Business
New Age Metals Initiates Metallurgical Study at its Flagship River Valley Palladium Project
(TheNewswire) May 12, 2021 – TheNewswire - Rockport, Ontario -...
About this update from New Age Metals Inc
[{"type":"text","content":"New Age Metals Initiates Metallurgical Study at its Flagship River Valley Palladium Project\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n May 12, 2021 –\n \n \n TheNewswire\n-\n \n \n Rockport, Ontario - New Age Metals Inc.\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.F) (“NAM” or “Company”) is pleased to\nannounce initiation of a metallurgical study at its 100% owned\nflagship River Valley PGM Project near Sudbury, Ontario.\n \n \n The primary purpose of the study is to\ninvestigate the optimal flow sheet parameters for processing\nmineralized material from the River Valley Palladium\nProject.\n \n \n The results of the metallurgical study\nwill be incorporated into the Company’s Prefeasibility Study\n(“PFS”) of River Valley (see Company press release dated April 12,\n2021), which is slated for completion in H1 2022.\n \n \n \n \n Four new HQ-size drill holes have been designed to\nprovide fresh mineralized material for the 2021 metallurgical study\n(Figure 1); one hole each on the Dana North, Dana South, Lismer North\nand Lismer Ridge mineralized zones (Table 1).\n \n \n These zones combined represent\napproximately\n \n 4 km of the 16 km long River Valley Palladium Deposit\n \n \n . Each HQ-size hole will be drilled for approximately 200 m\ndown through sulphide mineralized material and provide up to 1000 kg\nof fresh mineralized rock and wall rock for the assaying and\nmetallurgical testwork purposes.\n \n \n \n A contract with Multi Drilling\nof Rouyn-Noranda (Quebec) has been signed and the drilling is planned\nto commence in early June 2021.\n \n \n \n \n Harry Barr, NAM Chairman and CEO comments, “Previous\nmetallurgical test work studies on the River Valley Project focused on\nfresh mineralized drill core and surface samples from the Dana North\nand Dana South Zones.\n \n \n For the\n2021 metallurgical study, the sampling is being expanded southwards to\ninclude the strategic Lismer North and Lismer Ridge Zones, to complete\ncoverage of the Indicated and Measured Mineral Resources in the\nnorthern 4 km strike-length of the 16 km long River Valley\nDeposit\n \n \n . The metallurgical results will be\nincluded in the Prefeasibility Study for development planning of a\nbulk-tonnage, open pit mining o...