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New Age Metals Further Confirms Higher Grades in Metallurgical Drill Holes at Dana and Lismer Zones, River Valley Palladium Project
(TheNewswire) March 1, 2022 – TheNewswire - Rockport, Ontario - New ...
About this update from New Age Metals Inc
[{"type":"text","content":"New Age Metals Further Confirms Higher Grades in Metallurgical Drill Holes at Dana and Lismer Zones, River Valley Palladium Project\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n March 1, 2022 –\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\nprovide an update on its metallurgical study program at its 100% owned\nRiver Valley Palladium Project (the “Project” or Property”), 100\nkm east of the City of Sudbury, Ontario. This study is being carried\nout as a key component of the ongoing Pre-Feasibility Study of the\nRiver Valley Palladium Project (see Company press release dated April\n12, 2021).\n \n \n \n Metallurgical Sample Assay\nProgram\n \n \n \n Further to the announcement dated November 10, 2021, NAM has now\nreceived metre-by-metre assay results from SGS for all four of the\nmetallurgical holes drilled at River Valley in 2021\n \n (Figure 1; Table 1).\n \n Four short\ndiamond holes were drilled inside the River Valley Deposit, one each\nat the Dana North, Dana South, Lismer North and Lismer Ridge\nMineralized Zones\n \n (Table 2). These HQ-size drill holes were\nplanned to validate mineralized zone models and maximize recovery of\nfresh mineralized sample material for the mineral processing and\nmetallurgical testwork studies. The Dana Zones and the Lismer Zones\nwere selected for study, because they are the most assessible and the\nbest understood of the ten known palladium mineralized zones (Figure\n2), and therefore the most probable starting location for any\npotential mining operation at River Valley. The four drill holes\nintersected palladium mineralization in gabbroic rocks of the host\nBreccia Unit for almost the entire length of each hole. The palladium\nmineralized intersections are summarized below.\n \n \n The\n \n Dana North Zone\n \n hole\n(DN-21-01m) was drilled for 201 m obliquely down-dip, parallel to the\nmetallurgical hole drilled in 2012.\n \n Drill hole DN-21-01m intersected 2.08 g/t 3E and 0.12% Cu (or $117/t\nNSR) over 141.5 m from 0.5 m downhole from surface, including 2.24 g/t\n3E and 0.13% Cu (or $126/t NSR) over 124.5 m, and 1.21 g/t 3E and\n0.09% Cu (or $68/t NSR) over 55 m from 145 m downhole, including 1....