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New Age Metals Inc. Updates on Manitoba Lithium Projects 2017
(via TheNewswire) Five 100% owned Lithium Pegmatite Projects, in SE Manitoba, Canada ...
About this update from New Age Metals Inc
[{"type":"text","content":"New Age Metals Inc. Updates on Manitoba Lithium Projects 2017(via TheNewswire)\n\n \nFive 100% owned Lithium Pegmatite Projects, in SE Manitoba, Canada\n\n\n \nProjects are situated in the Winnipeg River-Cat Lake Pegmatite Field that hosts the world-class Tanco Pegmatite\n\n\n \nThe region has seen Lithium-bearing minerals mined in the past and contains numerous Lithium-bearing Pegmatites.\n\n\n \n2016 field work was focused on ground proofing many of the historically known Lithium Pegmatites. \n\n\n \nTwo projects are drill ready, with drilling planned for 2017\n\n \n \nVancouver, Canada / TheNewswire / February 22, 2017 - New Age Metals Inc. (formerly Pacific North West Capital Corp.) (\"NAM\", the \"Company\") (TSXV: NAM; OTCQB: PAWED; Frankfurt: P7J.F) is pleased to provide an update to the Lithium Pegmatite Projects in Southeast Manitoba. The projects are held under NAM's 100% owned subsidiary, Lithium Canada Development Inc. \n\n \n \nThe five Lithium Pegmatite projects, which the company holds, are situated in the Winnipeg River-Cat Lake Pegmatite Field of SE Manitoba. This pegmatite field (Figure 1) is host to the world-class Tanco Pegmatite, which is a highly-fractionated, Lithium-Cesium-Tantalum (LCT)-type pegmatite that has been mined at the Tanco Mine, in various capacities, since 1969 for Lithium-bearing minerals (Spodumene), Tantalum, Beryllium, Rubidium and Cesium. The Tanco Mine is presently owned by the Cabot Corporation. There are no current NI 43-101 compliant resources, but academic reports suggest that the Tanco Pegmatite, prior to the start of mining, was approximately 1520 metres long, 1060 metres wide and up to ~100 metres thick, with a volume of ~21,850,000 m3 and a mass of about 57,430,000 tonnes. \n\n \n \nField work carried out by NAM in 2016 was focused on ground proofing many of the historically reported pegmatites in the project region. Four out of five projects were examined. The best results from surface sampling came from the Lithium One (news release December 8th, 2016) and Lithium Two Projects (news release November 17th, 2016). Each project is drill ready. \n\n \n \n\nClick Image To View Full Size\n\n \n \nFigure 1: Approximate Outline of the Winnipeg River-Cat Lake Pegmatite Field\n\n\n \n (Lithium Canada claim locations in green and the Tanco Mine Leases in red)\n\n \n \n\n\n\nClick Image T...