Clean Air Metals Reports Drilling Update from the Thunder Bay North Project and Appointment of Dr. Geoff Heggie as Exploration Manager
Clean Air Metals Reports Drilling Update from the Thunder Bay North
Project and Appointment of Dr. Geoff Heggie as Exploration Manager
THUNDER BAY, ON
,
Oct. 6, 2021
/CNW/ - Clean Air Metals Inc. ("
Clean Air Metals
" or the "
Company
") (TSXV: AIR) (FRA: CKU) (OTCQB: CLRMF) is pleased
to announce the appointment of Dr.
Geoff Heggie
, P.Geo. as Exploration Manager and a Qualified Person for the Company's Thunder Bay North Project. Dr.
Heggie replaces Mr.
Allan MacTavish
, M.Sc., P.Geo. who has retired from fulltime duties as Vice President, Project Manager, and will continue with the Company
in a non-executive consulting capacity.
Dr. Heggie worked on the Thunder Bay North Project previously for 7 years. He earned his BSc in Geology at the
University of Saskatchewan
, his MSc at
Lakehead University
and his PhD at the University of
Western Australia
. Most recently with Noront Resources, Geoff is an expert in Ultramafic/Mafic magmatic
systems. Previously as Senior Geologist at Noront, systematic integration of geology and geophysics by the Noront team was typified by the discovery of the
McFaulds No. 8 VMS lenses of the Nikka deposit during Geoff's tenure.
New assay results are from the drilling campaign presently underway at the Company's Thunder Bay North Project (the "
Project
"). Assay highlights (from Table 1)
include:
Hole ELR21-079 from the Escape Lake Deposit (Figure 1) which intersected
21.3m
grading 4.80g/t Palladium Equivalents (PdEq)
1
composed of 1.64g/t
Platinum (Pt), 1.97g/t Palladium (Pd), 0.66% Copper (Cu), 0.23% Nickel (Ni)
from
388.7m
-
410.0m
downhole including
7.5m
grading 6.80g/t PdEq
composed of 2.46 g/t Platinum (Pt), 2.94g/t Palladium (Pd), 0.96% Copper (Cu), 0.26% Nickel (Ni)
from
400.5m
-
408.0m
downhole (Figure 1).
The Escape Lake Deposit has undergone systematic expansion drilling exceeding
27,000m
since the maiden Indicated resource of 505,369 ounces PdEq
1
(3.67
g/t PdEq in 4.28 million tonnes reported
January 20, 2021
).
The Current Lake Deposit 2.5km to the east (Figure 2) has a well-defined Indicated mineral resource of 1,328,789 PdEq
1
ounces (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 Q4-2021. The PEA-level mine stope optimization
in the Beaver Lake Zone area of the Current Lake Deposit maybe enhanced by the results of a recent infill drill program, including the following highlight results:
Hole CL21-014 which intersected
18.0m
grading 3.10 g/t PdEq
1
composed of
1.36 g/t Platinum (Pt), 1.28g/t Palladium (Pd), 0.24% Copper (Cu) and
0.20% Nickel (Ni)
from 127.5 –
145.5m
downhole including
5.10m
grading 5.90 g/t PdEq
composed of
2.77 g/t Platinum (Pt), 2.72g/t Palladium (Pd),
0.43% Copper (Cu) and 0.28% Nickel (Ni)
from
140.4m
–
145.5m
downhole
Hole CL21-015 which intersected
12.0m
grading 7.90 g/t PdEq
1
composed of
3.67 g/t Platinum (Pt), 3.31g/t Palladium (Pd), 0.75% Copper (Cu) and
0.38% Nickel (Ni)
from 144.0 –
156.0m
downhole including
8.0m
grading 10.4 g/t PdEq
composed of
4.92 g/t Platinum (Pt), 4.45g/t Palladium (Pd),
0.98% Copper (Cu) and 0.46% Nickel (Ni)
from
144.0m
–
152.0m
downhole
Mineral resource endowment and palladium-equivalents are quoted pursuant to the Technical Report and Mineral Resource Estimate for the Thunder Bay North
Project,
Thunder Bay, Ontario
, with an effective date of
January 20, 2021
(the "
Technical Report
"). The Technical Report was posted to SEDAR
March 4, 2021
and prepared by Nordmin Engineering Ltd.- QP Glen Kuntz, P.Geo.
Ontario
.
