New Age Metals Commences IP Geophysical Survey at River Valley Project
New Age Metals TSX-V: NAM OTCQB: PAWEF
101-2148 W 38th Ave, Vancouver BC, V6M 1R9 [email protected]
+1.604.685.1870 www.newagemetals.com
New Age Metals Commences IP Geophysical Survey at River Valley Project
Closed $2,614,762 Private Placement, April 27, 2017
Abitibi Geophysics has commenced a surface IP geophysical program.
River Valley is the Largest Undeveloped Primary PGM resource in Canada, with 2.5
Moz PGM, in Measured Plus Indicated mineral resources and near-surface
mineralization covering over 16kms of strike.
New discoveries in 2015 and 2016 continue to show the positive upside for the River
Valley PGM Deposit
Summer/Fall diamond drilling will commence upon completion of the IP geophysical
survey and will consist of ~5000 metre program.
June 6th, 2017 Vancouver, Canada – New Age Metals Inc. (TSX.V: NAM; OTCQB: PAWEF; FSE:
P7J.F) is pleased to announce that the line cutting of the Pine Zone Grid is complete at the River
Valley PGM Project in northwest Ontario and the Induced Polarization (IP) geophysical survey
has begun. During a recent review of the past data, the line cutting and IP work has been
planned to extend in other areas.
The Pine Zone is one of numerous prospective PGM zones (Figure 1) within the district-scale
River Valley PGM Project and was most recently drilled in the fall of 2016 ( press release
December 13, 2016 ). The 2016 drill program confirmed the higher-grade, near-surface PGM
discovery made in the 2015 drill program ( press release March 11, 2015 ) and highlighted the
continuity of the mineralization for 200 metres along strike and 100-200 metres depth at the
Pine Zone. The Pine Zone remains open along strike and at depth. This re-interpretation of
the River Valley Deposit and its mineralization has the potential of advancing the project to a
strong economic stage. The surface geophysical survey will test the potential for eastwards and
southwards extension of the Pine Zone as well as the adjacent Dana North Zone (Figure 2). The
survey will aid in the generation of new targets for follow up drill testing. The diamond drill
crew is on standby awaiting the completion and interpretation of the present IP geophysical
survey.
Approximately 2 km of untested potential for discovery of additional mineralization presently
exists along strike between the current drilled extent of the Pine Zone and the underexplored
Pardo Zone to the northwest (Figure 2).
New Age Metals TSX-V: NAM OTCQB: PAWEF
101-2148 W 38th Ave, Vancouver BC, V6M 1R9 [email protected]
+1.604.685.1870 www.newagemetals.com
The geophysical survey will be 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 survey size at the Pine
Zone will be 20 line-km over an area measuring 1.1 sq km (Figure 3).
Figure 1. Location of NAM’s 100% owned River Valley PGM Project.
The survey will be performed along NW-SE trending, 50m to 100m spaced cut-lines across the
apparent strike direction of the geological and structural features controlling the Pine
Zone. The depth of investigation is planned to be 440m, which is 40m below the maximum
predicted depth of the Pine Zone in this area. In addition to the OreVision® IP survey, Abitibi
Geophysics will also carry out a borehole survey on two drill holes from the last drill program
New Age Metals TSX-V: NAM OTCQB: PAWEF
101-2148 W 38th Ave, Vancouver BC, V6M 1R9 [email protected]
+1.604.685.1870 www.newagemetals.com
at the Pine Zone through the host geology and PGM mineralization for physical property
measurements. The physical property data collected from these drill holes will benefit 3D
inversion and modelling of the OreVision® survey dataset, thereby aiding generation of high
priority targets for drill testing. Target generation will be followed by a ~5000 metre drill
program in the summer/fall of 2017.
Figure 2. Property scale geological map showing the location of the Pine Zone discovery
relative to the Dana North Zone immediately to the west and the Pardo Zone 2 km to the
northeast. Note the apparent dextral sense of offset of the River Valley PGM deposit (red)
across the Grenville Front Tectonic Zone.
New Age Metals TSX-V: NAM OTCQB: PAWEF
101-2148 W 38th Ave, Vancouver BC, V6M 1R9 [email protected]
+1.604.685.1870 www.newagemetals.com
Figure 3. Design map grid for the OreVision® IP surface survey in the Pine Zone-Dana North
Zone (DNZ) area of the River Valley PGM Project. WBSZ = West Boundary Shear Zone. Solid
black circles = diamond drill hole collar locations.
Trevor Richardson, President and COO comments; “We are very pleased to commence our 2017
exploration program from the completion of our private placement. The geophysics will hone in
on targets from our newly discovered areas and assist in targeting the summer/fall drill
program. We are confident that this will assist in moving the project forward towards a
Preliminary Economic Assessment.”
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 NW Ontario (100 km 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. The River Valley PGM-Copper-Nickel Sulphide mineralized
zones remain open to expansion and are undergoing continued exploration.
New Age Metals TSX-V: NAM OTCQB: PAWEF
101-2148 W 38th Ave, Vancouver BC, V6M 1R9 [email protected]
+1.604.685.1870 www.newagemetals.com
In 2016, the company acquired the River Valley extension property from Mustang Minerals
which added approximately 4kms to the project’s mineralized strike length.
ABOUT NAM’S LITHIUM DIVISION
The Company has several Hard Rock Lithium Projects in the Winnipeg River Pegmatite Field,
located in SE Manitoba. 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. Today, the Tanco Mine is focused on the mining of Pollucite
(primary Cesium ore) and the production of Cesium Formate, a completion drilling fluid for the
petroleum industry. NAM’s Lithium Projects are strategically situated in this prolific Pegmatite
Field. Presently, NAM is the largest mineral claim holder in the Winnipeg River Pegmatite
Field and is seeking JV partners to further develop the company’s Li division.
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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