Clean Air Metals Announces Drilling Program at Thunder Bay North
Clean Air Metals Inc. (TSXV:AIR, OTCQB:CLRMF) has announced a 1,600-metre drilling program at its Thunder Bay North Critical Minerals project. The program, set to begin in early August, will target near-surface high-grade zones within the Current deposit. The company aims to better define lateral continuity and tonnage potential of these zones.
Key findings from a recent technical review suggest that high-grade intersections at TBN have a regular periodicity, potentially related to flow processes similar to alluvial gold deposits. The company believes that tighter drill spacing in these areas could result in increased tonnage and grade.
The drilling program will focus on three shallow, high-grade areas with existing intersections, including one with 5.02 g/t Pt, 4.84 g/t Pd, 1.18% Cu and 0.56% Ni over 51 m. Results will guide future exploration and resource delineation efforts, as well as potential bulk sampling locations.
Clean Air Metals Inc. (TSXV:AIR, OTCQB:CLRMF) ha annunciato un programma di trivellazione di 1.600 metri presso il suo progetto Critical Minerals di Thunder Bay North. Il programma, che inizierà all'inizio di agosto, si concentrerà su zone ad alta qualità vicino alla superficie all'interno del deposito Current. L'azienda mira a definire meglio la continuità laterale e il potenziale tonnellata di queste zone.
Le principali conclusioni di una recente revisione tecnica suggeriscono che le intersezioni ad alta qualità al TBN hanno una periodicità regolare, potenzialmente correlate a processi di flusso simili ai depositi di oro alluvionale. L'azienda crede che distanze di trivellazione più ravvicinate in queste aree potrebbero portare a un aumento della tonnellata e della qualità.
Il programma di trivellazione si concentrerà su tre aree poco profonde ad alta qualità con intersezioni esistenti, inclusa una con 5.02 g/t Pt, 4.84 g/t Pd, 1.18% Cu e 0.56% Ni su 51 m. I risultati guideranno le future esplorazioni e gli sforzi di delimitazione delle risorse, così come le potenziali sedi di campionamento in bulk.
Clean Air Metals Inc. (TSXV:AIR, OTCQB:CLRMF) ha anunciado un programa de perforación de 1.600 metros en su proyecto de Minerales Críticos Thunder Bay North. El programa, que comenzará a principios de agosto, se centrará en zonas de alta ley cerca de la superficie dentro del depósito Current. La empresa tiene como objetivo definir mejor la continuidad lateral y el potencial de tonelaje de estas zonas.
Los hallazgos clave de una reciente revisión técnica sugieren que las intersecciones de alta ley en el TBN tienen una periodicidad regular, potencialmente relacionada con procesos de flujo similares a los depósitos de oro aluvial. La empresa cree que un espaciado de perforación más ajustado en estas áreas podría resultar en aumento de tonelaje y ley.
El programa de perforación se enfocará en tres áreas poco profundas y de alta ley con intersecciones existentes, incluida una con 5.02 g/t Pt, 4.84 g/t Pd, 1.18% Cu y 0.56% Ni sobre 51 m. Los resultados guiarán las futuras exploraciones y los esfuerzos de delineación de recursos, así como potenciales ubicaciones para muestreo a granel.
클린 에어 메탈스 주식회사 (TSXV:AIR, OTCQB:CLRMF)는 썬더베이 노스의 중요한 광물 프로젝트에서 1,600미터 드릴링 프로그램을 발표했습니다. 8월 초에 시작될 이 프로그램은 Current 광산 내에서 지표 근처의 고품위 구역을 목표로 합니다. 회사는 이러한 구역의 수평 연속성과 자원 잠재력을 더 잘 정의하는 것을 목표로 합니다.
최근 기술 검토에서의 주요 결과는 TBN에서의 고품위 교차점이 규칙적인 주기를 가진다고 제안하며, 이는 고실리카 금광과 유사한 흐름 과정과 관련이 있을 수 있습니다. 회사는 이러한 지역에서의 더 촘촘한 드릴링 간격이 톤 수 및 품질 증가로 이어질 수 있다고 믿고 있습니다.
