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REPORT: New Age Metals Inc. $NAM.ca $PAWEF – Updating Resource Estimate at Canada’s Largest Undeveloped #PGM Deposit #Platinum #Palladium $WG.ca $XTM.ca $WM.ca

Posted by AGORACOM-JC at 8:12 AM on Friday, January 19th, 2018

(TSXV: NAM / OTCQB: PAWEF / FSE: P7J)

  • 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, with a total metal grade of 1.28 g/t at a cut-off grade of 0.8 g/t PdEq for 2,463,000 ounces PGM plus Gold.
  • Equates to 3,942,910 PdEq ounces.
  • Northern portion of the project (Dana North), not including the new high-grade Pine Zone, there is 24 million tonnes @ 1.58 PdEq.
  • River Valley PGM-Copper-Nickel Sulphide mineralized zones remains open to expansion
  • The company has recently completed a drill program on the Pine and T3 Zone

 

Click image below to read entire report.

 

2018 Ground Geophysics Update at the River Valley Platinum Group Metals #PGM #Palladium Project, Sudbury Mining District, Ontario $N.ca $WG.ca $XTM.ca $WM.ca

Posted by AGORACOM-JC at 6:59 PM on Wednesday, January 10th, 2018

New age large

  • Line cutting is near completion in the footwall region of the River Valley Deposit
  • Ground IP geophysics on new footwall discovery will commence January 20th to test the footwall regions of the T4 to T9 anomalies
  • Footwall PGM mineralization is a new and additional source of PGMs at the River Valley project and it will be included in the new resource model.
  • Updated NI 43-101 resource calculations with WSP Canada have commenced and will include all the new data on the deposit and the recently acquired southern extension.
  • The new resource calculation is expected to be completed in Q1-2018
  • Mineralogical testing is ongoing
  • River Valley is the Largest Undeveloped Primary PGM resource in Canada, with 3.9Moz PdEq in Measured Plus Indicated including an additional 1.2Moz PdEq in Inferred and has excellent infrastructure within 100 kilometers to the Sudbury Metallurgical complex.
  • The Price of Pallidum the prominent metal at River Valley is trading at $1,078USD (Jan 10, 2018) near its all-time high based on limited supply and increasing demand.

Vancouver, Canada / January 10, 2018 – New Age Metals Inc. (TSX.V: NAM; OTCQB: PAWEF; FSE: P7J.F) is pleased to provide an update of exploration activity at the company’s River Valley PGM Deposit in Ontario. Field exploration presently is concentrated on the upcoming ground IP geophysical survey. WSP Canada is currently working on the upgraded 43-101 compliant resource calculation and mineralogical test of the different PGM grades is ongoing.

The geophysical survey will be a high-resolution OreVision(R) 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 goal of the geophysical survey is to test the footwall portion to the main River Valley PGM Deposit, southward of the Pine Zone IP survey (News Release: Jun 19th, 2017) and to cover the area between target anomalies T4 to T9 (Figure 1). This area represents a survey strike length of approximately 2000 metres. The linecutting and grid is near completion and the IP crews are scheduled to mobilize on site for January 20th.

Upon completion of the geophysics, the company will outline a series of drill programs to test the geophysical anomalies generated from the survey. The goal is to examine the potential for continuous PGM mineralization into the footwall area of the main River Valley PGM Deposit.

WSP Canada (News Release: Sept 7th, 2017) is progressing through the new resource calculation for the River Valley PGM Deposit under the supervision of Todd McCracken, Manager-Mining at WSP Canada. The new resource model and calculation will incorporate all the past data, geophysics, new drilling since 2012 and the River Valley Extensions (previous Mustang Minerals ground).


Click Image To View Full Size

Figure 1: Drill Hole Distribution Map in the Northern Portion of the River Valley PGM Deposit Showing Regions of Upcoming IP Geophysics.

(Image only represents approximately 3.5 km of the overall strike length of the deposit)

In 2016, the company obtained the Mustang Minerals’ southern portion of the River Valley PGM Deposit (River Valley Extension, News Release – Oct 5th, 2016). This added 4 kilometres of mineralized strike length to the company’s River Valley PGM Deposit.

