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Phase Two NAM Exploration Results for River Valley Palladium Project in Q3 2020
(TheNewswire) September 24, 2020 - TheNewswire - Rock...
About this update from New Age Metals Inc
[{"type":"text","content":"Phase Two NAM Exploration Results for River Valley Palladium Project in Q3 2020\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 September 24, 2020 -\n \n \n TheNewswire\n-\n \n \n Rockport,\nCanada - New Age Metals Inc. (NAM) (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)\n \n \n (\"NAM\" or the\n\"Company\")\n \n \n New Age\nMetals announces results from the Phase 2 exploration drill program\nand surface prospecting activities at its 100% owned River Valley\nPalladium Project near Sudbury, Ontario. Reported herein are the\nassay results for holes drilled to test Pine Zone and T3 targets\nand\n \n high-grade mineralized surface samples from the footwall to the east\nof the Dana South Zone. Phase Three plans are discussed below in the\nrelease and its final plan will be announced before the end of\nSeptember.\n \n \n \n \n \n Drill Results\n \n \n \n Holes T3-20-03, T3-20-04 and PZ-20-07\nwere drilled in Q3 2020 for a total of 792 metres\n \n (Figure 1; Table 1). Hole T3-20-03 was drilled as an infill hole\nwithin the Pine Zone-T3 Target. The hole intersected three mineralized\nintervals: 1) 5 metres grading 0.21 g/t Pd+Pt+Au and 0.05% Cu or 0.30\ng/t PdEq from 236 metres down hole; 2) 9 metres grading 0.27 g/t\nPd+Pt+Au and 0.02% Cu or 0.32 g/t PdEq from 247 metres downhole; and\n3) 6 metres grading 0.30 g/t Pd+Pt+Au and 0.02% Cu or 0.37 g/t PdEq\nfrom 259 metres downhole. The results confirm presence of the Pine\nZone mineralization.\n \n \n \n \n Hole T3-20-04 was drilled to expand the\nboundaries of the Pine Zone-T3 Target eastwards and southwards. The\nhole intersected the favourable Breccia Unit, but failed to intersect\nsignificant intervals of mineralization. Best assay result is 1 metre\ngrading 0.64 g/t Pd+Pt+Au and 0.02% Cu from 307 metres downhole.\n \n \n \n \n PZ-20-07 was drilled to test an IP\nchargeability feature 250 m east along strike from the Pine Zone. The\nhole was abandoned at 166 metres depth, due to the presence of lengthy\nintersections of heavy pyrite coatings on fractures in core of the\nArchean basement. No assays were generated, but the IP chargeability\nfeature is explained.\n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n Figure 1. Location of\n2020 Phases 1 and 2 drill holes (labelle...