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New Age Metals $NAM.ca Provides 2017 Drill Program Update at the River Valley #Platinum Group Metal #PGM Project

Posted by AGORACOM-JC at 9:43 AM on Thursday, August 17th, 2017

New age large

  • Midway through 16,500ft drill program
  • Abitibi Geophysics has completed the final IP geophysical report
  • Drilling has been focused on follow-up drilling to further test the continuation of the Pine Zone and Dana North Zone
  • Further drilling will test the geophysical targets from the IP Survey
  • 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.

August 17th, 2017 / Vancouver, Canada – New Age Metals Inc. (TSXV: NAM; OTCQB: PAWEF; FSE: P7J.F) is pleased to announce that the 2017 Drill Program is at the midway point in the planned program on the Dana North (T3) and Pine Zone at the River Valley PGM Project, approximately 100 kilometers east of Sudbury, Ontario. The Induced Polarization (IP) geophysical survey and borehole geophysics was completed by Abitibi Geophysics and a final report has been completed. The first portion of the drill program was concentrated on follow-up drill testing of the 2015-2016 PGM mineralization at the Pine Zone. Drilling will now focus on the geophysical interpretation from the recently completed IP Survey.

The Pine Zone is one of numerous prospective PGM zones (Figure 2) within the district-scale River Valley PGM Project and was 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. The recent drill program (Figure 1) has completed 6 follow-up holes on this zone. Approximately 5000 meters (16,500 feet) of drilling is planned for the present drill program. The first batch of assays has been sent to the laboratory and results are expected in the next few weeks. The second batch of assays is scheduled to be sent to the laboratory after the next drill hole.

The surface IP geophysical survey was designed to test the eastward and southward extension and dip/plunge of the Pine Zone, as well as the adjacent Dana North Zone (Figure 1). The extension of the IP survey tested the Banshee Zone. Initial interpretations are complete and the final report has been completed. Several new targets from the geophysics have been identified and are planned for drill testing.


Click Image To View Full Size

Figure 1. Zoom in of the Pine Zone and Present Area of Drilling

This present exploration activity of drilling and geophysics is geared to establish the resource base for a Preliminary Economic Assessment (PEA) Report which the company plans to complete before the end of 2018.

To date (not including the present drill program) approximately 671 holes (152,394 metres) have been conducted by the company and its past major joint venture partners to test the PGM mineralization extents of the River Valley Intrusion. As well, several 43-101 complaint resource estimates have been generated. The River Valley Deposit is the Largest Undeveloped Primary PGM resource in Canada, with 2.5M oz PGM, in Measured Plus Indicated mineral resources and near-surface mineralization covering over 16kms of continuous strike length and open at depth.

 


Click Image To View Full Size

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.


Click Image To View Full Size

Figure 3. Location of NAM’s 100% owned River Valley PGM Project.

The Company will continue to update investors as the drill results are received.

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 Northern Ontario (100 km east of Sudbury, Ontario). Presently the River Valley Project is Canada’s largest primary undeveloped PGM deposit with 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 geophysics currently completed and drilling to commence mid July 2017 as part of our ongoing continued exploration.

In 2016, the Company acquired the River Valley extension property from Mustang Minerals which added approximately 4kms to the project’s mineralized strike length to the southern portion of the intrusion.

ABOUT NAM’S LITHIUM DIVISION

The Company has five pegmatite hosted 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. 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

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.

River Valley #PGM Project Canada’s Largest Undeveloped Primary PGM Resource, With 2.5 Moz PGM In Measured Plus Indicated Mineral Resources $NAM.ca

Posted by AGORACOM-JC at 5:18 PM on Thursday, August 3rd, 2017

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(NAM:TSXV)

  • PGM Division: focus on Development of the 100% owned River Valley PGM Project. Canada’s Largest Undeveloped Primary PGM Resource, with 2.5 Moz PGM, in Measured plus Indicated mineral resources.

