Business
River Valley Drilling Continues to Intersect and Expand Palladium Mineralization at the Pine Zone
(via TheNewswire) June 2 nd , 2020 - TheNewswire - Rockport, Canada ...
About this update from New Age Metals Inc
[{"type":"text","content":"River Valley Drilling Continues to Intersect and Expand Palladium Mineralization at the Pine Zone(via TheNewswire)\n \n \nJune 2nd, 2020 - TheNewswire - Rockport, Canada - New Age Metals Inc. (TSXV:NAM); (OTC:NMTLF); (FSE:P7J) - The Company is pleased to announce new results from the 2020 Phase 1 exploration drilling program at its 100% owned River Valley Palladium Project. This district-scale land package and large mineral resource is located near the City of Sudbury, Ontario,\nand its world-class mining and processing facilities. \n\n\n \nChairman and CEO Harry Barr stated; \"Phase 1 of the 2020 drill program was successful in extending the known limits of the Pine Zone Palladium mineralization 50 metres up-dip to the north and 50 metres along strike to the east. The Palladium mineralization is still open to expansion by drilling to the east, particularly testing a strong IP chargeability high located about 400 metres along strike, and also by drilling down-dip to the south (see Figure 1). The 2020 drilling was also successful at broadly establishing the presence of Palladium mineralization at the connection of the Pine Zone to the Dana North Zone.\"\n\n \n \nThis release describes results from 1,685.5 metres of drilling in 8 holes completed in Q2 2020 on the Pine Zone-Dana North Zone area of the multi-million-ounce River Valley Palladium Project. The objectives of the drill program were threefold: 1) expand the limits of the Pine Zone Palladium mineralization; 2) investigate possible connection of the Pine Zone to the Dana North Zone at depth; and 3) test Palladium mineralization continuity within the 2019 Block Model.\nThe drill program was successful in extending the Pine Zone mineralization up-dip to the north and along strike to the east, thereby demonstrating opportunity to further expand the Mineral Resources in support of a Prefeasibility Study in 2021-2022. \n\n \n \nThe Pine Zone was discovered by drilling an IP chargeability high in 2015-2016, in the footwall to the main River Valley deposit at the Dana North Zone, at the north end of the Property and under the main access road. Seven holes were drilled into the Pine Zone-T3 area in 2015-2016 and 14 in 2017 plus the 5 in 2020 for a total of 26 holes. Before 2015, seven holes had been drilled through the Dana North Zone and into the Pine Zone prior to recognition of ...