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Size of Prospective PGM-Cu-Ni Mineralization Doubled at Genesis PGM-Cu-Ni Project, Alaska
(via TheNewswire) October 8 th , 2019 - TheNewswire - Rockport, Canada - New Age Met...
About this update from New Age Metals Inc
[{"type":"text","content":"Size of Prospective PGM-Cu-Ni Mineralization Doubled at Genesis PGM-Cu-Ni Project, Alaska(via TheNewswire)\n\n \nOctober 8th, 2019 - TheNewswire - Rockport, Canada - New Age Metals Inc. (NAM) (TSXV:NAM) (OTC:NMTLF) (FSE:P7J) Harry Barr, Chairman & CEO, stated; \"We are pleased to announce that this summers exploration efforts have doubled the strike length of prospective mineralization at our road accessible Genesis PGM-Ni-Cu Project in Alaska. Our Alaskan geological consultant, Avalon Development, has outlined subsequent stages of exploration including reconnaissance level prospecting, geologic mapping and geochemical sampling for all of the newly identified PGM-Cu-Ni targets. Ground-based geophysics and/or closely spaced airborne magnetics and EM surveys should also be conducted to provide better three-dimensional control on mineralization. Following these efforts, prioritization of targets is recommended followed by first-ever scout drilling.\" \n\n\n \nGenesis Summer 2019 Exploration Program Results\n\n\n \nTwo independent contractor evaluations were conducted earlier this summer on the Genesis project. These evaluations included imagery processing and interpretation of ASTER (Advanced Spaceborne Thermal Emission and Reflection Radiometer) and associated LANDSAT8 satellite data to help map potential alteration targets to aid district-scale PGM-Cu-Ni sulfide exploration. This effort was conducted by Denver-based Image2Map Services, Inc. The second effort involved reinterpretation of 400m spaced airborne magnetic and resistivity surveys previously flown by the State of Alaska Div. of Geological and Geophysical Surveys and limited ground IP surveys conducted by a previous owner of the Genesis project. This effort was conducted by Denver-based Condor Geophysics.\n\n\n \nPrevious exploration on the Sheep Hill massif in the central part of the Genesis project revealed stratabound sulfides over an 800 metre strike length, with consistent PGM-Cu-Ni metal grades over multiple meter intervals, including 6 metres grading 804 ppb platinum and 1,018 ppb palladium, and 12 meters grading 5,938 ppm nickel. There has been no drilling on this district-scale project and the strike and depth extent of Ni-Cu-PGE mineralization remains open to expansion. The geophysical signature of the Sheep Hill mineralization is strongly magnetic and moder...