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New Age Metals Completes Mineralogical PGM Report and Lithium/PGM Division Updates
(via TheNewswire) - First round of mineralogical test work completed at Expert Process...
About this update from New Age Metals Inc
[{"type":"text","content":"New Age Metals Completes Mineralogical PGM Report and Lithium/PGM Division Updates(via TheNewswire)\n \n \n\n\n- First round of mineralogical test work completed at Expert Process Solutions (XPS) Sudbury, Ontario. \n\n\n\n- Four composite samples were created from typical grade Pine Zone, high-grade Pine Zone, typical grade Dana Zone, and high-grade Dana Zone from existing samples. \n\n\n\n- This program focused on both Platinum Group Metals (PGM) and base metal mineralogy, using QEMSCAN, EPMA, and LA-ICP-MS technologies to characterize the samples.\n\n\n\n- The overall results of this program were positive and will help advance the River Valley PGM Project towards our proposed Preliminary Economic Assessment (PEA).\n\n\n\n- River Valley is the largest undeveloped primary PGM resource in Canada, with 4.6 Moz PdEq in Measured Plus Indicated including an additional 2.6 Moz PdEq in Inferred. The River Valley PGM Project has excellent infrastructure and is within 100 kilometers of the Sudbury Metallurgical Complex. The project is 100% owned by New Age Metals (see news release dated March 21st, 2018).\n\n\n\n- Ground IP geophysics has recently been completed and tested the footwall regions of the T4 to T9 anomalies. The report is expected by end of April. Footwall PGM mineralization is a new and additional source of PGMs at the River Valley project (see Figure 1 & 2 in the body of this press release). \n\n\n\n\n \n\n\n- Lithium Division: As field manager, NAM is currently preparing for the spring/summer exploration program where a minimum of $500,000 is to be expended in 2018 on the company's five Lithium projects in Manitoba (see news release dated January 15th, and February 22nd, 2018). The 2018 budget will allow for 2 out of the 3 drill ready projects to be drilled. \n\n\n\n- Alaska: On April 4th, NAM announced that it had signed a binding Letter of Intent (LOI) with Avalon Development Corp. in Alaska. This agreement will allow NAM to acquire PGM projects in the State in the future. See April 4th, 2018 press release for more details and to opt-in for NAM's press releases: Click Here\n\n\n\n\n \nApril 11th 2018 / TheNewswire / Rockport, Canada - New Age Metals Inc. (NAM) (TSX.V: NAM; OTCQB: NMTLF; FSE: P7J.F) Harry Barr, Chairman & CEO, stated; \"The company is pleased to update our shareholders on the first and positive ro...