Northwire Canada EditionWednesday, November 11, 2026
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Gold 4,030.20 −2.0% Silver 51.23 −2.8% Copper 6.27 −1.2% Oil 86.04 −0.9% Palladium 1,024.00 +0.2% NVX 0.910 +0.0% MSR 0.435 +0.0% ELE 22.85 −4.0% ALS 53.01 −2.2% APM 5.13 −6.6% AVL 5.46 −5.4% NG 8.84 −9.0% ATY 0.220 −2.2% CN 0.125 −10.7% PMET 3.22 −4.2% ITH 1.99 −11.6% VMET 12.33 −6.9% ABX 56.41 −5.6% PUR 0.370 +8.8% SCY 0.085 +6.2% AUMN 0.300 +7.1% Gold 4,030.20 −2.0% Silver 51.23 −2.8% Copper 6.27 −1.2% Oil 86.04 −0.9% Palladium 1,024.00 +0.2% NVX 0.910 +0.0% MSR 0.435 +0.0% ELE 22.85 −4.0% ALS 53.01 −2.2% APM 5.13 −6.6% AVL 5.46 −5.4% NG 8.84 −9.0% ATY 0.220 −2.2% CN 0.125 −10.7% PMET 3.22 −4.2% ITH 1.99 −11.6% VMET 12.33 −6.9% ABX 56.41 −5.6% PUR 0.370 +8.8% SCY 0.085 +6.2% AUMN 0.300 +7.1%
Drill Results

New Age Metals Acquires 17,620 Ha Double R Gold Project Near the Kenora and Rainy River District, Northwestern Ontario

By The Northwire Desk — AI Analysis Feb 24, 2026 · 17:15 NAM · 0.41 New Age Metals Inc.
NAM · Price

Executive Summary

  • New Age Metals Inc. acquired and consolidated the Double R Gold Project in Ontario, adding 834 mining claims covering ~17,620 ha to its portfolio.
  • The land package is strategically located 35 km northwest of the Rainy River Mine and 17 km south of the Cameron Gold deposit, providing excellent access and infrastructure.
  • The company outlined a phased 2026 exploration program and announced the establishment of a Kenora field operations hub to support regional exploration activities.

Key Details

  • Acquisition Scope: 834 mining claims totaling ~17,620 ha (43,540 acres) in the Rainy River–Kenora gold district.
  • Strategic Location: ~35 km NW of Rainy River Mine; ~17 km S of Cameron Gold deposit; 70 km from new Kenora Field Office.
  • Infrastructure Access: Nearby Highway 71, logging roads, regional power infrastructure.
  • Historical Data Highlights:
  • Bulk till sampling (1990) reported up to 25 gold grains per sample.
  • Historical grab samples showed up to 1.7 g/t Au (selective).
  • Geological Setting: Underexplored Archean Wabigoon Subprovince greenstone belt with mafic‑to‑felsic metavolcanic rocks, quartz‑feldspar porphyry intrusions, and favorable structural features identified from airborne magnetic data.
  • Exploration Rationale: Prospective for high‑grade vein‑style mineralization and broader intrusion‑related gold systems; limited modern systematic work to date.
  • 2026 Exploration Program – Phase 1:
  • Compile & reinterpret existing geological, geochemical, and geophysical data.
  • Conduct regional geochemical sampling and targeted ground geophysics.
  • Integrate airborne datasets, LiDAR, and remote sensing for structural modeling.
  • 2026 Exploration Program – Phase 2 (contingent):
  • Infill geochemical sampling, detailed mapping, prospecting to ground‑truth anomalies.
  • Define drill‑ready targets based on Phase 1 results.
  • Kenora Field Operations Hub:
  • Leased office and core facility to support exploration across NW Ontario & Eastern Manitoba.
  • Functions include staff workspace, secure equipment/storage, core handling/logging, crew staging, community engagement coordination.
  • Open house scheduled for April 11, 2026; facility intended solely for exploration support (no processing).
  • Community Relations: Company will engage local First Nations and pursue collaborative partnerships consistent with responsible exploration practices.
  • Qualified Person: Troy Gallik, P.Geo., reviewed and approved the technical information under NI 43‑101.

Notable Quotes

“Northwestern Ontario continues to attract renewed investment and consolidation activity… Double R provides New Age Metals and our shareholders with exposure to a highly prospective gold district…” – Harry Barr, Chairman & CEO.

Read the original news release →

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