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New Energy Metals reports results from its Troitsa Copper Project

Market News, Mining
TSXV:ENRG
18 May 2023 14:32 (EDT)

Source: New Energy Metals Corp.

New Energy Metals (TSXV:ENRG) has new results from its 2022 exploration program on the Troitsa Copper Project.

It was confirmed there is historic channel and drill intercepts, defining the Main Zone. Also found was 26 samples averaging 0.61 per cent copper.

Troitsa is located 30 kilometers south of the advanced-stage Berg porphyry copper deposit. 

“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,” added Kwatra.

New Energy is now planning further exploration and development work on the project, with the aim of expanding the Main Zone mineralization.

Main Zone

The Main Zone is a 20 meter biotite-feldspar porphyritic granite dyke in which biotite has been pervasively replaced by chalcopyrite.

In the past, channel samples averaged 0.28 per cent Cu. 

In the 2022 exploration program, thirty-one mineralized samples were taken from the creek outcrops channel sampled by Callinex along with three whole rock samples and three QP check samples. 

Tracking the Main Zone mineralization to the northwest beyond drill intersections.

From this 5 samples were taken on the North Ridge from rusty weathering veins and breccia zones.

About New Energy Metals 

New Energy is a Canadian-based resource company listed on the TSX Venture Exchange under the symbol ENRG. 

New Energy Metals (ENRG) is down more than 31-percent, trading at $0.13 at 2:09 pm EST.

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