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, with a total metal grade of 1.28 g/t at a cut-off grade of 0.8 g/t PdEq for 2,463,000 ounces PGM plus Gold. This equates to 3,942,910 PdEq ounces. In the Northern portion of the project (Dana North), not including the new high-grade Pine Zone, there is 24 million tonnes @ 1.58 PdEq. The River Valley PGM-Copper-Nickel Sulphide mineralized zones remains open to expansion. The company has recently completed a drill program on the Pine and T3 Zones.

ABOUT NAM’S LITHIUM DIVISION

The Company has five pegmatite hosted Lithium Projects in the Winnipeg River Pegmatite Field, located in SE Manitoba. Three of the projects are drill ready

Recently NAM announced (News Release: Dec 12th, 2017) a signed Letter of Intent with Azincourt Energy Corp for the Manitoba Lithium Projects.. 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, under its subsidiary Lithium Canada Developments, is one of the largest mineral claim holders in the Winnipeg River Pegmatite Field and is seeking JV partners to further develop the company’s Lithium 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.

#Palladium ETF Continues Its Blistering Pace #PGM $NAM.ca $WG.ca $XTM.ca $WM.ca

Posted by AGORACOM-JC at 3:49 PM on Monday, January 8th, 2018

  • Among the largest contributors of industrial demand, robust global auto sales fueled greater demand for the precious metals as part of catalytic converters to diminish harmful gas emissions
  • About 40% and 75% of annual demand for platinum and palladium, respectively, apply to autocatalysts in combustion engines

The ETFS Physical Palladium Shares (NYSEArca: PALL) gained nearly 3% last week, extending a run that saw the lone palladium-backed exchange traded fund surge more than 57% in 2017.

Among the largest contributors of industrial demand, robust global auto sales fueled greater demand for the precious metals as part of catalytic converters to diminish harmful gas emissions. About 40% and 75% of annual demand for platinum and palladium, respectively, apply to autocatalysts in combustion engines.

“The spot price for the precious metal only needs to climb by another 1.6 percent in London trading to push past an all-time high that’s stood for 17 years. At the current pace of gains, that could happen within days,” reports Bloomberg. “New York futures for the metal, used to cut car exhaust fumes, already touched the highest for a most-active contract in records going back to 1986.”

Other critics also contend that the popularity of ride sharing platforms indicate a peak in auto demand, which may reflect the weak U.S. auto sales among the Millennial demographic favoring a sharing based economy. This trend may actually spur higher total miles driven and reduce average vehicle lives. The shifting demand to higher total miles driven could potentially reshape the cyclical nature of the industry.

Still, palladium is expected to be in a supply deficit this year, which bodes well for prices.

Source: https://www.etftrends.com/palladium-etf-continues-its-blistering-pace/

#Palladium Nears Record as Shortage Starts to Squeeze Carmakers $NAM.ca $WG.ca $XTM.ca $WM.ca

Posted by AGORACOM-JC at 2:36 PM on Friday, January 5th, 2018
A palladium ingot.Photographer: Andrey Rudakov/Bloomberg
By Eddie Van Der Walt

Palladium is within touching distance of a record high amid a looming shortage of the metal used to curb harmful emissions from gasoline-fueled vehicles.

Metal for immediate delivery nudged 0.3 percent lower to $1,096.45 an ounce, just shy of its all-time best of $1,125 in 2001. Metal for March delivery was 0.4 percent lower at $1,090.15 on the New York Mercantile Exchange, still close to the record for the contract hit this week.

“Prices have continued to rally, building on last year’s gains, with investors anticipating that 2018 will be another great year,” said Georgette Boele, a currency strategist at ABN Amro Bank NV. “But I’m not that optimistic. For a while already that optimism has been built too much on the recycling of already known positive news.”

