THUNDER BAY, ON, Aug. 11, 2020 /CNW/ - Clean Air Metals Inc.
("Clean Air Metals" or the "Company") (TSXV: AIR) (OTCQB:
CLRMF) is pleased to announce the appointment of
Nordmin Engineering Ltd. ("Nordmin") as the Technical
Services Provider for the Thunder Bay North Project located 50 km
northeast of Thunder Bay, Ontario.
For these purposes, the Thunder Bay North Project is the
amalgamation of an advanced stage exploration property (the
"Current Lake Deposit") and a delineation-stage asset (the "Escape
Lake Project") (previously described in a press release issued
July 15, 2020).
Scope of Work and Deliverables
Nordmin will provide the following items within its scope of
work:
Work Package 1 ("WP1") Resource validation
- Validate and approve the existing geological model and historic
estimate on the Current Lake Deposit.
- Supervise and approve the development of a preliminary
geological model of the Escape Lake Project in cooperation with the
Database Geologist and VP Project Manager.
- Supervise and approve the development of the drilling database
and preliminary resource model for the Escape Lake Project in
cooperation with Clean Air Metals' Database Geologist.
- Develop a global resource estimate for the Thunder Bay North
Project.
Work Package 2 ("WP2") Early Tradeoff Studies
The WP2 early trade-off studies for the Current Lake Deposit
will be conceptual in nature, at an order of magnitude that is
comparable to a scoping/PEA level of study. The principal
parameters for a conceptual study are mostly assumed and/or
factored. Accordingly, the level of accuracy is ± 35%. Nordmin will
incorporate risk, peer and environmental reviews, following the ESG
principles, into each of the following mining trade-off
studies:
- Underground Ramp Access
- UG Mining Method
- UG Geotechnical Review
- Metallurgical/Preliminary Flow Sheet Design
- Tailings Management Option Analysis and Initial Design
- Electric Vehicle Study
- Surface Works and Infrastructure Study
- Simplified, pre-tax cashflow analysis to be included in
applicable trade-off studies.
The Company is also very pleased to announce the appointment of
Thunder Bay North Project Manager Mr. Allan
MacTavish, M.Sc., P.Geo. as Vice-President, Project Manager
of Clean Air Metals Inc.
Mr. MacTavish is a specialist in PGE-Cu-Ni exploration and
obtained a B.Sc. (Honours) Degree in Geology from Laurentian University in 1977 and a M.Sc. Degree in
Geology from Lakehead University in
1992. He has been actively involved in the mineral exploration
industry since 1975 with various major and junior mining/mineral
exploration companies and has also worked as a Field Geoscientist
for the Ontario Geological Survey.
Allan was Exploration Manager, Canada for Magma Metals (Canada) Limited and its successor, Panoramic
PGMs (Canada) Limited, which is
now a wholly-owned subsidiary of Clean Air Metals, since
May 2007. He and his staff were
instrumental in bringing the Current Lake Pt-Pd-Cu-Ni deposit from
a newly discovered raw prospect to a well-defined, polymetallic,
magmatic sulphide deposit (now a Historic Estimate as described in
the July 15, 2020 press release).
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 Anishnabek,
signatories to the Robinson-Superior Treaty of 1850. Clean Air
Metals' wholly-owned subsidiary Panoramic PGMs (Canada) Ltd. is a signatory to a Communication
Protocol between the parties.
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 projections.
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SOURCE Clean Air Metals Inc.