THUNDER BAY, ON, Oct. 29, 2020 /CNW/ - Clean Air Metals Inc.
("Clean Air Metals" or the "Company") (TSXV: AIR)
(DB: CKU) (OTCQB: CLRMF) is pleased to announce new assay results
from the drilling campaign currently underway at the Company's
100%-owned Thunder Bay North Project (the "Project").
All seven holes drilled hit the mineralized zone and include the
following highlights:
- From Hole ELR20-020 which intersected 20.0m of 2.62 g/t Palladium (Pd), 2.02g/t
Platinum (Pt), 0.88% Copper (Cu) and 0.45% Nickel (Ni) from
391.7-411.7m downhole. A higher-grade
intercept included within this interval returned 6.0m of 3.72 g/t Palladium (Pd), 2.65 g/t
Platinum (Pt), 1.25% Copper (Cu) and 0.87% Nickel (Ni) from
392.7-398.7m downhole.
- From Hole ELR20-022 which intersected 23.6m of 2.82 g/t Palladium (Pd), 2.18 g/t
Platinum (Pt), 0.96% Copper (Cu) and 0.50% Nickel (Ni) from
386.5-410.0m downhole. A higher-grade
intercept included within this interval returned 9.6m of 3.93 g/t Palladium (Pd), 3.05 g/t
Platinum (Pt), 1.31% Copper (Cu) and 0.67% Nickel (Ni) from
392.2-401.8m downhole.
- From Hole ELR20-025 which intersected 98.9m of 1.89g/t Palladium (Pd), 1.40g/t Platinum
(Pt), 0.69% Copper (Cu) and 0.35% Nickel (Ni) from 324.4m-423.25m
downhole. This intercept represents the broadest mineralized
intercept to-date in the Escape Lake mineralized system. A
higher-grade intercept included within this interval returned
19.2m of 4.09g/t Pd, 2.90g/t Pt,
1.42% Cu and 0.75% Ni from 392.5m-411.8m
downhole.
- Hole ELR20-28 also assayed 39.2m of 1.94g/t Palladium (Pd), 1.60g/t Platinum
(Pt), 0.99% Copper (Cu) and 0.61% Nickel (Ni) from 395.0m-434.1m
downhole, including 21.7m of
3.70g/t Palladium (Pd), 2.69g/t Platinum (Pt), 1.40% Copper (Cu)
and 0.89% Nickel (Ni) from 398.1-419.8m downhole.
Notable results from all holes, ELR20-019, -020, -021, -022,
-023, -025 and -028 in the Escape Lake Intrusion portion of the
Project ("Escape Lake"), complement those previously
announced on June 17, June 29, July 15,
August 20 and September 30, 2020 (Table 1; Figure 1). As a
result of the encouraging results from the program so far, the
Company is extending the program by 10,000m that will increase the present drill
program to 30,000m at Thunder Bay
North.
The additional drilling will include increased diameter HQ drill
bulk sampling in 10 short holes for pilot scale metallurgical bench
testing purposes at the Current Lake deposit, under the supervision
of Nordmin Engineering ("Nordmin") (as announced
August 11-20). Clean Air Metals has
also generated several discrete, low resistivity, high conductivity
anomalies from the recent magnetotelluric survey in the Current
Lake and Escape Lake intrusion feeder zone areas, which it intends
to drill test.
Abraham Drost, CEO of Clean Air
Metals stated that "the new results continue to confirm dimensions
and extend the Escape Lake deposit that remains open to the
northwest and southeast. This has implications for upside tonnage
potential as part of the upcoming mineral resource evaluation by
Nordmin Engineering at both the Current Lake and Escape Lake
deposits. The Current Lake Deposit is being evaluated by Nordmin as
a ramp accessible, underground high-grade selective extraction
operation. The Escape Lake magma conduit is being looked at a
potential future source of feed. With the emerging greenfields
exploration play being generated with magnetotelluric survey
techniques, the Thunder Bay North asset is quickly becoming a
"three in one" project situation with a number of possibilities to
increase shareholder value (Figure 2)."
