2 Divisions: Palladium and Lithium
New Age Metals is a mineral exploration company. They’re focusing on the exploration and development of North America’s palladium-rich primary Platinum Group Metals (PGM) deposit, the River Valley PGM Project. The Company also has a Lithium (Li) Division with eight Li projects, of which two are drill ready.
River Valley PGM Project
New Age Metals has 100% ownership of the River Valley PGM Project.
Further, the project is located in the Dana and Pardo townships of Northern Ontario, approximately 60km east of Sudbury, Ontario. It’s road accessible in Canada’s premier Ni-Cu-PGM mining and smelting district. The district boasts perfect infrastructure and community support for mining activities.
The River Valley intrusion (RVI) is shallow-dipping, layered, and approximately 900 m thick. Additionally, there is an increase in metamorphic grade from the northwest part of the intrusion (middle greenschist facies) to the southeast part (lower amphibolite). The dominant rock types are leucogabbronorite and leucogabbro with gabbros and anorthosites . Along the Grenville Front, the RVI is either in thrust contact with quartzite of the Huronian Mississagi Formation or is in contact with mafic and felsic metavolcanic rocks of the lower Huronian Supergroup where the nature of the contact is unknown.
New Age Metals is the largest mineral claim holder in the prolific, Winnipeg River – Cat Lake Pegmatite Field. Moreover, all of the claims are held by Lithium Canada Development, a 100% owned Lithium Division of New Age Metals. They presently have eight Lithium Projects in the region which lay along strike of the Tanco Pegmatite and the claims encompass several pegmatite groups. Further, the projects are located 140 kilometres northeast of Winnipeg, Manitoba.
“It’s a great time to be looking for Platinum Group Metals.” says Chairman and CEO, Harry Barr.
Markedly, New Age Metals’ philosophy is to be a project generator, explorer and project operator with the objective of Optioning/Joint Venturing its projects with major and junior mining companies, through to production.
For more information on New Age Metals Inc. (TSX.V:NAM, OTCQB:NMTLF) please fill out the form below.