \n \n \n \n \n The Project is located 38 km from\nTanco Mine, and lies along trend of the Donner Lake Lithium Project\nand the Irgon Pegmatite.\n \n \n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n Figure 1: LT-23-21 Spodumene mineralization, 221.0 m -\n221.4 m\n \n \n \n \n Table 1\n \n \n : 2023 Lithium Two Drill Hole Assay\nHighlights Table\n \n \n \n \n \n \n Hole ID\n \n \n \n \n to (m)\n \n \n \n \n from (m)\n \n \n \n \n Interval*\n \n (m)\n \n \n...