New Age Metals (TSX-V:NAM, OTCQB:NMTLF) Inc has announced new assay results for core samples from 2021 drill hole KP21-05 completed at the Dana South Zone at its River Valley palladium project in northern Ontario, which included 1.1 grams per tonne (g/t) palladium + platinum + gold and 0.1% copper over 84 metres (m) from 197m downhole.
The mineral exploration and development company said the long, higher-grade intersection of palladium mineralization lying outside the established boundary of Dana South appears to represent an opportunity to expand the zone in a south-southeastwards direction.
“The exploration upside potential at River Valley continues to surprise, despite historical and recent drilling of 723 holes totalling 156,000m along the 16 km strike length of the deposit,” New Age Metals (TSX-V:NAM, OTCQB:NMTLF) CEO Harry Barr said in a statement.
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“Follow-up drilling designed to confirm and expand the Dana South mineralization beyond the historically modelled boundaries will be undertaken this summer,” Barr added.
New Age Metals (TSX-V:NAM, OTCQB:NMTLF) noted that 37m of the 84m-long mineralized intercept is located outside the wireframed domain boundary of Dana South Zone.
The company added that the location of the Dana South Zone in the northern area of the River Valley deposit makes it a key zone in the ongoing Pre-Feasibility Study of the River Valley project.
As well, New Age Metals said a follow-up drilling program is planned to test for the potential extension of Dana South as part of the proposed River Valley 2022 exploration program, which will strive to confirm the presence of the higher-grade palladium mineralization, test its continuity along strike and down-dip, and determine the location of the boundary fault.
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 Sean at sean@proactiveinvestors.com