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Clean Air Metals Reports Drilling Update from the Thunder Bay North Project and - Deep South Daily Copper News

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Clean Air Metals Reports Drilling Update from the Thunder Bay North Project and

October 6, 2021
in Stocks
Clean Air Metals Reports Drilling Update from the Thunder Bay North Project and
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THUNDER BAY, ON, Oct. 6, 2021 /CNW/ – Clean Air Metals Inc. (“Clean Air Metals” or the “Company“) (TSXV: AIR) (FRA: CKU) (OTCQB: CLRMF) is pleased to announce the appointment of Dr. Geoff Heggie, P.Geo. as Exploration Manager and a Qualified Person for the Company’s Thunder Bay North Project. Dr. Heggie replaces Mr. Allan MacTavish, M.Sc., P.Geo. who has retired from fulltime duties as Vice President, Project Manager, and will continue with the Company in a non-executive consulting capacity.

Dr. Heggie worked on the Thunder Bay North Project previously for 7 years. He earned his BSc in Geology at the University of Saskatchewan, his MSc at Lakehead University and his PhD at the University of Western Australia. Most recently with Noront Resources, Geoff is an expert in Ultramafic/Mafic magmatic systems. Previously as Senior Geologist at Noront, systematic integration of geology and geophysics by the Noront team was typified by the discovery of the McFaulds No. 8 VMS lenses of the Nikka deposit during Geoff’s tenure.

New assay results are from the drilling campaign presently underway at the Company’s Thunder Bay North Project (the “Project“). Assay highlights (from Table 1) include:

  • Hole ELR21-079 from the Escape Lake Deposit (Figure 1) which intersected 21.3m grading 4.80g/t Palladium Equivalents (PdEq)1 composed of 1.64g/t Platinum (Pt), 1.97g/t Palladium (Pd), 0.66% Copper (Cu), 0.23% Nickel (Ni) from 388.7m–410.0m downhole including 7.5m grading 6.80g/t PdEq composed of 2.46 g/t Platinum (Pt), 2.94g/t Palladium (Pd), 0.96% Copper (Cu), 0.26% Nickel (Ni) from 400.5m–408.0m downhole (Figure 1).

The Escape Lake Deposit has undergone systematic expansion drilling exceeding 27,000m since the maiden Indicated resource of 505,369 ounces PdEq1 (3.67 g/t PdEq in 4.28 million tonnes reported January 20, 2021).

The Current Lake Deposit 2.5km to the east (Figure 2) has a well-defined Indicated mineral resource of 1,328,789 PdEq1 ounces (3.44 g/t PdEq in 11.99 million tonnes) and is currently well advanced with a Preliminary Economic Assessment (PEA) study to be published in Q4-2021. The PEA-level mine stope optimization in the Beaver Lake Zone area of the Current Lake Deposit maybe enhanced by the results of a recent infill drill program, including the following highlight results:

  • Hole CL21-014 which intersected 18.0m grading 3.10 g/t PdEq1 composed of 1.36 g/t Platinum (Pt), 1.28g/t Palladium (Pd), 0.24% Copper (Cu) and 0.20% Nickel (Ni) from 127.5 – 145.5m downhole including 5.10m grading 5.90 g/t PdEq composed of 2.77 g/t Platinum (Pt), 2.72g/t Palladium (Pd), 0.43% Copper (Cu) and 0.28% Nickel (Ni) from 140.4m – 145.5m downhole

  • Hole CL21-015 which intersected 12.0m grading 7.90 g/t PdEq1 composed of 3.67 g/t Platinum (Pt), 3.31g/t Palladium (Pd), 0.75% Copper (Cu) and 0.38% Nickel (Ni) from 144.0 – 156.0m downhole including 8.0m grading 10.4 g/t PdEq composed of 4.92 g/t Platinum (Pt), 4.45g/t Palladium (Pd), 0.98% Copper (Cu) and 0.46% Nickel (Ni) from 144.0m – 152.0m downhole

Mineral resource endowment and palladium-equivalents are quoted pursuant to the Technical Report and Mineral Resource Estimate for the Thunder Bay North Project, Thunder Bay, Ontario, with an effective date of January 20, 2021 (the “Technical Report“). The Technical Report was posted to SEDAR March 4, 2021 and prepared by Nordmin Engineering Ltd.- QP Glen Kuntz, P.Geo. Ontario.

Update on Metallurgy and PEA

Metallurgical optimization studies continue with Blue Coast Research of British Columbia. The results of the metallurgical studies on drill core-derived bulk sample material and independent analysis of smelter recoveries and smelter payables are expected to input directly into a Preliminary Economic Assessment (PEA) mine cash flow model planned for publication in early Q4/2021.

Abraham Drost, CEO of Clean Air Metals stated that “we are very pleased to welcome Dr. Geoff Heggie to the Clean Air Metals team. Geoff’s prior experience at the Thunder Bay North Project with predecessor companies and his innate expertise in magmatic systems gained in a variety of geological settings is accretive to the team. We look forward with Geoff and team to unlocking the full potential of the Escape and Current chonolith deposits and locating the source of high-grade massive sulphide occurrences within the system.

We are grateful to Al MacTavish for his 14-year tenure with the Project and his considerable contributions from early discovery to present. We are pleased that, although stepping back to enjoy time with family and lead geology field trips to exotic locales like Iceland and Hawaii, Al has agreed to continue on a consulting basis to work on geological studies relevant to exploration of the Thunder Bay North Project.