River Valley PGM Project

Largest Undeveloped Primary PGM Deposit in Canada

River Valley PGM Project is located 100 km east of Sudbury, Ontario

  • Sudbury hosts 1 of the Top 4 Nickel, Copper & PGM Mining & Processing Facilities in the World
  • Skilled Workforce, Established Mining Culture; Safe, Stable Pro-Mining Jurisdiction
  • Excellent Road Access to River Valley Property; Rail and Power Nearby
  • $30M Invested in Exploration, Large High-Confidence Resource, Favourable Metallurgy

Millennials’ use of technology is driving lithium demand $BFF.ca $NAM.ca

Posted by AGORACOM-JC at 12:30 PM on Friday, July 28th, 2017

Don Hauka, Special to BNN.ca from Market One Media

Pastos Grandes, Salta Province Argentina
  • According to Goldman Sachs, “Lithium is the new gasoline”.
  • Essential light metal that powers all our hi-tech tools like cell phones, laptops and electric cars.
  • Additionally it is used in grid storage or “powerwalls” that store energy generated by wind turbines and solar cells, allowing energy to be put back into the power grid when consumers need it.

Millennial Lithium is looking to power tomorrow’s generation

According to Goldman Sachs, “Lithium is the new gasoline”. It is the essential light metal that powers all our hi-tech tools like cell phones, laptops and electric cars. Additionally it is used in grid storage or “powerwalls” that store energy generated by wind turbines and solar cells, allowing energy to be put back into the power grid when consumers need it. This 21st century metal is the key driver of clean, renewable energy storage technology. We can’t get enough of it — literally.

Kyle Stevenson, President of Millennial Lithium Corp. (TSX.V: ML), says the world supply of lithium must increase exponentially in order to meet future demand. Fortunately, Millennial Lithium is in a position to help fill the future supply gap predicted my many analysts.

A recent article by The Economist, called the boom The White Gold Rush.

For Stevenson, the White Gold Rush math is pretty simple: the demand for lithium is soaring and so is its price. Demand is being driven by the need to eliminate green house gas-producing internal combustion engines with clean electric vehicle (EV) technology. EVs rely on lithium batteries for power. Lithium prices, are hitting record highs in China, with battery grade lithium jumping to a high of $20,000 per ton in 2017, almost tripling in one year.

Goldman Sachs wrote a report that stated for every one per cent uptake of electric vehicles, you need 70,000 tonnes of lithium carbonate production per year. That’s equivalent to three or four good-sized mines, according to Stevenson.

EVs are growing in popularity in North America, but are even more popular in Europe. In Norway, the penetration of electric vehicles is 37 per cent of the market. Stevenson sees countries like Canada following suit sooner than later.

“That’s where the industry’s going — it’s all going electric,” he says. “In the near future, if you have a two-car family, one will be electric.”

Evidence of that is the demand for the new Tesla Model 3 EV, which is about to go into production. Reasonably priced at about $35,000, Tesla has 400,000 advance orders for this cutting-edge vehicle. But a shortage of lithium for the crucial batteries is putting the brakes on production. Tesla can only produce between 100,000–150,000 vehicles a year due to the lithium shortage.

Couple that with the ever-growing sales of cell phones and other technological products that rely on lithium for their components, and the demand for the new gasoline just keeps going up.

“Right now the lithium industry is at 220,000 tonnes a year of demand, and there’s estimates that in 2025 that the demand will be anywhere from 500,000 to a million tonnes a year,” says Stevenson.

“It’s going to at least double in the next six years, and I don’t see enough lithium projects out there to meet that demand.”

To help fill the gap, Millennial Lithium has assembled 25,000 hectares of claims in the heart of South America’s famed “Lithium Triangle,” home to the world’s most prolific lithium mines. These expansive salt flats are found where Bolivia, Argentina and Chile meet, and boast the highest concentrations of lithium brines in the world. Grades in the lithium triangle average 500 per cent higher than in Nevada — little wonder the triangle is home to several world-class lithium mines, which are the most profitable in the industry.

“We’re at 4,000 metres in the Andes,” says Stevenson, who has been to the region many times. “It’s high alpine desert — it’s definitely interesting terrain.”

The company’s flagship project covers over 6,000 hectares of the Pastos Grandes Salar, 230km from the city of Salta at an elevation of 3,800 metres. Pastos Grandes is an advanced stage project that contains lithium brines ranging from 400 mg/l to 600 mg/l. Pastos Grandes also has some of the best infrastructure in the Lithium Triangle, with good road access, power, water and natural gas.

“We’re completing a resource estimate on it right now that should come out sometime in the fall, and shortly after that we’ll be doing a Preliminary Economic Assessment,” says Stevenson.

