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New Age Metals Delivers Update on Pre-Feasibility Study of the River Valley Palladium Project
(TheNewswire) November 10, 2021 – TheNewswire - Rockport, Ontario - ...
About this update from New Age Metals Inc
[{"type":"text","content":"New Age Metals Delivers Update on Pre-Feasibility Study of the River Valley Palladium Project\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n November 10, 2021 –\n \n TheNewswire -\n \n Rockport,\nOntario - 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\ndeliver an update on the Pre-Feasibility Study and exploration\nactivities at the River Valley Palladium Project near Sudbury,\nOntario.\n \n Since the previous update was announced in a Company press release\ndated August 17, the Mineral Resource Estimate of River Valley has\nbeen updated and progress has been made advancing the mineral\nprocessing and metallurgical, geomechanical and geotechnical, and\nenvironmental and community relations work components of the\nPre-Feasibility Study. Concurrently, NAM completed an initial phase of\ndrilling at the Banshee Zone and excavated a new exploration trench\nnear the Dana South Zone (Figure 1), to further explore the palladium\npotential in this area.\n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n Figure 1.\n \n \n Geology map of the northern area of the River Valley Palladium deposit\nnear Sudbury, Ontario. Palladium mineralized zones projected to\nsurface. Mineral Resource Estimates using CDN$15/t Net Smelter Royalty\n(“NSR”) cut-off (see Company press release dated October 5, 2021).\nThe Huronian, Grenville and Nipissing geological units excluded for\nillustration clarity.\n \n \n \n \n Pre-Feasibility Study\n \n \n \n \n Updated Mineral Resource\nEstimate\n \n \n \n The updated Mineral Resource Estimate by P&E Mining Consultants\nInc (Brampton) (“P&E) was announced in a Company press release\ndated October 5, 2021 and will underpin the ongoing Pre-Feasibility\nStudy. At cut-offs of CDN$15/t NSR (pit constrained) and CDN$50/t NSR\n(out-of-pit), the Mineral Resource Estimate consists of: 89.6 Mt\ngrading 0.54 g/t Pd, 0.21 g/t Pt, 0.04 g/t Au and 0.06% Cu, or\nCDN$47.58 NSR/t in the Measured and Indicated classifications; and\n94.3 Mt grading 0.35 g/t Pd, 0.16 g/t Pt, 0.03 g/t Au and 0.06% Cu, or\nCDN$31.69 NSR/t in the Inferred classification. Contained metal\ncontents are 2.3 Moz Pd+Pt+Au in the Measured and Indicated\nclassifications and 1.6 Moz Pd+Pt+Au in the...