Clean Air Metals Update on Thunder Bay North Project
Abraham Drost, CEO of Clean Air Metals stated that "The new results continue to confirm dimensions and extend the Escape Lake deposit that remains open to the northwest and southeast. This has implications for upside tonnage potential as part of the upcoming mineral resource evaluation by Nordmin Engineering at both the Current Lake and Escape Lake deposits. The Current Lake Deposit is being evaluated by Nordmin as a ramp accessible, underground high-grade selective extraction operation. The Escape Lake magma conduit is being looked at a potential future source of feed. With the emerging greenfields exploration play being generated with magnetotelluric survey techniques, the Thunder Bay North asset is quickly becoming a "three in one" project situation with a number of possibilities to increase shareholder value."
All seven holes drilled hit the mineralized zone and include the following highlights:
From Hole ELR20-020 which intersected 20.0m of 2.62 g/t Palladium, 2.02g/t Platinum, 0.88% Copper and 0.45% Nickel from 391.7-411.7m downhole. A higher-grade intercept included within this interval returned 6.0m of 3.72 g/t Palladium, 2.65 g/t Platinum, 1.25% Copper and 0.87% Nicke from 392.7-398.7m downhole.
From Hole ELR20-022 which intersected 23.6m of 2.82 g/t Palladium, 2.18 g/t Platinum, 0.96% Copper and 0.50% Nickel from 386.5-410.0m downhole. A higher-grade intercept included within this interval returned 9.6m of 3.93 g/t Palladium, 3.05 g/t Platinum, 1.31% Coppe and 0.67% Nickel from 392.2-401.8m downhole.
From Hole ELR20-025 which intersected 98.9m of 1.89g/t Palladium, 1.40g/t Platinum, 0.69% Copper and 0.35% Nickel from 324.4m-423.25m downhole. This intercept represents the broadest mineralized intercept to-date in the Escape Lake mineralized system. A higher-grade intercept included within this interval returned 19.2m of 4.09g/t Pd, 2.90g/t Pt, 1.42% Cu and 0.75% Ni from 392.5m-411.8m downhole.
Hole ELR20-28 also assayed 39.2m of 1.94g/t Palladium, 1.60g/t Platinum, 0.99% Copper and 0.61% Nickel from 395.0m-434.1m downhole, including 21.7m of 3.70g/t Palladium, 2.69g/t Platinum, 1.40% Copper and 0.89% Nickel from 398.1-419.8m downhole.
Notable results from all holes, ELR20-019, -020, -021, -022, -023, -025 and -028 in the Escape Lake Intrusion portion of the Project, complement those previously announced on June 17, June 29, July 15, August 20 and September 30, 2020. As a result of the encouraging results from the program so far, the Company is extending the program by 10,000m that will increase the present drill program to 30,000m at Thunder Bay North.
The additional drilling will include increased diameter HQ drill bulk sampling in 10 short holes for pilot scale metallurgical bench testing purposes at the Current Lake deposit, under the supervision of Nordmin Engineering. Clean Air Metals has also generated several discrete, low resistivity, high conductivity anomalies from the recent magnetotelluric survey in the Current Lake and Escape Lake intrusion feeder zone areas, which it intends to drill test.