“We’re three years from production and that’s what we’re primarily focused on.”

Typically, lithium is found in salars, which are salt-encrusted depressions that are usually in the basin of an evaporated lake. To extract the lithium, brine contained within the salar is pumped up into solar evaporation ponds. It’s an environmentally friendly, largely solar-powered — and very inexpensive — process. The concept and technology is simple. Finding the right salar is not.

“Fortunately, we’ve hit lithium from surface right down to depth. We’re at about 550 metres, so the entire way we’ve had lithium values. It is getting higher grade as we go deeper, but on average we’re looking over 500 ppm lithium.”

Currently, Millennial Lithium has about 30 staff working in Argentina. Stevenson says when the Pastos Grandes mine is built, it will cost about $200–$250 million. That will go into the local economy for service providers, workers and construction contracts. So the people of the region will also enjoy the benefits of the lithium boom.

Argentina’s resurgence as a lithium supplier is due in large part to the election of President Mauricio Macri in December 2015. His government has greatly improved the legislative landscape for mining companies and created rapid growth in Argentina’s lithium industry.

“Macri has opened up the country to foreign investment. It’s open for business for companies developing mining projects, and you can see it in the local economies,” says Stevenson.

“With the influx of mining, the people are happy, so we’re hoping to continue on along those lines, because for so long in Argentina, it was difficult to do business there.”

Millennial Lithium has a strong technical team lead by Iain Scarr in Argentina. CEO Farhad Abasov (newly added) has over 15 years of experience founding and managing natural resource companies. Most recently he served as President and CEO of Allana Potash Corp., a potash development company that was sold to Israel Chemical Ltd. for $170M in 2015. He was also the Executive Chairman of Rodinia Lithium, a company developing lithium brine assets in Argentina.

Stevenson was raised in Terrace, B.C. and received his Bachelor of Commerce from the University of Victoria. In addition to extensive experience in the mining space, he has over 15 years experience financing public companies.

Soaring prices and soaring demand are key factors driving Millennial Lithium’s success. And another cause for optimism is the company’s position at the forefront of the mining/energy revolution that’s paving the way for a hi-tech, low-carbon future.

“We position ourselves as a tech company a lot of the time,” says Stevenson. “We provide the raw materials to make all your tech work: your cell phone, your laptop, all those other devices.”

That message resonates with investors.

“Once you start talking about electric cars, they get the concept and they can see where the demand is coming from, and they’re receptive,” says Stevenson.

The high demand and high price has a lot of investors looking at lithium. But Stevenson says investors should be cautious and do their research.

“There’s a lot of lithium companies out there that don’t have a lot of lithium,” he says.

“We’ve got real projects, real technical staff and a full operation in Argentina. We’re one of the real deals. There are a lot of deals out there that can’t say the same.”

So with their flagship project Pastos Grandes gearing up for production, and both the price and demand for lithium hitting record highs, it’s pretty easy to see why Stevenson is excited about the potential for his company to be one of the big winners in the White Gold Rush.

Source: http://www.bnn.ca/millennials-use-of-technology-is-driving-lithium-demand-1.813167

New Age Metals Commences 15,000 ft Drill Program at River Valley – Largest Underveloped PGM Project in Canada $PGM.ca

Posted by AGORACOM-JC at 9:53 AM on Tuesday, July 18th, 2017

New age large

  • Abitibi Geophysics has completed the surface IP geophysical program and borehole geophysics
  • Drilling will focus on follow-up drilling to further test the continuation of the Pine Zone
  • Further drilling will drill test the geophysical interpretation of Abitibi Geophysics
  • 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

Vancouver, Canada / July 18, 2017 – New Age Metals Inc. (TSX.V: NAM; OTCQB: PAWEF; FSE: P7J.F) is pleased to announce that the 2017 Drill Program has commenced on the Pine Zone at the River Valley PGM Project approximately 100km’s from Sudbury, Ontario. The Induced Polarization (IP) geophysical survey and borehole geophysics has been completed by Abitibi Geophysics and a final report will be generated. The Company will focus the exploration on drill testing the previous PGM mineralization in the Pine Zone and the recommendations from the geophysical interpretation report.

