Business
New Age Metals Receives $ 300,000 Grant from Manitoba Mineral Development Fund
(TheNewswire) 7 th June 2023 – TheNewswire - Rockport, Ontario  ...
About this update from New Age Metals Inc
[{"type":"text","content":"New Age Metals Receives $ 300,000 Grant from Manitoba Mineral Development Fund\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 7\n \n \n th\n \n \n June 2023 –\n \n \n TheNewswire -\n \n \n Rockport, Ontario –\n \n \n New Age Metals Inc. (\n \n \n TSXV:NAM)\n \n \n (\n \n \n OTC:NMTLF) (FSE:P7J)\n \n \n (\"\n \n \n NAM\n \n \n \" or the \"\n \n \n Company\n \n \n \"), is pleased to announce that\nthe Manitoba Mineral Development Fund (MMDF) has approved a grant of $\n300,000 for the Company. The allotment of this amount will be in three\n$ 100,000 installments.\n \n \n \n \n NAM will provide MMDF/Manitoba Government access to all\ninformation related to the Project(s) activities performed, and\nexpenditures incurred, directly or indirectly, for the entire amount\nof funding allocated to them.\n \n \n \n \n The funding will be used for the following purposes as\noutlined in the previous Press Release (subject to change):\n \n \n \n \n •            Mapping – Complete updated\nproperty bedrock geology maps with detailed structural analysis of\npegmatite distribution and internal zonation\n \n \n \n \n •            Lithogeochemistry –\nProperty wide rock sampling to gather geochemical data on identified\ntargets and develop future drill targets\n \n \n \n \n •            Mobile Metal Ion (MMI) Soil\nGeochemistry – Targeted sampling grids to identify pegmatite\nextensions and anomalous areas where surficial cover prohibits bedrock\nanalysis\n \n \n \n \n •            Biogeochemistry - Targeted\nsampling grids to identify pegmatite extensions and anomalous areas\nwhere the terrain does not permit MMI soil sampling\n \n \n \n \n The Summer Field Program is planned to better define\nhistorical documented showings and anomalous grab samples collected\nbetween 2018-2022, as well as to potentially locate buried LCT\npegmatites. The main objective is to define and prioritize drill\ntargets and bring additional projects to a drill ready stage in an\neffort to establish an economica...