(TheNewswire)
September 20, 2021 – TheNewswire - Rockport,Ontario - New Age Metals Inc. (TSXV:NAM ) ; ( OTC:NMTLF ) ; ( FSE:P7J.F) (“NAM” or “the Company”) ispleased to update our shareholders and interested parties about theCompany’s 2021 exploration program at its 100% owned GenesisPGM-Cu-Ni Project. The project is located in southeast Alaska, about65 km south of the community of Glenallen and about 265 km east ofAnchorage.
Highlights of the Genesis project are listed below:
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- The Genesis PGM-Cu-Ni Project is 100% owned by NewAge Metals.
- The project is located within 3 km of the all-seasonpaved Richardson highway and a high-capacity electric powerline.
- The Genesis property comprises 4,144 hectares ofState of Alaska mining claims.
- Two separate settings of magmatic reef-stylemineralization occur: chromate-hosted Platinum Group Metals (PGM)returning up to 2.4 g/t palladium (Pd) and 2.4 g/t platinum (Pt); andnickel-copper (Ni-Cu)-bearing sulphide mineralization with values upto 0.96% Ni and 0.58% Cu.
- Reef-style cumulate mineralization is open to thewest, east, north and at depth.
- Reef-style mineralization has been identified inoutcrop for 2,000 metres along strike, with a 40-metre truethickness.
- Known PGM mineralization covers a distance of 9 kmacross the prospect. The target areas have never been drilled.
- The 2018 NI 43-101 Technical Report is available onSEDAR.
Genesis 2021 ExplorationProgram
In August, the Company engaged Aurora Geosciences Ltd.of Whitehorse, Yukon, to complete a surface rock, soil and streamsediment geochemical sampling and geological mapping program at theBernard Mountain and Sheep Hill areas of the Genesis Project. Rockgrab samples were collected and small soil sample pits were dug toassess soil profiles at target areas outlined from previous work. Asubsequent phase of similar geochemical sampling and mapping wasinitiated in early September. The estimated expenditure for bothphases of work is US$100,000. Results from the program are expected inQ4-2021.
NAM’s 100% owned road accessible Genesis PGM-Cu-Ni Project, Alaska
About NAM
New Age Metals is a junior mineral exploration and development companyfocused on the discovery, exploration and development of green metalprojects in North America. The Company has two divisions; a PlatinumGroup Metals (PGM) division and a Lithium/Rare Element division.
The PGM Division includes the 100% owned, multi-million-ounce,district scale River Valley Project, one of North America’s largestundeveloped Platinum Group Metals projects, situated 100 km northeastfrom Sudbury, Ontario. The Companycompleted a positive Preliminary Economic Assessment on the Project in2019, and is fully financed to complete a Pre-Feasibility Study on theProject. A technical report is slated to be published by the end ofthe first half of 2022. In addition to River Valley, theCompany is the 100% owner of the Genesis PGM-Cu-Ni Project.
The Lithium Division is one of the largest mineral claim holders inthe Winnipeg River Pegmatite Field, where the Company is exploring forhard-rock lithium and various rare elements, such as tantalum andrubidium. 2021 plans includedrone-supported geophysics on at least five of the Company’s sevenprojects, and a maiden diamond drill program on the Company’sLithium Two Project.
Our philosophy is to be a project generator with the objective ofoptioning our projects to major and junior mining companies topotentially develop them through to production. The Company isactively seeking an option/ joint venture partner for itsroad-accessible Genesis PGM-Cu-Ni Project in Alaska.
Investors are invited to visit theNew Age Metals website at www.newagemetals.com where they can reviewthe company and its corporate activities. Any questions or commentscan be directed to info@newagemetals.com or Harry Barr at Hbarr@newagemetals.com or Cody Hunt at Codyh@newagemetals.com or call 613 659 2773.
Carl Schulze, P. Geo., Consulting Geologist with AuroraGeosciences Ltd, is a qualified person as defined by NationalInstrument 43-101 for New Age Metal’s Alaskan exploration projects,and has reviewed and approved the technical information in thisrelease.
If you have not done so already, we encourage you tosign up on our website ( www.newagemetals.com ) to receive our updated news.
On behalf of the Board of Directors
“ Harry Barr”
Harry G. Barr
Chairman and CEO
Neither the TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release. Cautionary Note Regarding Forward Looking Statements:This release contains forward-looking statements that involve risksand uncertainties. These statements may differ materially fromactual future events or results and are based on current expectationsor beliefs. For this purpose, statements of historical fact may bedeemed to be forward-looking statements. In addition,forward-looking statements include statements in which the Companyuses words such as “continue”, “efforts”, “expect”,“believe”, “anticipate”, “confident”, “intend”,“strategy”, “plan”, “will”, “estimate”, “project”,“goal”, “target”, “prospects”, “optimistic” or similarexpressions. These statements by their nature involve risks anduncertainties, and actual results may differ materially depending on avariety of important factors, including, among others, the Company’sability and continuation of efforts to timely and completely makeavailable adequate current public information, additional or differentregulatory and legal requirements and restrictions that may beimposed, and other factors as may be discussed in the documents filedby the Company on SEDAR (www.sedar.com), including the most recentreports that identify important risk factors that could cause actualresults to differ from those contained in the forward-lookingstatements. The Company does not undertake any obligation to reviewor confirm analysts’ expectations or estimates or to releasepublicly any revisions to any forward-looking statements to reflectevents or circumstances after the date hereof or to reflect theoccurrence of unanticipated events. Investors should not place unduereliance on forward-looking statements.
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