New Age Metals Inc. (
TSX: V.NAM,
OTCQB:PAWEF,
Forum) on Wednesday said 2018 appears to be the start of a banner year for the company and the junior exploration industry. Both of the company’s mineral divisions -- platinum group metals in Ontario and lithium in Manitoba -- have aggressive exploration and development plans for 2018.
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New Age said the 100%-owned River Valley property is the largest undeveloped primary PGM resource in Canada, with 3.9 million ounces of palladium equivalent in measured plus indicated, including an additional 1.2 million ounces in inferred.
It said River Valley PGM has excellent infrastructure and is within 100 kilometres of the Sudbury Metallurgical Complex.
New Age Metals was in the news recently when the company said it plans to launch its 2017 exploration program at the River Valley platinum group metals (PGM) project with a surface geophysical program.
At the time, the company said work will focus on the Pine Zone, which is one of many PGM zones located within the River Valley project, which was most recently drilled in the fall of 2016.
Full Disclosure: New Age Metals Inc.
is a paid client of Stockhouse Publishing.