New Age Metals Inc. Announces Final Assay Results from 2024 Lithium Fieldwork Program
New Age Metals TSX-V: NAM OTCQB: NMTLF
Field Office: 59 Burtch’s Lane, Rockport, ON, Canada, K0E 1V0 [email protected]
+1.613. 659.2773 www.newagemetals.com
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NEW AGE METALS INC. ANNOUNCES FINAL ASSAY RESULTS FROM
2024 LITHIUM FIELDWORK PROGRAM
October 3rd, 2024, Rockport, Ontario - New Age Metals Inc. (TSX.V: NAM; OTCQB: NMTLF;
FSE: P7J.F) (“NAM” or the “Company”) in conjunction with its Farm-in/Joint Venture agreement
with Mineral Resources Ltd. (“MinRes”) is pleased to announce the successful completion and
recently received assay results from its 2024 exploration program on the Winnipeg River-Cat Lake
Lithium Projects, located in Southeast Manitoba.
Harry Barr, Chairman and CEO of New Age Metals commented “We are taking advantage of the
current downturn in the global lithium market to thoroughly review and evaluate our extensive
dataset, ensuring we are well-positioned for future growth. We're particularly pleased to see high
tantalum values on the Lithium One property, as the tantalum market continues to grow despite
lithium's recent challenges. Additionally, the preliminary results and projected outcomes from our
partnerships with leading subject matter experts at UNB and UBC are highly encouraging. These
results will play a crucial role in shaping our future exploration and targeting strategies offering
an in -depth understanding of the controls and timing of lithium -cesium-tantalum (“LCT”)
pegmatites in the project area.”
The work campaign was carried out by the Company’s technical consultants from Axiom
Exploration Group Ltd. (“Axiom”) in collaboration with academic partners from the University of
New Brunswick (“UNB”) and the University of British Columbia (“UBC”) with support from the
Manitoba Geological Survey. The team, assisted by helicopter, covered substantial ground over
the company’s property focusing on key lithium-cesium-tantalum (“ LCT”) style pegmatite
showings, major pegmatite -related bodies (including pegmatitic granites, leucogran ites, and
prominent plutons such as Maskwa, Birse, and Marijane), geophysical trends, demagnetized zones,
and historic mineral occurrences. The fieldwork involved detailed observations of mineralogy,
texture, and structure, along with extensive sampling of pegmatites, host rocks, and related
intrusions throughout the study area.
A total of 102 rock samples were collected by Axiom Exploration Ltd. and submitted to SGS
Canada Inc. for comprehensive analysis, with all results now successfully received (See Table 1
below). In parallel, an additional ~200 samples were gathered by Dr. Claude Nambaje as part of
the ongoing academic research project. These samples are currently undergoing further
investigation using advanced scientific instrumentation at UNB and UBC laboratories. The
analysis includes detailed petrographic studies, geochem ical profiling, and precise
geochronological dating, offering deeper insights into the region's complex mineralization
processes to further delineate prospective zones for the Company.
New Age Metals TSX-V: NAM OTCQB: NMTLF
Field Office: 59 Burtch’s Lane, Rockport, ON, Canada, K0E 1V0 [email protected]
+1.613. 659.2773 www.newagemetals.com
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Highlights:
- Resampling of the historic Huron pegmatite confirms the presence of high-grade tantalum
mineralization with returned assay values of 2014 ppm Ta and 710 ppm Ta (0.246% and
0.087% Ta2O5). The pegmatite is approximately 100 m long and 45 m wide with a
thickness up to 3.9 m (Manitoba Inventory File No. 178)
- Highly anomalous meta-sediment country rock sample on the Lithman East property
grading 461 ppm Li (0.10% Li2O) possibly indicating the presence of nearby mineralized
pegmatites
- Successfully sampled numerous major LCT -style pegmatite occurrences and related
granitic intrusions to be analyzed as part of the on-going academic research project
- Confirmed highly fractionated granitic intrusions on the Lithium One property with
samples returning assays up to 783 ppm Li (0.17% Li2O) near the Gray pegmatite and 599
ppm Li (0.13% Li2O) in the Greer Lake Leucogranite region
- The 20,270 ha project area s urrounds the prolific Tanco Mine and is host to numerous
LCT-style pegmatites withing the Cat Lake – Winnipeg River pegmatite field
Figure 1: Coarse Tantalite From the Huron Pegmatite on the Lithium One Property
New Age Metals TSX-V: NAM OTCQB: NMTLF
Field Office: 59 Burtch’s Lane, Rockport, ON, Canada, K0E 1V0 [email protected]
+1.613. 659.2773 www.newagemetals.com
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Figure 2: Assay Results from 2024 Fieldwork
About the Research Project
The ongoing research project aims to explore how emplacement modes and country rock types
affect the formation and mineralization of rare-element pegmatites in the Winnipeg River-Cat
Lake pegmatite field. Key objectives include determining the origins of the dense pegmatite
concentration in the region and providing precise dating of pegmatite emplacement to assess its
alignment with the local geological history. Notably, the lack of a clearly defined parental granite
raises the possibility that some pegmatites may have formed through direct anataxis.
