New Age Metals holds annual tour of proposed platinum group mine, gives updates on progress of project
New Age Metals’ River Valley project could be a historic mine site, according to its developers, so long as investor confidence and the markets remain strong enough to see it become a reality.
Investors, First Nations partners, geologists and curious members of the public were invited on Sept. 12 to take a site tour of the proposed open pit mine, located approximately 100 kilometres northeast of Sudbury.
Visitors were first taken to a core shack in the town of River Valley, 22 kilometres south of the site, to examine samples, and then brought to the 16,000-acre, 16-kilometre-long site itself, to examine outcroppings and drill hole locations. Company representatives also fielded questions on the history of the region, potential economic benefits and recent developments.
The tour was part of the North America Mining Expo, which was being held Sept. 12 and 13 at the Centennial Arena in the Sudbury community of Hanmer. New Age Metals gave two presentations and had an information booth at the expo as well.
The tour is an annual event designed to keep the public, government and stakeholders informed of developments, said Harry Barr, chairman and CEO of New Age Metals. And in the past year, there’s been a lot of developments.