The metal surged 56 percent last year, among the top-performing commodities, as investors grappled with the possibility of a shortage as demand from the car industry grows, especially in China. The metal is forecast to be in a deficit of about 835,000 ounces this year, according to Citigroup Inc.

The bank expects autocatalyst consumption to continue to rise, breaching 8 million ounces this year, although to some degree offset by sizeable increases in autocatalyst scrap, according to a report last month.

In other precious metals, gold investors will be eyeing U.S. employment data for December due Friday for signs of continued momentum in the world’s largest economy. The report is expected to show that nonfarm payrolls rose 190,000 last month, according to a Bloomberg survey.

Spot gold fell 0.4 percent to $1,317.33 an ounce, after rising to $1,326.07 on Thursday, the highest level since Sept. 15. The metal is up for a fourth straight week, the longest stretch since June.

— With assistance by Ranjeetha Pakiam

Source: https://www.bloomberg.com/news/articles/2018-01-05/palladium-builds-on-last-year-s-stellar-gains-to-head-for-record

$NAM.ca New Age Metals Signs Letter of Intent to Option Five Lithium Projects in Southeast Manitoba to Azincourt Energy $WG $XTM.ca $WM.ca

Posted by AGORACOM-JC at 9:10 AM on Tuesday, December 12th, 2017

New age large

  • Signed a non-binding Letter of Intent (“LOI”) with Azincourt Energy Corp  (TSX-V: AAZ)
  • Azincourt to acquire up to a 60% interest with the potential to 100%, in Lithium Canada Development (LCD)

New Age Metals Inc. (TSX.V: NAM; OTCQB: PAWEF; FSE: P7J.F) is pleased to announce that it has signed a non-binding Letter of Intent (“LOI”) with Azincourt Energy Corp (“Azincourt”) (TSX-V: AAZ). The LOI allows for Azincourt (NR – Dec 11th, 2017) to acquire up to a 60% interest with the potential to 100%, in Lithium Canada Development (LCD) and/or its equal interest in the individual projects. New Age Metals retains the option of entering into a joint-venture agreement with Azincourt for the remaining 40%.

“We are pleased to partner with Azincourt Energy on our Lithium properties. This agreement accomplishes another milestone in 2017 for New Age Metals, which was to find a joint-venture partner for our Lithium Division. When completed, this option joint venture allows management to focus on the continued development of our 100% owned River Valley Project, which is Canada’s largest undeveloped primary PGM Deposit” Harry Barr, Chairman/CEO.

Terms of the LOI/Agreement

Under the terms of the LOI, Azincourt has paid NAM $10,000 and further agrees to pay $200,000 to New Age Metals (NAM) in exchange for a 60% ownership stake of NAMs 100% owned subsidiary Lithium Canada Developments (LCD). This payment of $200,000 will be made by Azincourt in four equal payments over the next 18 months. In addition to this cash payment Azincourt will issue up to 1,000,000 shares to NAM, staged in four equal installments, by the third anniversary of the signing of the definitive agreement. Azincourt has further committed to work expenditures totaling $2.85 million over 3 years, broken down as follows: $500,000 year one, $600,000 year two, $1million year three plus an additional $750,000 to reach the 60% threshold.Upon completion of all stock, property expenditures and cash payments AAZ will also issue a 2% net smelter royalty on all five of the projects to NAM.

Under terms of the non-binding LOI the Company must complete its due diligence and enter into a definitive agreement no later than January 15, 2018.

To earn 100%, Azincourt must meet additional requirements. Within 90 days of Azincourt earning its 60% in LCD or the projects, NAM has to the option to enter into a joint venture on a 60% AAZ/40% NAM basis using a standard Canadian Junior Mining joint venture agreement.

In the event NAM does not elect to enter into the above-mentioned option, then Azincourt must issue an additional 1,000,000 shares to NAM within 15 days of NAM electing not to participate in the Joint Venture. Azincourt must also expend an additional $1 million dollars by Oct 30, 2022 (for a total of $3.85 million), on any of the projects it elects to so long as all projects are in good standing. In the event the Company does not make the $1 million expenditure AAZ percentage will remain at 60%.

