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Size of Prospective PGE-Cu-Ni Mineralization Doubled at Genesis Project in Alaska – Mr Barr

Mining News - Published on Fri, 11 Oct 2019

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Mr Harry Barr Chairman & CEO of New Age Metals Inc said that this summers exploration efforts have doubled the strike length of prospective mineralization at our road accessible Genesis PGE-Ni-Cu Project in Alaska. Our Alaskan geological consultant, Avalon Development, has outlined subsequent stages of exploration including reconnaissance level prospecting, geologic mapping and geochemical sampling for all of the newly identified PGE-Cu-Ni targets. Ground-based geophysics and/or closely spaced airborne magnetics and EM surveys should also be conducted to provide better three-dimensional control on mineralization. Following these efforts, prioritization of targets is recommended followed by first-ever scout drilling.

Genesis Summer 2019 Exploration Program Results
Two independent contractor evaluations were conducted earlier this summer on the Genesis project. These evaluations included imagery processing and interpretation of ASTER and associated LANDSAT8 satellite data to help map potential alteration targets to aid district-scale PGE-Cu-Ni sulfide exploration. This effort was conducted by Denver-based Image2Map Services, Inc. The second effort involved reinterpretation of 400m spaced airborne magnetic and resistivity surveys previously flown by the State of Alaska Div. of Geological and Geophysical Surveys and limited ground IP surveys conducted by a previous owner of the Genesis project. This effort was conducted by Denver-based Condor Geophysics.

Previous exploration on the Sheep Hill massif in the central part of the Genesis project revealed stratabound sulfides over an 800 metre strike length, with consistent PGE-Cu-Ni metal grades over multiple meter intervals, including 6 metres grading 804 ppb platinum and 1,018 ppb palladium, and 12 meters grading 5,938 ppm nickel. There has been no drilling on this district-scale project and the strike and depth extent of Ni-Cu-PGE mineralization remains open to expansion. The geophysical signature of the Sheep Hill mineralization is strongly magnetic and moderately conductive. The first-ever application of ASTER and LANDSAT8 imagery over Sheep Hill shows a remarkably consistent correlation between a distinctive strong iron oxide alteration signature and the geological and geophysical trace of the previously discovered PGE-Cu-Ni sulfide mineralization hosted by a dunite-lherzolite unit. ATSER and LANDSAT imagery revealed at least two other sub-parallel alteration zones adjacent to, and east of the known PGE-Cu-Ni mineralization at Sheep Hill. These two zones are separated from each other and the known Sheep Hill zone by talus fields composed of unaltered and unmineralized ultramafic rocks that lie upslope from the PGM-Cu-Ni mineralization. Combining ASTER and LANDSAT8 results with airborne magnetics and resistivity data indicate the total length of the stratabound PGE-Cu-Ni mineralization on Sheep Hill is at least 2,000m and open under alluvial cover in both strike directions.

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Posted By : Rabi Wangkhem on Fri, 11 Oct 2019
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