2018 Abitibi IP Geophysics Report Completed, Exploration Program Initiated River Valley Platinum Group Metals Project, Sudbury Ontario 1. New Age Metals (NAM) flagship project is the River Valley Project, which is the largest
New Age Metals TSX-V: NAM OTCQB: NMTLF
59 Burtch’s Lane, Rockport, ON, Canada, K0E 1V0 [email protected]
+1.613. 659.2773 www.newagemetals.com
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2018 Abitibi IP Geophysics Report Completed, Exploration Program Initiated
River Valley Platinum Group Metals Project, Sudbury Ontario
1. New Age Metals (NAM) flagship project is the River Valley Project, which is the largest
undeveloped primary PGM resource in North America, with 4.6 Moz PdEq in Measured
Plus Indicated including an additional 2.6 Moz PdEq in Inferred. The River Valley PGM
Project is located in Ontario and has an excellent infrastructure and is within 100
kilometers of the Sudbury Metallurgical Complex. The project is 100% owned by New
Age Metals (see news releases dated March 21st, 2018 and April 11th, 2018).
2. Ground IP geophysics final report completed by Abitibi Geophysics . NAM’s
Management is working with Alan King , NAM’s Sudbury Geophysical consultant, to
review all geophysics and complete a separate more comprehensive report and
recommendations.
3. The goal of the geophysical survey was to test various new footwall targets on the main
River Valley PGM Deposit, southward of the 2016/2017 new discovery, the Pine Zone
(See News Release: Jun 19 th, 2017 ) to cover the area between target anomalies T4
through to T9 (Figure 1) which is in the northern portion of the 16km project.
4. Field crews have mobilized to begin surface exploration on the project, more specifically
to complete further detailed testing of the new geophysical anomalies from the Abitibi
report and to collect further samples that will be used for additional ongoing
metallurgical and mineralogical testing, all of which will add to the information needed
to complete a Preliminary Economic Assessment (PEA).
5. The footwall PGM mineralization is new and the Pine Zone discovery has proven that
it is both adjoining and adjacent to the existing mineralization and is an additional
source of PGMs at the River Valley project. Several new large anomalies have been
identified in the northern portion of the proje ct and will be ground proofed in the
summer and fall of 2018.
6. NAM’s management is working on finalizing its selection of a n experienced PGM
engineering company who will help NAM’s technical team to complete this projects first
Economic study, a Preliminary Economic Assessment (PEA) , on NAM’s 100% owned
River Valley PGM Project.
7. NAM’s Lithium Division has a minimum commitment of $600 ,000 of exploration ,
leading to late summer/fall drill programs on NAM’s eight Lithium Project in Southeast
Manitoba (see news release June 6th, 2018), which is financed by NAM’s op tion/joint-
venture partner Azincourt Energy Corp. (TSX.V:AAZ)
June 13th, 2018 Rockport, Ontario, Canada – New Age Metals Inc. (TSX.V: NAM; OTCQB: PAWEF;
FSE: P7J.F) is pleased to announce that the Abitibi geophysical report for the River Valley Project
is complete. All past and present geophysical reports are being reviewed by Alan King, the
company’s Sudbury based Geophysical Consultant , and Mr . King’s objective is to work with
New Age Metals TSX-V: NAM OTCQB: NMTLF
59 Burtch’s Lane, Rockport, ON, Canada, K0E 1V0 [email protected]
+1.613. 659.2773 www.newagemetals.com
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NAM’s technical team to recommend a two phase drill program for the Northern portion of the
River Valley Project based on several large new anomalies which appear to be adjacent to our
existing mineralization.
The anomalies will be examined in 2018 in the field and if warranted, added to the two phase
drill programs. Alan King’s report will include specific recommendations for drilling in the
northern portion of the River Valley Project.
The ground geophysical survey performed was a high-resolution OreVision® IP survey performed
by Abitibi Geophysics (Thunder Bay, Ontario). OreVision IP can reveal targets at four times the
depth of conventional IP without compromising near -surface resolution . The goal of the
geophysical survey was to test the footwall portion to the main River Valley PGM D eposit,
southward of the Pine Zone IP survey (News Release: Jun 19th, 2017, and May 8th,2018) and to
cover the area between target anomalies T4 to T9 (Figure 1). This area represents a survey strike
length of approximately 2000 metres.