All securities issued in connection with the property option will be subject to a four-month-and one-day statutory hold period. The property option remains subject to a number of conditions, including negotiation of definitive agreements, approval of the TSX Venture Exchange, and such other conditions as are customary in transactions of this nature.

The agreement covers the Lithium One, Lithium Two, Lithman West, Lithman East and Lithman North projects. The land package included in this agreement represents the largest mineral claim holding for Lithium Projects in the Winnipeg River Pegmatite Field with over 6000 hectares of ground. This represents approximately 64 square kilometres of mineral claim coverage.


Click Image To View Full Size

Figure 1: Projects Location Map

The Winnipeg River Pegmatite Field is host to numerous Lithium-rich Pegmatites in addition to the world-class Tanco Pegmatite, a highly fractionated lithium-cesium-tantalum (LCT) type pegmatite that has been mined at the Tanco Mine as an underground operation since 1969 for Tantalum, Spodumene (a lithium mineral) and cesium (Cs).

Three of the five projects are drill ready:

Lithium Two Project

-Field work in 2016 confirmed that the Eagle and FD5 Pegmatites contained spodumene at surface

-Highest grade surface samples from the Eagle Pegmatite returned 3.04% Li2O and 2.08% Li2O from the FD5

-The Eagle Pegmatite is ~1100 meters in length and up to 12 meters wide

-Historic drilling from 1947 defined 545,000 tonnes of 1.4% Li2O, drilled to a depth of 60 meters (non-compliant 43-101)

-Pegmatite is open to depth

-Adjacent to Quantum Minerals Corp (TSX.V: QMC) Cat Lake Lithium Project (aka Irgon Lithium Mine)

-Several drill ready targets

Lithium One Project

-Field work in 2016 sampled several historical Pegmatites

-Highest grade surface assay results were 4.33% Li2O and 0.04% Ta2O5 from the Silverleaf Pegmatite

-Several of the other Pegmatites in the project area yielded Lithium values from Lepidolite and Spodumene

-Approximately 40 Pegmatites are estimated to exist north of Greer Lake with around 100 to the south of the lake

-The Silverleaf Pegmatite was excavated for Spodumene in the 1920’s, with surface exposure of 80 m X 45 m

-Several drill ready targets

Lithman West Project

-Historical rock and soil geochemical anomalies

-Anomalies have not been drill tested

-Drill ready

The Lithman West and East projects are adjacent to the Tanco Mine Mineral Leases.

The additional projects contained in this agreement, Lithman East (adjacent to Tanco) and Lithman North, represent prospective exploration areas that require additional ground work to determine drill targets.

About Azincourt Energy Corp

Azincourt Energy Corp. is a Canadian-based resource company specializing in the strategic acquisition, exploration and development of alternative energy/fuel projects, focusing on uranium, lithium, cobalt, and other critical energy & fuel elements.

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 undeveloped primary 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 PdEq for 2,463,000 ounces PGM plus Gold.This equates to 3,942,910 PdEq ounces. The River Valley PGM-Copper-Nickel Sulphide mineralized zones remains open to expansion. The company has recently completed a drill program on the Pine and T3 Zones.

In 2016, the Company acquired the River Valley extension property from Mustang Minerals which added approximately 4 kilometres 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. Three of the projects are drill ready. 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 one of the largest mineral claim holders of Lithium Projects 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.

 

#PGM Mineralization Continues to be Encountered in Drilling at the at the River Valley #Platinum Group Metals Project $NAM.ca

Posted by AGORACOM-JC at 10:36 AM on Wednesday, November 8th, 2017

New age large

  • Drilling continues to encounter PGM mineralization in the Pine Zone of the River Valley PGM Deposit
  • Borehole PL-17-08 intersects 14m of 2.01.g/t Pd+Pt+Au, including 4m at 2.98 g/t Pd+Pt+Au,
  • Drilling into the footwall to the east of the deposit will add to the resource calculation
  • Footwall PGM mineralization is a new and additional source of PGM mineralization to the resource model
  • Updated NI 43-101 resource calculation to commence upon the announcement of final assays.
  • River Valley is the Largest Undeveloped Primary PGM resource in Canada, with 3.9Moz PdEq in Measured Plus Indicated including an additional 1.2Moz PdEq in Inferred

