Business
New Age Metals Announces Update on 2022 Summer Exploration Activities, Lithium Division, Manitoba
(TheNewswire) August 3 rd , 2022 – TheNewswire - Rockport, Ont...
About this update from New Age Metals Inc
[{"type":"text","content":"New Age Metals Announces Update on 2022 Summer Exploration Activities, Lithium Division, Manitoba\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 August 3\n \n \n rd\n \n \n , 2022 –\n \n \n TheNewswire\n-\n \n \n Rockport, Ontario - New Age Metals Inc.\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.F) (“NAM” or the “Company”) in conjunction\nwith its partner Mineral Resources Ltd. is pleased to provide an\nupdate on the present exploration program with regards to the\ncompany’s Manitoba Lithium Projects. Property wide reconnaissance,\ngeological mapping, and surface sampling was initiated in early June.\n120 bedrock samples have been collected and submitted to SRC\nLaboratories in Saskatoon, SK for analysis. The objective of this\nprogram is to outline new drill targets on projects that are not yet\nat the drill stage.\n \n \n The\ncompany continues its comprehensive summer exploration program and is\nmaking final preparations for an upcoming maiden diamond drill program\non the Lithium One Property historic Silverleaf target which is slated\nto begin at the end of August\n \n \n \n \n Highlights\n \n \n \n \n \n \n 2022 property wide prospecting and mapping program\ncontinues with first batch of surface grab samples submitted for\nanalysis.\n \n \n \n \n \n \n Magnetics and Lidar survey completed over the Lithium\nOne and Lithman East Extension properties with results expected late\nJuly.\n \n \n \n \n \n \n Final preparations in progress for the maiden drilling\nprogram on the Lithium One Property Silverleaf target.\n \n \n \n \n \n \n The projects are strategically situated within the\nWinnipeg River Pegmatite Field, which hosts the world class Tanco\nPegmatite that has been mined for Tantalum, Cesium and Lithium in\nvarying capacities, since 1969.\n \n \n \n \n \n \n New Age Metals is the largest claim-holder in the\nWinnipeg River Pegmatite Field. There, the Company’s exploration\nactivities are being funded by Mineral Resources Limited (MRL), a top\n5 global lithium producer.\n \n \n \n \n \n \n The 2022 budget for our Manitoba Lithium Division is\n$1.8 million.\n \n \n \n \n \n \n Initial field work has been focussed on areas of\ninterest identified by historical data ...