Figure 1: Drill Hole Distribution Map in the Northern Portion of the River Valley PGM Deposit Showing
Regions IP Geophysical Coverage. (Image only represents approximately 3.5 km of the overall strike
length of the deposit)
New Age Metals TSX-V: NAM OTCQB: NMTLF
59 Burtch’s Lane, Rockport, ON, Canada, K0E 1V0 [email protected]
+1.613. 659.2773 www.newagemetals.com
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An initial review of the chargeability plan map from the Abitibi report (Figure 2) shows a good
correlation with the River Valley PGM Deposit at surface and the recent footwall discoveries in
the Pine Zone. The mineralization zone (red unit on Figure 2, RV Mineralized Breccia Zone) has a
well-defined geophysical signature (blue) on the chargeability map (Figure 2). This will be a
strong exploration tool in going forward in planning new drill targets into the main zone and
into the footwall. The main mineralization corresponds well and correlates with the chargeability
feature. This feature extends the length of the survey and as mentioned, corresponds with the
location of the surface mineralization. Figure 2 is the chargeability at the 125 meter level above
sea level. A further review notes that the Pine Zone (footwall mineralization) extends
perpendicular to near perpendicular from the chargeability feature. Elsewhere along the extent
of the chargeability feature are other perpendicular to near perpendicular features similar to the
area of the Pine Zone Figure 2 – Zones of Interest).
These anomalies will be further examined in the field as they may indicate other areas of
footwall mineralization as seen at the Pine Zone.
Figure 2: Chargeability at 125 m elevation level – Abitibi 2018 IP Survey – River Valley
New Age Metals TSX-V: NAM OTCQB: NMTLF
59 Burtch’s Lane, Rockport, ON, Canada, K0E 1V0 [email protected]
+1.613. 659.2773 www.newagemetals.com
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Field crews will focus on the target areas above in Figure 2 to generate additional drill targets
which appear to be adjacent to the existing mineralization identified in the May 8th 2018 NI-43-
101 report.
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ABOUT NAM’S LITHIUM DIVISION
The summer/fall exploration plan has begun for the company’s Lithium Division. NAM has
100% ownership of eight pegmatite hosted Lithium Projects in the Winnipeg River Pegmatite
Field, located in SE Manitoba, with focus on Lithium bearing pegmatites. Three of the projects
are drill ready. This Pegmatite Field hosts the world class Tanco Pegmatite that has been mined
for Tantalum, Cesium and Spodumene (one of the primary Lithium ore minerals) in varying
capacities, since 1969. NAM’s Lithium Projects are strategically situated in this prolific
Pegmatite Field. Presently, NAM is the largest mineral claim holder for Lithium and Rare Metal
projects in the Winnipeg River Pegmatite Field.
Lithium Canada Development is a 100% owned subsidiary of New Age Metals (NAM) who
presently has an agreement with Azincourt Energy Corporation (AAZ) whereby AAZ will now
commit on its first year a minimum of $600,000 in 2018. In its initial earn in AAZ may earn up
to 50%, of the eight Lithium projects that are 100% owned by NAM. AAZ’s 50% exploration
expenditure earn in is approximately $2.950 million and should they continue with their option
they must issue up to 1.75 million shares of AAZ to NAM. NAM has a 2% royalty on each of
eight Lithium Projects in this large pegmatite field. For additional information on the NAM/AAZ
option/joint-venture and recent acquisitions (see the news releases dated Jan 15, 2018, May
2, 2018, May 10, 2018).
