Clean Air Metals reports new Assays from Escape Deposit Delineation Drilling
Clean Air Metals reports new Assays from
Escape Deposit Delineation Drilling
Thunder Bay, ON, May 20 , 2021 – Clean Air Metals Inc. (“ Clean Air Metals” or the “ Company”)
(TSXV: AIR; OTCQB: CLRMF ; FRA: CKU ) is pleased to announce new assay results (Table 1 and
Figure 1) from a series of “in-between” holes in the ongoing drill campaign at the Escape Conduit
Trend currently underway with two drills at the Company’s Thunder Bay North Project (the
“Project”). A total of 30,000m of systematic delineation drilling connecting the Escape South and
Steepledge South resource areas is planned for the Escape Lake Deposit in 2021.
Highlights (Table 1) include:
• Hole ELR21-049 intersected 31.0m of 0.96/t Palladium (Pd), 0.81g/t Platinum (Pt), 0.36%
Copper (Cu) and 0.21% Nickel (Ni) from 304.0m – 335.0m downhole located between the
Escape South High Grade Zone and the Steepledge North Zone.
• Hole ELR21-051 intersected 7.7m of 1.61g/t Palladium (Pd), 1.30g/t Platinum (Pt), 0.59%
Copper (Cu) and 0. 38% Nickel (Ni) from 350.2m – 357.83m downhole located between
the Escape South High Grade Zone and the Steepledge North Zone.
• Hole ELR21-052 intersected 4.0m of 1.29g/t Palladium (Pd), 1.14g/t Platinum (Pt), 0.49%
Copper (Cu) and 0.25% Nickel (Ni) from 346.0m – 350.0m downhole located between the
Escape South High Grade Zone and the Steepledge North Zone.
The fertility of the Escape Lake magma conduit deposit is well illustrated by the maiden mineral
resource update, reported on January 20, 2021. The Escape Lake Deposit has an overall Indicated
mineral resource of 505,369 ounces at 3.67g/t PdEq in 4,286,220 tonnes and is geologically open
along trend between the Escape South and the Steepledge South resource areas.
The Current Lake Deposit in turn has an Indicated mineral resource of 1,328,789 oz PdEq at an
average grade of 3.44 g/t PdEq in 11,999,177 tonnes . Mineral resource estimates for both
deposits are reported pursuant to the January 20, 2021 NI 43-101 Technical Report and Mineral
Resource Estima te for the Thunder Bay North Project, Thunder Bay, Ontario, prepared by
Nordmin Engineering Ltd. with QP Glen Kuntz, P.Geo, as posted to SEDAR on March 4, 2021.
Work also continues on drilling massive sulphide targets recently announced on April 21, 2021
(Figure 2). Based on the recent resource update and discovery of massive sulphides in the Escape
Lake Deposit with Norilsk metal ratios and the completion of a structural analysis and MT
geophysical surveys, the Company has committed to a substantial ramp up of drilling exploration
investment on promising ultra -low resistivity targets at the base of both the Escape Lake and
Current Lake magma conduit deposit systems.
Abraham Drost, CEO of Clean Air Metals stated that “the latest assays are reported in line with
the Company’s policy of reporting regular assay updates. We are happy to report that all holes
intersected mineralization and are expected to add materially to a future mineral resource update
at the Escape Lake deposit.”
Hole ID Company From,
m To, m Length,
m
Pt+Pd
(g/t)
Cu+Ni
(%)
Pt
(g/t)
Pd
(g/t)
Cu
(%)
Ni
(%)
ELR21-042 AIR 253.0 255.0 2.0 1.04 0.31 0.49 0.55 0.14 0.17
ELR21-042 AIR 268.2 274.0 5.8 1.94 0.50 0.92 1.02 0.32 0.18
ELR21-047 AIR 174.9 177.7 2.8 1.03 0.14 0.50 0.53 0.09 0.05
ELR21-047 AIR 341.8 346.5 4.7 1.99 0.65 0.90 1.08 0.39 0.26
ELR21-047 AIR 353.8 357.6 3.8 1.89 0.58 0.91 0.98 0.38 0.21
ELR21-049 AIR 304.0 335.0 31.0 1.77 0.57 0.81 0.96 0.36 0.21
ELR21-050 AIR 327.6 332.0 4.4 1.24 0.48 0.58 0.66 0.25 0.23
ELR21-050 AIR 339.6 347.3 7.7 1.60 0.48 0.74 0.86 0.27 0.21
ELR21-050 AIR 354.4 356.7 2.3 1.47 0.50 0.68 0.79 0.31 0.20
ELR21-051 AIR 350.2 357.8 7.7 2.91 0.97 1.30 1.61 0.59 0.38
ELR21-051 AIR 362.0 369.3 7.3 1.63 0.54 0.78 0.85 0.37 0.18
ELR21-051 AIR 171.2 172.7 1.5 1.76 0.19 0.85 0.92 0.12 0.07
ELR21-052 AIR 346.0 350.0 4.0 2.43 0.74 1.14 1.29 0.49 0.25
ELR21-054* AIR 342.0 346.6 4.6 1.49 0.48 0.69 0.80 0.31 0.17
Please see the links below for Figure 1 and 2.
Figure 1: 2021 Drill Hole Intercepts in the Interpreted Escape Conduit Trend – Link (Click Here)
Figure 2: Massive Sulphide Target Areas at Thunder Bay North – Link (Click Here)
Table 1: New Assay Results Update – Escape Conduit Trend, Thunder Bay North
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
* Composite assay interval reported on a Rush basis
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 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 and the issue of
Warrants, reported January 28, 2021.
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.
For further information, please contact:
Abraham Drost, Chief Executive Officer of Clean Air Metals Inc.
Phone: 807-252-7800
Email: [email protected]
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 mean ing 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 e xploration, 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.