Among North America’s Leaders in PGM & Lithium Exploration

Canada’s Largest Undeveloped Primary PGM Resource, with M&I 4,626,250 Palladium Equivalent Ounces

Sponsored
New Age Metals Inc. Profile

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(NAM:TSXV)

Two Divisions: PGM and Lithium

  • PGM Division: focus on Development of the 100% owned River Valley PGM Project. Canada’s Largest Undeveloped Primary PGM Resource, with M&I 4,626,250 Palladium Equivalent Ounces
  • Lithium Canada: with a focus on Exploration of Hard Rock Lithium, in Manitoba, Canada and Lithium Brine in Nevada. The company uses the Prospector Generator Model.

WHAT YOU NEED TO KNOW

  • 100% owned River Valley Extension Project (RVE), is undergoing its first NI 43-101 resource calculation.
  • To date, River Valley has M&I 4,626,250 Palladium Equivalent Ounces
  • Excellent infrastructure and are within 100 kilometers of the Sudbury Metallurgical Complex.
  • Ground IP geophysics to test T4-T9 targets are now complete, final report slated for early April.
  • Drilling is slated for Summer/Fall 2018/Winter 2019.
  • Advanced stage mineralogical testing is ongoing in Sudbury at Expert Process Solutions (XPS).
  • The price of Palladium, the prominent metal at River Valley is trading at $971.15USD (June 2018 from Kitco.com) near its all-time high based on limited supply and increasing demand.
  • Lithium Division: A minimum of $500,000 will be expended in 2018 on the companies Lithium division by New Age Metals option/joint venture partner Azincourt Energy Corp. (TSX.V: AAZ) (see news release dated January 15th, and February 22nd, 2018). The 2018 budget will allow for 2 out of the 3 drill ready projects to be drilled. New Age Metals technical team is the field manager.

River Valley PGM Project is located 100 km east of Sudbury, Ontario

  • Sudbury hosts 1 of the Top 4 Nickel, Copper & PGM Mining & Processing Facilities in the World
  • Skilled Workforce, Established Mining Culture; Safe, Stable Pro-Mining Jurisdiction
  • Excellent Road Access to River Valley Property; Rail and Power Nearby
  • $30M Invested in Exploration, Large High-Confidence Resource, Favourable Metallurgy

NAM Announces Acquisition of the River Valley PGM Extension Project from Mustang MineralsCorp.

  • Strike Length of NAM’s River Valley Deposit Increased from 12 km to 16 km
  • Mustang’s surface grab samples returned Assays of up to 10 g/t PGM
  • Drilling Highlights Include:
  • 1.4 g/t PGM/9.0m in MR02-59 from 35m downhole
  • 4.0 g/t PGM/2.1m in MR02-62 from 153.7m downhole
  • 2.2 g/t PGM/4.5m in MR02-64 from 60.5m downhole
  • PGM mineralization is Open at Depth and footwall potential remains untested
  • T2-like Targets identified from Favourable Geological and Geophysical Surveys
  • Targets under evaluation for drill testing
  • The Tanco Mine was one of North America’s only
  • producers of Tantalum, Cesium and Lithium minerals (Spodumene), with the mine opening in 1969. Owned by the Cabot Corporation as of 1993
  • Presently the Tanco Mine produces Cesium Formate, a completion fluid for the petroleum industry.
  • At the end of 1992 (last published historic mineral inventory) was 1.075 Mt of 0.12% Ta2O5, 3.5 Mt of 2.7% LiO2 and 315,000 t of 23.3% Cs2O

Clayton Valley Forks Lithium Brine Project, Clayton Valley, Nevada
Silver Peak

 Signed Agreement to Acquire 100% of the Genesis PGM Project in Alaska

Signed an agreement with Anglo Alaska Gold Corp. to acquire 100% interest of the 10,240 acre road accessible and drill ready Genesis PGM Project, located in the Valdez and Chitina Recording District, of Alaska.

 


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Figure 1: Projects Location Map: The road accessible Genesis PGM Project adjacent to Richardson Highway and 138 kv electric lines. The project is 460 road kilometers to Fairbanks, Alaska and 120 road kilometers to the all-weather port city of Valdez

Merits of the Genesis PGM Project

The Genesis PGM Project is an under explored, highly prospective multi-prospect drill ready Pd-Pt-Ni-Cu property that warrants follow-up drilling, additional surface mapping, sampling to expand the known footprint of mineralization and to determine the ultimate size and grade of the layered mineralization outlined to date. The stable land status, ease of access and superb infrastructure make this project prospective for year-around exploration, development and production.

Significant aspects of the Genesis PGM Project include:

  • - Drill ready PGM-Ni-Cu reef style target with 2.4 grams/ton Palladium (Pd), 2.4 grams/ton Platinum (Pt), 0.96% Nickle (Ni), and 0.58% Copper (Cu).

    - Reef mineralization is open to the west, east, north, and at depth

    - Mineralized reef identified in outcrop for 850 m along strike and a 40 m true thickness

    - Separate style of chromite mineralization contains Platinum Group Metals (PGM) up to 2.5 g/t Pd and 2.8 g/t Pt.

    - Known PGM mineralization covers a distance of 9 km across the prospect.

    - No historic drilling has been done on the project.

    - Project is within 3 km of a paved highway and electric transmission line.

    - Project is on stable State of Alaska claims.

    - Fraser Institute's 2017 survey of mining companies has Alaska ranked as the 10th best jurisdiction in the world for mining.

 

   
 
 
Last changed at 15-May-2018 03:33PM by AGORACOM