공시 • Jul 17
New Age Metals Inc. Completes Phase 1 Antimony-Gold Field Reconnaissance Exploration
New Age Metals Inc. announced completion of its Phase 1 field reconnaissance exploration program on its Sb-Au properties located in the Gander area of central Newfoundland and in the St. Alban's area of south-central Newfoundland. Highlights of the Phase 1 Field Recon Work. A total of 286 rock samples (assays pending) were collected from mineralized, deformed, and altered outcrops and float boulders across multiple mineral licenses, including Citadel, Rampart, Red doubt, Fort, Sentinel, Fastness, Palisade, and Sentry;. Elevated levels of Sb, Cu, Pb, Zn, and As were detected using a handheld pXRF device; A due diligence site visit was conducted on the adjacent Antimony Ridge Property, confirming the presence of high-grade antimony-quartz veins in outcrop. This led to the recent option agreement, further consolidating NAM's land position along the potentially emerging Sb-Au trend in the St. Alban's region; and NAM's technical team eagerly awaits the laboratory assay results from Phase 1 samples. When received, a comprehensive review will be undertaken to prioritize and guide the anticipated Phase 2 exploration program. Antimony, a critical metal: China, the world's largest producer/refiner severely. restricted antimony exports in December 2024, including a ban on shipments to the US, sending Antimony price to more than $60,000 per metric tonne, which more than quadrupled over the past year. Central Sb-Au Properties (Beaver Brook Antimony Mine Area - Near Gander, NL) In the Beaver Brook area, the team successfully accessed and assessed all claim blocks, except for the Garrison block. Despite limited outcrop exposure, numerous encouraging boulders and float samples were collected. Given the close proximity to the Beaver Brook Antimony Mine and New Found Gold's Queensway South Gold Project, these results are highly promising. NAM's technical team is now undertaking a thorough review of all field data to develop a refined conceptual model and an exploration strategy tailored for these properties. South Central Sb-Au properties (St Alban's area properties near Bay D'Espoir., Newfoundland) The St. Alban's properties revealed abundant sulfide-bearing quartz veins, characterized by widespread pyrrhotite and pyrite, and veins that host chalcopyrite and arsenopyrite. The field crew, led by Axiom Group, also evaluated the recently optioned Antimony Ridge property. Although exposure was limited, the team confirmed the presence of antimony-quartz veins over an exposed strike length of approximately 400 metres. Localized zones contained at least three foliation-parallel quartz-stibnite veins ranging from 10 to 30 cm in thickness. Notably, this occurrence has never been systematically explored or drill-tested to date. Additionally, in the southeast portion of the Antimony Ridge property, many (>10) pieces of massive stibnite float were discovered, likely derived from a nearby local source. Minimal time was spent on the Fort property; however, historical galena occurrences hosted in meta-psammitic rocks of the Baie d'Espoir Group were confirmed, along with several newly identified, undocumented occurrences of galena within broad silicified zones. NAM's properties in Newfoundland amount to approximately 19,800 hectares in 11 non-contiguous properties. Six of these properties are in the St. Alban's areas, along Canstar's Swanger and Little River mineralized trends. The remaining five properties are strategically located along the same geological trend as the past-producing Beaver Brook Antimony Mine and in proximity to New Found Gold's QueenswaySouth Gold Project. The Qualified Person has not completed sufficient work to verify the historical information on the neighbouring properties. Nevertheless, the Qualified Person considers that drilling and analytical results were completed to industry standard practices. The reader is cautioned that mineral occurrences, and the reader is cautioned that mineral occurrence, the reader is cautioned that mineralized, that mineral occurrences, and is cautioned that mineral occurrences, as well as well as well as well.