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New Age Metals Announces Updated Mineral Resource Estimate of the River Valley Palladium Project: 2.3 Million M&I and 1.6 Million Inferred Pd+Pt+Au Ounces
(TheNewswire) October 5, 2021 – TheNewswire - Rockport, Ontario - Ne...
About this update from New Age Metals Inc
[{"type":"text","content":"New Age Metals Announces Updated Mineral Resource Estimate of the River Valley Palladium Project: 2.3 Million M&I and 1.6 Million Inferred Pd+Pt+Au Ounces\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n October 5, 2021 –\n \n TheNewswire -\n \n Rockport,\nOntario - New Age Metals Inc. (TSXV:NAM\n \n )\n \n ;\n \n (\n \n OTC:NMTLF\n \n )\n \n ;\n \n (\n \n FSE:P7J.F) (“NAM” or “Company”) is pleased to\nannounce the release of an independent National Instrument 43-101\n(“NI 43-101”) updated Mineral Resource Estimate for its 100% owned\nRiver Valley Palladium Project (“River Valley” or the\n“Project”) near Sudbury, Ontario\n \n (Figure 1).\n \n \n \n Harry Barr, Chairman and CEO of NAM, said, “We are\nvery pleased to substantially improve on the previous Mineral Resource\nEstimates completed for the River Valley Palladium Project. At a\nCDN$15/t NSR cut-off, Pd+Pt+Au grades and total Measured and Indicated\nMineral Resources increased compared to the previous updated 2019\nMineral Resource Estimate.\n \n \n The\npresence of higher-grade mineralization for many kilometres of\nstrike-length at River Valley at a wide range of cut-offs, within 100\nkm of the Sudbury mining and processing hub (\n \n \n see Figure 1\n \n \n ), bodes well for the ongoing\nPre-Feasibility Study\n \n \n .\n \n \n In\norder to better highlight the potential for economic mining at River\nValley, we graduated from a palladium metal grade equivalency used in\nthe 2019 Preliminary Economic Assessment to an NSR-based model in the\n2021 updated Mineral Resource Estimate. An advantage of this change is\nthat NSR less the cut-off NSR better showcases the potential positive\neconomics of the River Valley Project.\n \n \n The predominant contribution of palladium\nto the NSR clearly demonstrates that River Valley is a true PGM\ndeposit, which is very rare outside of southern Africa\n \n \n .\n \n \n In addition, ongoing and future\nexploration programs will target zones for converting Inferred to\nIndicated Mineral Resources and new zones nearby with potential to\nexpand the Mineral Resources.”\n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n Figure 1.\n \n \n Location of the River Valley Palladium Property relative to the City\nof Sudbury and established road ...