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Share Name | Share Symbol | Market | Type |
---|---|---|---|
New Age Metals Inc (QB) | USOTC:NMTLF | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.025 | 0.022 | 0.0327 | 0.00 | 15:07:07 |
Figure 1- Exploration targets for new higher grade resources internally within footwall of River Valley Intrusion. The peak of the IP chargeability anomalies ( red outlined in white) plot to the east of the main mineralized zone ($) on the basal contact. The anomalies represent untested and under tested drill targets in the footwall to the River Valley Intrusion
About River Valley Project
In January 2011, Pacific North West Capital Corp. successfully negotiated the 100% acquisition of the River Valley PGM Project from Anglo Platinum Limited. The River Valley Project is one of the largest undeveloped primary PGM projects in North America. The project has excellent infrastructure support and is located 100 km from the city of Sudbury, Ontario, Canada's largest nickel-copper-PGM mining and metal recovery centre.
In May 2011, Pacific North West Capital Corp. commenced a $5 million drill program on the project. The program was successfully completed in May 2012. Data from 2011-2012 resource drilling was combined with holes drilled previously up to 2005, and delivered to Wardrop Engineering for a mineral resource update.
The NI43-101 compliant mineral resources for the River Valley Project effective May 1, 2012 are illustrated in the table below:
With these mineral resources, the River Valley Project is to be assessed for development potential as a large open pit PGM-Cu-Ni mining and milling operation as the project advances towards a Preliminary Economic Assessment Study. In support of this study, a metallurgical test program is in progress.
Qualified Persons Statement
This news release has been reviewed and approved for technical content by Dr. William Stone Ph.D., P.Geo. and Mr. Ali Hassanalizadeh M.Sc., P.Geo. both Qualified Persons under the provisions of National Instrument 43-101.
Pacific North West Capital Corp. is an International Metals Group Company.
(www.internationalmetalsgroup.com)
On behalf of the Board of Directors
"Harry Barr'
Harry Barr
Chairman and CEO
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Disclaimer: This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with The Toronto Stock Exchange, British Columbia Securities Commission and the United States Securities & Exchange Commission.
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