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New Age Metals Issues Update and Resource Calculation on River Valley PGM Project Near Sudbury, Ontario - Video Available on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - March 22, 2018) - New Age Metals (TSXV: NAM) (O...
About this update from New Age Metals Inc
[{"type":"text","content":"New Age Metals Issues Update and Resource Calculation on River Valley PGM Project Near Sudbury, Ontario - Video Available on Investmentpitch.comVancouver, British Columbia--(Newsfile Corp. - March 22, 2018) - New Age Metals (TSXV: NAM) (OTCQB: PAWEF) (FSE: P7J2) has issued an update on the company's River Valley Project. The 100% owned River Valley Project, the largest undeveloped primary Platinum Group Metals resource in Canada, has excellent infrastructure and is within 100 kilometers of the Sudbury Metallurgical Complex.InvestmentPitch Media has produced a \"video\" which discusses this news. If this link is not enabled, please visit www.InvestmentPitch.com and enter \"New Age\" in the search box.Cannot view this video? Visit:http://www.investmentpitch.com/video/0_vb0l9vb8/New-Age-Metals-TSXVNAM-Update-on-the-River-Valley-ProjectThe March 2018 NI 43-101 technical report, which updates the 2012 resource, shows a resource estimation of 4,626,250 Palladium equivalent ounces, with 2,713,933 ounces in the Inferred category at a 0.4 gram per ton cut-off.To view an enhanced version of this image, please visit: https://orders.newsfilecorp.com/files/2189/33640_a1521691489970_66.jpgGeological interpretation of the March 2018 NI 43-101 geophysical report is ongoing to target and better define the summer/fall 2018, and winter 2019 drill programs. To date an approximate 140,659 meters in 628 drill holes have been conducted by the company as operator on the River Valley Project.In 2016, the company purchased 100% of Mustang Minerals' southern portion of the River Valley contact, known as the River Valley Extension, which added an additional 4 kilometers for a total of 16 kilometers of strike.Harry Barr, Chairman and CEO, stated: \"The River Valley PGM Project continues to grow and we are focusing our efforts on creating shareholder value with distinct project objectives. The first objective is establishing a minimum ounce bank in the northern portion of the project that would allow the company to economically open pit mine, crush, and concentrate on site and then ship the concentrates to the Sudbury Metallurgical Complex. The second objective is to continue to explore and develop the entire 16 kilometers of mineralization throughout the contact zone (current established resource) and test the new footwall discovery that has potential to ex...