New Age Metals Inc. (TSXV:NAM); (OTC:NMTLF) has obtained positive results of a 2021 OreVision 3D induced polarisation (IP) survey over the Banshee Zone on its 100% owned River Valley Palladium Property near Sudbury, Ontario.
The purpose of the survey was to generate priority exploration targets for drill testing. Banshee Zone’s location between the Dana Zones to the north and the Lismer Zones to the east makes it an exploration priority, at River Valley
OreVision 3D Survey
This OreVision 3D survey was performed by Abitibi Geophysics along four cut-lines (roughly six line-km) over the Banshee Zone area.
This survey was conducted using the Pole-dipole configuration of “a” spacing equal to 37.5m and “n” spacings of one to 30, with in-line and across-line measurements (3D DC-IP design) and depth penetration of up to 485 m vertically below surface.
The inversions performed incorporated the previous survey data from the nearby 2017 geophysical survey. That survey included four OreVison 3D survey lines, acquired using the same configuration as this new dataset.
The OreVision 3D survey was completed over the Banshee Zone in the early summer of 2021. Following QAQC protocols, data processing and integration with the 2017 survey data, and inversion and interpretation, Abitibi Geophysics delivered 11 sub-surface targets and three surface targets to NAM for further evaluation.
NAM prioritized the targets situated on chargeability highs that continue to depths of up to 400 m below surface for follow-up evaluation work and potential drill testing. The prioritised targets on the Banshee Zone trend (northwest) potentially coincide with contact-type palladium mineralisation (historical drill hole BL-02: 1.11 g/t Pd+Pt+Au/7.5 m) and may indicate potential for Mineral Resource expansion by drilling down-dip and across strike, particularly in the north part of the Zone.
The prioritised targets on cross-cutting (north to northeast-trending) faults may indicate areas of mineralisation transposed into the footwall during deformation, like the Pine Zone farther north.
Such footwall structural targets (for example, near historical drill holes BL-19, -11 and -13 and BL-21) represent an under-explored target type at the Banshee Zone and, more generally, on the River Valley Property.
Next Steps
The current drill programme plan for Banshee Zone will be revisited and revised in view of the new targets generated by the OreVision 3D IP survey. The surface targets (outcrops or subcrops) will be prospected or stripped when field conditions allow.
Exploration drilling is tentatively slated to resume in the Banshee Zone area in H1 2022.
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