Vancouver, Canada / November 8, 2017 – New Age Metals Inc. (TSX.V: NAM; OTCQB: PAWEF; FSE: P7J.F) is pleased to announce the third and final batch of drill hole results from the 2017 drilling campaign. Drilling was focused on the T3 Zone and Pine Zone as a follow up of the 2015 and 2016 drilling and IP geophysical work at the River Valley PGM Deposit.

Trevor Richardson, President/COO states “The purpose of the 2017 summer/fall exploration program was to focus on the footwall mineralization. The main River Valley PGM Deposit is a contact-style mineralization and this is where the bulk of the resource has previously been identified. The PGM mineralization found in the footwall is newly discovered mineralization and will add to the overall amount of PGM mineralization. This additional mineralization will be reflected in the new resource calculation/updated 43-101 for the River Valley PGM Deposit”.

Pine Zone Footwall Discovery Continues to Provide Positive Results

Present drilling into the footwall of the Dana North Zone area of the River Valley PGM Deposit has defined continuous PGM mineralization. To date PGM mineralization has been extended approximately 140 m eastward of the present known PGM mineralization. Past resource calculations of the Dana North Zone have been determined to be 24 million tonnes at 1.5 g/t PdEq. The recent footwall drilling will add to the resource calculation. Hole PZ-17-08 (figure 2) that is being reported in this release was drilled approximately 40 m to the east of the contact mineralization. It yielded 14 metres of 2.01 g/t Pd+Pt+Au and included 4 metres of 2.09 Pd+Pt+Au.

Review of the present drilling and past work is ongoing and will be used to generate a program of additional drilling for the T3 and Pine Zone in 2018. The new exploration model of footwall mineralization has yet to be tested further south of T3, between T3 and T9 (figure 1), and these targets equate to a small portion of the overall 16km of strike length of the main zone. These areas of potential PGM mineralization will be the focus of ongoing and future exploration of the deposit area.

Pine Zone

The Pine Zone was the first of numerous newly discovered PGM zones within the district-scale River Valley PGM Project. The Pine Zone is located east of the main River Valley Deposit in an area previously not known for mineralization. The 2016 drill program (figure 2) confirmed the higher-grade, near-surface PGM discovery made in the 2015 drill program (figure 2) and highlighted the continuity of the PGM mineralization into the footwall. The Pine Zone remains open along strike and at depth.


Click Image To View Full Size

Figure 1: Drill Hole Distribution Map

Drill results (Table 1) have confirmed continued PGM mineralization in the Pine Zone (footwall) of the main River Valley PGM Deposit. The area from the Pine Zone to T3 equates to approximately ~1000mofstrike length of new mineralization.

 


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Table 1: Drill Results from the Pine Zone

(3E = Au+Pt+Pd, N.S.A. = no significant assays)


Click Image To View Full Size

Figure 2: T3 Zone and Pine Zone Drill Map

A total of 15 holes were drilled as part of this drill campaign for a total of 4085m (13,402ft) of drilling. Further re-interpretation of the geology, geophysics, structure and PGM mineralization on the project are ongoing with the company’s geological and geophysical consultants. Drill widths are considered not true width due to the exploratory nature of the drill campaign.

Assay Procedures and QAQC

The drilling was undertaken by Jacob & Samuel Drilling Ltd. of Sudbury, Ontario under the supervision of a NAM geologist. The drill core samples were sent to the SGS Canada Inc. Laboratory in Lakefield, Ontario for sample preparation and assay analyses. The preparation involved crushing of 3kg of each sample to 90% passing 2mm, and then pulverizing 0.5kg to 85% passing 75um. Palladium, Platinum and Gold were assayed by fire assay with ICP-AES finish (GE-FAI313). Copper, Nickel and 32 additional metals were assayed by two acid digestion and ICP-OES finish (GE-ICP14B). Blanks and blind certified standard samples were submitted at regular intervals for assay with the core samples as part of NAM’s quality control program.

