Highlights
- Expansion of Land Holdings: New Age Metals (NAM) has successfully map-staked an additional 42 mineral claims, making up two mineral licenses, and covering 1,050 hectares of crown land in Newfoundland and Labrador.
- Strategic Location: These newly acquired properties are situated along the same geological trend as the Beaver Brook Antimony Mine, Canada’s only primary antimony producer, and in close proximity to New Found Gold Corp.’s Queensway South Project.
- Total Land Position: The latest acquisitions increase NAM’s total staked land package in Newfoundland to 19,125 hectares (47,266 acres) across eight non-contiguous properties, reinforcing the company’s position for new critical mineral discoveries in areas historically dominated by precious and base metal exploration
- Market Opportunity: Au prices are at historic highs of ~US$3,000/ounce, whereas Sb prices markedly increased from early 2024 to ~US$50,000/tonne and should continue to rise as North America scrambles for sources of this critical metal after China stopped exporting antimony in late-2024[1].
- Go Forward Plan: The Company’s technical consultants are actively compiling and interpreting geological, geochemical, and geophysical datasets to define high-priority target areas for field follow-up in summer 2025.
New Age Metals Inc. (TSX.V: NAM | OTCQB: NMTLF | FSE: P7J) (“NAM” or the “Company”) is pleased to announce the successful map-staking of two new prospective gold-antimony (Au-Sb) properties in north-central Newfoundland. These two properties are in addition to one previously staked property along strike of the Beaver Brook Antimony Mine in north-central Newfoundland and five previously staked properties adjacent to and along strike of known Au-Sb occurrences in the St. Alban’s area of south-central Newfoundland1.
Harry Barr, Chairman and CEO commented, “NAM is delighted to secure this additional ground over such a highly prospective area, strategically located along trend from the Beaver Brook Sb Mine and adjacent to the Queensway South Au Project. Our technical team is diligently reviewing existing data, refining target selections, and planning for an aggressive fieldwork program across all eight of our new Au-Sb properties in the summer of 2025. With historically high prices for both gold and antimony, we are eager to advance exploration efforts on our entire land package. The Fastness and Palisade Properties will be top priorities for our 2025 summer exploration program, given their strategic location and geological setting.”
Two New Properties on the Under-Explored Beaver Brook Sb (Au) Trend
- Fastness Property (Figures 1 and 2)
NAM has strategically staked 29 claims covering 725 ha, naming it the Fastness Property.
This property is located 2 km east of NAM’s previously staked Sentinel Property, positioned between the past-producing Beaver Brook Sb Mine (~4 km north) and New Found Gold Corp.’s Queensway South Gold Project (~3 km south) (Figure 2). Fastness is also situated
~2 km from New Found Gold’s Aztec, Hornet, and Greenwood Pond Targets, where numerous rock samples have returned values ranging from 3 g/t to >10 g/t Au3.
Geologically, Fastness lies along the southern extension of the Beaver Brook Mine lithostructural trend, an area recognized for its highly prospective structural extensions of known high-grade gold and antimony mineralization.
2. Palisade Property (Figures 1 and 2)
Approximately 5 km to the west, NAM has staked 13 claims covering 325 ha and named it the Palisade Property. This Property is situated 2 km along trend to the northeast from NAM’s previously staked Sentinel Property (Figure 2). Generally, Palisade occurs along the southwest extension of the Beaver Brook Mine lithostructural trend and targets extensions of known high-grade Sb (Au) mineralization.
Regional Significance
The Beaver Brook Sb Mine was Canada’s only primary antimony producer, with a historical resource of 2.2 Mt grading 3.99% Sb at a 1.5% cut-off grade (Sandeman et al., 2018)[1].
The Queensway South Gold Project is the ~80 km long southern extension of the highly gold mineralized trend at Queensway North3. The project has seen a marked increase in exploration efforts over the past 3 years (2022 to 2024) totalling 19,980 metres of diamond drilling in 89 holes, 1,200 rock samples, and 9,900 soil samples. Recent highlights include:
- Astronaut Zone: 19.0 g/t Au over 3.15 metres in drill hole NFGC-QS-22-20
- Nebula Zone: 4.92 g/t Au over 3.05 metres in drill hole NFGC-QS-22-25
- Camp Zone: 1.2 g/t Au over 16.80 metres in drill hole NFGC-QS-24-89 and a 479 g/t Au grab sample from surface.
NAM’s current portfolio of eight non-contiguous Au-Sb exploration properties totalling 19,125 ha in north-central and south-central Newfoundland is shown in Figure 3.
Continue at New Age Metals inc.
