Management Actively Seeking Option/Joint-Venture Partner Drill Ready/Road Accessible Alaskan ProjectVancouver, Sep 5, 2018 AEST (ABN Newswire) - In this segment of the Ellis Martin Report, Harry Barr, the Chairman of New Age Metals (CVE:NAM) (OTCMKTS:NMTLF) discusses the company's completion of the Genesis PGM/Polymettalic Technical Report for the Drill Ready/Road Accessible Alaskan Project.
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About New Age Metals Inc
NAM's (CVE:NAM) (OTCMKTS:NMTLF) flagship project is its 100% owned River Valley PGM Project (NAM Website – River Valley Project) in the Sudbury Mining District of Northern Ontario (100 km east of Sudbury, Ontario). Presently the River Valley Project is North America's largest undeveloped primary PGM deposit with Measured + Indicated Mineral Resources of 160 million tonnes @ 0.44 g/t Palladium, 0.17 g/t Platinum, 0.03 g/t Gold, with a PdEq metal grade of 0.90 g/t at a cut-off grade of 0.4 g/t PdEq equating to 3,297,000 ounces PGM plus Gold and 4,626,000 PdEq Ounces. This equates to 4,626,000 PdEq ounces M+I and 2,714,000 PdEq ounces in Inferred classification (see May 8th, 2018 press release).
NAM is currently conducting Phase 4 of their proposed 2018 exploration and development program. The current program is based on recommendations of previous geophysical studies and reviews by the company's consultants, recent drilling, ongoing advanced metallurgical and minerology studies and selective pit design drill programs. The results of Phase 4 will assist in early PEA work being conducted by P&E Mining Consultants Inc and DRA Americas Inc and is meant to contribute towards the River Valley PEA. Mr. Michael Neumann, P.Eng., a veteran mining engineer and one of NAM's directors, will oversee the completion of the PEA.
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