New Age Metals Inc. press release
New Age Metals says it is encouraged with results from rhodium study at River Valley project
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--News Direct--
New Age Metals CEO Harry Barr tells Proactive's Stephen Gunnion the company is encouraged by assay results from a rhodium geochemistry study at its River Valley palladium project near Sudbury, Ontario.
Barr said the samples were collected from four metallurgical drill holes completed in 2021 at the project, with the highest assay result revealing 0.306 grams per ton (g/t) rhodium.
With rhodium trading near $8,000 an ounce - five times higher than palladium and seven times higher than platinum - he said it makes sense to go back into the core that is on-site and re-assay with the objective of getting rhodium as a payable metal along with the other metals present at the project.
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View source version on newsdirect.com: https://newsdirect.com/news/new-age-metals-says-it-is-encouraged-with-results-from-rhodium-study-at-river-valley-project-821968650
Earlier from New Age Metals Inc.
- New Age Metals Completes Phase 3 Rhodium Geochemistry Study of the River Valley Palladium Project
- New Age Metals expands lithium portfolio with acquisition of project in Manitoba
- New Age Metal's Lithium Division Expands Land Holdings to 74, 448 Hectares with the Addition of a New Project at Red Cross Lake, Manitoba