New Age Metals Inc. (TSXV: NAM; OTCQB: NMTLF; FSE: P7J.F) is preparing for its exploration programme at its 100% owned Genesis PGM-Cu-Ni Project.
The project is located in southeast Alaska, about 65 km south of the community of Glenallen and about 265 km east of Anchorage.
Highlights of the Genesis project include’
- The Genesis property comprises 4,144 hectares of State of Alaska mining claims.
- Two separate settings of magmatic reef-style mineralisation occur: chromate-hosted Platinum Group Metals (PGM) returning up to 2.4 g/t palladium (Pd) and 2.4 g/t platinum (Pt); and nickel-copper (Ni-Cu)-bearing sulphide mineralisation with values up to 0.96% Ni and 0.58% Cu.
- Reef-style cumulate mineralisation is open to the west, east, north and at depth.
- Reef-style mineralisation has been identified in outcrop for 2,000m along strike, with a 40m true thickness.
- Known PGM mineralisation covers a distance of nine km across the prospect. The target areas have never been drilled.
Genesis 2021 Exploration Programme
In August, the company engaged Aurora Geosciences Ltd. of Whitehorse, Yukon, to complete a surface rock, soil and stream sediment geochemical sampling and geological mapping programme at the Bernard Mountain and Sheep Hill areas of the Genesis Project.
Rock grab samples were collected and small soil sample pits were dug to assess soil profiles at target areas outlined from previous work. A subsequent phase of similar geochemical sampling and mapping was initiated in early September.
The estimated expenditure for both phases of work is US$100,000. Results from the programme are expected in Q4-2021.
For further information please visit: https://newagemetals.com/
