Clean Air Metals Inc. (“Clean Air Metals” or the “Company”) (TSX.V: AIR; FRA: CKU; OTCQB: CLRMF) is pleased to announce that a 2000-metre drilling program at its Thunder Bay North Critical Minerals (“TBN”) project (the ‘Project’) will commence next week. Twelve holes (Figure 1) are planned to target near-surface high-grade zones at the Current deposit (“Current”), including new targets identified from recent geophysical models (see October 30, 2024 news release). The program aims to increase the number, size and grade of near-surface high-grade pods at Current, following up on initial, positive results announced last fall (and outlined below). Execution of this program aligns with the Company’s strategy of advancing a high-grade, high-margin moderate tonnage project which includes delineating and developing a future bulk-sample.
Figure 1. Proposed drill hole locations at the Bridge Zone of the Current deposit
The Current deposit is the larger of two disseminated sulphide resources included in the TBN project, which hosts 14.0 Mt of underground mining shape constrained, bulk tonnage indicated resources averaging 1.31g/t Pt, 1.37g/t Pd, 0.41% Cu and 0.25% Ni (see NI 43-101 Technical Report dated June 19, 2023). Numerous near-surface, high-grade sulphide zones occur within or adjacent to the identified resources at Current. The Company’s summer 2024 drilling program successfully demonstrated the potential to expand the known high-grade areas inside the deposit through tighter drill spacing. The 2024 program returned exceptional results (see September 10, 2024, and October 3, 2024 news releases), including:
- 51.79 m of 4.92 g/t Pt, 4.66 g/t Pd, 1.07% Cu and 0.55% Ni (14.82 g/t Pt.eq1; 4.71% Cu.eq2) from 86 m downhole in Hole CL24-001;
- 31.40 m of 4.22g/t Pt, 4.04g/t Pd, 0.95% Cu and 0.56% Ni (13.04 g/t Pt.eq1; 4.14% Cu.eq2) from 118 m downhole in Hole CL24-003;
- 50.7 m of 4.52 g/t Pt, 4.38 g/t Pd, 0.99% Cu and 0.53% Ni (13.74 g/t Pt.eq1; 4.36% Cu.eq2) from 82.0 m downhole in Hole CL24-010;
- 38.4 m of 3.38g/t Pt, 3.26g/t Pd, 0.72% Cu and 0.45% Ni (10.32 g/t Pt.eq1) from 153 m downhole in Hole CL24-005;
- 23.3 m of 4.54 g/t Pt, 4.23 g/t Pd, 1.11% Cu and 0.60% Ni (14.20 g/t Pt.eq1; 4.51% Cu.eq2) from 154.7m downhole in Hole CL24-008;
- 19.3 m of 3.61 g/t Pt, 3.26 g/t Pd, 0.79% Cu and 0.38% Ni (10.75 g/t Pt.eq1; 3.40% Cu.eq2) from 150 m downhole in Hole CL24-006.
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