Future Activity

WSP Canada (News Release: Sept 7th, 2017) will be conducting the updated resource calculation and model for the River Valley PGM Deposit. This will incorporate the new findings and interpretations. The company plans to initialize a Preliminary Economic Assessment (PEA) Report in the future with WSP Canada. In-house recommendations will be compiled to delineate future work upon completion of the 2017 field program with future work on Pine Zone, T3, and new un-explored footwall targets.

Several 43-101 compliant resource estimates have previously been generated for the deposit through the development phases. The River Valley Deposit present resource, with approximately 3.9 PdEq ounces in Measured Plus Indicated mineral resources and near-surface mineralization covers over 16km of continuous strike length.

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 PdEq for 2,463,000 ounces PGM plus Gold. This equates to 3,942,910 PdEq ounces. The River Valley PGM-Copper-Nickel Sulphide mineralized zones remains open to expansion. The company has recently completed a drill program on the Pine and T3 Zones.

In 2016, the Company acquired the River Valley extension property from Mustang Minerals which added approximately 4 kilometres 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. Three of the projects are drill ready. 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.

T3 Becomes 2nd New Footwall #Discovery and Drilling Continues to Intersect #PGM from the Pine Zone at the River Valley Platinum Group Metals Project $NAM.ca #Platinum #Palladium

Posted by AGORACOM-JC at 9:36 AM on Tuesday, October 31st, 2017

New age large

  • Drilling continues to encounter PGM mineralization in the Pine Zone of the River Valley PGM Deposit
  • Borehole PL-17-06 intersects 22m of 1.51.g/t Pd+Pt+Au, including 10m at 2.58 g/t, and 3m of 3.95 g/t.
  • T3 becomes 2nd footwall discovery with T4 to T9 earmarked for future footwall exploration (Figure 2)
  • Updated NI 43-101 to commence upon the announcement of final assays
  • River Valley is the Largest Undeveloped Primary PGM resource in Canada, with 3.9Moz PdEq in Measured Plus Indicated including an additional 1.2Moz PdEq in Inferred.

October 31st, 2017 Vancouver, Canada – New Age Metals Inc. (TSX.V: NAM; OTCQB: PAWEF; FSE: P7J.F) is pleased to announce the second batch of drill hole results from the 2017 drilling campaign. Drilling was focused on the T3 Zone and Pine Zone as a follow up of the 2015 and 2016 drilling at the River Valley PGM Deposit. The drill program is now complete and the company is waiting for the last batch of assays.

Harry Barry, Chairman/CEO states. “The purpose of the 2017 summer/fall exploration program was to focus on the footwall mineralization and recent IP geophysical targets from the Pine Zone to T3 (figure 1). The footwall mineralization is a new model as opposed to the historical contact mineralization model where the bulk of the resource had been identified, giving us further confidence that the project can be developed into an open pit mining operation”.

T3 Target Becomes 2nd Footwall Discovery

To date, 4 holes have been drilled in the T3 area which is approximately 1000m South from the top of the Pine Zone discovery. All 4 holes in the T3 area hit significant mineralization with borehole T3-17-04 (News Release September 20th, 2017) resulted in 28m of 2.45 g/t Pd+Pt+Au at 4m below surface, including 3m of 7.12 g/t. Within the same hole, mineralization was also intersected at 24m below surface with an additional 6m of 4.06 g/t Pd+Pt+Au, and at 37m below surface with another zone of 4m at 3.30 g/t.

Upon completion of this program, further holes will be delineated for additional drilling on the T3 discovery as the results are reviewed. The new exploration model of footwall mineralization has yet to be tested further south of T3, between T3 and T9 (figure 1), and these targets equate to a small portion of the 16km of strike length of the main zone. Drilling of the T3 continues to show PGM (Pd+Pt+Au) mineralization in the footwall of the main River Valley PGM Deposit and therefore increasing the amount of known PGM mineralization in this new area.

