(NewsDirect)
New Age Metals CEO Harry Barr tellsProactive's Stephen Gunnion the company is encouraged by assayresults from a rhodium geochemistry study at its River Valleypalladium project near Sudbury, Ontario.
Barr said the samples were collected from four metallurgicaldrill holes completed in 2021 at the project, with the highest assayresult revealing 0.306 grams per ton (g/t) rhodium.
Withrhodium trading near $8,000 an ounce - five times higher thanpalladium and seven times higher than platinum - he said it makessense to go back into the core that is on-site and re-assay with theobjective of getting rhodium as a payable metal along with the othermetals present at the project.
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