The Pine Zone is one of numerous prospective PGM zones (Figure 1) within the district-scale River Valley PGM Project and was 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.

The surface geophysical survey was designed to test the eastward and southward extension of the Pine Zone as well as the adjacent Dana North Zone (Figure 2). The extension of the IP survey is designed to test the depth potential of the Banshee Zone. The survey will aid in the generation of new targets for follow up drill testing. The diamond drill crew is currently onsite and will begin drilling to test the on strike and depth extensions of the Pine Zone as a continuation of the 2016 drilling (press release December 13, 2016).Approximately 15,000ft of drilling is planned in this program.

Abitibi Geophysics will generate a final report and interpretation of the IP Geophysical Survey. This report will recommend additional drill targets. These targets will be on the Pine and Banshee Zones. 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).


Click Image To View Full Size

Figure 1. Location of NAM’s 100% owned River Valley PGM Project.

This present exploration activity of drilling and geophysics is geared to establish the resource base for a Preliminary Economic Assessment (PEA) Report which the company plans to initialize in the near future.

 


Click Image To View Full Size

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.

To date an approximate 612 holes (136,574 metres) have been conducted by the company and its past joint venture partners to test the PGM mineralization extents of the River Valley Intrusion. As well, several 43-101 complaint resource estimates have been generated. The River Valley Deposit is the Largest Undeveloped Primary PGM resource in Canada, with 2.5M oz PGM, in Measured Plus Indicated mineral resources and near-surface mineralization covering over 16kms of continuous strike length.

The Company will continue to update investors as the drill results are received.

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 Northern Ontario (100 km east of Sudbury, Ontario). Presently the River Valley Project is Canada’s largest primary undeveloped PGM deposit with 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 geophysics currently completed and drilling to commence mid July 2017 as part of our ongoing continued exploration.

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

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.

New Age Metals Appoints Mr. Ron Hieber from Advisory to Director $NAM.ca

Posted by AGORACOM-JC at 9:42 AM on Tuesday, June 27th, 2017

New age large

  • Appointed Mr. Ron Hieber from the Advisory Board to the Board of Directors.

June 27th, 2017 / Vancouver, Canada – New Age Metals Inc. (TSX.V: NAM; OTCQB: PAWEF; FSE: P7J.F). The Company is pleased to appoint Mr. Ron Hieber from the Advisory Board to the Board of Directors.

The Chairman and CEO Harry Barr stated; “The Board of Directors and management are very privileged to have Ron Hieber join the Board of Directors from the Advisory Board. His reputation in the PGM and worldwide mining industry is surpassed by few. As you can see from his bio below, Ron is an excellent fit to the Board of Directors of NAM and we look forward to our ongoing relationship with Ron that has extended for over 17 years”.

Mr. Hieber is an Internationally Recognized Expert, in Platinum Group Metals, and was Head of Worldwide Exploration, for Anglo Platinum, the world’s largest Platinum producer. He is a geology graduate of Rhodes University, South Africa, with high school education having been completed in Zimbabwe, in 1968. He began his career with Anglo American Platinum, on the company’s Platinum mines in Rustenburg, followed by service on the mines in other Bushveld Complex areas, becoming Chief Geologist at Rustenburg in 1981.
In 1986, he was appointed to the corporate office as head of all Anglo Platinum’s mining geology and exploration functions, which remained part of his responsibilities until he retired from Anglo Platinum at 58, in 2009. During his service with Anglo, Ron was made a Divisional Director and the Group’s Survey, Ventilation, Rock Engineering and Strategic Planning functions were added to his Geological responsibilities. From the time of his appointment at Corporate, he contributed significantly to the accumulation, retention and management of Anglo Platinum’s mineral rights portfolio, on the Bushveld Complex and Great Dyke, whilst also directing worldwide PGM Exploration Programs for Anglo Platinum, in Australia, China, Canada, Russia and Brazil. This included heading-up the River Valley Option/Joint Venture for Anglo Platinum, from Discovery, in 2000, with Pacific North West Capital, now New Age Metals. At the time he retired, he was a Director of several Anglo Platinum subsidiaries, including Unki Platinum Ltd. (Zimbabwe) and Rustenburg Platinum Mines Ltd. From 2009, Ron worked as Executive Director: Business Development for Kameni Ltd., which had PGM interests, in the Eastern Bushveld and Zimbabwe. After selling its projects, Kameni closed and Mr. Hieber now runs his own company, with interests in South African and Zimbabwean Gold projects.