1
Palladium equivalency formula can be viewed in the following
Link (Click Here)
Update on Metallurgy and PEA
Metallurgical optimization studies continue with Blue Coast Research of
British Columbia
. The results of the metallurgical studies on drill core-derived bulk sample
material and independent analysis of smelter recoveries and smelter payables are expected to input directly into a Preliminary Economic Assessment (PEA) mine
cash flow model planned for publication in early Q4/2021.
Abraham Drost
, CEO of Clean Air Metals
stated that "we are very pleased to welcome Dr.
Geoff Heggie
to the Clean Air Metals team. Geoff's prior experience
at the Thunder Bay North Project with predecessor companies and his innate expertise in magmatic systems gained in a variety of geological settings is accretive
to the team. We look forward with Geoff and team to unlocking the full potential of the Escape and Current chonolith deposits and locating the source of high-
grade massive sulphide occurrences within the system.
We are grateful to
Al MacTavish
for his 14-year tenure with the Project and his considerable contributions from early discovery to present. We are pleased that,
although stepping back to enjoy time with family and lead geology field trips to exotic locales like
Iceland
and
Hawaii
, Al has agreed to continue on a consulting
basis to work on geological studies relevant to exploration of the Thunder Bay North Project.
The Company is looking forward to publication of a PEA in Q4/21. As with the mineral resource estimate published in
March 2021
, the PEA will be based on a
ramp-access underground mine model constraining the existing mineral resource. In addition to the Current Lake Deposit, the potential to add scale to the Thunder
Bay North Project with future feed from the Escape Lake Deposit is potentially accretive to the project."
Hole ID
From,
m
To,
m
Length,
m
Pt+Pd
(g/t)
Cu+Ni
(%)
Pt
(g/t)
Pd
(g/t)
Cu
(%)
Ni
(%)
PdEq
ELR21-079
388.70
410.00
21.30
3.61
0.90
1.64
1.97
0.66
0.23
4.78
**incl.
400.50
408.00
7.50
5.39
1.21
2.46
2.94
0.96
0.26
6.79
CL21-011
130.50
132.50
2.00
1.01
0.27
0.53
0.48
0.11
0.17
1.53
CL21-011
140.50
148.50
8.00
1.50
0.40
0.78
0.72
0.19
0.21
2.18
CL21-011
152.50
166.50
14.00
1.41
0.40
0.73
0.67
0.18
0.22
2.13
CL21-011
170.50
172.50
2.00
1.19
0.35
0.63
0.56
0.14
0.21
1.85
CL21-012
129.20
153.20
24.00
1.69
0.38
0.88
0.81
0.19
0.19
2.27
CL21-012
163.20
167.20
4.00
1.46
0.35
0.76
0.70
0.16
0.19
2.06
CL21-012
177.20
181.20
4.00
1.52
0.39
0.78
0.74
0.18
0.21
2.19
CL21-013
132.00
158.00
26.00
2.35
0.50
1.23
1.12
0.27
0.24
3.06
CL21-013
162.00
164.00
2.00
1.22
0.33
0.64
0.58
0.14
0.20
1.85
CL21-013
174.00
182.00
8.00
2.04
0.52
1.05
0.99
0.26
0.26
2.87
CL21-013
190.00
192.00
2.00
1.42
0.51
0.71
0.71
0.26
0.25
2.34
CL21-014
127.50
145.50
18.00
2.64
0.44
1.36
1.28
0.24
0.20
3.12
**incl.
140.35
145.50
5.15
5.49
0.71
2.77
2.72
0.43
0.28
5.94
CL21-015
144.00
156.00
12.00
6.97
1.13
3.67
3.31
0.75
0.38
7.88
**incl.
144.00
152.00
8.00
9.37
1.43
4.92
4.45
0.98
0.46
10.36
CL21-015
158.00
160.00
2.00
1.01
0.34
0.51
0.50
0.15
0.19
1.67
CL21-015
164.00
168.00
4.00
1.20
0.42
0.63
0.57
0.22
0.21
1.97
CL21-016
133.00
139.00
6.00
1.69
0.35
0.87
0.82
0.18
0.17
2.19
CL21-016
143.00
151.00
8.00
1.48
0.40
0.79
0.69
0.20
0.21
2.16
CL21-016
153.00
155.00
2.00
1.25
0.36
0.66
0.58
0.16
0.20
1.89
CL21-016
159.00
163.00
4.00
1.13
0.38
0.62
0.52
0.16
0.21
1.85
CL21-016
167.00
169.00
2.00
1.26
0.40
0.68
0.58
0.18
0.22
2.01
CL21-016
173.00
179.00
6.00
1.53
0.36
0.81
0.71
0.15
0.21
2.15
CL21-016
181.00
183.00
2.00
1.15
0.34
0.62
0.53
0.13
0.21
1.79
CL21-016
204.00
207.73
3.73
1.77
0.79
0.96
0.81
0.43
0.36
3.16
CL21-017
150.00
164.00
14.00
1.30
0.30
0.68
0.62
0.13
0.17
1.81
CL21-018
133.00
138.00
5.00
2.61
0.55
1.31
1.29
0.33
0.22
3.33
CL21-018
144.00
146.00
2.00
2.05
0.40
1.09
0.96
0.18
0.22
2.64
CL21-018
153.00
190.00
37.00
2.12
0.54
1.10
1.02
0.28
0.27
2.98
Note:
1)
All intercepts are estimated to be >95% of true width based on drill hole inclination
2)
Mineralized intervals calculated at 1 ppm Pt+Pd cutoff
Please see the link below for Figures 1 and 2.
