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Green metals company continues advancing projects

Stockhouse Editorial
0 Comments| March 30, 2017


Click to enlargeNew Age Metals Inc. (TSX: V.NAM, OTCQB: PAWEF, Forum) is a Canadian junior mining company with a dual focus in its operations. Formerly known as Pacific North West Capital Corp., New Age Metals has been forging ahead on its River Valley PGM Project, Canada’s largest undeveloped PGM deposit.

More recently, the Company added a second division for lithium exploration, looking to capitalize on the long term explosion in lithium demand resulting from the revolutionary introduction of lithium-ion fuel cells. It was this additional dimension to NAM’s operations which inspired the name change.

Since the beginning of December, New Age Metals has produced significant exploration results from the River Valley Project and encouraging assays from the Company’s Lithium One property in southeast Manitoba. In February; NAM provided an update on the status of its five lithium properties. Further information can be found here.


  1. For newer investors, tell us about New Age Metals.
New Age Metals Inc. is a Mineral Exploration Company, focused on the Discovery, Exploration and Development of Canada's Largest Primary Platinum Group Metals (PGM) deposit, the River Valley PGM Project, located in the Sudbury region of Northern Ontario. The Company also has a Lithium Division (Li), with 5 Li Projects. Our philosophy is to be a Project Generator, Explorer and Project Operator, with the objective of Optioning/Joint Venturing our Projects, with Major and Junior Mining Companies, through to Production.
 
  1. The Company’s flagship project is its River Valley PGM Project, located in the Sudbury region. Please summarize the exploration work which has been done on this land package to date.
 
In brief the history of the project includes;
  • 1999:  Anglo Platinum signed Option-JV Agreement with NAM
  • 2000:  Drill hole discovery of PGM
  • 2008:  Anglo earned-in for 50% after investing $22 million in exploration
  • 2010: NAM acquires Anglo’s 50% interest for 100% ownership of property
  • 2011: NAM restarts PGM exploration & development activities
  • 2012:             Mining Leases granted and Environmental baseline studies conducted
  • 2013: Phase 1 Metallurgical Study completed and Community engagement
  • 2015:             T2 High-Grade PGM discovery
  • 2016: Additional drilling of Pine Zone and field validation of other Pine Zone-like targets
In total, ~$30 million invested to date, in PGM exploration at River Valley Project
 
 
  1. New Age Metals has compiled several resource estimates on the River Valley property as it has continued its development of the deposit. What are the latest numbers on this resource estimate?
The resource is accessible on the website and can also be viewed in the graphics below.

NewAgeMetals_resourceestimate-(1).jpg
(click to enlarge)


 


  1. NAM recently expanded mineralization on the deposit. Where was this new mineralization identified?
 
This new discovery was located in the northern portion of the project and is called the Pine Zone. Grades recovered in the 2016 drilling include;
 
  • Hole 2015-DN002 intersected 9 m grading 3.909 g/t Pd-Pt, 0.121 g/t Au, 0.264% Cu from 145 m downhole
  • Hole 2015-DN001 intersected 16 m grading 2.054 g/t Pd-Pt, 0.091 g/t Au, 0.179% Cu from 184 m downhole
  • Hole 2016-DN-T2-06 intersected 9 m grading 4.065 g/t Pd-Pt, 0.176 g/t Au, 0.280% Cu from 178 m downhole
  • Hole 2016-DN-T2-10 intersected 4m grading 3.093 g/t Pd-Pt, 0.071 g/t Au, 0.190% Cu from 202 m downhole
 
Click to enlarge
  1. What are management’s near-term plans for the River Valley Project?
 
We will continue to drill the new defined high grade Pine Zone to increase our resource and in future complete a PEA, as well as seek partners that can bring the project into production.
 
  1. PGM prices have been a mixed bag over the past year. Palladium prices have been climbing steadily while platinum prices have been bouncing sideways. What is your outlook for PGM prices over the remainder of 2017?
 
We feel that there is a deficit in the future for PGM’s with the South African mines getting deeper and more expensive. No new discoveries have been brought forward and NAM has the largest undeveloped primary PGM project in Canada.
 
  1. In 2016; New Age Metals launched its new lithium division and the Company recently completed some field exploration work on its Lithium One property in Manitoba. What were the highlights of these assays?
 
On the Lithium One project in Manitoba we had results from surface exploration of 4.33% LiO2 and 0.04% Ta2O5 from the Silverleaf Pegmatite. On Lithium Two and the Eagle Pegmatite results were 3.04% LiO2 and From the FD5 was 2.08% LiO2. These projects are drill ready and we also have three other projects to bring forward.
 
NewAgeMetals_Lithium-One-Map.jpg
(click to enlarge)
 
  1. Is the Company planning on follow-up exploration at Lithium One or is management leaning toward exploration on one of NAM’s other lithium properties?
Our focus is our flagship project River Valley-PGM, however we plan to continue our exploration on our Lithium projects and pursue a partner with them.


  1. In combining PGM exploration with lithium exploration, New Age Metals is providing investors with exposure to several metals with important, 21st century industrial applications. Going forward, how is management planning on adding additional shareholder value to its operations?
 
With a world class technical team within NAM we are always looking for new projects that will increase shareholder value. We feel with the changing view on green energy that we are well positioned to compete and develop this space.
 
FULL DISCLOSURE: New Age Metals Corp is a paid client of Stockhouse Publishing.




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