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 Northern Ontario (100 km east of Sudbury, Ontario). Presently the River Valley Project is Canada’s largest primary undeveloped PGM deposit with 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 geophysics currently completed and drilling to commence mid July 2017 as part of our ongoing continued exploration.

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.

On behalf of the Board of Directors

“Harry Barr”

Harry G. Barr

Chairman and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.

INTERVIEW: Harry Barr Discusses Canada’s Largest Primary PGM Deposit + Lithium Initiatives $NAM.ca

Posted by AGORACOM-JC at 12:45 PM on Friday, June 23rd, 2017

New Age Metals Appoints an Addition to the Advisory Board $NAM.ca

Posted by AGORACOM-JC at 9:49 AM on Tuesday, June 20th, 2017

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  • Pleased to add Ms. Susan J. Mitchell to the Strategic Advisory Board
  • Chairman and CEO Harry Barr stated; “The Board of Directors and management are fortunate to have Susan J. Mitchell join our Advisory Board. Susan is an internationally recognized investment banker with worldwide experience and knowledge of the mining industry. We look forward to utilizing Susan’s experience to help complete our corporate objectives “.

June 20th, 2017 / Vancouver, Canada – New Age Metals Inc. (TSX.V: NAM; OTCQB: PAWEF; FSE: P7J.F). The Company is pleased to add Ms. Susan J. Mitchell to the Strategic Advisory Board.

The Chairman and CEO Harry Barr stated; “The Board of Directors and management are fortunate to have Susan J. Mitchell join our Advisory Board. Susan is an internationally recognized investment banker with worldwide experience and knowledge of the mining industry. We look forward to utilizing Susan’s experience to help complete our corporate objectives “.

Susan Mitchell, BA, MIM and FINRA qualified Series 79 and 63, brings proven business acumen as an investment banker with a principal’s perspective as well as her structured approach to building businesses and relationships. She built these qualities as a senior investment banker in two global financial institutions, in treasury of a Fortune 400 mining company and at her own corporate finance advisory firm, S. Mitchell & Associates, LLC, over several decades. Her specialized expertise is in natural resource development globally, having customized project financings for developments in the Americas, Africa and Asia. Her international presence in the minerals, oil and gas and clean energy sectors includes financing, strategic partnerships, mergers & acquisitions and restructuring while working in locales as diverse as Argentina, Australia, Brazil, Canada, Chile, China, England, France, Tanzania and the US.

Ms. Mitchell’s innovative style and creative problem-solving approach enabled her to advance in the corporate world from Manager at CIBC in Toronto, to Director, Financial Risk Management at Cyprus Amax Minerals and then Managing Director at Westdeutsche Landesbank, Global Structured Finance in New York. She has always supplemented her corporate life with voluntary leadership roles at professional organizations such as Steering Committee of Professional Risk Managers International Association and Board Member, McGill Alumnae Association, New York. During this time, she also taught Enterprise Risk Management at New York University.

Born in Bronxville, New York, she earned her Undergraduate Degree in International Economics and Finance from McGill University and her Masters Degree at Thunderbird American Graduate School of International Management. She is a citizen of US, U.K. and Canada and is fluent in English and French, with a working knowledge of Italian and Spanish.

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 is Canada’s largest primary undeveloped PGM deposit with 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 geophysics currently completed and drilling to commence mid July 2017 as part of our ongoing continued exploration.

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.

On behalf of the Board of Directors

“Harry Barr”

Harry G. Barr

Chairman and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.

New Age Metals Completes IP Geophysical Survey on Pine Zone and Extended to the Banshee Zone at River Valley Project $NAM.ca

Posted by AGORACOM-JC at 9:30 AM on Monday, June 19th, 2017

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Abitibi Geophysics has completed a surface IP geophysical program on the Pine Zone.

  • IP survey extended to Banshee Zone.
  • Drilling is planned to commence in mid-July with a ~5000 metre 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.

Vancouver, Canada / June 19th, 2017 – New Age Metals Inc. (TSX.V: NAM; OTCQB: PAWEF; FSE: P7J.F) is pleased to announce that the Induced Polarization (IP) geophysical survey is now complete on the Pine Zone and extended to the Banshee Zone at the River Valley PGM Project in northwest Ontario.