The Company is looking forward to publication of a PEA in Q4/21. As with the mineral resource estimate published in March 2021, the PEA will be based on a ramp-access underground mine model constraining the existing mineral resource. In addition to the Current Lake Deposit, the potential to add scale to the Thunder Bay North Project with future feed from the Escape Lake Deposit is potentially accretive to the project.”

Hole ID

From,
m

To,
m

Length,
m

Pt+Pd
(g/t)

Cu+Ni
(%)

Pt
(g/t)

Pd
(g/t)

Cu
(%)

Ni
(%)

PdEq

ELR21-079

388.70

410.00

21.30

3.61

0.90

1.64

1.97

0.66

0.23

4.78

**incl.

400.50

408.00

7.50

5.39

1.21

2.46

2.94

0.96

0.26

6.79

CL21-011

130.50

132.50

2.00

1.01

0.27

0.53

0.48

0.11

0.17

1.53

CL21-011

140.50

148.50

8.00

1.50

0.40

0.78

0.72

0.19

0.21

2.18

CL21-011

152.50

166.50

14.00

1.41

0.40

0.73

0.67

0.18

0.22

2.13

CL21-011

170.50

172.50

2.00

1.19

0.35

0.63

0.56

0.14

0.21

1.85

CL21-012

129.20

153.20

24.00

1.69

0.38

0.88

0.81

0.19

0.19

2.27

CL21-012

163.20

167.20

4.00

1.46

0.35

0.76

0.70

0.16

0.19

2.06

CL21-012

177.20

181.20

4.00

1.52

0.39

0.78

0.74

0.18

0.21

2.19

CL21-013

132.00

158.00

26.00

2.35

0.50

1.23

1.12

0.27

0.24

3.06

CL21-013

162.00

164.00

2.00

1.22

0.33

0.64

0.58

0.14

0.20

1.85

CL21-013

174.00

182.00

8.00

2.04

0.52

1.05

0.99

0.26

0.26

2.87

CL21-013

190.00

192.00

2.00

1.42

0.51

0.71

0.71

0.26

0.25

2.34

CL21-014

127.50

145.50

18.00

2.64

0.44

1.36

1.28

0.24

0.20

3.12

**incl.

140.35

145.50

5.15

5.49

0.71

2.77

2.72

0.43

0.28

5.94

CL21-015

144.00

156.00

12.00

6.97

1.13

3.67

3.31

0.75

0.38

7.88

**incl.

144.00

152.00

8.00

9.37

1.43

4.92

4.45

0.98

0.46

10.36

CL21-015

158.00

160.00

2.00

1.01

0.34

0.51

0.50

0.15

0.19

1.67

CL21-015

164.00

168.00

4.00

1.20

0.42

0.63

0.57

0.22

0.21

1.97

CL21-016

133.00

139.00

6.00

1.69

0.35

0.87

0.82

0.18

0.17

2.19

CL21-016

143.00

151.00

8.00

1.48

0.40

0.79

0.69

0.20

0.21

2.16

CL21-016

153.00

155.00

2.00

1.25

0.36

0.66

0.58

0.16

0.20

1.89

CL21-016

159.00

163.00

4.00

1.13

0.38

0.62

0.52

0.16

0.21

1.85

CL21-016

167.00

169.00

2.00

1.26

0.40

0.68

0.58

0.18

0.22

2.01

CL21-016

173.00

179.00

6.00

1.53

0.36

0.81

0.71

0.15

0.21

2.15

CL21-016

181.00

183.00

2.00

1.15

0.34

0.62

0.53

0.13

0.21

1.79

CL21-016

204.00

207.73

3.73

1.77

0.79

0.96

0.81

0.43

0.36

3.16

CL21-017

150.00

164.00

14.00

1.30

0.30

0.68

0.62

0.13

0.17

1.81

CL21-018

133.00

138.00

5.00

2.61

0.55

1.31

1.29

0.33

0.22

3.33

CL21-018

144.00

146.00

2.00

2.05

0.40

1.09

0.96

0.18

0.22

2.64

CL21-018

153.00

190.00

37.00

2.12

0.54

1.10

1.02

0.28

0.27

2.98

Note:

1)

All intercepts are estimated to be 95% of true width based on drill hole inclination

2)

Mineralized intervals calculated at 1 ppm Pt+Pd cutoff

Please see the link below for Figures 1 and 2.

Figure 1: 2021 Drill Hole Intercepts in the Escape Lake Deposit Area – Link (Click Here)

Figure 2: 2021 Drill Hole Intercepts in the Current Lake Deposit Area – Link (Click Here)

COVID Policy

Clean Air Metals has adopted COVID-19 avoidance and personal protection measures for its geological staff, drilling contractor and service suppliers. Personnel are required to maintain physical distance, use Personal Protective Equipment (PPE), self-monitor and self-isolate or elect to work from home. The Company is aware of Thunder Bay Health Unit guidelines that provide for “mandatory” self-isolation for returning overseas travel. The guidelines also “strongly recommend” self- monitoring and self-isolation as needed after travel into the Northwest region from other areas of the province and interprovincially. Mineral Exploration and Development has been deemed an essential service in the Province of Ontario (http://www.netnewsledger.com/2020/03/23/ontario-covid-19-business-allowed-to-remain-open-list-march-23-2020/ ).

Qualified Person

Dr. Geoff Heggie, Ph.D., P.Geo., a Qualified Person under National…



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