The project is divided into three areas: (1) to understand how mode of emplacement is controlled by
regional structural fabrics; (2) characterize mineralogy and mineral chemistry and reconstruct pegmatite
petrogenesis to understand relative timing of rare-element mineralization and extrapolate potential for
more critical element mineralization in the pegmatite field; and (3) place absolute time constraints on
the mineralization using a multi-chronometer geochronology approach
New Age Metals TSX-V: NAM OTCQB: NMTLF
Field Office: 59 Burtch’s Lane, Rockport, ON, Canada, K0E 1V0 [email protected]
+1.613. 659.2773 www.newagemetals.com
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The research will employ advanced scientific techniques to achieve its objectives. In-situ U-Pb
dating using Laser Ablation Inductively Coupled Plasma Mass Spectrometry (LA-ICP-MS) on
columbite minerals, Rb-Sr isotope analysis in micas and feldspars, and U-Pb geochronology will
be completed at Micro-Analysis of Trace-element and Isotope Systems (MANTIS) lab at UNB
to precisely date the pegmatites. Additional methods, including Scanning Electron Microscopy
(SEM), Electron Probe Microanalysis (EMPA), and petrographic analysis of polished thin
sections, will characterize mineral textures and compositions. These analyses will be conducted
at specialized labs at the University of New Brunswick (UNB) and the University of British
Columbia (UBC).
The field work for the M.Sc. thesis was initiated in the summer of 2023 during which the focus
was on describing and sampling three pegmatite sites in the Cat Lake –Winnipeg River pegmatite
field: Tappy, Eagle and F.D. No. 5 pegmatites. The summary of field activities can be found here:
https://www.manitoba.ca/iem/geo/field/roa23pdfs/GS2023-4.pdf. These results were presented
during the CCMEC conference in Winnipeg in November 2023, the Atlantic Geoscience Forum
in Moncton in February 2024 and the GAC-MAC-PEG2024 conference in Brandon in May 2024.
The analytical work on samples collected from each locality focused on the geochemistry of micas
and feldspars, and geochronology and is currently ongoing.
The Post Doctoral Fellow initiated the summer field work in June 2024. The main objectives are
to target the various units of the Bird River domain with an emphasis of collecting outcrop
information and samples on the different groups of pegmatite occurrences in the area.
The Manitoba Geological Survey (MGS) has been providing field logistical support to both the
MSc. student and post doctoral fellow as part of an ongoing project in the area initiated in 2023.
The MGS project is in part a response to the exploration interest in the Brid River domain, which
has a well-established potential for critical minerals. The focus of the MGS project is on
updating the 1:50 000 scale regional geology map, regional structural trends related with
pegmatite emplacement and the mineral occurrences in the multi commodity Bird River domain.
The results of the 2023 MGS field season can be found here:
https://www.manitoba.ca/iem/geo/field/roa23pdfs/GS2023-2.pdf.
New Age Metals TSX-V: NAM OTCQB: NMTLF
Field Office: 59 Burtch’s Lane, Rockport, ON, Canada, K0E 1V0 [email protected]
+1.613. 659.2773 www.newagemetals.com
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Table 1: Assay Highlights from 2024 Fieldwork Campaign
Sample
ID
NAD 83 Zone 15 Li
ppm Li2O % Cs
ppm
Ta
ppm
Rb
ppm
Nb
ppm
Be
ppm Easting Northing
444782 331832 5580405 783 0.17 105 39.6 1323 134 433
444741 341043 5580051 599 0.13 53.6 20.5 1531 97 2.5
444781 331934 5580461 586 0.13 64.5 26.2 1401 97 2.5
444801 335496 5578794 469 0.10 980 185 10000 49 16
444713 332756 5590474 461 0.10 38.8 0.7 153 6 2.5
444722 332712 5580393 418 0.09 49.3 12.2 1156 94 2.5
444783 331858 5580551 362 0.08 48 19.1 1346 87 2.5
444743 341132 5580347 248 0.05 88.9 9.5 970 51 59
444742 341197 5580202 214 0.05 92.2 8.6 1412 38 2.5
444747 338151 5585996 204 0.04 66.3 5.7 541 49 2.5
444712 332723 5590436 100 0.02 74.1 91.5 1120 70 39
444730 334617 5587827 35 0.01 35.7 14.5 1045 61 2.5
444799 335347 5578618 31 0.01 55.3 52.3 872 145 7
444732 334626 5587893 31 0.01 64.3 40.8 695 61 22
444797 334911 5578316 30 0.01 40.4 59.2 330 51 1975
444800 335347 5578618 28 0.01 62.1 34.1 1159 69 2.5
444721 332791 5580009 21 0.00 4.2 75.4 186 111 9
444706 318604 5586853 19 0.00 167 98 2230 28 141
444717 332872 5579989 14 0.00 1.2 710 19 1079 6
444709 332754 5590289 12 0.00 31 76.9 438 66 2.5
444715 332758 5579978 12 0.00 10.7 60.1 907 85 14
444796 334911 5578317 10 0.00 40.7 158 1086 100 998
444731 334579 5587837 10 0.00 24 35 1054 61 36
444718 332823 5579991 5 0.00 3.1 2014 117 3251 10
444707 318627 5586815 5 0.00 18.6 398 57 68 191
444728 334745 5587994 5 0.00 9.2 135 314 280 8
444708 319099 5586678 5 0.00 222 81 3822 34 111
444803 338385 5578601 5 0.00 7.9 79.8 788 91 13
444804 338682 5578847 5 0.00 10 75.2 1506 86 131
444806 338061 5578576 5 0.00 17 11.7 1231 32 2.5
New Age Metals TSX-V: NAM OTCQB: NMTLF
Field Office: 59 Burtch’s Lane, Rockport, ON, Canada, K0E 1V0 [email protected]
+1.613. 659.2773 www.newagemetals.com
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Sampling, analytical methods and QA\QC protocols
A thorough chain-of-custody and quality assurance and quality control (“QA/QC”) program was
carried out during the field program. Samples were obtained by rock hammer and rock saw.
