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
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, September 7 , 2021 – 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 3 45.0m-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 o f 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).
1 Palladium equivalency formula can be viewed in the following Link (Click Here)
• 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 0.2 8% Nickel (Ni) from
152.2 – 167.0m downhole (Figure 2).
• Hole CL21-008 which intersected 20.0m grading 3.43 g/t PdEq composed of 1.55 g/t
Platinum (Pt), 1.41g/t Palladium (Pd), 0.26% Copper (Cu) and 0. 20% Nickel (Ni) from
142.0 – 162.0m downhole (Figure 2).
Mineral resource endowment and palladium -equivalents are quoted pursuant to the T echnical
Report and Mineral Resource Estimate for the Thunder Bay North Project, Thunder Bay, Ontario,
effective date January 20, 2021 , posted to SEDAR March 4, 2021. Prepared by Nordmin
Engineering Ltd.- QP Glen Kuntz, P.Geo. Ontario.
Update on Metallurgy and PEA
Metallurgical optimization studies continue with Blue Coast Research of British Columbia. The
results of the metallurgical studies on drill-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 Met als stated that “ infill assay results from the Beaver Lake
Zone of the Current Lake deposit infill drilling (“CL” holes) is an affirmation of our understanding
of the deposit and ability to target and execute on drilling which has the potential to materially
impact the results of the upcoming PEA. This bodes well for future upgrade drilling on the large
inferred resource down plunge which will occur at future study phases. The Company is looking
forward to publication of a PEA in Q4/21 based solely on the C urrent Lake Deposit. 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 sca le to the Thunder Bay North Project with feed from the
Escape Lake Deposit is potentially accretive to the project.
Recent drought conditions and regional forest fire activity imposed certain restrictions and
precluded the construction of new drill pads o n the Thunder Bay North Project. The Clean Air
Metals geology team found innovative ways of keeping the drills running, including utilizing
previous pads using angled holes to test edges and in the case of Hole ELR21 -077, to expand the
margins of the Escap e South High Grade Zone. Fortunately, the drought has ended and the fire
ban has now lifted. The present round of assay results is also being added to the Escape Lake
deposit database (“ELR” holes) which will result in a revised mineral resource estimate in Q1/22.”
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. 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
Hole ID From,
m
To,
m
Length,
m
Pt+Pd
(g/t)
Cu+Ni
(%)
Pt
(g/t)
Pd
(g/t)
Cu
(%)
Ni
(%) PdEq
ELR21-075 325.86 334.00 8.14 1.43 0.48 0.65 0.78 0.27 0.21 2.28
ELR21-075 336.73 347.00 10.27 2.12 0.64 0.96 1.16 0.39 0.25 3.17
ELR21-077 325.00 341.00 16.00 2.08 0.67 0.90 1.18 0.45 0.22 3.17
ELR21-077 345.00 421.60 76.60 3.77 1.23 1.63 2.14 0.81 0.41 5.67
**incl. 392.00 413.00 21.00 6.90 2.09 2.97 3.93 1.41 0.68 9.98
ELR21-078 395.00 398.75 3.75 3.34 0.77 1.60 1.75 0.64 0.14 4.23
CL21-005 148.00 153.00 5.00 1.88 0.40 0.95 0.93 0.22 0.19 2.47
CL21-005 159.00 162.14 3.14 1.88 0.37 0.98 0.90 0.22 0.15 2.31
CL21-006 152.17 167.00 14.83 3.82 0.73 1.92 1.90 0.46 0.28 4.65
CL21-007 134.20 136.20 2.00 1.49 0.24 0.79 0.70 0.11 0.12 1.79
CL21-007 140.20 153.69 13.49 5.39 0.83 2.79 2.61 0.52 0.31 6.09
CL21-007 198.10 201.00 2.90 2.38 0.72 1.17 1.21 0.41 0.31 3.51
CL21-008 142.00 162.00 20.00 2.96 0.46 1.55 1.41 0.26 0.20 3.43
CL21-009 144.05 146.05 2.00 2.08 0.37 1.08 1.00 0.20 0.17 2.53
CL21-009 208.00 212.40 4.40 4.73 1.55 2.42 2.31 0.93 0.62 7.11
CL21-010 147.59 149.59 2.00 1.54 0.29 0.82 0.72 0.12 0.17 1.97
CL21-010 151.61 153.61 2.00 1.90 0.34 0.93 0.97 0.18 0.17 2.36
Table 1: New Assay Results Update – Thunder Bay North Project
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
Ontario (http://www.netnewsledger.com/2020/03/23/ontario-covid-19-business-allowed-to-
remain-open-list-march-23-2020/ ).
Qualified Person
Mr. Allan MacTavish, M.Sc., P.Geo. a Qualified Person under National Instrument 43-101 and VP,
Project Manager for the Company, has reviewed and approved all technical inf ormation 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 activ ely 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 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 inform ation 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 f or 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 t o
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.