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New Age Metals Resources Receives Buy Recommendation from Fundamental Research - Video Available on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - September 22, 2017) - Today's buy recommendatio...
About this update from New Age Metals Inc
[{"type":"text","content":"New Age Metals Resources Receives Buy Recommendation from Fundamental Research - Video Available on Investmentpitch.comVancouver, British Columbia--(Newsfile Corp. - September 22, 2017) - Today's buy recommendation comes from Fundamental Research Corp. Analyst Sid Rajeev gives New Age Metals (TSXV: NAM) (OTCQB: PAWEF) (FSE: P7J1) a buy rating and a fair value estimate of $0.49 per share, a premium of 600% to the $0.07 price on September 11th, the day the report was issued. New Age Metals, previously named Pacific North West Capital, is advancing its River Valley PGM Project to a Preliminary Economic Assessment.InvestmentPitch Media has produced a \"video\" which discusses this company. If this link is not enabled, please visit www.InvestmentPitch.com and enter \"New Age Metals\" in the search box. Cannot view this video? Visit:http://www.investmentpitch.com/video/0_v0xjh60b/Fundamental-Research-has-Initiated-coverage-on-New-Age-Metals-TSXVNAMThe 100% owned River Valley PGM Project is located in the Sudbury Mining District, 100 kilometres east of Sudbury. It is currently Canada's largest primary undeveloped PGM deposit with Measured + Indicated resources of 91 million tonnes grading 0.84 grams per tonne combined palladium, platinum, and gold, 0.06% copper and 0.02% nickel, containing 3.9 million ounces of palladium equivalent.The company is currently pursuing a 16,500-foot drill program to confirm and expand the newly discovered high-grade near surface resource on the northern portion of the project.Subsequent to the Fundamental Report, the company released drill results, including a drill hole in the Dana North zone which encountered 2.45 grams per tonne palladium, platinum, and gold over 28 metres, including 7.12 grams per tonne over 3 metres, and 4.06 grams per tonne over 6 metres, with a second zone of 3.30 grams per tonne palladium, platinum, and gold over 4 metres.HoleMeterage(metres)Interval(metres)Palladium(gpt)Platinum(gpt)Gold(gpt)3E(gpt)Copper%Nickel%T3-17-044 to 32281.770.570.112.450.110.02Including4 to 735.321.550.267.120.150.03Including24 to 3062.930.960.174.060.200.042nd zone37 to 4142.350.830.133.300.190.04 Harry Barr, Chairman and CEO stated: \"Drill results have confirmed continued PGM mineralization in the footwall to the main River Valley contact, where the current measured and indicated resources have be...