Sample locations were recorded by handheld Garmin GPS and samples were photographed with
the documented number tags, then placed in poly sample bags and zip tied.
The Company’s implemented QA/QC procedures included the routine insertion of LCT
pegmatite certified standard control samples, lab duplicates, and silica blanks in accordance with
industry recommended practices. This was used to test for natural variability, sampling bias, and
homogeneity during sample preparation processes within the lab as well as testing the precision
of the sample and any possible contamination from the lab and ensure proper calibration of lab
equipment. Analytical results of certified reference materials were verified graphically and
determined to be within the allowable error of 2 standards deviations of the certified lithium
values.
All rock samples were submitted to SGS Canada Inc. for Sodium Peroxide Fusion / ICP-AES
and ICP-MS analysis with a focus on Lithium, Tantalum, and Cesium. All soil and biological
samples were submitted SGS Canada Inc. in Burnaby, BC for MMI-M (soils) and MMI-MV
(bio) analysis with measurement by conventional ICP-MS. SGS Canada Inc. is independent of
the Company.
About NAM
New Age Metals is a junior mineral exploration and development company focused on the
discovery, exploration, and development of green metal projects in North America. The Company
has two divisions: a Platinum Group Element division and a Lithium/Rare Element division.
The PGE Division includes the 100% owned, multi -million-ounce, district -scale River Valley
Project, one of North America’s largest undeveloped Platinum Group Element Projects, situated
100 km by road east of Sudbury, Ontario. In addition to River Valley, N AM owns 100% of the
Genesis PGE-Cu-Ni Project in Alaska and plans to complete a surface mapping and sampling
program in 2023.
The Company’s Lithium Division is one of the largest mineral claim holders in the Winnipeg River
Pegmatite Field, where the Company is exploring for hard rock lithium and various rare elements
such as tantalum, rubidium, and cesium. In conjunction with its Farm-in/Joint Venture agreement
with Mineral Resources Ltd. (“MinRes”) is pleased to announce that summer field work has
commenced on the Company’s Winnipeg River-Cat Lake Lithium Projects of Southeast Manitoba.
New Age Metals TSX-V: NAM OTCQB: NMTLF
Field Office: 59 Burtch’s Lane, Rockport, ON, Canada, K0E 1V0 [email protected]
+1.613. 659.2773 www.newagemetals.com
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This work is in conjunction with a research project being carried out across the properties in
partnership with the University of New Brunswick, University of British Columbia, and supported
by the Manitoba Geological Survey. A budget from June 2024 to Apr il 2025 of ~$450,000 has
been approved by Mineral Resources Ltd (MRL, ASX: MIN), a top global lithium producer to
explore and develop the Company’s lithium project portfolio in Southern Manitoba. Our
philosophy is to be a project generator with the objective of optioning our projects with major and
junior mining companies through to production.
The Company is actively seeking an option/joint venture partner for our newly acquired
Northman and South Bay Lithium Projects in northern Manitoba, and its road -accessible
Genesis PGE-Cu-Ni Project in Alaska.
Management is currently aggressively seeking new mineral acquisition opportunities on an
international scale.
Investors are invited to visit the New Age Metals website at www.newagemetals.com where they
can review the company and its corporate activities. Any questions or comments can be directed
to [email protected] or Harry Barr at [email protected] or Farid Mammadov
at [email protected] or call 613 659 2773.
Qualified Person
The technical information in this news release has been reviewed and approved by Lynde
Guillaume (Senior Geologist, Axiom Exploration Ltd.), a Qualified Person, and a Professional
Geoscientist (P.Geo) who is a registered member of the ‘Engineer and Geosciences of Manitoba’
(no. 47952).
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On behalf of the Board of Directors
“Harry Barr”
Harry G. Barr
Chairman and CEO
New Age Metals TSX-V: NAM OTCQB: NMTLF
Field Office: 59 Burtch’s Lane, Rockport, ON, Canada, K0E 1V0 [email protected]
+1.613. 659.2773 www.newagemetals.com
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