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New Age Metals Exploration and Development Update - Platinum Group Metals Division-Ontario, and Lithium Division-Manitoba
(via TheNewswire) - River Valley is the largest undeveloped primary PGM resource in Ca...
About this update from New Age Metals Inc
[{"type":"text","content":"New Age Metals Exploration and Development Update - Platinum Group Metals Division-Ontario, and Lithium Division-Manitoba(via TheNewswire)\n \n \n\n\n- River Valley is the largest undeveloped primary PGM resource in Canada, with 3.9Moz PdEq in Measured Plus Indicated including an additional 1.2Moz 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.\n\n\n\n- Updated NI 43-101 resource calculations with WSP Canada have commenced and the report is expected to be completed in Q1-2018.\n\n\n\n- Ground IP geophysics in progress to test the footwall regions of the T4 to T9 anomalies. \n\n\n\n- Footwall PGM mineralization is a new and additional source of PGMs at the River Valley project and it will be included in the new resource model.\n\n\n\n- Mineralogical testing is ongoing in Sudbury at Expert Process Solutions (XPS). \n\n\n\n- The price of Palladium, the prominent metal at River Valley is trading at $1,083.15USD (March 2018) near its all-time high based on limited supply and increasing demand.\n\n\n\n- A minimum of $500,000 will be expended in 2018 on the companies Lithium division by New Age Metals option/joint venture partner Azincourt Energy Corp. (TSX.V: AAZ) (see news release dated January 15th, 2018).\n\n\n\n- Lithium management committee formed and first meeting to decide on Phase 1 of the 2018 program slated for early February. \n\n\n\n\n \nFebruary 7th, 2018 / TheNewswire / Vancouver, Canada - New Age Metals Inc.(NAM) (TSX.V: NAM; OTCQB: PAWEF; FSE: P7J.F) Harry Barr, Chairman & CEO, stated; \"We are pleased to update our shareholders and interested parties as to our present exploration program on our River Valley PGM project and our 5 Manitoba Lithium Projects. Due to improved metal prices, investors sentiment and increased demand for the metals we explore for, 2018 appears to be the start of a banner year for both NAM and the junior exploration industry. Both of the company's mineral divisions have aggressive exploration and development plans for 2018 and the balance of this release will provide you with more specific details.\"\n\n\n \nRiver Valley PGM Deposit, Sudbury, Ontario: Ground IP Geophysics Underway\n\n\n \nThe current geophysical survey on our River Valley PGM Project is...