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New Age Metals Commences Maiden Drill Program at its Lithium Two Project in Southeastern Manitoba, Canada
(TheNewswire) October 18 th , 2021 – TheNewswire - Rockport, Ont...
About this update from New Age Metals Inc
[{"type":"text","content":"New Age Metals Commences Maiden Drill Program at its Lithium Two Project in Southeastern Manitoba, Canada\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n October 18\n \n th\n \n , 2021 –\n \n TheNewswire -\n \n Rockport, Ontario - New Age Metals\nInc. (TSXV:NAM\n \n )\n \n ;\n \n (\n \n OTC:NMTLF\n \n )\n \n ;\n \n (\n \n FSE:P7J2) (“NAM” or “Company”) is pleased to\nannounce that its maiden drill program on its Lithium Two Project that\nis part of its Manitoba lithium division has commenced. The Company\nplans to drill a minimum of 1,500 metres. The program is going to\nconsist of drilling 8 shallow holes to a maximum depth of 200 metres\nbelow surface.\n \n \n \n \n \n - A minimum 1,500-metre maiden drill program at the\nCompany’s Lithium Two Project has commenced.\n \n \n \n \n - The program is financed by Mineral Resources Ltd.\n(MRL), the worlds fifth largest lithium producer, as per the agreement\nbetween NAM and MRL that was the subject of a September 28 press\nrelease.\n \n \n \n \n - NAM has also contracted geological consultancy, Axiom\nExploration to manage the drill program on behalf of the Company, and\nManitoba-based Rodren Drilling to complete the work.\n \n \n \n \n - Lithium Two hosts a historic non-NI 43-101 compliant\nmineral resource of 544,000 tonnes at 1.4% Li\n \n \n 2\n \n \n O to a depth of 60 metres (Source:\nManitoba Mineral Index Cards). *This amount has not been confirmed by\na qualified person at this time.\n \n \n \n \n - The Eagle Pegmatite is the primary target for the\nmaiden drill program. It is exposed on surface and was last drilled in\n1948.\n \n \n \n \n - Surface sampling programs at the Eagle Pegmatite\nconducted by NAM has yielded assays up to 3.8% Li\n \n \n 2\n \n \n O.\n \n \n \n \n - NAM has an active exploration agreement with the\nSagkeeng First Nation and will be working in partnership with members\nof Sagkeeng.\n \n \n \n \n - NAM is the largest mineral claim holder in the\nWinnipeg River Pegmatite Field. All of the claims are held by Lithium\nCanada Development, a wholly owned subsidiary of NAM\n \n \n \n \n \n Harry Barr, Chairman & CEO commented: “This maiden drill program\nin Manitoba is a significant milestone for the Company. We have\nfulfilled our stated objectives for the lithium division to date by\nacquiring a robust lan...