The mineralisation model developed for Wapolu is that the gold is associated with hydrothermal fluids, concentrated in shallow-dipping deposits within or immediately adjacent to a detachment fault zone .
A small trial mine was conducted in the mid 1990’s, and in the early 2000’s a limited metallurgical test-work program and technical study were carried out.
Mr Watt verified the data disclosed in this press release in accordance with industry standard best practices, including sampling, analytical, and test data underlying the information or opinions contained therein.
Such factors, among other things, include: impacts arising from the global disruption caused by the Covid-19 coronavirus outbreak, changes in general macroeconomic conditions; changes in securities markets; changes in the price of gold or certain other commodities; change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining ; and title to properties.
It currently has a portfolio of highly prospective mineral exploration projects in Papua New Guinea on which it is exploring for copper and gold.
New Age Metals is a green metals, mineral exploration company focused on the exploration and development of platinum group metals and lithium.