ABOUT NAM’S PGM DIVISION
NAM’s 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 resources of 160 million tones @ 0.44 g/t Palladium,
0.17 g/t Platinum, 0.03 g/t Gold, with a total metal grade of 0.64 g/t at a cut-off grade of 0.4
g/t equating to 3,297,173 ounces PGM plus Gold and 4,626,250 PdEq Ounces (Table 1). This
equates to 4,626,250 PdEq ounces M+I and 2,713,933 PdEq ounces in inferred (see May 8 th,
2018 press release). Having completed a 2018 NI -43-101 resource update the company is
finalizing its 2018 exploratio n programs which will include geophysics, and extensive drill
New Age Metals TSX-V: NAM OTCQB: NMTLF
59 Burtch’s Lane, Rockport, ON, Canada, K0E 1V0 [email protected]
+1.613. 659.2773 www.newagemetals.com
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programs, which are all working towards the completion of a Preliminary Economic Assessment
(PEA). Our objective is to develop a series of open pits (bulk mining) over the 16 kilometers of
mineralization, concentrate on site, and ship the concentrates to the long-established Sudbury
Metallurgical Complex. On May 23 rd, 2018 , NAM’s board approved a Preliminary Economic
Assessment (PEA) on River Valley Platinum Group Metals Project’s. Management is currently
finalizing its selection of a 3rd party engineering company to complete this PEA. This will be the
first economic study on the project. Alaska: April 4th, 2018, NAM signed an agreement with one
of Alaska’s top geological consulting companies. The companies stated objective is to acquire
additional PGM and Rare Metal projects in Alaska. On April 18th, 2018, NAM announced the right
to purchase 100% of the Genesis PGM Project, NAM’s first Alaskan PGM acquisition related to
the April 4 th agreement. The Genesis PGM Project is a road accessible, under explored, highly
prospective, multi-prospect drill ready Pd-Pt-Ni-Cu property.
The results of the new resource estimation are tabulated in Table 1 below (0.4 PdEq cut-off).
Class Tonnes
‘,000
Pd
(g/t)
Pt
(g/t)
Rh
(g/t)
Au
(g/t)
Cu
(%)
Ni (%) Co (%) PdEq
(g/t)
Total
Measured
62,877.5 0.49 0.19 0.02 0.03 0.05 0.01 0.002 0.99
Total
Indicated
97,855.2 0.40 0.16 0.02 0.03 0.05 0.01 0.002 0.83
Total Meas
+Ind
160,732.7 0.44 0.17 0.02 0.03 0.05 0.01 0.002 0.90
Inferred 127,662.0 0.27 0.12 0.01 0.02 0.05 0.02 0.002 0.66
Class PGM + Au (oz) PdEq (oz) PtEq (oz) AuEq (oz)
Total Measured 1,440,248 1,999,575 1,999,575 1,136,930
Total Indicated 1,856,925 2,626,675 2,626,675 1,463,793
Total Meas +Ind 3,297,173 4,626,250 4,626,250 2,600,724
Inferred 1,578,367 2,713,933 2,713,933 1,323,809
Notes:
1. CIM definition standards were followed for the resource estimation.
2. The 2018 resource models used Ordinary Krig grade estimation within a three-dimensional block
model with mineralized zones defined by wireframed solids.
New Age Metals TSX-V: NAM OTCQB: NMTLF
59 Burtch’s Lane, Rockport, ON, Canada, K0E 1V0 [email protected]
+1.613. 659.2773 www.newagemetals.com
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3. A base cut-off grade of 0.4 % g/t PdEq was used for reporting resources.
4. Palladium Equivalent (PdEq) calculated using (US$): $1,000/oz Pd, $1,000/oz Pt, $1,350/oz Au,
$1750/oz Rh, $3.20/lb Cu, $5.50/lb Ni, $36/lb Co.
5. Numbers may not add exactly due to rounding.
6. Mineral Resources that are not mineral reserves do not have economic viability
7. The quantity and grade of reported inferred resources in this estimation are uncertain in nature
and there has been insufficient exploration to define these inferred resources as an indicated or
measured mineral resource and it is uncertain if further exploration will result in upgrading them
to an indicated or measured mineral resource category.
QUALIFIED PERSON
The contents contained herein that relate to Exploration Results or Mineral Resources is based
on information compiled, reviewed or prepared by Carey Galeschuk, a consulting geoscientist for
New Age Metals. Mr. Galeschuk is the Qualified Person as defined by National Instrument 43 -
101 and has reviewed and approved the technical content of this news release.
On behalf of the Board of Directors
“Harry Barr”
Harry G. Barr
Chairman and CEO
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