New Age Metals Initiates Environmental Baseline Program At River Valley

ROCKPORT - New Age Metals Inc. reported as part of its Phase 2 2020 exploration and development program at the Company’s 100% owned River Valley Palladium Project, that Story Environmental has been engaged to conduct environmental baseline work beginning in the third week of July.

Harry Barr, Chairman & CEO said, “We are happy to be working with Story Environmental on this critical work program at River Valley. As a development asset, we are looking forward to continuing to de-risk River Valley by adding to our existing environmental studies and completing our 2019 Preliminary Economic Assessment recommendations in advance of a Pre-analyzingfeasibility study.”

The environmental baseline studies are planned to commence in the third week of July.  Adequate consideration at the start is necessary to ensure that such programs are rigorously defined and that the appropriate data are collected and aligned to support future permitting efforts. This year’s data collection will include: collecting and analyzing two rounds of surface water samples in both low- and high-flow conditions, conducting flow measurements at two local sites, and conducting a fish community and habitat survey. The baseline program data collection may continue into Q4 2020, depending on progress and field conditions.

Further to the environmental baseline program, a Stage 1 Archaeological Assessment within the River Valley Project area will be completed as part of the Company’s Phase 2 program.

The Phase 2 exploration and development program will also include a drill program, in which two vertical holes totaling 750 meters are planned and will be completed by a single diamond drill rig. Drilling is scheduled to commence in the third week of July and should be completed within about two weeks. The drilling will test for presence of the favorable Breccia Unit of the River Valley Intrusion (or feeder magma conduit), fault and fold structures, and palladium mineralization, either an along strike continuation of the Pine Zone or a new zone. Assay results should be available from the laboratory by the end of August. Pending results, the two Phase 2 holes and other holes nearby may be surveyed by downhole IP techniques for off-hole anomalies that could represent palladium mineralization. This Phase 2 drill program is the second phase of a three phase 5,000 meter drill program proposed for 2020.