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 IP geophysical survey tested 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. A complete interpretation of the IP geophysical results will be carried out by Abitibi Geophysics, which will include drill recommendations. Drilling is scheduled to begin mid-July of 2017 with a program of ~5000 metres.

Approximately 2 km of untested potential for the discovery of additional mineralization presently exists along the trend between the current drilled extent of the Pine Zone and the underexplored Pardo Zone to the northwest (Figure 2). The Banshee Zone is approximately 2 km to the southeast along the trend of the River Valley PGM Zone.

The Banshee was drilled with 25 holes in 2003 as well with accompanied surface exploration and geophysics. Surface work outlined a zone over 600 metres. Metallurgical work from SGS in 2012 defined the Banshee Zone to be an inferred resource (cut off a 0.8 g/t PdEq) of 3,320,000 tonnes with a contained metal content of 62,000 oz of PGM+Au and 103,000 oz of PdEq. The new IP survey will allow the company to geophysically explore the Banshee Zone to a greater depth than previous explored.

The geophysical survey being used is a high-resolution OreVision(R) IP survey performed by Abitibi Geophysics. OreVision IP can reveal targets at four times the depth of conventional IP without compromising near-surface resolution.


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Figure 1. Location of NAM’s 100% owned River Valley PGM Project.

The Pine Zone survey was 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 was 440m, which is 40m below the maximum predicted depth of the Pine Zone in this area.

In addition to the OreVision(R) IP survey, Abitibi Geophysics will also carry out a borehole survey on two drill holes from the 2016 drill program 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(R) survey dataset, thereby aiding generation of high priority targets for drill testing. Target generation will be followed by a drill program in the summer/fall of 2017.

 


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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.

 


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Figure 3. Design map grid for the OreVision(R) 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 delighted to have completed the survey over the Pine Zone as well as extending additional IP work over the Banshee Zone in such an efficient manner. This will allow the company to commence drilling on targets from both previous work and the new IP interpretation. We look forward to ongoing updates from the drilling program in the following months.”

In addition, New Age Metals Inc. announces that the Company has granted 3,500,000 incentive stock options to directors, officers and consultants of the Company at an exercise price of $0.14 per share, and are exercisable for a period of five years from the date of grant in accordance with the Company’s Stock Option Plan. The Stock Options granted will be subject to vesting restrictions and will vest quarterly over one (1) year from the date of grant. The options are subject to acceptance for filing by the TSX Venture Exchange.

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 is Canada’s largest primary undeveloped PGM deposit with 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 geophysics currently completed and drilling to commence mid July 2017 as part of our ongoing continued exploration.

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

FEATURE: (NAM: TSX-V) Among North America’s Leaders in PGM & Lithium Exploration $NAM.ca

Posted by AGORACOM-JC at 11:20 AM on Friday, June 16th, 2017

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(NAM:TSXV)

Two Divisions: PGM and Lithium

New Age Metals belongs to the International Metals Group. Here are our other great companies.

  • PGM Division: focus on Development of the 100% owned River Valley PGM Project. Canada’s Largest Undeveloped Primary PGM Resource, with 2.5 Moz PGM, in Measured plus Indicated mineral resources.
  • Lithium Canada: formed April 2016, with a focus on Exploration of Hard Rock Lithium, in Manitoba, Canada and Lithium Brine in Nevada. The company uses the Prospector Generator Model.

River Valley PGM Project

Largest Undeveloped Primary PGM Deposit in Canada

River Valley PGM Project is located 100 km east of Sudbury, Ontario

  • Sudbury hosts 1 of the Top 4 Nickel, Copper & PGM Mining & Processing Facilities , in the World
  • Skilled Workforce, Established Mining Culture; Safe, Stable Pro-Mining Jurisdiction
  • Excellent Road Access to River Valley Property; Rail and Power Nearby
  • $30M Invested in Exploration, Large High-Confidence Resource, Favourable Metallurgy

