Clean Air Metals Announces Positive Results from Innovative Seismic Survey at the Escape Deposit Down-Plunge Extension
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Clean Air Metals Announces Positive Results
from Innovative Seismic Survey at the Escape
Deposit Down-Plunge Extension
Thunder Bay, ON, November 21, 2024 – Clean Air Metals Inc. (“Clean Air Metals” or
the “Company”) (TSX.V: AIR; FRA: CKU; OTCQB: CLRMF) is pleased to announce the
results of its Ambient Noise Tomography (“ANT”) Survey conducted over the Escape
conduit during the summer of 2024. The survey corroborated a potential one-kilometer
down-plunge extension of the deposit. It highlighted possible high-grade target areas
that will be evaluated with additional geophysics in 2025 in anticipation of a future
drilling program.
The Escape intrusion is a key contributor to the Thunder Bay North (“TBN”) Project,
representing approximately 40% of the total metal content of the estimated 14 million
tonnes indicated resource (NI 43-101 technical report on the Thunder Bay North Project,
Ontario, Canada, SLR Consulting Canada Ltd, June 19, 2023) containing 2.4 million
equivalent ounces of platinum. The ANT survey was designed to define the untested
southern extension of the Escape intrusion, which seems to extend for more than 2 km
along strike, as outlined by the magnetic data (Figure 1).
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Figure 1. Airborne total magnetic intensity map with wireframes of Escape and Current
conduits as determined from drilling. The Escape grid with seismic sensors is shown in
white.
Clean Air Metals’ VP of Exploration, Lionnel Djon, commented, “The ANT survey has
proven invaluable tool for exploring conduits at the Thunder Bay North Complex. By
measuring velocity changes between rock formations, we can more accurately image
the potential location of conduits hosting PGE sulphide mineralization. These results will
enable us to target our drilling with significantly greater precision, which is incredibly
promising for the project's future.”
Ambient Noise Tomography Survey (ANT)
The ANT survey is a passive seismic technique that utilizes naturally occurring ambient
noise, such as ocean wave activity, wind, human activities, and atmospheric
disturbances, to generate seismic waves. By analyzing these waves, ANT creates
detailed images of the subsurface, providing valuable geological insights. The velocity
model for the Escape Lake grid is presented in Figure 2.
Survey Interpretation
The velocity model reveals a significant negative velocity anomaly around the Escape
and Current conduits at a depth of 160 metres. This anomaly extends persistently along
the strike of the Escape conduit, reaching depths of up to 700 metres in the southern
part of the Escape Fault. This suggests the potential for extending the Escape conduit
along the southeast axis at varying depths. The observed velocity decrease in the
southern section of the Escape Lake Fault partially aligns with the magnetic inversion
model. Notably, where negative velocity anomalies coincide with positive magnetic
anomalies, the possible location of the conduit is highlighted.
Next Steps
Clean Air Metals will conduct a follow-up program next summer involving a detailed
deep electromagnetic survey across the southern extension of the Escape deposit.
This will aim to map the larger sulphide traps within the mineralized conduit. The
results from this survey will guide the next phase of drilling, which will focus on
identifying new high-grade zones and potentially expanding the resource estimate
within the Escape Lake Intrusion.
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Figure 2. Horizontal sections at 160 m and 510 m depths show the velocity model
(top) and the corresponding anomalies (bottom). At 160 m depth, areas of lower
velocity are observed around the Escape and Current conduits, demonstrating the
model's ability to detect these conduits. At 510 m depth, both lower velocity zones and
negative velocity anomalies are observed along the direction of the Escape conduit,
detectable down to approximately 700 m depth. This indicates the potential down-
plunge extension of the Escape conduit.
Qualified Person
Dr. Lionnel Djon, Ph.D., P.Geo., a Qualified Person under National Instrument 43-101
and Vice President of Exploration for the Company, has reviewed and approved all
technical information in this press release.
About Clean Air Metals
Clean Air Metals is a development and exploration company advancing its flagship,
100% owned Thunder Bay North Critical Minerals (“TBN”) project, 40 km northeast of
Thunder Bay, Ontario. The TBN project, accessible by road and next to established
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infrastructure, hosts two (2) deposits - the Current and Escape deposits, only 2.5 km
apart. Together, the deposits host a 13.8 Mt indicated mineral resource containing
2.4M Pt eq. oz (Technical Report on the Thunder Bay North Project, Ontario Canada,
NI43-101, SLR Consulting Canada Ltd, June 19, 2023) with significant potential for
expansion down-plunge.
One of the rare primary platinum resources outside of South Africa, the TBN project is
in a stable and mining-friendly jurisdiction and benefits from longstanding relationships
with local First Nations. With its proven technical team, Clean Air Metals is committed
to growing the resources at the TBN project and creating long-term value for
shareholders.
Social Engagement
Clean Air Metals Inc. acknowledges that the Thunder Bay North Critical Minerals Project
is located within the area encompassed by the Robinson-Superior Treaty of 1850 and
includes the territories of the Fort William First Nation, Red Rock Indian Band,
Biinjitiwabik Zaaging Anishinabek and Kiashke Zaaging Anishinaabek. Clean Air Metals
also acknowledges the contributions of the Métis Nation of Ontario, Region 2 and the
Red Sky Métis Independent Nation to the rich history of our area.
The Company appreciates the opportunity to work in these territories and remains
committed to the recognition and respect of those who have lived, travelled, and
gathered on the lands since time immemorial. Clean Air Metals is committed to
stewarding Indigenous heritage and remains committed to building, fostering and
encouraging a respectful relationship with First Nations, Métis and Inuit peoples based
upon principles of mutual trust, respect, reciprocity and collaboration in the spirit of
reconciliation.
ON BEHALF OF THE BOARD OF DIRECTORS
"Mike Garbutt"
Mike Garbutt, CEO of Clean Air Metals Inc.
Connect with us on X/ Facebook/ Instagram.
Visit www.cleanairmetals.ca for more information or contact:
Mia Boiridy
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Director of Communications and Investor Relations
250-575-3305
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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
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and estimates of amounts not yet determinable. Any statements that express
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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
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