드릴링 프로그램은 기존의 교차점이 있는 세 개의 얕고 높은 품질의 구역에 초점을 맞추며, 그 중 하나는 51m 동안 5.02 g/t Pt, 4.84 g/t Pd, 1.18% Cu 및 0.56% Ni 를 포함합니다. 결과는 향후 탐사 및 자원 구획 작업과 함께 잠재적인 대량 샘플링 위치를 안내할 것입니다.
Clean Air Metals Inc. (TSXV:AIR, OTCQB:CLRMF) a annoncé un programme de forage de 1 600 mètres pour son projet de minéraux critiques Thunder Bay North. Le programme, qui doit commencer début août, ciblera des zones de haute qualité près de la surface au sein du dépôt Current. L'entreprise vise à mieux définir la continuité latérale et le potentiel en tonnage de ces zones.
Les résultats clés d'un examen technique récent suggèrent que les intersections à haute teneur au TBN présentent une périodicité régulière, potentiellement liée à des processus d'écoulement similaires à ceux des dépôts d'or alluvionnaire. L'entreprise pense qu'un espacement de forage plus serré dans ces zones pourrait entraîner un augmentation du tonnage et de la qualité.
Le programme de forage se concentrera sur trois zones peu profondes et de haute qualité avec des intersections existantes, y compris une avec 5,02 g/t Pt, 4,84 g/t Pd, 1,18 % Cu et 0,56 % Ni sur 51 m. Les résultats guideront les futures explorations et les efforts de délimitation des ressources, ainsi que d'éventuels emplacements pour des échantillons en vrac.
Clean Air Metals Inc. (TSXV:AIR, OTCQB:CLRMF) hat ein 1.600 Meter Bohrprogramm in seinem Thunder Bay North Critical Minerals Projekt angekündigt. Das Programm, das Anfang August beginnen soll, wird oberflächennahe Hochgradzonen im Current Lagerstätten anvisieren. Das Unternehmen strebt an, die laterale Kontinuität und das Tonagepotenzial dieser Zonen besser zu definieren.
Wichtige Ergebnisse einer aktuellen technischen Überprüfung legen nahe, dass Hochgradintersektionen in TBN eine regelmäßige Periodizität aufweisen, die möglicherweise mit Flussprozessen ähnlich den alluvialen Goldlagerstätten zusammenhängt. Das Unternehmen ist der Meinung, dass ein engerer Bohrabstand in diesen Bereichen zu erhöhtem Tonnen- und Gehalt führen könnte.
Das Bohrprogramm wird sich auf drei flache Hochgradgebiete mit bestehenden Intersektionen konzentrieren, darunter eine mit 5,02 g/t Pt, 4,84 g/t Pd, 1,18% Cu und 0,56% Ni über 51 m. Die Ergebnisse werden zukünftige Erkundungen und Ressourcenschätzungen sowie potenzielle Standorte für Bulkproben leiten.
- Announcement of a 1,600-metre drilling program targeting high-grade zones
- Potential for increased tonnage and grade through tighter drill spacing
- Existing high-grade intersections with significant platinum, palladium, copper, and nickel content
- Preparation of an Advanced Exploration application, progressing towards mine permitting
- Contracted passive seismic survey to better define mineralized basal contact and potential new high-grade targets
- High-grade 'plums' not easily detectable with available geophysical data
- Mineral lease approval still pending from July 2022 application
THUNDER BAY, ON / ACCESSWIRE / August 6, 2024 / Clean Air Metals Inc. ("Clean Air Metals" or the "Company") (TSXV:AIR)(FRA:CKU)(OTCQB:CLRMF) is pleased to announce an upcoming 1,600-metre drilling program at its Thunder Bay North Critical Minerals ("TBN") project (the ‘Project') (14.0 Mt Indicated resource 1.31g/t Pt, 1.37g/t Pd,
Significance of High-Grade Mineralization in the TBN Deposits
The Company's new technical leadership team has completed a detailed assessment of existing geological and geophysical data and resource models for the Project. The key findings of this review are:
The known high-grade intersections at TBN have a regular periodicity that the Company believes are related to flow processes similar to those associated with alluvial gold deposits.
