New Age explores at the Genesis PGM project
Small sampling, mapping program on critical metal prospects north of the 60th Mining News – September 24, 2021
New Age Metals Inc. reported on September 20 that Aurora Geosciences Ltd. was mapping and sampling in the Bernard Mountain and Sheep Hill areas of New Age’s Genesis Platinum Group metal-nickel-copper project in south-central Alaska.
Located along the Richardson Freeway approximately 75 freeway miles north of the deepwater port town of Valdez, Genesis is an under-explored palladium-platinum-nickel-copper property with excellent infrastructure.
Previous sampling at Sheep Hill, one of two primary targets identified to date on the 10,240 acre Genesis property, returned up to 2.4 grams per metric tonne of palladium, 2.4 g / t platinum , 0.96% nickel and 0.58% copper.
New Age reports that a 40 meter thick layer of reef-like mineralization has been identified in the outcrop at Sheep Hill for approximately 2,000 meters along strike.
Bernard Mountain, which lies approximately 4.7 miles (7.5 kilometers) west of Sheep Hill, harbors a distinct style of chromite mineralization containing up to 2.5 g / t palladium and 2.8 g / t of platinum.
Despite the PGM-copper-nickel surface mineralization identified at Sheep Hill, Bernard Mountain and other target areas over a promising area of over five miles (nine kilometers) at Genesis, no drilling has ever been done on this project. .
In August, New Age hired Aurora Geosciences to complete a program of geochemical sampling and geological mapping of rocks, soils, and surface stream sediments in the Bernard Mountain and Sheep Hill areas.
Rock samples were taken and small sample pits were dug to assess soil profiles in target areas described from previous work.
A subsequent phase of similar geochemical sampling and mapping was initiated in early September.
New Age expects to receive the results of this program in the fourth quarter.