Mineral Resources – Project has had Five, 43-101 Reports

  • May 2012 Measured Resources: 26 Mt @ 1.4 g/t Palladium equivalent at cut-off grade ≥0.8 g/t Palladium equivalent for 0.7 Moz PGM plus Gold.
  • May 2012 Indicated Resources: 66 Mt @ 1.4 g/t Palladium equivalent at cut-off grade ≥0.8 g/t Palladium equivalent for 1.7 Moz PGM plus Gold.
  • May 2012 Measured + Indicated Resources: 91 Mt @ 1.4 g/t Palladium equivalent at cut-off grade ≥0.8 g/t Palladium equivalent for 2.4 Moz PGM plus Gold
  • May 2012 Inferred Resources: 36 Mt @ 1.1 g/t Palladium equivalent at cut-off grade of 0.8 g/t Palladium equivalent for 0.6 Moz PGM plus Gold
  • (see http://newagemetals.com/ for Details and Notes on the Resource Estimate)
  • Mineral Resources covered by Mining Leases (21-year Renewable Term)
  • Concentrate Grades: 16% Cu, 189 gpt PGM; Recoveries: 84% Cu, 69% PGM;
  • No Deleterious Metals or Minerals

NAM Announces Acquisition of the River Valley PGM Extension Project from Mustang MineralsCorp.

  • Strike Length of NAM’s River Valley Deposit Increased from 12 km to 16 km
  • Mustang’s surface grab samples returned Assays of up to 10 g/t PGM
  • Drilling Highlights Include:
  • 1.4 g/t PGM/9.0m in MR02-59 from 35m downhole
  • 4.0 g/t PGM/2.1m in MR02-62 from 153.7m downhole
  • 2.2 g/t PGM/4.5m in MR02-64 from 60.5m downhole
  • PGM mineralization is Open at Depth and footwall potential remains untested
  • T2-like Targets identified from Favourable Geological and Geophysical Surveys
  • Targets under evaluation for drill testing
  • The Tanco Mine was one of North America’s only
  • producers of Tantalum, Cesium and Lithium minerals (Spodumene), with the mine opening in 1969. Owned by the Cabot Corporation as of 1993
  • Presently the Tanco Mine produces Cesium Formate, a completion fluid for the petroleum industry.
  • At the end of 1992 (last published historic mineral inventory) was 1.075 Mt of 0.12% Ta2O5, 3.5 Mt of 2.7% LiO2 and 315,000 t of 23.3% Cs2O

Clayton Valley Forks Lithium Brine Project, Clayton Valley, Nevada
Silver Peak

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New Age Metals Delineates 3rd Lithium Project To Drill Stage On Its Lithman West Project In Southeast Manitoba $NAM.ca

Posted by AGORACOM-JC at 9:54 AM on Tuesday, May 16th, 2017

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  • Project situated in the Winnipeg River-Cat Lake Pegmatite Field, west of the world-class Tanco Pegmatite
  • Numerous Lithium-bearing minerals known to exist in the region
  • Compilation work of historic assessment work reveals numerous untested rock and soil geochemical anomalies on the Lithman West Project
  • New Age Metals is looking for JV partners for its Lithium division.

 

Vancouver, Canada / May 16, 2017 – New Age Metals (“NAM”, the “Company”) (TSX.V: NAM; Frankfurt: P7J.F; OTCQX: PAWEF) is pleased to provide an exploration update on the Lithman West Project in Southeast Manitoba. The project is held under NAM’s 100% owned subsidiary, Lithium Canada Development Inc.

While compiling the historic geological data for the project areas, several untested geochemical targets were identified. None of the historic work has been verified with a NI-43-101, and therefore is considered non-compliant. The mineral claims were previously held by the Tantalum Mining Corporation of Canada (Tanco), which carried out rock and soil geochemistry in 1977 and between 1999 and 2007. Soil and rock samples were collected at 25 metre intervals on grid-lines 100 metres apart. Most of the historic work focused on the northern portion of the Lithman West Project area, with soil geochemistry completed over most of the project area. Soil samples were analyzed using the Enzyme Leach technique at Activation Laboratory. The lithogeochemistry targets are identified based on enrichment of Lithium, Rubidium and Cesium in host rocks. When pegmatites are emplaced, metasomatic fluids enrich the host country rocks in Lithium, Rubidium and Cesium. The metasomatic enrichment of the host rocks in the case of Lithium can occur up to 100 metres away from the pegmatites, whereas Rubidium and Cesium have smaller metasomatic aureoles. Using the three elements (Li+Rb+Cs) in conjunction and statistically determining background based on rock type, the identification of anomalous and highly anomalous rock types can be used to generate the lithogeochemical targets. This was Tanco’s procedure with regards to lithogeochemistry and all their historical exploration data are available in assessment files at the Manitoba Mines Branch.

