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New Age Metals Provides Update on Rhodium Assay and Metallurgical Drilling Programs at River Valley Palladium Project
(TheNewswire) June 10, 2021 – TheNewswire - Rockport, Ontario ...
About this update from New Age Metals Inc
[{"type":"text","content":"New Age Metals Provides Update on Rhodium Assay and Metallurgical Drilling Programs at River Valley Palladium Project\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n June 10, 2021 –\n \n \n TheNewswire -\n \n \n Rockport, Ontario\n \n \n -\nNew Age Metals Inc.\n \n \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)\n \n \n (“NAM” or “Company”) is pleased to provide an update\non its rhodium assay and metallurgical drilling programs at its 100%\nowned River Valley Palladium Project, located 100 km east of Sudbury,\nOntario. These studies are being carried out as key components of a\nPre-Feasibility Study of the River Valley Project, which was announced\nin a Company press release dated April 12, 2021.\n \n \n \n \n Rhodium Assay Program\n \n \n \n \n The purpose of the rhodium (“Rh”) assay program is\nto generate data with which to evaluate whether Rh could be a payable\nmetal for any potential mining operation at River Valley.  Due to the\nexpense of the analyses, the Rh assay program will be multi-phase.\n In phase 1 (2020), new Rh data were generated for 2015 to 2020 drill\ncore from the Pine Zone (see company press release dated March 2,\n2021). Historical data area available for the Dana North Zone.\n \n \n \n \n In Phase 2 (the current phase), Rh data will be\ngenerated for the Lismer North Zone (aka Lismer Extension Zone)\n(Figure 1). To this end, samples from eight (8) mineralized intervals\nin four diamond drill cores on a key cross-section have been selected\nfor Rh assay analysis.  The historical drill cores have been sampled\nand the 189 samples (plus blind QC) delivered to Geo Labs in Sudbury\nfor preparation and high-sensitivity assay analysis. Assay results are\nexpected in September.  As of June 9, 2021, Rh is trading for $US\n19,800/oz (Kitco).\n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n Figure 1.\n \n \n Geology map of the northern area of the River Valley Palladium\ndeposit. Mineralized zones projected to surface. Mineral Resource\nEstimates using 0.35 g/t PdEq cut-off and PdEq calculation of\nPreliminary Economic Assessment (2019). The Huronian and Nipissing\nunits (younger) and the Grenville units (older) excluded for\nillustration purposes.\n \n \n \n \n Me...