THUNDER BAY, ON, Dec. 7, 2020 /CNW/ - Clean Air Metals Inc.
("Clean Air Metals" or the "Company") (TSXV:
AIR) (FRA: 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 six holes drilled hit the mineralized zone and include the
following highlights:
- Hole ELR20-028 intersected 83.3m of 1.91g/t Palladium (Pd), 1.47g/t Platinum
(Pt), 0.73% Copper (Cu) and 0.40% Nickel (Ni) from 350.8 -
434.1m downhole. A higher-grade
intercept included within this interval returned 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. This intercept marks
another step out 50m southeast on the
intriguing wider "sail" of mineralization showing substantial
breadth along a structure that the Company will seek to further
outline to the southeast and northwest.
- Hole ELR20-029 intersected 20m
of 1.43g/t Palladium (Pd), 1.17g/t Platinum (Pt), 0.48% Copper (Cu)
and 0.30% Nickel (Ni) from 363.9 - 383.9m downhole located 200m northwest of the original discovery
area.
- Hole ELR20-032 intersected 8.9m of 3.88g/t Palladium (Pd), 2.77g/t Platinum
(Pt), 1.32% Copper (Cu) and 0.70% Nickel (Ni) from 395.1m - 404.0m
downhole. This intercept was drilled on the southeastern edge of
the Escape Lake deposit, an area now being drill tested
50m to the southeast along the Escape
Lake Fault on a continuous low resistivity, elevated conductivity
corridor incorporating the Escape Lake high grade zone to the
southeast, identified in new magnetotelluric data (Figure 2).
Notable results from all holes, ELR20-027, -028, -029, -030,
-032, -033 (Table 1), in the Escape Lake Intrusion portion of the
Project ("Escape Lake"), complement those previously
announced on October 29, 2020 (Table
2; Figure 1).
Abraham Drost, CEO of Clean
Air Metals stated that "The new results continue to
confirm the dimensions and also extend the Escape Lake Deposit
which remains open to the northwest and southeast. The Escape Lake
Deposit has the potential to add significant tonnage in addition to
the already well-defined Current Lake deposit where we are
completing an updated mineral resource evaluation by Nordmin
Engineering to be completed in early Q1 of 2021 as previously
reported. The advanced exploration Escape Lake magma conduit trend
is also expected to add resource material to the Nordmin
calculation. The roughly 20,000m of
drilling into the Escape Lake high grade zone discovery area since
the onset of trading on May 22, 2020
is a remarkable accomplishment by the Clean Air Metals technical
team.
The Current Lake Deposit is being evaluated by Nordmin
Engineering as a ramp accessible, underground high-grade selective
extraction operation as envisioned by Clean Air Metals'
Executive Chairman and former CEO of North American Palladium, Mr.
Jim Gallagher."
Table 1: New 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
(%)
|
|
ELR20-033
|
AIR
|
363.0
|
372.0
|
9.0
|
2.14
|
0.68
|
0.92
|
1.22
|
0.46
|
0.23
|
|
ELR20-033
|
AIR
|
400.7
|
405.2
|
4.5
|
2.26
|
0.89
|
0.96
|
1.30
|
0.50
|
0.39
|
|
*ELR20-032
|
AIR
|
395.1
|
404.0
|
8.9
|
6.65
|
2.02
|
2.77
|
3.88
|
1.32
|
0.70
|
|
*ELR20-030
|
AIR
|
393.1
|
404.1
|
11.0
|
4.39
|
1.04
|
1.98
|
2.41
|
0.79
|
0.25
|
|
incl.
|
397.1
|
401.1
|
4.0
|
5.31
|
1.19
|
2.41
|
2.90
|
0.94
|
0.25
|
|
ELR20-029
|
AIR
|
363.9
|
383.9
|
20.0
|
2.60
|
0.78
|
1.17
|
1.43
|
0.48
|
0.30
|
|
ELR20-029
|
AIR
|
389.2
|
401.8
|
12.6
|
1.99
|
0.65
|
0.93
|
1.06
|
0.43
|
0.22
|
|
ELR20-028
|
AIR
|
350.8
|
434.1
|
83.3
|
3.38
|
1.14
|
1.47
|
1.91
|
0.73
|
0.41
|
|
**incl.
|
395.0
|
434.2
|
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
|
|
ELR20-028
|
AIR
|
440.4
|
447.4
|
7.0
|
2.34
|
0.83
|
1.05
|
1.29
|
0.58
|
0.26
|
|
ELR20-027
|
AIR
|
296.6
|
299.6
|
3.0
|
1.36
|
0.54
|
0.58
|
0.78
|
0.32
|
0.22
|
• All intercepts are estimated to be >95% of true width based
on drill hole inclination
• Mineralized intervals calculated at 1 ppm Pt+Pd cutoff
* Partial "Rush" assay interval
** Previously reported composite assay interval
on October 29, 2020 on a Rush
basis
Table 2: Previous Assay Results – 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
(%)
|
|
ELR20-025
|
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
|
|
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
Figure 1: Updated Escape Lake Drill Plan,
Thunder Bay North Project
Figure 2: Georeferenced Magnetotelluric Target
Trend Southeast of Escape Lake High Grade Zone
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, including statements regarding the potential of the
Thunder Bay North Project and the Escape Lake and Current Lake
deposits and timing of technical studies and mineral resource
estimates. 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.