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T3 Becomes 2nd New Footwall Discovery and Drilling Continues to Intersect PGM's from the Pine Zone at the River Valley Platinum Group Metals Project, Sudbury Mining District, Ontario
(via TheNewswire) - Drilling continues to encounter PGM mineralization in the Pine Zon...
About this update from New Age Metals Inc
[{"type":"text","content":"T3 Becomes 2nd New Footwall Discovery and Drilling Continues to Intersect PGM's from the Pine Zone at the River Valley Platinum Group Metals Project, Sudbury Mining District, Ontario(via TheNewswire)\n \n \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-17-06 intersects 22m of 1.51.g/t Pd+Pt+Au, including 10m at 2.58 g/t, and 3m of 3.95 g/t. \n\n\n\n- T3 becomes 2nd footwall discovery with T4 to T9 earmarked for future footwall exploration (Figure 2). \n\n\n\n- Updated NI 43-101 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\n\n \nOctober 31st, 2017 / TheNewswire / Vancouver, Canada - New Age Metals Inc. (TSX.V: NAM; OTCQB: PAWEF; FSE: P7J.F) is pleased to announce the second 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 at the River Valley PGM Deposit. The drill program is now complete and the company is waiting for the last batch of assays. \n\n\n \nHarry Barry, Chairman/CEO states. \"The purpose of the 2017 summer/fall exploration program was to focus on the footwall mineralization and recent IP geophysical targets from the Pine Zone to T3 (figure 1). The footwall mineralization is a new model as opposed to the historical contact mineralization model where the bulk of the resource had been identified, giving us further confidence that the project can be developed into an open pit mining operation\". \n\n\n \nT3 Target Becomes 2nd Footwall Discovery\n\n\n \nTo date, 4 holes have been drilled in the T3 area which is approximately 1000m South from the top of the Pine Zone discovery. All 4 holes in the T3 area hit significant mineralization with borehole T3-17-04 (News Release September 20th, 2017) resulted in 28m of 2.45 g/t Pd+Pt+Au at 4m below surface, including 3m of 7.12 g/t. Within the same hole, mineralization was also intersected at 24m below surface with an additional 6m of 4.06 g/t Pd+Pt+Au, and at 37m below surface with another zone of 4m at 3.30 g/t. \n\n\n \nUpon completion of this program, further holes will be delineated for additional drilling on...