Business
New Age Metals Commences IP Geophysical Survey at River Valley Project
(via TheNewswire) - Closed $2,614,762 Private Placement, April 27, 2017 - Abitib...
About this update from New Age Metals Inc
[{"type":"text","content":"New Age Metals Commences IP Geophysical Survey at River Valley Project(via TheNewswire)\n \n \n\n\n- Closed $2,614,762 Private Placement, April 27, 2017\n\n\n\n- Abitibi Geophysics has commenced a surface IP geophysical program.\n\n\n\n- River Valley is the Largest Undeveloped Primary PGM resource in Canada, with 2.5 Moz PGM, in Measured Plus Indicated mineral resources and near-surface mineralization covering over 16kms of strike.\n\n\n\n- New discoveries in 2015 and 2016 continue to show the positive upside for the River Valley PGM Deposit\n\n\n\n- Summer/Fall diamond drilling will commence upon completion of the IP geophysical survey and will consist of ~5000 metre program.\n\n\n\n \n \nJune 6th, 2017 / TheNewswire / Vancouver, Canada - New Age Metals Inc. (TSX.V: NAM; OTCQB: PAWEF; FSE: P7J.F) is pleased to announce that the line cutting of the Pine Zone Grid is complete at the River Valley PGM Project in northwest Ontario and the Induced Polarization (IP) geophysical survey has begun. During a recent review of the past data, the line cutting and IP work has been planned to extend in other areas.\n\n \n \nThe Pine Zone is one of numerous prospective PGM zones (Figure 1) within the district-scale River Valley PGM Project and was most recently drilled in the fall of 2016 (press release December 13, 2016). The 2016 drill program confirmed the higher-grade, near-surface PGM discovery made in the 2015 drill program (press release March 11, 2015) and highlighted the continuity of the mineralization for 200 metres along strike and 100-200 metres depth at the Pine Zone. The Pine Zone remains open along strike and at depth. This re-interpretation of the River Valley Deposit and its mineralization has the potential of advancing the project to a strong economic stage. The surface geophysical survey will test the potential for eastwards and southwards extension of the Pine Zone as well as the adjacent Dana North Zone (Figure 2). The survey will aid in the generation of new targets for follow up drill testing. The diamond drill crew is on standby awaiting the completion and interpretation of the present IP geophysical survey.\n\n \n \nApproximately 2 km of untested potential for discovery of additional mineralization presently exists along strike between the current drilled extent of the Pine Zone and the underexplored Pardo Zone to the ...