(NewsDirect)
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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