Troitsa Copper Project
- Excellent Exploration Potential
- Magnetic anomaly outlines large intrusion mapped by BC Geological Survey
- A dozen, untested large, coincident IP chargeability & resistivity anomalies
- Outside the Main Zone, exploration largely limited to prospecting
- Retreating glaciers exposing new areas near mineralization since 2012 work
- Airborne ZTEM survey completed over area
Get more key details here.
And right now, a handful of key potential NRGYF catalysts need to be observed. Check them out:
#1. NRGYF Potential Catalyst - Positive Results From Troitsa Project Could Lead To Further Exploration
New Energy Metals Reports Encouraging Results from Troitsa Copper Project
VANCOUVER, British Columbia, May 18, 2023 (GLOBE NEWSWIRE) -- New Energy Metals Corp. (TSXV: ENRG) (OTCPink: NRGYF) (“New Energy” or the “Company”) is pleased to announce positive results from its 2022 exploration program on the Troitsa Copper Project (“Troitsa” or the “Project”). The program, which included extensive geological mapping and sampling, confirmed historic channel and drill intercepts defining the Main Zone, with 26 samples averaging 0.61% copper.
Troitsa is located 30 kilometers south of the advanced-stage Berg porphyry copper deposit, and 15 kilometers southwest of the Huckleberry past-producing porphyry copper-moly deposit and the nearby Ox and Seel developed porphyry copper prospects (Fig. 1). Troitsa is a promising copper porphyry exploration project which has had significant potential for future development confirmed by our latest exploration program, which focused on finding extensions to the Main Zone (Fig. 2) where the most continuous high-grade copper mineralization was discovered.
- New Main Zone sampling averages 0.61% Cu and 909 ppm Mo in 26 samples in and around a porphyry dyke.
- The Trogold showing may be an extension of Main Zone geology over 2 kilometers to the southeast where disseminated chalcopyrite was discovered in porphyry dykes (e.g., 0.15% Cu and 0.87% Cu) at the centre of a zone of sulphide veinlets in the stock (0.57% Cu, 0.76% Cu).
- Gold mineralization is confirmed at Trogold in two samples (6.5 g/t Au and 2.9 g/t Au).
- Peripheral-zone porphyry Pb-Zn mineralization confirmed at Astiort, Tro and Troitsa Easter.
"We are excited to report these positive results from our 2022 exploration program on the Troitsa Copper Project,” said Rishi Kwatra, CEO. “The Main Zone has consistently shown high-grade copper mineralization, and these latest results are a testament to the significant potential of this Project."
The average copper grade of 0.61% in 26 out of 31 samples (capped at 1.4% Cu) taken from the Main Zone in the 2022 program is consistent with previous exploration programs and indicates the presence of significant copper mineralization in the area.
New Energy is now planning further exploration and development work on the Project, with the aim of expanding the Main Zone mineralization.
Read the full article here.
#2. NRGYF Potential Catalyst - NRGYF Has A Low Float Which Means Volatility Needs To Be On Watch
According to the Yahoo Finance website, NRGYF has a relatively low float.
The website reports this profile to have approximately 31.14Mn shares in its float.
Why is that important? It's important on one crucial level. Volatility.
Could more positive company news in 2023 provide a near term spark?
#3. NRGYF Potential Catalyst - Company Officially Closes Acquisition Of Roslyn Property (Lithium Project)
New Energy Metals Announces Closing of the Roslyn Property Acquisition
Vancouver, British Columbia–(Newsfile Corp. – March 1, 2023) – New Energy Metals Corp. (TSXV: ENRG) (OTC Pink: NRGYF) (“New Energy Metals” or the “Company”) is pleased to announce that further to its December 6, 2022, February 14, and February 22, 2023 news releases, it has closed the acquisition of the Roslyn Lithium Property (the “Roslyn Property”) pursuant to an Assignment and Assumption Agreement (the “Agreement”) with an arm’s length party (the “Assignor”) dated December 6, 2022.
The Roslyn Property is subject to an option agreement (the “Underlying Agreement”) with arms-length vendors. The Roslyn Property is comprised of 12 claims (254 cells) totaling approximately 5,100 hectares located 50 kilometers northeast of Nipigon, Northwestern Ontario. ...
Read the full article here.
#4. NRGYF Potential Catalyst - New Faces Could Deliver Significant Value To The Company
New Energy Metals Announces New Director and Chief Financial Officer
Vancouver, British Columbia–(Newsfile Corp. – March 3, 2023) – New Energy Metals Corp. (TSXV: ENRG) (OTC Pink: NEMCF) (“New Energy” or the “Company”) is pleased to announce the appointment of Keenan Hohol to New Energy’s Board of Directors effective immediately.
Mr. Hohol is a lawyer and executive with over 20 years of international advisory experience, with a record of achievements in the areas of mergers and acquisitions and corporate transactions, corporate governance and corporate development, legal and regulatory compliance, risk management, litigation management, business ethics and anti-corruption, and corporate social responsibility. Mr. Hohol’s previous executive roles include General Counsel, Global Exploration, BHP Billiton; Global Head of Legal, Western Coal and interim General Counsel at Walter Energy; Vice-President, Legal and General Counsel, for Silver Standard Resources; and General Counsel, for Pan American Silver.
Mr. Kwatra continued, “We are very pleased to have someone with Keenan’s professional background join New Energy Metals. His expertise in the mining industry and various leadership roles will be of great value to the Company as we continue to execute on our strategy and advance our exploration projects.”
The Company is also pleased to announce the appointment of Nilda Rivera as Chief Financial Officer and Corporate Secretary effective immediately.
Ms. Rivera has over 20 years of experience in corporate and operational finance and managed publicly listed companies in the areas of accounting, finance, regulatory compliance and corporate governance. She was involved in IPOs, RTOs and mergers and acquisitions in several industries including cann-a-bis, he-mp, resource and technology, and assisted various start-up companies in achieving public listings on the CSE, TSXV and OTC, and their uplisting to the TSX and NYSE. Ms. Rivera is currently CFO of Cloud Nine Web3 Technologies Inc. Previously, she served as Vice President of Finance and Corporate Secretary at Aurora Cannabis Inc. where she was instrumental in building its finance team, and involved in completing its early equity and debt financings and its uplisting to the TSX and NYSE. She has also served as CFO, Corporate Secretary and a director for several public mining and exploration companies.
“We are very pleased to welcome Nilda to New Energy’s executive team,” stated Rishi Kwatra, CEO. “Her caliber and extensive experience in corporate finance will be of great benefit to us as we move the Company forward.”
Read the full article here.
NRGYF Recap - Top 4 Potential Catalysts To Know Right Now
#1. - Positive Results From Troitsa Project Could Lead To Further Exploration
#2. - NRGYF Has A Low Float Which Means Volatility Needs To Be On Watch
#3. - Company Officially Closes Acquisition Of Roslyn Property (Lithium Project)
#4. - New Faces Could Deliver Significant Value To The Company
Coverage is officially initiated on NRGYF. When time permits, do this: