NEW AGE METALS (NAM) OUTLINES 2017 EXPLORATION PLANS FOR RIVER VALLEY PGM PROJECTS, SUDBURY Two 100% owned Platinum Metal Projects near Sudbury, northeastern Ontario Projects cover 16 km long River Valley PGM deposit Majority of resources in Measured and Indicated categories and near-surface
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New Age Metals
101-2148 W 38th Ave, Vancouver BC, V6M 1R9 [email protected]
+1.604.685.1870 www.newagemetals.com
TSX-V: NAM OTCQB: PAWED
NEW AGE METALS (NAM) OUTLINES 2017 EXPLORATION PLANS FOR
RIVER VALLEY PGM PROJECTS, SUDBURY
Two 100% owned Platinum Metal Projects near Sudbury, northeastern Ontario
Projects cover 16 km long River Valley PGM deposit
Majority of resources in Measured and Indicated categories and near-surface
Established infrastructure with communities nearby in mining friendly jurisdiction
New discovery in 2015: 3.91 g/t Pd+Pt/9m from 145m in drill hole 2015-DN002
Discovery confirmed in 2016: 4.07 g/t Pd+Pt/9m from 202m in drill hole DN-T2-06
Exploration Plans proposed for 2017 include ground geophysical surveys and drilling
Geophysical survey underway
February 15 , 2017 Vancouver, Canada – New Age Metals ( “NAM”, the “Company”) (TSX.V:
NAM; Frankfurt: P7J.F; OTCQX: PAWEF is pleased to announce exploration plans proposed for
2017 at its 100% owned River Valley platinum group metal (PGM) projects near Sudbury,
Ontario. The exploration focus will be on drilling priority PGM targets generated from
modelling of previous exploration data and of new data from geophysical surveys to be
conducted over the Pine Zone-Dana North Zone-Pardo Zone area of the vast River Valley PGM
deposit (Figure 1).
Three-dimensional geological and structural modelling of the available drilling data, particularly
from the 2015 and 2016 programs that discovered the Pine Zone ( see press releases dated
March 11, 2015 and December 13, 2016 ), highlights the potential to expand the PGM
mineralization in three directions (Figure 2): 1) down-dip towards Target T3, 2) east along strike
towards Pardo Zone 2 km away, and 3) up -dip 100 metres to surface. The Pine Zone as
currently defined is located under the main access road into the north pa rt of the River Valley
PGM deposit, in the immediate footwall to measured and indicated PGM resources at the Dana
North Zone ( see NI43 -101 Technical Report dated May 1, 2012 ), and is overlain by mineral
leases owned 100% by NAM.
As for geophysics, a stud y is currently underway (with Blaine Webster, PGeo consulting
geophysicist) to recover and review the historic surface and borehole induced polarization
(IP) survey results for the Dana North and Pardo Zones . The PGM mineralization occurs closely
associated with disseminated chalcopyrite -pyrrhotite mineralization with a strong positive IP
chargeability response. The review study results will aid planning of the 2017 surface and
borehole IP geophysical surveys of the Pine Zone -Pardo Zone -Target T3 area.
Modern 3D IP survey systems can detect disseminated sulphide zones at greater depths and
with better resolution than previous systems . Software packages can now more accurately
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New Age Metals
101-2148 W 38th Ave, Vancouver BC, V6M 1R9 [email protected]
+1.604.685.1870 www.newagemetals.com
TSX-V: NAM OTCQB: PAWED
model the position of IP chargeability anomalies in 3D space to aid development of drill targets.
A total of up to about 50 line -km is proposed to be IP surveyed in the spring/summer 2017,
prior to drilling.
The 2017 drill program will focus on expansion of the Pine Zone up - and down -dip and
laterally, bas ed on the results of the geological and geophysical modelling activities as
outlined above. A total of up to about 5000 metres is proposed to be drilled in about 20
holes, beginning in the summer/fall 2017. The exploration plans proposed for 2017 are subject
to financing in the capital markets and (or) finding a Strategic Partner and approval of
Exploration Permit Applications.
Figure 1. Location of the Pine -Dana North -Pardo Zones at the north end of the River Valley PGM deposit.
The apparent gap between the Dana North and Pardo Zones is attributed to offset along the Grenville Front
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New Age Metals
101-2148 W 38th Ave, Vancouver BC, V6M 1R9 [email protected]
+1.604.685.1870 www.newagemetals.com
TSX-V: NAM OTCQB: PAWED
fault system. The Pine Zone is interpreted from the 3D modelling to have been part of Dana North that has been
transposed into parall elism with the Grenville Fault during movement and deformation along the latter
structure.
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New Age Metals
101-2148 W 38th Ave, Vancouver BC, V6M 1R9 [email protected]
+1.604.685.1870 www.newagemetals.com
TSX-V: NAM OTCQB: PAWED
Figure 2. River Valley Project Pine Zone-Target T3 drill intersects. View looking west from above the horizontal.
ABOUT NAM’s PGM DIVISION
NAM’s flagship projec t is its 100% owned River Valley PGM Project ( NAM Website – River
Valley Project) in the Sudbury Mining District of northwest Ontario (60 kilometres due east of
Sudbury, Ontario). Presently the River Valley Project has Measured + Indicated resources of 91
million tonnes @ 0.58 g/t* palladium, 0.22 g/t platinum, 0.04 g/t gold at a cut -off grade of 0.8
g/t for a PdEq of 2,463,000 ounces PGM plus gold. River Valley PGM -copper-nickel sulphide
mineralized zones remain open to expansion and are undergoing continued exploration.
QUALIFIED PERSON
The contents contained herein that relate to Ex ploration Results or Mineral Resources is based
on information compiled, reviewed or prepared by Dr. Bill Stone, Principal Consulting
Geoscientist for Pacific Northwest Capital. Dr. Stone 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
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New Age Metals
101-2148 W 38th Ave, Vancouver BC, V6M 1R9 [email protected]
+1.604.685.1870 www.newagemetals.com
TSX-V: NAM OTCQB: PAWED
“Harry Barr”
Harry G. Barr
Chairman and CEO
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