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New Age Metals Completes IP Geophysical Survey on Pine Zone and Extended to the Banshee Zone at River Valley Project
(via TheNewswire) -Abitibi Geophysics has completed a surface IP geophysical program on th...
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[{"type":"text","content":"New Age Metals Completes IP Geophysical Survey on Pine Zone and Extended to the Banshee Zone at River Valley Project(via TheNewswire)\n \n \n-Abitibi Geophysics has completed a surface IP geophysical program on the Pine Zone.\n\n\n \n-IP survey extended to Banshee Zone.\n\n\n \n-Drilling is planned to commence in mid-July with a ~5000 metre 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 \nVancouver, Canada / TheNewswire / June 19th, 2017 - New Age Metals Inc. (TSX.V: NAM; OTCQB: PAWEF; FSE: P7J.F) is pleased to announce that the Induced Polarization (IP) geophysical survey is now complete on the Pine Zone and extended to the Banshee Zone at the River Valley PGM Project in northwest Ontario. \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. \n\n \n \nThe surface IP geophysical survey tested 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. A complete interpretation of the IP geophysical results will be carried out by Abitibi Geophysics, which will include drill recommendations. Drilling is scheduled to begin mid-July of 2017 with a program of ~5000 metres. \n\n \n \nApproximately 2 km of untested potential for the discovery of additional mineralization presently exists along the trend between the current drilled extent of the Pine Zone and the underexplored Pardo Zone to the northwest (Figure 2). The Banshee Zone is approximately 2 km to the southeast along the trend of the River Valley PGM Zo...