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New Age Metals Further Demonstrates Presence of Rhodium at the River Valley Palladium Project near Sudbury, Ontario
(TheNewswire) Rhodium (Rh) is the most valuable platinum group metal (PGM...
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[{"type":"text","content":"New Age Metals Further Demonstrates Presence of Rhodium at the River Valley Palladium Project near Sudbury, Ontario\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n Rhodium (Rh) is the most valuable\nplatinum group metal (PGM), with recent spot price highs of\n$US12,000/oz Rh, nearly 10 times higher than Pt\n \n \n \n \n \n \n 187 Rh assay results reported for the Lismer North Zone\nof the River Valley Palladium Deposit\n \n \n \n \n \n \n Highest assay result is 0.595 g/t Rh, with 8 other\nsamples returned assays ≥0.100 g/t Rh and a total of 25 samples\nreturned assays higher than 0.050 g/t Rh\n \n \n \n \n \n \n The highest Rh concentrations coincide with the highest\npalladium (Pd) and platinum (Pt) grades\n \n \n \n \n \n \n Rh concentrations in the River Valley Deposit are\nequivalent to about 10% of Pt grades\n \n \n \n \n \n \n Based on encouraging results from\nphases 1 and 2, subsequent phases of the multi-phase Rh evaluation\nprogram will take samples of PGM mineralized intervals from the Dana\nSouth and Lismer zones\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 December 15, 2021 - 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 Phase 2 of an ongoing Rh assay program on the River\nValley Palladium Deposit near Sudbury, Ontario (Figure 1).\n \n \n Phase 2 of the Rh assay\nprogram collected 185 one-quarter historical core samples plus two\ncoarse reject samples from 8 mineralized intervals in 4 drill holes on\na single cross-section through the Lismer North Zone\n \n \n . This Zone is located near the north end of the 16 km-long\nRiver Valley Palladium Deposit. The sampled holes were drilled in 2001\nand 2004.\n \n In addition to Rh, the core samples were also assayed for gold (Au),\niridium (Ir), palladium (Pd), platinum (Pt), and ruthenium (Ru). The\nassay analyses were completed at the Geoscience Laboratories in\nSudbury.\n \n \n \n \n The new Rh data reported herein are i...