New Age Metals (TSX-V:NAM, OTCQB:NMTLF) Inc and its partner Mineral Resources Ltd (ASX:MIN) have engaged Axiom Exploration Group Ltd to survey portions of the Lithium One and Lithman East properties, according to a statement.
Axiom will conduct a helicopter-borne tri-axial gradiometer magnetics survey, including Lidar (light detection and ranging), covering a total of 5,600 hectares, the company said.
The survey is intended to infill areas not covered by the 2021 UAV (unmanned aerial vehicle) magnetics survey and provide detailed magnetic maps and lidar imagery to aid in the summer exploration, geological mapping, and drill-targeting of these prospective areas, the company said.
Previous magnetic surveys proved to be a valuable exploration technique in identifying multiple prospective trends that enhance the potential for additional discoveries as well as further delineating known surface exposures.
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Axiom Exploration utilizes a helicopter with three specially designed potassium vapor magnetometers mounted in a triaxial array to conduct gradient magnetic surveys along 50-meter line spacing, the company said.
Data from the three individual sensors allows the measurement of the horizontal and vertical gradients of the magnetic field. Horizontal gradient measurements provide details about the lateral extent of subsurface anomalies located between survey lines, while vertical gradients can assist significantly in identifying geologic/structural contacts and near-surface targets that may correlate with lithium-bearing pegmatites.
Lithium East hosts abundant surface exposed pegmatites along a trend of rare-metal pegmatite groups, however, very little historic work has been completed on this property with no documented drilling.
Lithium One hosts numerous showings that have been traced at surface and have limited historical drilling. The survey is expected to assist in outlining the total extent of these known showings and to further refine the planned Phase One diamond drill program on the Silverleaf Pegmatite and other showings on the property.
A comprehensive program of mapping and surface sampling is planned for the summer to follow up on the results of the helicopter survey. The results in combination with a satellite spectral analysis will be valuable in defining additional areas with high potential to host lithium-bearing pegmatites, the company said.
New Age Metals is a junior mineral exploration and development company focused on advancing green metal projects in North America through its two divisions, a platinum group metals division and a lithium/rare element division.
Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com
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