Clean Air Metals reports new Assays from Escape Deposit and commences additional 15,000m drill program to target Norilsk-style Massive Sulfides

THUNDER BAY, ON, April 19, 2021 /CNW/ - Clean Air Metals Inc. ("Clean Air Metals" or the "Company") (TSXV: AIR) (OTCQB: CLRMF) (FRA: CKU) is pleased to announce new assay results from the drilling campaign at the Escape Lake Deposit 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 include:

 

 

The recent discovery of a high-grade massive sulphide lens in the Escape Lake Deposit (Figure 2) and similar material previously discovered in the Current Lake Deposit (Figure 3) are considered to be transported material and exploration vectors to a potential larger source area. A third drill and local crew has now mobilized to the project site and has commenced drilling on the first of six high priority massive sulphide targets on the Thunder Bay North Property (Figure 4). The targets are high conductivity geophysical features identified in basal structural and stratigraphic locations with high potential to host massive sulphide mineralization (Figure 1).  A total of 15,000m in 25-30 holes has now been allocated to testing of the initial six massive sulphide target areas.

 

The fertility of the Escape Lake magma conduit deposit is well illustrated by the recent 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. 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 (pursuant to the January 20, 2021 NI 43-101 Technical Report and Mineral Resource Estimate 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).

 

Abraham Drost, CEO of Clean Air Metals stated that "the Company confirms the high-level similarities of the magma conduit chonolith system and structural and stratigraphic controls on mineralization at Thunder Bay North with the Talnakh complex, one of the world's foremost Nickel-Copper-PGM mining camps. Based on the recent resource update and discovery of massive sulphides in the Escape Lake Deposit with favorable metal ratios and the recent completion of a structural analysis and MT geophysical surveys, we are committing to a substantial ramp up of our drilling exploration efforts on multiple bullseye ultra-low resistivity targets at the base of both the Escape Lake and Current Lake magma conduit deposit systems."

 

 

 

 

 

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.