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New Age Metals Commences IP Survey Over the Banshee Zone of the River Valley Palladium Deposit
(TheNewswire) July 6, 2021 – TheNewswire - Rockport, Ontario - New A...
About this update from New Age Metals Inc
[{"type":"text","content":"New Age Metals Commences IP Survey Over the Banshee Zone of the River Valley Palladium Deposit\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n July 6, 2021 –\n \n TheNewswire -\n \n Rockport, Ontario\n- 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 start of an induced polarization (“IP”) geophysical\nsurvey over the Banshee Zone of its 100% owned River Valley Palladium\nProject near Sudbury, Ontario (\n \n Figure 1\n \n ). A\npermit for the IP survey has been issued to NAM by the Ontario\nMinistry of Energy, Northern Development and Mines. The IP survey is\nbeing carried out by Abitibi Geophysics (Val-d’Or, Quebec).\n \n \n \n IP Survey\n \n \n \n The IP survey option selected for Banshee is Abitibi Geophysics’\nOreVision 3D, which is the configuration to be field deployed has a\ndepth of investigation of up to 485 m below surface.\n \n The IP survey will be completed over a newly cut 10 line-km grid\n(Figure 2).  The new line-grid overlaps with the limit of previous IP\nsurveys (2017 and 2018) in the Grenvillian footwall and the River\nValley Intrusion hanging wall rocks to Banshee, plus the Banshee Zone\nitself. The position of the Banshee Zone is known from drilling and\nmineralized surface outcrops.\n \n \n From the end of June start date, the IP survey should be completed in\nabout 1 week of starting and an interpretation report delivered in 1\nmonth of completion. The IP survey data will be processed and inverted\nto aid identification of IP chargeability features of interest outside\nthe known extents of the Banshee Zone for drill testing.  The IP\nsurvey is designed to detect chargeability features along the faults\ncutting at high-angle to the basal contact (Figure 2), which may\ncontain structurally-controlled mineralization. The Pine Zone is the\nbest-known example of what could be structurally-controlled\nmineralization at River Valley.\n \n A\n5,000 m exploration and infill drill program is provisionally planned\nat River Valley in 2021, mainly at the Banshee Zone.\n \n \n \n \n Banshee Zone Background\n \n \n \n The Banshee Zone was drilled between 2002 and 2004 and is currently\ndefined in 22 diamond drill holes totalling 4,274 metres. The Z...