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Clean Air Metals Inc. Announces Commencement of Trading and Phase 1 Drilling on the Escape Lake Intrusion at Thunder Bay North
Thunder Bay, Ontario--(Newsfile Corp. - May 22, 2020) - Clean Air Metals Inc. (TSXV: AIR) (" C...
About this update from Clean Air Metals, Inc.
[{"type":"text","content":"Clean Air Metals Inc. Announces Commencement of Trading and Phase 1 Drilling on the Escape Lake Intrusion at Thunder Bay NorthThunder Bay, Ontario--(Newsfile Corp. - May 22, 2020) - Clean Air Metals Inc. (TSXV: AIR) (\"Clean Air\" or the \"Company\") is pleased to announce that further to its press release of May 20 2020, effective at open today, trading in the common shares of Clean Air resumed on the TSX Venture Exchange (\"TSXV\") under the symbol \"AIR\". Clean Air is now listed on the TSXV as a Tier 2 \"Mining Issuer\" (as such term is defined in the policies of the TSXV).Clean Air is also pleased to announce that in conjunction with the commencement of trading today, May 22, 2020, the Company has initiated the Phase 1 10,000m diamond drilling campaign on the Escape Lake Intrusion portion of its Thunder Bay North Project, located 40 km northeast of Thunder Bay, Ontario Canada (Figure 1).Phase 1 drilling will consist of approximately 15-20 holes of 500-600m each, nominally on 50m centers is designed to test the Escape Lake High Grade Zone target discovered in 6 holes by the previous project Operator. The Company's QP is in the process of validating the historical drilling data at Escape Lake including relogging and resampling of selected core intercepts and performing QA/QC checks on original, certified analytical data. The target area is located at approximately 350-450m vertical depth and is open geologically. The objective of the program is to better define the full geological extent of the mineralized area as a precursor to future calculation of a mineral resource estimate.Abraham Drost, CEO of Clean Air Metals Inc. stated that, \"After completing a $15M financing in February, 2020 with a lead order by Mr. Eric Sprott, and on behalf of our Board of Directors led by Executive Chairman Jim Gallagher, former CEO of North American Palladium Ltd., and our technical and administrative team and shareholders, I am very gratified to be up and trading and commencing drill testing of the Escape Lake mineralized horizon. Mineralization at Thunder Bay North is preferentially enriched with the catalytic conversion pollution control metals palladium and platinum in a 1:1 ratio, with ancillary copper and nickel; metals powering the electric vehicle revolution.\"Allan MacTavish, M.Sc., P.Geo. (Ontario) and employee of Clean Air Metals In...