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New Age Metals (NAM) Outlines 2017 Exploration Plans For River Valley PGM Projects, Sudbury
(via TheNewswire) -Two 100% owned Platinum Metal Projects near Sudbury, northeastern O...
About this update from New Age Metals Inc
[{"type":"text","content":"New Age Metals (NAM) Outlines 2017 Exploration Plans For River Valley PGM Projects, Sudbury(via TheNewswire)\n\n \n\n\n-Two 100% owned Platinum Metal Projects near Sudbury, northeastern Ontario\n\n\n\n-Projects cover 16 km long River Valley PGM deposit\n\n\n\n-Majority of resources in Measured and Indicated categories and near-surface\n\n\n\n-Established infrastructure with communities nearby in mining friendly jurisdiction\n\n\n\n-New discovery in 2015: 3.91 g/t Pd+Pt/9m from 145m in drill hole 2015-DN002\n\n\n\n-Discovery confirmed in 2016: 4.07 g/t Pd+Pt/9m from 202m in drill hole DN-T2-06\n\n\n\n-Exploration Plans proposed for 2017 include ground geophysical surveys and drilling\n\n\n\n-Geophysical survey underway\n\n\n\n\n \nFebruary 15, 2017 Vancouver, Canada / TheNewswire / New Age Metals (\"NAM\", the \"Company\") (TSX.V: NAM; Frankfurt: P7J.F; OTCQX: PAWEF is pleased to announce exploration plans proposed for 2017 at its 100% owned River Valley platinum group metal (PGM) projects near Sudbury, Ontario. The exploration focus will be on drilling priority PGM targets generated from modelling of previous exploration data and of new data from geophysical surveys to be conducted over the Pine Zone-Dana North Zone-Pardo Zone area of the vast River Valley PGM deposit (Figure 1). \n\n\n \nThree-dimensional geological and structural modelling of the available drilling data, particularly from the 2015 and 2016 programs that discovered the Pine Zone (see press releases dated March 11, 2015 and December 13, 2016), highlights the potential to expand the PGM mineralization in three directions (Figure 2): 1) down-dip towards Target T3, 2) east along strike towards Pardo Zone 2 km away, and 3) up-dip 100 metres to surface. The Pine Zone as currently defined is located under the main access road into the north part of the River Valley PGM deposit, in the immediate footwall to measured and indicated PGM resources at the Dana North Zone (see NI43-101 Technical Report dated May 1, 2012), and is overlain by mineral leases owned 100% by NAM. \n\n\n \nAs for geophysics, a study is currently underway (with Blaine Webster, PGeo consulting geophysicist) to recover and review the historic surface and borehole induced polarization (IP) survey results for the Dana North and Pardo Zones. The PGM mineralization occurs closely associated with dissemina...