Business
PGM Mineralization Continues to be Encountered in Drilling at the at the River Valley Platinum Group Metals Project, Sudbury Mining District, Ontario
(via TheNewswire) -Drilling continues to encounter PGM mineralization in the Pine Zone of ...
About this update from New Age Metals Inc
[{"type":"text","content":"PGM Mineralization Continues to be Encountered in Drilling at the at the River Valley Platinum Group Metals Project, Sudbury Mining District, Ontario(via TheNewswire)\n \n \n-Drilling continues to encounter PGM mineralization in the Pine Zone of the River Valley PGM Deposit\n\n\n \n-Borehole PL-17-08 intersects 14m of 2.01.g/t Pd+Pt+Au, including 4m at 2.98 g/t Pd+Pt+Au,\n\n\n \n-Drilling into the footwall to the east of the deposit will add to the resource calculation\n\n\n \n-Footwall PGM mineralization is a new and additional source of PGM mineralization to the resource model\n\n\n \n-Updated NI 43-101 resource calculation to commence upon the announcement of final assays. \n\n\n \n-River Valley is the Largest Undeveloped Primary PGM resource in Canada, with 3.9Moz PdEq in Measured Plus Indicated including an additional 1.2Moz PdEq in Inferred.\n\n\n \nVancouver, Canada / TheNewswire / November 8, 2017 - New Age Metals Inc. (TSX.V: NAM; OTCQB: PAWEF; FSE: P7J.F) is pleased to announce the third and final batch of drill hole results from the 2017 drilling campaign. Drilling was focused on the T3 Zone and Pine Zone as a follow up of the 2015 and 2016 drilling and IP geophysical work at the River Valley PGM Deposit. \n\n\n \nTrevor Richardson, President/COO states \"The purpose of the 2017 summer/fall exploration program was to focus on the footwall mineralization. The main River Valley PGM Deposit is a contact-style mineralization and this is where the bulk of the resource has previously been identified. The PGM mineralization found in the footwall is newly discovered mineralization and will add to the overall amount of PGM mineralization. This additional mineralization will be reflected in the new resource calculation/updated 43-101 for the River Valley PGM Deposit\".\n\n\n \nPine Zone Footwall Discovery Continues to Provide Positive Results\n\n\n \nPresent drilling into the footwall of the Dana North Zone area of the River Valley PGM Deposit has defined continuous PGM mineralization. To date PGM mineralization has been extended approximately 140 m eastward of the present known PGM mineralization. Past resource calculations of the Dana North Zone have been determined to be 24 million tonnes at 1.5 g/t PdEq. The recent footwall drilling will add to the resource calculation. Hole PZ-17-08 (figure 2) that is being reported in thi...