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New Age Metals Reports High-Grade Drill Hole Intercept Indicating Additional Expansion Potential at the River Valley Palladium Deposit
(TheNewswire) June 8 , 2022 – TheNewswire - Rockport, ...
About this update from New Age Metals Inc
[{"type":"text","content":"New Age Metals Reports High-Grade Drill Hole Intercept Indicating Additional Expansion Potential at the River Valley Palladium Deposit\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n June\n \n \n 8\n \n \n ,\n2022 –\n \n \n TheNewswire -\n \n \n Rockport, Ontario - New Age Metals Inc. (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\n“Company”) is pleased to report new assay results for core samples\nfrom 2021 drill hole KP21-05 completed at the Dana South Zone. Drill\ncore assays returned a long, higher-grade intersection of palladium\n(“Pd”) mineralization lying outside the established boundary of\nDana South.\n \n \n This Pd\nmineralization intercept appears to represent an opportunity to expand\nDana South south-southeastwards direction.\n \n \n Location of the Dana South Zone in the northern area of the\nRiver Valley Deposit (Figure 1), makes it a key zone in the ongoing\nPre-Feasibility Study of the River Valley Project.\n \n \n \n \n \n \n \n Highlights\n \n \n \n \n \n \n Drill Hole KP21-05:\n \n \n 1.129 g/t Pd+Pt+Au (“3E”) and 0.108%\nCu over 84 metres from 197 metres downhole;\n \n \n \n \n \n \n Including 1.918 g/t 3E and 0.183% Cu\nover 30 metres from 242 m downhole;\n \n \n \n \n \n \n And 2.373 g/t 3E over 18 metres from\n243 metres downhole.\n \n \n \n \n \n \n 37 metres of the 84-metre long\nmineralized intercept is located outside the wireframed domain\nboundary of Dana South Zone\n \n \n \n \n \n \n This external Pd mineralization\nindicates strong potential for expanding Dana South by drilling along\nstrike to the south-southeast of the mineralized zone.\n \n \n \n \n \n \n Harry Barr, Chairman and CEO of NAM said, “This Pd\nmineralization intercept of the Dana South Zone in drill hole KP21-05\nis remarkable. The exploration upside potential at River Valley\ncontinues to surprise, despite historical and recent drilling of 723\nholes totalling 156,000 metres along the 16 km strike length of the\nDeposit. Follow-up drilling designed to confirm and expand the Dana\nSouth mineralization beyond the historically modelled boundaries will\nbe undertaken this summer. Despite continued volatility in the global\nmarkets, palladium prices remain high and rhodium, an additional metal\no...