THUNDER BAY, ON, March 8, 2021 /CNW/ - Clean Air Metals
Inc. ("Clean Air Metals" or the "Company") (TSXV: AIR)
(OTCQB: CLRMF) (FRA: CKU) is pleased to announce that, further to
its news release dated January 20,
2021, the Company has filed a technical report detailing the
Mineral Resource estimate for the Thunder Bay North Project near
Thunder Bay, Ontario.
The technical report was independently prepared for Clean Air
Metals by Nordmin Engineering Ltd. The report, titled "NI 43-101
TECHNICAL REPORT AND MINERAL RESOURCE ESTIMATE FOR THE THUNDER BAY NORTH PROJECT, THUNDER BAY, ONTARIO" has been filed on
the Company's profile on SEDAR at www.sedar.com as at
March 4, 2021 and is available on
Clean Air Metals' website at www.cleanairmetals.ca.
About Clean Air Metals Inc.
Clean Air Metals' flagship asset is the 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
Holdings. 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 conduit structure to the Current Lake
Deposit. Executive Chairman Jim Gallagher, P.Eng. and
CEO Abraham Drost, P.Geo. lead an experienced team of
geologists and engineers who are using the Norilsk magma conduit
stratigraphic and mineral deposit model to guide ongoing
exploration and development studies.
Social License
Clean Air Metals Inc. and its wholly-owned subsidiary Panoramic
PGMs (Canada) Ltd. acknowledge
that the Thunder Bay North Project is on the traditional
territories of the Fort William First Nation, Red Rock First Nation and Biinjitiwabik Zaaging
Anishinabek. The parties together are the Cooperating Participants
in a Memorandum of Agreement dated January
9, 2021 (reported January 11,
2021).
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.
View original
content:http://www.prnewswire.com/news-releases/clean-air-metals-files-mineral-resource-technical-report-for-the-thunder-bay-north-property-on-sedar-301242073.html
SOURCE Clean Air Metals Inc.