Press Release: 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
PR Newswire
THUNDER BAY, ON, Oct. 6, 2021
THUNDER BAY, ON, Oct. 6, 2021 /PRNewswire/ - 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 PdEq1 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 PdEq1 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."
From, To, Length, Pt+Pd Cu+Ni Pt Pd Cu Ni
Hole ID m m m (g/t) (%) (g/t) (g/t) (%) (%) 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.
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