Table 1: Assay Results Update – Escape Lake
Zone, Thunder Bay North
Hole
ID
|
Company
|
From,
m
|
To,
m
|
Length,
m
|
Pt+Pd
(g/t)
|
Cu+Ni
(%)
|
Pt
(g/t)
|
Pd
(g/t)
|
Cu (%)
|
Ni
(%)
|
ELR20-028
|
AIR
|
395.0
|
434.1
|
39.2
|
4.55
|
1.60
|
1.94
|
2.61
|
0.99
|
0.61
|
|
incl.
|
398.1
|
419.8
|
21.7
|
6.38
|
2.29
|
2.69
|
3.70
|
1.40
|
0.89
|
ELR20-025
|
AIR
|
324.4
|
423.3
|
98.9
|
3.29
|
1.04
|
1.40
|
1.89
|
0.69
|
0.35
|
|
incl.
|
392.5
|
411.8
|
19.2
|
6.99
|
2.17
|
2.90
|
4.09
|
1.42
|
0.75
|
ELR20-023
|
AIR
|
291.4
|
293.4
|
2.0
|
1.31
|
0.48
|
0.57
|
0.74
|
0.29
|
0.19
|
ELR20-023
|
AIR
|
298.4
|
335.4
|
37.0
|
1.74
|
0.55
|
0.77
|
0.96
|
0.35
|
0.20
|
ELR20-023
|
AIR
|
348.4
|
355.4
|
7.0
|
2.10
|
0.69
|
0.95
|
1.15
|
0.43
|
0.25
|
ELR20-022
|
AIR
|
386.5
|
410.0
|
23.6
|
5.00
|
1.46
|
2.18
|
2.82
|
0.96
|
0.50
|
|
incl.
|
392.2
|
401.8
|
9.6
|
6.99
|
1.98
|
3.05
|
3.93
|
1.31
|
0.67
|
ELR20-022
|
AIR
|
415.6
|
419.7
|
4.1
|
1.78
|
0.55
|
0.81
|
0.98
|
0.38
|
0.17
|
ELR20-021
|
AIR
|
327.0
|
329.0
|
2.0
|
1.01
|
0.36
|
0.45
|
0.56
|
0.17
|
0.20
|
ELR20-021
|
AIR
|
364.2
|
368.2
|
4.0
|
2.89
|
0.85
|
1.34
|
1.54
|
0.59
|
0.26
|
ELR20-020
|
AIR
|
317.2
|
321.2
|
4.0
|
1.50
|
0.52
|
0.63
|
0.86
|
0.33
|
0.19
|
ELR20-020
|
AIR
|
337.2
|
339.2
|
2.0
|
1.30
|
0.47
|
0.54
|
0.76
|
0.27
|
0.20
|
ELR20-020
|
AIR
|
391.7
|
411.7
|
20.0
|
4.64
|
1.33
|
2.02
|
2.62
|
0.88
|
0.45
|
|
incl.
|
392.7
|
398.7
|
6.0
|
6.37
|
2.12
|
2.65
|
3.72
|
1.25
|
0.87
|
ELR20-019
|
AIR
|
379.9
|
385.4
|
5.5
|
2.65
|
0.78
|
1.18
|
1.47
|
0.45
|
0.33
|
Legend
|
Green Cells Indicate
New Results
|
|
- All intercepts are estimated to be >95% of
true width based on drill hole inclination
- Mineralized intervals calculated at 1 ppm
Pt+Pd cutoff
|
Table 1: Assay Results Update – Escape Lake
Zone, Thunder Bay North (Continued)
Hole
ID
|
Company
|
From,
m
|
To,
m
|
Length,
m
|
Pt+Pd
(g/t)
|
Cu+Ni
(%)
|
Pt (g/t)
|
Pd
(g/t)
|
Cu
(%)
|
Ni
(%)
|
ELR20-018
|
AIR
|
388.7
|
404.5
|
15.8
|
3.77
|
0.93
|
1.72
|
2.06
|
0.70
|
0.23
|
|
incl.
|
399.7
|
403.5
|
3.8
|
5.42
|
1.19
|
2.46
|
2.96
|
0.98
|
0.21
|
ELR20-017
|
AIR
|
386.9
|
395.9
|
9.0
|
1.93
|
0.59
|
0.88
|
1.05
|
0.37
|
0.22
|
ELR20-015
|
AIR
|
393.0
|
403.0
|
10.0
|
4.29
|
1.02
|
1.97
|
2.33
|
0.79
|
0.23
|
|
incl.
