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New Age Metals Files Independent Technical Report for its Multi-Million Ounce River Valley Palladium Deposit
(TheNewswire) November 19, 2021 – TheNewswire - Rockport, Ontario - ...
About this update from New Age Metals Inc
[{"type":"text","content":"New Age Metals Files Independent Technical Report for its Multi-Million Ounce River Valley Palladium Deposit\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n November 19, 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\nannounce the filing of an independent Technical Report in accordance\nwith National Instrument 43-101 – Standards of Disclosure for\nMineral Projects (“NI 43-101) on its 100% owned River Valley\nPalladium Deposit, near Sudbury, Ontario.  The Technical Report,\ntitled “Technical Report and Updated Mineral Resource Estimate of\nthe River Valley Palladium Project, Dana, Janes, McWilliams, and Pardo\nTownships, Sudbury Mining Division, Ontario”, dated November 29,\n2021 (effective date September 14, 2021) has been prepared by P&E\nMining Consultants Inc., and is available on SEDAR (\n \n \n www.sedar.com\n \n \n ) under NAM’s issuer profile.\n \n \n \n Highlights of the updated 2021 Mineral Resource\nEstimate include:\n \n \n \n \n \n \n - At a cut-off of $CDN15/t NSR, pit\nconstrained Measured and Indicated Mineral Resources contain 2.25 Moz\nPd+Pt+Au within 89.0 Mt grading 0.79 g/t Pd+Pt+Au or at $CDN47.6/t NSR\nand Inferred Mineral Resources of 1.59 Moz Pd+Pt+Au within 92.7 Mt\ngrading 0.53 g/t Pd+Pt+Au or at $CDN31.1/t NSR.\n \n \n \n \n \n \n \n \n - At a CDN$25/t NSR cut-off, pit\nconstrained Measured and Indicated Mineral Resources contain 1.96 Moz\nPd+Pt+Au within 60.1 Mt grading 1.02 g/t Pd+Pt+Au or at CDN$60.5/t NSR\nand Inferred Mineral Resources contain 1.12 Moz within 48.4 Mt grading\n0.72 g/t Pd+Pt+Au or at CDN$41.5/t NSR.\n \n \n \n \n \n \n \n \n - Out-of-pit constrained Measured and\nIndicated Mineral Resources contain 31,000 ounces Pd+Pt+Au within\n642,000 tonnes grading 1.49 g/t Pd+Pt+Au or at CDN$88.5/t NSR and\nInferred Mineral Resources contain 62,000 ounces within 1.6 Mt grading\n1.21 g/t Pd+Pt+Au or at CDN$68.1/t NSR, at a CDN$50/t NSR cut-off.\n \n \n \n \n \n \n \n \n - The predominant contribution of Pd\n+ Pt to the NSR value (88.4%) is particularly noteworthy, given the\nrarity of such true platinum-group metal deposits in secure and\nestablished mining jurisdictions globally....