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Clean Air Metals Reports New Drill Results from both the Current Lake and Escape Lake Deposits of the Thunder Bay North Project including 76.7m of 5.67g/t PdEq with 21.0m of 9.98g/t PdEq
THUNDER BAY, ON, Sept. 7, 2021 /CNW/ - Clean Air Metals Inc. ("Clean Air Metals" or the "Company") (TSXV: AIR) (FRA: CKU) (OTCQB: CLRMF) is pleased to announce
About this update from Clean Air Metals, Inc.
[{"type":"text","content":" THUNDER BAY, ON, Sept. 7, 2021 /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 Thunder Bay North Project (the \"Project\"). Assay highlights (from Table 1) include: For the Escape Lake deposit: Hole ELR21-077 intersected 76.6m grading 5.67g/t Palladium Equivalents (PdEq)1 composed of 1.63g/t Platinum (Pt), 2.14g/t Palladium (Pd), 0.81% Copper (Cu), 0.41% Nickel (Ni) from 345.0m-421.6m downhole including 21.0m grading 9.98g/t PdEq composed of 2.97 g/t Platinum (Pt), 3.93g/t Palladium (Pd), 1.41% Copper (Cu), 0.68% Nickel (Ni) from 392.0m-413.0m downhole (Figure 1). The Escape Lake Deposit has been the focus of the majority of the drilling over the past 14 months. Since the maiden resource published in January 2021 of 505,369 ounces at 3.67 g/t PdEq in 4.28 million tonnes, the Clean Air Metals team has successfully expanded the size of the Escape South High Grade Zone and demonstrated approximately 700m of mineralization along trend. Hole ELR21-077 with its significant thickness and grade appears to further expand the edge of the Escape Lake High Grade Zone and demonstrates potential contribution of scale of the Escape Lake Deposit to the overall Thunder Bay North Project. An updated mineral resource for the Escape Lake Deposit is currently planned for Q1 2022. The Current Lake Deposit has a well-defined Indicated mineral resource of 1,328,789 PdEq ounces at a grade of 3.44 g/t PdEq in 11.99 million tonnes and is currently well advanced with a Preliminary Economic Assessment (PEA) study to be published in Q4 this year. The PEA-level mine stope optimization in the Beaver Lake Zone area of the Current Lake Deposit may be enhanced by the results of a recent infill drill program, including the following highlight results: Hole CL21-007 which intersected 13.49m grading 6.09 g/t PdEq composed of 2.79 g/t Platinum (Pt), 2.61g/t Palladium (Pd), 0.52% Copper (Cu) and 0.31% Nickel (Ni) from 140.2 – 153.7m downhole (Figure 2). Hole CL21-006 which intersected 14.83m grading 4.65 g/t PdEq composed of 1.92 g/t Platinum (Pt), 1.90g/t Palladium (Pd), 0.46% Copper (Cu) and 0.28% Nickel (Ni) from 152.2 – 167.0m downhole (Figure 2). Hole CL21-008 which intersected 20.0m grading 3....