|
397.0
|
401.0
|
4.0
|
5.59
|
1.29
|
2.55
|
3.03
|
1.01
|
0.27
|
ELR20-014
|
AIR
|
377.0
|
379.0
|
2.0
|
1.28
|
0.37
|
0.22
|
0.16
|
0.60
|
0.69
|
ELR20-013A
|
AIR
|
375.8
|
378.8
|
3.0
|
1.45
|
0.52
|
0.63
|
0.83
|
0.33
|
0.19
|
ELR20-012
|
AIR
|
385.7
|
399.7
|
14.0
|
3.85
|
1.10
|
1.72
|
2.13
|
0.75
|
0.35
|
ELR20-012
|
AIR
|
493.0
|
495.0
|
2.0
|
1.10
|
0.59
|
0.53
|
0.57
|
0.30
|
0.29
|
ELR20-011
|
AIR
|
389.7
|
414.7
|
25.0
|
3.54
|
0.93
|
1.58
|
1.97
|
0.64
|
0.28
|
|
incl.
|
403.7
|
408.7
|
5.0
|
5.23
|
1.18
|
2.36
|
2.87
|
0.91
|
0.27
|
ELR20-010
|
AIR
|
377.3
|
391.3
|
14.0
|
2.73
|
0.71
|
1.27
|
1.46
|
0.52
|
0.19
|
ELR20-009
|
AIR
|
368.6
|
372.6
|
4.0
|
3.04
|
1.12
|
1.23
|
1.81
|
0.67
|
0.44
|
ELR20-009
|
AIR
|
555.9
|
557.9
|
2.0
|
1.08
|
0.52
|
0.51
|
0.57
|
0.26
|
0.26
|
ELR20-008
|
AIR
|
326.8
|
422.8
|
96.0
|
2.85
|
0.95
|
1.22
|
1.63
|
0.61
|
0.34
|
|
incl.
|
391.8
|
409.8
|
18.0
|
5.49
|
1.93
|
2.29
|
3.20
|
1.17
|
0.76
|
ELR20-007
|
AIR
|
388.5
|
421.0
|
32.5
|
3.85
|
1.10
|
1.69
|
2.16
|
0.75
|
0.35
|
|
incl.
|
396.5
|
406.5
|
10.0
|
5.93
|
1.56
|
2.62
|
3.31
|
1.09
|
0.47
|
ELR20-006
|
AIR
|
372.1
|
388.1
|
16.0
|
2.96
|
0.75
|
1.37
|
1.59
|
0.55
|
0.20
|
ELR20-005
|
AIR
|
386.7
|
424.7
|
38.0
|
4.28
|
1.55
|
1.82
|
2.46
|
0.92
|
0.63
|
|
incl.
|
391.7
|
410.7
|
19.0
|
6.31
|
2.40
|
2.62
|
3.68
|
1.40
|
1.00
|
ELR20-005
|
AIR
|
427.7
|
432.7
|
5.0
|
1.87
|
0.70
|
0.84
|
1.03
|
0.43
|
0.27
|
ELR20-005
|
AIR
|
464.7
|
466.7
|
2.0
|
1.02
|
0.42
|
0.48
|
0.54
|
0.23
|
0.19
|
ELR20-005
|
AIR
|
468.7
|
480.7
|
12.0
|
1.86
|
0.68
|
0.86
|
1.00
|
0.43
|
0.25
|
ELR20-004
|
AIR
|
391.6
|
424.5
|
32.9
|
7.49
|
2.36
|
3.16
|
4.33
|
1.55
|
0.81
|
|
incl.
|
391.6
|
419.5
|
27.9
|
8.06
|
2.57
|
3.39
|
4.67
|
1.67
|
0.90
|
ELR20-004
|
AIR
|
427.8
|
436.1
|
8.3
|
2.54
|
0.93
|
1.11
|
1.43
|
0.57
|
0.36
|
ELR20-004
|
AIR
|
466.9
|
491.4
|
24.5
|
3.26
|
1.22
|
1.50
|
1.77
|
0.81
|
0.41
|
|
incl.
|
471.4
|
476.4
|
5.0
|
5.58
|
1.96
|
2.54
|
3.04
|
1.30
|
0.66
|
ELR20-003
|
AIR
|
345.5
|
355.5
|
10.0
|
2.03
|
0.65
|
0.90
|
1.12
|
0.44
|
0.20
|
ELR20-003
|
AIR
|
359.5
|
438.4
|
78.9
|
3.84
|
1.20
|
1.66
|
2.17
|
0.80
|
0.41
|
|
incl.
