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New Age Metals Completes Phase 3 Rhodium Geochemistry Study of the River Valley Palladium Project
(TheNewswire) Rhodium (Rh) (~US$ 7,950/ ounce, dated 9 st May 2023) is the most...
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[{"type":"text","content":"New Age Metals Completes Phase 3 Rhodium Geochemistry Study of the River Valley Palladium Project\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Rhodium (Rh) (~US$ 7,950/ ounce,\ndated 9\n \n \n st\n \n \n May 2023) is the most\nvaluable platinum group metal (PGM), with recent spot price highs of 5\ntimes higher than Pd and 7 times higher than Pt\n \n \n \n \n \n \n 552 Rh new assay results for the Dana and Lismer Zones\nof the River Valley Palladium Deposit\n \n \n \n \n \n \n Highest assay result is 0.306 g/t Rh, with 33 more\nsamples returned assays ≥0.100 g/t Rh and a total of 113 samples\nreturned assays 0.050 g/t Rh\n \n \n \n \n \n \n The highest Rh concentrations generally coincide with\nthe highest palladium (Pd) and platinum (Pt) grades\n \n \n \n \n \n \n Rh concentrations in the River Valley Deposit are\nequivalent to approximately 9% of Pt grades\n \n \n \n \n \n \n Based on encouraging results from\nPhases 1 to 3, subsequent phases of this multi-phase Rh evaluation\nprogram will take samples of PGE mineralized intervals from more of\nthe mineralized zones for assay analysis and PGE mineralogical\nstudies\n \n \n \n \n \n \n The River Valley Deposit is one of North Americas\nlargest undeveloped primary platinum-group metal projects with 2.3 Moz\nPd+Pt+Au in the Measured + Indicated classifications and 1.6 Moz\nPd+Pt+Au in the Inferred classification\n \n \n \n \n \n \n Rockport, Canada –\n \n \n TheNewswire\n-\n \n \n May 9, 2023 - New Age Metals Inc. (NAM)\n(TSXV:NAM\n \n \n )\n \n \n ;\n \n \n (\n \n \n OTC:NMTLF\n \n \n )\n \n \n ;\n \n \n (\n \n \n FSE:P7J) (“NAM” or the “Company”) announces\ncompletion of the Rh geochemistry study of the River Valley Palladium\nDeposit, 100 km east of Sudbury, Ontario.\n \n \n Phase 3 of the Rh geochemistry study\ncollected 552 ¼ HQ core samples from four metallurgical drill holes\ncompleted in 2021 within the Dana North, Dana South, Lismer North and\nLismer Ridge Zones\n \n \n .\n \n \n This announcement presents new Rh assay\ndata for these 552 samples.\n \n \n These zones are\nlocated in the northern 5-km of the 16 km-long River Valley Palladium\nDeposit (Figure 1). In addition to Rh, the core samples were also\nassayed for gold (Au), irid...