Figure 1: 2021 Drill Hole Intercepts in the Escape Lake Deposit Area –
Link (Click Here)
Figure 2: 2021 Drill Hole Intercepts in the Current Lake Deposit Area –
Link (Click Here)
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. 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/
).
Qualified Person
Dr.
Geoff Heggie
, Ph.D., P.Geo., a Qualified Person under National Instrument 43-101 and Exploration Manager for the Company, has reviewed and approved all
technical information in this press release.
Quality Assurance/Quality Control
Clean Air Metals uses ALS Global ("
ALS
"), a well-established and recognized mineral assay and geochemical analytical services company. The
Thunder Bay
laboratory holds ISO-9000 accreditation; the
Vancouver
facility holds ISO-17025 registration.
All NQ-sized drill core is cut with a diamond-tipped saw blade with half of the core submitted to ALS for sample preparation and analysis. Core samples from
selected intervals are individually bagged and tagged, gathered up in larger sealed poly bags and shipped to the sample prep facility in
Thunder Bay, ON
under
custody of Clean Air personnel at all times. Sample preparation is completed at the ALS sample preparation facility located in
Thunder Bay, ON
and analysis is
completed at the primary ALS assay laboratory located in
Vancouver
, B.C.
Clean Air follows a documented quality control procedure for its core assay sampling program consisting of the insertion of blind blanks, duplicates, and certified
Palladium-Platinum and Copper-Nickel standards into the sample stream. The insertion procedure results in a minimum of 11% to 12% control sample frequency
depending on the length of the sampled interval.
Gold, platinum, and palladium are analyzed using fire assay (FA) with an inductively coupled plasma mass spectrometry (ICP-MS) finish. Samples with grades
above the optimal ICP-MS detection limits are analyzed using an optical emission spectroscopy method (ICP-OES).
Also, thirty-three (33) elements of each sample, including copper, nickel, silver, chromium, cobalt, and sulphur, are analyzed by a multi-element analytical method
using the atomic emission spectroscopy (ICP-AES) technique following four-acid digestion of the sample. When samples have grades above the optimal detection
limits for this analytical method, they are re-analyzed using a high-grade method consisting of either ICP-AES or atomic absorption spectrometry (AAS)
techniques.
Social Engagement
Clean Air Metals Inc. and its wholly-owned subsidiary Panoramic PGMs (
Canada
) Ltd. acknowledge that the Thunder Bay North Project is on the traditional
territories of the Fort William First Nation, Red Rock First Nation and Biinjitiwabik Zaaging Anishinabek. The parties together are the Cooperating Participants in a
Memorandum of Agreement dated January 9, 2021.
The Company is also in discussions with Red Sky Metis Independent Nation and the Metis Nation of Ontario and other non-proximate First Nation communities.
Woodland Heritage Northwest, a Metis-owned consultancy has been retained to conduct archaeological studies on the Thunder Bay North Project and surrounding
areas.
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 geologists 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.
Website:
www.cleanairmetals.ca
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 (include the preliminary economic
assessment) 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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https://www.prnewswire.com/news-releases/clean-air-metals-reports-drilling-update-from-the-thunder-bay-north-project-and-appointment-of-dr-geoff-heggie-as-exploration-manager-301393746.html
SOURCE
Clean Air Metals Inc.
View original content:
http://www.newswire.ca/en/releases/archive/October2021/06/c5139.html
%SEDAR: 00005465E
For further information:
Abraham Drost, Chief Executive Officer of Clean Air Metals Inc., Phone: 807-252-7800, Email: [email protected]
CO: Clean Air Metals Inc.
CNW 03:01e 06-OCT-21