Applying a tighter drill spacing within these high-grade areas could result in an increased tonnage and grade.
High-grade ‘plums' within both deposits are not easily detectable with available geophysical data, and there is an opportunity to improve data density and depth of penetration.
To better understand the importance of these high-grade areas in terms of their size and potential impact on the project economics, the Company plans to drill a series of tightly spaced holes into three shallow and readily accessible high-grade areas at the Current deposit, as shown in Figure 1. Each target has a single, existing high-grade intersection. These include:
5.02 g/t Pt, 4.84 g/t Pd,
1.18% Cu and0.56% Ni over 51 m from 85 m in hole BL10-3264.20 g/t Pt, 3.80 g/t Pd,
0.85% Cu and0.39% Ni over 23.5 m from 123.5 m in hole BL10-3284.87 g/t Pt, 4.44 g/t Pd,
1.17% Cu and0.56% Ni over 19 m from 155 m in hole BL09-155
Figure 1. Plan view of the targeted area for the drill program (red dashed line) within the Bridge Zone of the Current Deposit
Results from the new drilling will be used to develop both an exploration program designed to potentially discover new high-grade zones and a resource delineation program to potentially increase the resources contained in these high-grade areas. They will also help guide the location for a potential bulk sample(s) pending the submission and approval of an Advanced Exploration permit.
Clean Air Metals' CEO Mike Garbutt commented "New insights provided by Vice President of Exploration Dr. Lionnel Djon and director Dr. David Peck has led to a refinement to the geological template for the TBN deposits. The upcoming drilling program is a critical step in the Company's plan to significantly improve the TBN project economics by fully defining the highest value mineralization within the Current and Escape deposits."
Other Activities
As referenced above, the Company is preparing an Advanced Exploration application for the project, representing the first stage in the Provincial mine permitting process. The Company has already applied (July 2022) to convert some of the TBN property claims into a mineral lease (approval pending). The Company has also contracted Sisprobe to complete a passive seismic survey designed to provide a much better definition of the mineralized basal contact and to potentially map out larger sulphide trap sites (i.e., new high-grade ‘plum' targets) at this contact in the large and untested, down-plunge target area at the Escape deposit. The Company also continues to evaluate complementary copper- and platinum metal-rich assets in the province.
About Clean Air Metals
Clean Air Metals is a development and exploration company advancing its flagship,
One of the rare primary platinum resources outside of South Africa, the TBN project is in a stable and mining-friendly jurisdiction and benefits from longstanding relationships with local First Nations. With its proven technical team, Clean Air Metals is committed to growing the resources at the TBN project and creating long-term value for shareholders.
Social Engagement
Clean Air Metals Inc. acknowledges that the Thunder Bay North Critical Minerals Project is located within the area encompassed by the Robinson-Superior Treaty of 1850 and includes the territories of the Fort William First Nation, Red Rock Indian Band, Biinjitiwabik Zaaging Anishinabek and Kiashke Zaaging Anishinaabek. Clean Air Metals also acknowledges the contributions of the Métis Nation of Ontario, Region 2 and the Red Sky Métis Independent Nation to the rich history of our area.
The Company appreciates the opportunity to work in these territories and remains committed to the recognition and respect of those who have lived, travelled, and gathered on the lands since time immemorial. Clean Air Metals is committed to stewarding Indigenous heritage and remains committed to building, fostering and encouraging a respectful relationship with First Nations, Métis and Inuit peoples based upon principles of mutual trust, respect, reciprocity and collaboration in the spirit of reconciliation.
ON BEHALF OF THE BOARD OF DIRECTORS
"Mike Garbutt"
Mike Garbutt, CEO of Clean Air Metals Inc.
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Visit www.cleanairmetals.ca for more information or contact:
Mia Boiridy
Director of Communications and Investor Relations
250-575-3305
mboiridy@cleanairmetals.ca
Neither 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. 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 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 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 projections.
SOURCE: Clean Air Metals, Inc.
View the original press release on accesswire.com
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