Pine Zone

The Pine Zone was the first of numerous newly discovered PGM zones within the district-scale River Valley PGM Project. The Pine Zone is located east of the main River Valley Deposit in an area previously not known for mineralization. The 2016 drill program (figure 2) confirmed the higher-grade, near-surface PGM discovery made in the 2015 drill program (figure 2) and highlighted the continuity of the PGM mineralization into the footwall. The Pine Zone remains open along strike and at depth.

Figure 1: Drill Hole Distribution Map

 


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Table 1: Drill Results from Banshee and Pine Zone

(3E = Au+Pt+Pd, N.S.A. = no significant assays)


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Figure 2: T3 Zone and Pine Zone Drill Map


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Assay Procedures and QAQC

The drilling was undertaken by Jacob & Samuel Drilling Ltd. of Sudbury, Ontario under the supervision of a NAM geologist. The drill core samples were sent to the SGS Canada Inc. Laboratory in Lakefield, Ontario for sample preparation and assay analyses. The preparation involved crushing of 3kg of each sample to 90% passing 2mm, and then pulverizing 0.5kg to 85% passing 75um. Palladium, Platinum and Gold were assayed by fire assay with ICP-AES finish (GE-FAI313). Copper, Nickel and 32 additional metals were assayed by two acid digestion and ICP-OES finish (GE-ICP14B). Blanks and blind certified standard samples were submitted at regular intervals for assay with the core samples as part of NAM’s quality control program.

Future Activity

WSP Canada (News Release: Sept 7th, 2017) will be conducting the updated resource calculation and model for the River Valley PGM Deposit. This will incorporate the new findings and interpretations. The company plans to initialize a Preliminary Economic Assessment (PEA) Report in the future with WSP Canada. In-house recommendations will be compiled to delineate future work upon completion of the 2017 field program with future work on Pine Zone, T3, and new un-explored footwall targets.

To date an approximate 140,659m (461,480ft) in 628 holes have been conducted by the company and its past major joint venture partners to test the PGM mineralization of the River Valley PGM Deposit. Several 43-101 compliant resource estimates have previously been generated for the deposit through the development phases. The River Valley Deposit present resource, with approximately 3.9 PdEq ounces in Measured Plus Indicated mineral resources and near-surface mineralization covers over 16km 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 PdEq for 2,463,000 ounces PGM plus Gold. This equates to 3,942,910 PdEq ounces. The River Valley PGM-Copper-Nickel Sulphide mineralized zones remains open to expansion. The company has recently completed a drill program on the Pine and T3 Zones.

In 2016, the Company acquired the River Valley extension property from Mustang Minerals which added approximately 4 kilometres 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. Three of the projects are drill ready. 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.

INTERVIEW: New Age Metals $NAM.ca Discusses Canada’s Largest Primary Undeveloped #PGM Deposit #Platnium #Palladium

Posted by AGORACOM-JC at 8:43 AM on Monday, October 30th, 2017

#Palladium Price Hits 16-Year High #PGM $NAM.ca

Posted by AGORACOM-JC at 2:47 PM on Tuesday, October 17th, 2017
October 17, 2017  by SchiffGold

A UBS strategist told CNN she’s convinced palladium’s strength is driven by fundamentals.

Like silver, palladium has both industrial and investment value. It is used in cars, electronics, dentistry, and jewelry. Between 1988 and 2002, the Canadian mint produced a palladium Maple Leaf coin.

Commerzbank analysts talked up palladium in a note to its clients.

Palladium is continuing to soar. Not only does demand from the automotive industry appear robust — speculative financial investors are also remaining loyal to palladium.”

Analysts say the surge in the price of palladium is due to strong demand for the metal, coupled with tight supply. About 78% of the demand comes from the auto industry. The metal is used in catalytic converters for gasoline-powered engines. The drive to curb auto emissions and the “demise of the diesel engine” in passenger cars has boosted demand for the metal.

