New Age explores at Genesis PGM project
Small sampling, mapping program at critical metals prospects North of 60 Mining News – September 24, 2021
Last updated 9/23/2021 at 4:23pm
New Age Metals Inc. Sept. 20 reported that Aurora Geosciences Ltd. is carrying out mapping and sampling at the Bernard Mountain and Sheep Hill areas of New Age's Genesis platinum group metal-nickel-copper project in Southcentral Alaska.
Lying alongside the Richardson Highway about 75 highway miles north of the deep-water port city of Valdez, Genesis is an under-explored palladium-platinum-nickel-copper property with great infrastructure.
Previous sampling at Sheep Hill, one of two primary targets identified so far on the 10,240-acre Genesis property, returned up to 2.4 grams per metric ton palladium, 2.4 g/t platinum, 0.96% nickel, and 0.58% copper.
New Age says a 40-meter-thick layer of reef-style mineralization has been identified in outcrop at Sheep Hill for about 2,000 meters along strike.
Bernard Mountain, which is about 4.7 miles (7.5 kilometers) west of Sheep Hill, hosts a separate style of chromite mineralization containing up to 2.5 g/t palladium and 2.8 g/t platinum.
Notwithstanding the surface PGM-copper-nickel mineralization identified at Sheep Hill, Bernard Mountain, and other target areas across a more than five-mile (nine kilometers) prospective area at Genesis, no drilling has ever been carried out on this project.
In August, New Age engaged Aurora Geosciences to complete a surface rock, soil, and stream sediment geochemical sampling and geological mapping program at both the Bernard Mountain and Sheep Hill areas.
Rock grab samples were collected and small sample pits were dug to assess soil profiles at target areas outlined from previous work.
A subsequent phase of similar geochemical sampling and mapping was initiated in early September.
New Age expects to receive results from this program during the fourth quarter.