All lithogeochemical anomalies (see Figure 1) appear to be oriented East-West, which is the general orientation of other lithium-bearing pegmatites in the Winnipeg River-Cat Lake

Pegmatite Field. Six Li+Rb+Cs lithogeochemical anomalies are recognized from compilation of historical assessment files on the Lithman West Project. Lithogeochemistry has only been carried out on the northern portion of the project area by previous explorers. Four of the lithogeochemical anomaly targets have been defined to be approximately 150 metres to 200 metres long and 25 metres to 50 metres wide. These targets appear not to have been drill tested. The two largest of the lithogeochemical anomalies is the Krista’s Pond Anomaly and Bernes Bay Anomaly (Figure 2). The Krista’s Pond Anomaly is tear-drop shaped and approximately 1200 metres long and 150 metres maximum width. This anomaly has not been drill tested, even though it appears to be a moderate to strong lithogeochemical target. The Bernes Bay anomaly on the project area is approximately 1000 metres long by 1500 metres wide. Previous work indicates that this anomaly extends eastward to the westernmost bay of Bernic Lake. This anomaly was considered to be a high priority target in 1977 and was tested with three shallow drill holes.


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Figure 1: Historic Rock (Li+Rb+Cs) Geochemical Anomalies – Lithman West Project

Seven soil Enzyme Leach anomalies have been defined from compilation of past Tanco exploration work (Figure 2). These anomalies are varying shapes and sizes. Areas where the soil and rock geochemistry overlap or nearly overlap are considered to be the highest priorities for follow-up drilling.


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Figure 2: Historic Soil (Enzyme Leach) Geochemical Anomalies – Lithman West Project

It is recommended that a diamond drill program be carried out in order to drill test the soil and rock geochemical anomalies (Figures 1 and 2). These are drill ready targets based on the historic geological exploration. In addition, it is recommended that follow-up geological work be carried out over the anomalies and that rock lithogeochemistry be completed on the southern portion of the project area.

The Company has five Lithium Pegmatite projects in the Winnipeg River-Cat Lake Pegmatite Field of Southeast Manitoba. This pegmatite field (Figure 3) is host to the world-class Tanco Pegmatite, a highly fractionated Lithium-Cesium-Tantalum (LCT)-type pegmatite, which has been mined at the Tanco Mine for Lithium-bearing minerals (Spodumene), Tantalum, Beryllium, Rubidium and Cesium since 1969. There are no current NI43-101 compliant reports, but academic reports suggest that the Tanco Pegmatite prior to the start of mining was approximately 1520 metres long, 1060 metres wide, and up to ~100 metres thick with a volume of ~21,850,000 m3 and a mass of ~57,430,000 tonnes.Numerous other lithium-bearing pegmatites exist within the pegmatite field.

 


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Figure 3: Approximate Outline of the Winnipeg River-Cat Lake Pegmatite Field

(Lithium Canada claim locations in green and the Tanco Mine Leases in red)

The Company has two other drill ready targets for lithium-bearing pegmatites in the Pegmatite Field (News Release Feb 22nd, 2017). To date, the Company has approximately 6,318 hectares (15,612 acres) of mineral claims, with Lithium Mineral Potential in the Winnipeg River-Cat Lake Pegmatite Field of southeast Manitoba. NAM is the largest mineral claim holder in the Pegmatite Field. As part of Company’s Prospector Generator Model, negotiations are currently ongoing with interested 3rd parties for possible Option/Joint Ventures and other Exploration Initiatives.

ABOUT NAM’S PGM DIVISION

NAM’s flagship project is its 100% owned River Valley PGM Project (PFN 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 is undergoing continued exploration.

QUALIFIED PERSON

The contents contained herein that relates to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Dr. Bill Stone, Principal Consulting Geoscientist for New Age Metals Inc. Dr. Stone is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content.

On behalf of the Board of Directors

“Harry Barr”

Harry G. Barr

Chairman and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.