|
395.5
|
415.5
|
20.0
|
7.78
|
2.38
|
3.30
|
4.49
|
1.54
|
0.84
|
ELR20-002
|
AIR
|
386.2
|
416.2
|
30.0
|
4.76
|
1.45
|
2.07
|
2.69
|
0.96
|
0.49
|
|
incl.
|
391.2
|
402.2
|
11.0
|
7.50
|
2.30
|
3.23
|
4.27
|
1.52
|
0.78
|
|
- All intercepts are estimated to be >95% of
true width based on drill hole inclination
- Mineralized intervals calculated at 1 ppm
Pt+Pd cutoff
|
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. Management had previously
eliminated plans for a camp setup to service a planned diamond
drill campaign on the Escape Lake Project. 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/
). The Company has procured the services of a locally staffed and
serviced diamond drilling contractor to complete the diamond
drilling program.
Qualified Person
Mr. Allan MacTavish, P.Geo. a
Qualified Person under National Instrument 43-101 and VP, Project
Manager of the Company, has reviewed and approved all technical
information in this press release.
Social Engagement
Clean Air Metals and its wholly-owned subsidiary Panoramic PGMs
(Canada) Ltd. acknowledge that the
Escape Lake and Thunder Bay North Properties are on the traditional
territories of the Fort William First Nation, Red Rock First Nation and Biinjitiwabik Zaaging
Anishinabek, signatories to the Robinson-Superior Treaty of 1850.
The parties have entered into a Communication Protocol and are
committed to ongoing updates and dialogue around the Thunder Bay
North Project.
About Clean Air Metals Inc.
Clean Air Metals' flagship asset is the 100% owned, high grade
Thunder Bay North Project, a platinum, palladium, copper, nickel
project located near the City of Thunder
Bay, Ontario and the Lac des Iles Mine owned by Impala
Platinum. The Clean Air Metals project hosts the Current Lake
deposit and magma conduit and the Company is actively exploring the
Escape Lake deposit, a twin structure to the Current Lake deposit.
Executive Chairman Jim Gallagher and
CEO Abraham Drost lead an
experienced team of explorers, researchers and engineers who are
using the Norilsk magma conduit stratigraphic and mineral deposit
model to guide ongoing exploration and development studies. As the
former CEO of North American Palladium Ltd. which owned the Lac des
Iles Mine prior to the sale to Impala Platinum in December 2019, Jim
Gallagher and team are credited with the mine turnaround and
creation of significant value for shareholders.
ON BEHALF OF THE BOARD OF DIRECTORS
"Abraham
Drost"
Abraham Drost, Chief Executive
Officer of Clean Air Metals Inc.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Cautionary Note
The information contained herein contains "forward-looking
statements" within the meaning of applicable securities
legislation. Forward-looking statements relate to information that
is based on assumptions of management, forecasts of future results,
and estimates of amounts not yet determinable. Any statements that
express predictions, expectations, beliefs, plans, projections,
objectives, assumptions or future events or performance are not
statements of historical fact and may be "forward-looking
statements." Forward-looking statements are subject to a variety of
risks and uncertainties which could cause actual events or results
to differ from those reflected in the forward-looking statements,
including, without limitation: political and regulatory risks
associated with mining and exploration; risks related to the
maintenance of stock exchange listings; risks related to
environmental regulation and liability; the potential for delays in
exploration or development activities or the completion of
feasibility studies; the uncertainty of profitability; risks and
uncertainties relating to the interpretation of drill results, the
geology, grade and continuity of mineral deposits; risks related to
the inherent uncertainty of production and cost estimates and the
potential for unexpected costs and expenses; results of
prefeasibility and feasibility studies, and the possibility that
future exploration, development or mining results will not be
consistent with the Company's expectations; risks related to
commodity price fluctuations; and other risks and uncertainties
related to the Company's prospects, properties and business
detailed elsewhere in the Company's disclosure record. Should one
or more of these risks and uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary
materially from those described in forward-looking statements.
Investors are cautioned against attributing undue certainty to
forward-looking statements. These forward-looking statements are
made as of the date hereof and the Company does not assume any
obligation to update or revise them to reflect new events or
circumstances, except in accordance with applicable securities
laws. Actual events or results could differ materially from the
Company's expectations or projection.
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SOURCE Clean Air Metals Inc.