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New Energy Metals Reports Encouraging Results from Troitsa Copper Project
VANCOUVER, British Columbia, May 18, 2023 (GLOBE NEWSWIRE) -- New Energy Metals Corp. (TSXV: ENRG) (OTCPink: NRGYF) (“New Energy” or the “Company”) is pleased t
About this update from New Energy Metals Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, May 18, 2023 (GLOBE NEWSWIRE) -- New Energy Metals Corp. (TSXV: ENRG) (OTCPink: NRGYF) (“New Energy” or the “Company”) is pleased to announce positive results from its 2022 exploration program on the Troitsa Copper Project (“Troitsa” or the “Project”). The program, which included extensive geological mapping and sampling, confirmed historic channel and drill intercepts defining the Main Zone, with 26 samples averaging 0.61% copper. Troitsa is located 30 kilometers south of the advanced-stage Berg porphyry copper deposit, and 15 kilometers southwest of the Huckleberry past-producing porphyry copper-moly deposit and the nearby Ox and Seel developed porphyry copper prospects (Fig. 1). Troitsa is a promising copper porphyry exploration project which has had significant potential for future development confirmed by our latest exploration program, which focused on finding extensions to the Main Zone (Fig. 2) where the most continuous high-grade copper mineralization was discovered. Highlights: New Main Zone sampling averages 0.61% Cu and 909 ppm Mo in 26 samples in and around a porphyry dyke. The Trogold showing may be an extension of Main Zone geology over 2 kilometers to the southeast where disseminated chalcopyrite was discovered in porphyry dykes (e.g., 0.15% Cu and 0.87% Cu) at the centre of a zone of sulphide veinlets in the stock (0.57% Cu, 0.76% Cu). Gold mineralization is confirmed at Trogold in two samples (6.5 g/t Au and 2.9 g/t Au). Peripheral-zone porphyry Pb-Zn mineralization confirmed at Astiort, Tro and Troitsa Easter. \"We are excited to report these positive results from our 2022 exploration program on the Troitsa Copper Project,” said Rishi Kwatra, CEO. “The Main Zone has consistently shown high-grade copper mineralization, and these latest results are a testament to the significant potential of this Project.\" The average copper grade of 0.61% in 26 out of 31 samples (capped at 1.4% Cu) taken from the Main Zone in the 2022 program is consistent with previous exploration programs and indicates the presence of significant copper mineralization in the area. New Energy is now planning further exploration and development work on the Project, with the aim of expanding the Main Zone mineralization. Main Zone The prominent feature of the Main Zone (Fig. 3) is a 20-meter wide, bi...