Clean Air Metals Identifies New High-Grade Targets at its Thunder Bay North Project
Clean Air Metals has announced preliminary results from re-modelling their 2009 VTEM survey at the Thunder Bay North Critical Minerals Project. Using Resistivity Depth Imaging (RDI), the company identified shallow, low-resistivity anomalies at the Current deposit that correlate with known high-grade mineralized pods. The summer 2024 drilling program revealed significant results, including 51.79m grading 4.92 g/t Pt, 4.66 g/t Pd, 1.07% Cu and 0.55% Ni. The company plans a follow-up drill program before year-end, alongside expanded 3D resistivity modelling across the Current and Escape deposits to map mineralized channels and guide future drilling for potential resource expansion.
Clean Air Metals ha annunciato i risultati preliminari della rimodellazione del loro sondaggio VTEM del 2009 presso il Progetto Minerali Critici di Thunder Bay North. Utilizzando l'Imaging della Resistenza a Profondità (RDI), l'azienda ha identificato anomali a bassa resistività e superficiali nel deposito Current che si correlano con noti pod mineralizzati di alta qualità. Il programma di perforazione estivo del 2024 ha rivelato risultati significativi, inclusi 51.79m con un grado di 4.92 g/t Pt, 4.66 g/t Pd, 1.07% Cu e 0.55% Ni. L'azienda prevede un programma di perforazione di follow-up prima della fine dell'anno, insieme a un'espansione della modellazione 3D della resistività attraverso i depositi Current ed Escape per mappare canali mineralizzati e guidare future perforazioni per l'espansione potenziale delle risorse.
Clean Air Metals ha anunciado resultados preliminares de la remodelación de su encuesta VTEM de 2009 en el Proyecto de Minerales Críticos de Thunder Bay North. Usando Imágenes de Profundidad de Resistividad (RDI), la empresa identificó anomalias superficiales de baja resistividad en el depósito Current que se correlacionan con conos mineralizados de alta ley conocidos. El programa de perforación del verano de 2024 reveló resultados significativos, incluyendo 51.79m con una ley de 4.92 g/t Pt, 4.66 g/t Pd, 1.07% Cu y 0.55% Ni. La compañía planea un programa de perforación de seguimiento antes de fin de año, junto con una expansión del modelado de resistividad en 3D en los depósitos Current y Escape para mapear canales mineralizados y guiar futuras perforaciones para la posible expansión de recursos.
클린 에어 메탈스(Clean Air Metals)는 썬더베이 북부의 중요 광물 프로젝트에서 2009년 VTEM 조사 재모델링의 초기 결과를 발표했습니다. 저항심도영상(RDI)를 사용하여, 이 회사는 알려진 고품질 광화구와 연관된 얕고 저항력이 낮은 이상 현상을 Current 매장지에서 확인했습니다. 2024년 여름 시추 프로그램은 4.92 g/t Pt, 4.66 g/t Pd, 1.07% Cu 및 0.55% Ni의 등급을 가진 51.79m를 포함해 중요한 결과를 보여주었습니다. 이 회사는 올해 말 전에 후속 시추 프로그램을 계획하고 있으며, Current 및 Escape 매장지 전역에 걸쳐 광물화된 채널을 매핑하고 자원 확장을 위한 향후 시추를 안내하기 위해 3D 저항성 모델링을 확장할 예정입니다.
Clean Air Metals a annoncé les résultats préliminaires de la re-modélisation de son sondage VTEM de 2009 dans le projet de minéraux critiques de Thunder Bay North. En utilisant l'Imagerie de Résistivité en Profondeur (RDI), la société a identifié des anomalies peu profondes et à faible résistivité dans le gisement Current qui se corrèlent avec des pods minéralisés de haute qualité connus. Le programme de forage d'été 2024 a révélé des résultats significatifs, incluant 51,79 m avec une teneur de 4,92 g/t Pt, 4,66 g/t Pd, 1,07% Cu et 0,55% Ni. La société prévoit un programme de forage complémentaire avant la fin de l'année, en parallèle avec un élargissement de la modélisation en 3D de la résistivité sur les gisements Current et Escape pour cartographier les canaux minéralisés et guider les futurs forages en vue d'une éventuelle expansion des ressources.