According to analysts at City Index, tight supply is the primary factor driving the price of palladium.

Palladium supply is at its lowest level for 14 years and demand has been outpacing supply since 2011.  There is a strong potential for an ongoing supply deficit in the coming months, which could trigger a further price rise.”

Joni Teves, an analyst at UBS, told the Telegraph there is a currently a major shortfall in palladium production. The market could hit a deficit of 830,000 ounces this year, as miners have cut back production due to unproductive mines and increasing mining costs.

Russia and South Africa lead the world in palladium production.

The palladium market’s downside stems from its heavy reliance on the auto industry. Some analysts say the eventual rise of electric vehicles will impact the demand for metals used in catalytic converters. But electronic car technology still appears a long way from mass consumer acceptance. Their lack of range, the need for frequent charging, and their cost makes electric vehicles less than ideal for the average person.

The palladium market is much more volatile than gold and silver, but it could serve as an excellent diversifier for your precious metals portfolio. Call 1-888-GOLD-160 to talk to one of SchiffGold’s precious metals specialists today to learn more about investing in palladium.

Source: https://schiffgold.com/key-gold-news/palladium-price-hits-16-year-high/

#Palladium tops $1,000 for first time since 2001 on auto demand #PGM $NAM.ca

Posted by AGORACOM-JC at 4:48 PM on Monday, October 16th, 2017
  • Palladium climbed above $1,000 an ounce for the first time since 2001 on hopes for rising demand from the car industry amid a shortage of supply
  • Prices for the metal, which is used in catalytic converters to curb pollution from mainly gasoline-powered vehicles, jumped as much as 1.9% to $1,010.22 on Monday in the spot market, before trading at $1,006.61 at 9:24am in New York

Singapore/London: Palladium climbed above $1,000 an ounce for the first time since 2001 on hopes for rising demand from the car industry amid a shortage of supply.

Prices for the metal, which is used in catalytic converters to curb pollution from mainly gasoline-powered vehicles, jumped as much as 1.9% to $1,010.22 on Monday in the spot market, before trading at $1,006.61 at 9:24am in New York. Gold for immediate delivery held near a three-week high.

Palladium is one of this year’s best-performing commodities, advancing 48%, more than three times the increase in gold and about 10 times the gain in its sister metal platinum.

“Palladium continues to be driven by the positive momentum created by expectations of a supply deficit amid rising demand,” Ole Hansen, head of commodity strategy at Saxo Bank A/S, said by email. Industrial metals have risen this year as the world economy recovers, and copper burst through $7,000 a metric ton on Monday for the first time since 2014.

Palladium became more expensive than platinum last month for the first time in 16 years. Prices for platinum, used in autocatalysts for diesel engines, have been hit as some European carmakers admitted to cheating emissions tests for such vehicles, curbing consumer demand.

Platinum declined 0.1% to $944.60 an ounce Monday.

Things could get worse. Europe’s diesel-engine market share may fall by half by 2025, potentially removing 300,000 to 600,000 ounces of platinum demand in the next decade, according to Citigroup Inc. The bank sees global surpluses in platinum stretching out to 2020, while the shortfall in palladium is set to widen to more than a million ounces next year before narrowing to 750,000 ounces by 2020.

“Despite the PGM spread inversion since the end of September, we remain favorable to palladium over the short term,” Citigroup analysts including Nell Agate said in a note dated Friday. “However, ever-looming substitution risks prevent an outright bullish view on palladium over the long term.”

Trading activity has also played a role in boosting palladium prices, Simona Gambarini at Capital Economics Ltd in London, said by email. “As such, prices look vulnerable to a correction,” she said.

Spot gold touched the highest intraday since 26 September, gaining as much as 0.2% to $1,306.11 an ounce before a host of US Federal Reserve speakers this week who may provide clues on the outlook for US monetary policy. Silver was little changed at $17.4155 an ounce.

Source: http://www.livemint.com/Money/a3TzHLW6hHkXjXMcMBoPgJ/Palladium-tops-1000-for-first-time-since-2001-on-auto-dema.html