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New Energy Metals Announces Results of Soil Sampling Program at Exxeter Gold Project
Vancouver, British Columbia--(Newsfile Corp. - November 27, 2018) - New Energy Metals Corp. ...
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[{"type":"text","content":"New Energy Metals Announces Results of Soil Sampling Program at Exxeter Gold ProjectVancouver, British Columbia--(Newsfile Corp. - November 27, 2018) - New Energy Metals Corp. (TSXV: ENRG) (OTC Pink: NEMCF) (\"New Energy Metals\" or the \"Company\") announces results of the detailed soil sampling program (the \"Program\") at its Exxeter Gold Project (the \"Project\") situated approximately 45 kilometres east of Val d'Or, Quebec (see news release dated October 19, 2018). The objective of the Program was to focus on target areas where geophysical and geochemical anomalies were identified in earlier programs.The Project consists of 13 mineral tenures with a total area of 748.38 hectares and overlies the Abitibi greenstone belt within the Val d'Or Formation of the Superior Province., in Northwestern Québec, Canada (see technical report entitled \"Technical Report on the Exxeter Property\" dated October 2, 2017, and filed on the Company's SEDAR profile (the \"Technical Report\")).The soil samples were collected at 50 metre, and occasionally 25 metre, intervals and fill-in sampling was completed in previously anomalous areas to provide proper contouring of anomalous metal-in-soil values (see Figure 1 below). A total of 366 new soil samples were collected under the Program and sent to ALS Global Laboratories (\"ALS\"), an accredited geochemical laboratory in Val d'Or, Quebec, for analysis.Figure 1. Soil Sampling Interval Locations for 2016 and 2018 Soil SamplingTo view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/5737/41295_6b7693c6e4ee88a1_002full.jpgHighlightssoil sampling results show two polymetallic soil anomaly zones and one zone anomalous with precious metals in soil; andall soil anomalous zones are associated with what appears to be an anomaly in the residual magnetics and there are induced polarization (\"IP\") anomalies associated with the soil anomalies.Of the 366 soil samples, 305 assayed at 5 parts per billion (\"ppb\") Au or less while 61 samples assayed at higher than 5 ppb Au, with the highest sample returning results of 260 ppb Au (0.26g/t Au). Many of the anomalous gold samples were located proximal to one another and none of the samples that had anomalous gold values were strongly anomalous in any base metal. The map in Figure 2 below includes soil samples from both the...