New Age Metals Recommences Drilling and Environmental Studies at River Valley Palladium Project Near Sudbury
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 Recommences Drilling and Environmental Studies at River
Valley Palladium Project Near Sudbury
• The River Valley Project is one of North America’s largest undeveloped primary
Palladium projects. The Project has excellent infrastructure and is within 100 k m of
the Sudbury Metallurgical Complex. The Project is 100% owned by New Age Metals
• The Company contracted Jacobs & Samuel Drilling Ltd of Val Caron, Ontario
to conduct a Phase 2, 750 metre drill program at the River Valley Project and
drilling has begun
• July 23, 2020 palladium spot price is US$2,095/oz. As such the basket-price of the
payable metal suite at River Valley , which includes palladium, platinum, gold,
copper, nickel, and cobalt is priced significantly higher than the pricing used in
the 2019 Preliminary Economic Assessment
July 30, 2020 Rockport, Canada – New Age Metals Inc. (TSX.V: NAM; OTCQB: NMTLF; FSE:
P7J.F) Harry Barr, Chairman & CEO, stated ; “New Age Metals is pleased to announce that the
company commenced the next phase of drilling at the River Valley Palladium deposit near
Sudbury, Ontario. The company plans to drill about 750 m of core in three holes to test high-
priority targets adjacent to the Pine Zone and Dana North Zone of the River Valley deposit. This
drill program is the second phase of our 2020 exploration and development program, and will run
through August.”
The objectives of the Phase 2 drill program are threefold: 1) in-fill a gap in the previous
drilling of the T3 target; 2) expand the T3 target along strike and southwards, and 3) test an
undrilled IP chargeability high along 300 metres along strike from the Pine Zone . The T3
target is located downdip/down-plunge of the Pine Zone , in the footwall to the Dana North
Zone. Additional information can be found in the various press releases on the New Age Metals
website.
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 Phase 2 program also includes environmental baseline studies being conducted underway by
Story Environmental. This year’s data collection program includes: collecting and analyzing two
rounds of surface water samples in low- and high-flow conditions, conducting flow measurements
at two local sites, and conducting a fish community and habitat survey. The baseline program data
collection may continue into Q4 2020, depending on progress and field conditions.
In addition to the environmental baseline studies, the Phase 2 program also includes a Stage 1
Archaeological Assessment within the River Valley Palladium Project area.
About the River Valley Palladium Project
The details of the updated Mineral Resource Estimate (MRE) and Preliminary Economic
Assessment (PEA) were announced in the press release dated August 9, 2019 and are described on
NAM’s website. The pit constrained Updated Mineral Resource Estimate formed the basis of the
PEA. At a cut-off grade of 0.35 g/t PdEq, the Updated Mineral Resource Estimate contains 2.867
Moz PdEq in the Measured plus Indicated classifications and 1.059 Moz PdEq in the Inferred
classification. The PEA is a preliminary report, but it demonstrates tha t there are potentially
positive economics for a large -scale mining open pit operation, with 14 years of Palladium
production. Refer to the NAM website (www.newagemetals.com) for details.
Investor Awareness Update
New Age Metals is pleased to announce th at the Company will be participating in September’s
Global Mining Symposium and November’s Precious Metals Summit Europe, along with some of
the most prominent names in the mining industry. Further information about NAM’s participation
and schedule at the event will be provided when available. The Company is evaluating other
opportunities to increase investor awareness and to lever age the virtual conference platforms
widely available to access markets outside of North America and Europe , in which we have
previously been active.
Stock Option Grant
In addition, the Company announces that it has granted 2,000,000 incentive stock options to
directors, officers and consultants of the Company at an exercise price of $0.10 per share for a
period of five (5) years from the date of grant in accordance with the Company's Stock Option
Plan. The Stock Options granted will be s ubject to vesting restrictions, acceptance by the TSX
Venture Exchange and will be subject to regulatory hold periods in accordance with applicable
Canadian Securities Laws.
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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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 Metals division and a Lithium/Rare Element division. The
PGM division includes the 100% owne d River Valley Project, one of North America’s largest
undeveloped Platinum Group Metals Projects, situated 100 km from Sudbury, Ontario as well as
the Genesis PGM Project in Alaska. The Lithium division is the largest mineral claim holder in
the Winnipeg River Pegmatite Field, where the Company is exploring for hard rock lithium and
various rare elements such as tantalum and rubidium. Our philosophy is to be a project generator
with the objective of optioning our projects with major and junior mining comp anies through to
production. The Company is actively seeking an option/ joint venture partner for its road -
accessible Genesis PGM project in Alaska and for our Lithium division in Manitoba.
New Age Metals is a junior resource company on the TSX Venture Exchange, trading symbol
NAM, OTCQB: NMTLF; FSE: P7J with 138,854,511 shares issued to date.
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 Cody Hunt at [email protected] or call 613 659
2773.
Qualified Person
The contents contained herein that relate to Exploration Results or Mineral Resources is based on
information compiled, reviewed or prepared by Bill Stone, P.Geo., a consulting geoscientist for
New Age Metals. 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
“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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