Clean Air Metals hat vorläufige Ergebnisse aus der Neumodellierung ihrer VTEM-Umfrage von 2009 im Thunder Bay Nord Critical Minerals Project bekannt gegeben. Durch die Verwendung von Widerstandstiefenabbildung (RDI) identifizierte das Unternehmen flache, niederohmige Anomalien im Current-Vorkommen, die mit bekannten hochgradigen mineralisierten Pods korrelieren. Das Bohrprogramm im Sommer 2024 brachte signifikante Ergebnisse, darunter 51,79 m mit einem Gehalt von 4,92 g/t Pt, 4,66 g/t Pd, 1,07% Cu und 0,55% Ni. Das Unternehmen plant ein Nachbeobachtungsbohrprogramm vor Jahresende, zusammen mit einer erweiterten 3D-Widerstandsmodellierung über die Current- und Escape-Lagerstätten, um mineralisierte Kanäle zu kartieren und zukünftige Bohrungen für eine potenzielle Ressourcenexpansion zu leiten.
- Successful identification of new high-grade mineralization targets through VTEM survey re-modeling
- Exceptional drilling results with high-grade intersections (51.79m @ 4.92 g/t Pt, 4.66 g/t Pd, 1.07% Cu, 0.55% Ni)
- Planned expansion of drilling program and 3D modeling to potentially increase resource estimates
- None.
THUNDER BAY, ON / ACCESSWIRE / October 30, 2024 / Clean Air Metals Inc. ("Clean Air Metals" or the "Company") (TSXV:AIR)(FRA:CKU)(OTCQB:CLRMF) is pleased to announce preliminary results from its re-modelling of the historical 2009 VTEM (Versatile Time Domain Electromagnetic) survey on its
Figure 1. A resistivity depth image 75 metres below the surface shows the location of discrete low resistivity anomalies (conductive zones in blue) that directly coincide with the location of known, high-grade pods (shown in pink >3.5g/t Pt).
Clean Air Metals' VP of Exploration, Lionnel Djon, commented, "We were very excited to see that the new resistivity-depth modeling is accurately mapping out the location of the known high-grade zones at Current. It also reveals flanking anomalies, presently undrilled, that are likely to represent additional high-grade pods or extensions to known pods. This methodology will be prioritized for guiding additional drilling at both Current and Escape as we continue to delineate the critical high-grade resources needed to support a lower risk, higher-margin underground mining scenario for the project."
The Current deposit hosts near-surface high-grade sulphide mineralization in distinct high-grade pods. The Company's summer 2024 drilling program demonstrated the potential to expand high-grade areas inside the deposit through tighter drill spacing and delivered exceptional grade-thickness mineralization from the initial four high-grade pods that were tested (see September 9, 2024, and October 3, 2024 news releases). Examples of the high-grade results that were disclosed in the press releases include:
51.79 m grading 4.92 g/t Pt, 4.66 g/t Pd,
1.07% Cu and0.55% Ni from 86.0 m downhole in hole CL24-001, including25.82 g/t Pt, 24.50 g/t Pd,
6.94% Cu and 3.87 % Ni over 0.97 m from 136.3 m (Massive Sulphides).
50.7 m grading 4.52 g/t Pt, 4.38 g/t Pd,
0.99% Cu and0.53% Ni from 82.0 m downhole in hole CL24-010, including6.35 g/t Pt, 6.10 g/t Pd,
1.32% Cu and0.69% Ni over 30.7 m from 102 m,
Next Steps
The Company is planning a follow up drill program before the end of the calendar year, concurrent with an expanded detailed 3D resistivity modelling across the Current and Escape deposits to accurately map mineralized channels and highlight areas of maximum conductivity and thickness. These insights will guide a subsequent phase of drilling aiming to discover new high-grade zones and potentially increase resource estimates within these high-grade areas. This is a continuation of our strategy to define and expand additional high-grade areas at the Current deposit, with the intent to extract a bulk sample and detail a mid-tonnage, high grade, high margin mining approach.
Qualified Person
Dr. Lionnel Djon, Ph.D., P.Geo., a Qualified Person under National Instrument 43-101 and Vice President of Exploration for the Company, has reviewed and approved all technical information in this press release.
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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