New Age Metals (TSXV: NAM; US-OTC: NMTLF) is seeking a joint venture partner to help develop its 100% owned Genesis palladium-platinum-nickel-copper located in the northeastern Chugach Mountains, 120 road km north of Valdez, Alaska.
The company recently released the first technical report on the 41 sq. km project it acquired in April 2018. Sampling conducted by New Age Metals on the project's outcrop graded as high as 9,660 parts per million nickel, 5,800 parts per million copper, 2,800 parts per billion platinum and 2,540 parts per billion palladium.
Highlights include 6 metres grading 804 parts per billion platinum and 1,018 parts per billion palladium and 12 metres at 5,938 parts per million nickel.
The project contains one known platinum group metal-nickel-copper reef style target that New Age considers drill ready. The reef is open to the west, east, north and at depth. Through outcrop sampling, the company outlined a mineralized horizon over 850 metres along strike measuring 40 metres thick.
The company says it has known platinum group metal mineralization covering 9 km of the project.
New Age Metals has not yet drilled the project, nor has it received any historical drilling. The company is seeking option or joint-venture opportunities to help progress the project while it carries out summer exploration on its lithium properties.
The company has eight lithium projects in southeastern Manitoba.
Shares of New Age Metals are currently valued at 6 ? with a 52-week range of 5 ? to 18 ?. The company has a $5 million market capitalization.