Company
CVE:AIR
Clean Air Metals' flagship asset is the 100% owned, high grade Thunder Bay North Critical Minerals 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.
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The assay results from the Current deposit confirm continuity of mineralization between sections along the trend of mineralization, while Escape results show increasing grade on the eastern edge of the historic Steepledge South resource are
Clean Air Metals acquired an option to receive a 100% interest in the property, subject to a 1% net smelter return royalty to be retained by Rio Tinto Exploration Canada
Prior to his new role at Clean Air Metals, Heggie previously worked on the Thunder Bay North Project for seven years
The Ontario-focused company banked $5,927,070 in working capital; as well as an increase in total assets which climbed to $37,696,643 by the end of July, up from $27,146,884 from the end of January
Drill results included 76.6 metres grading 5.67 grams per tonne (g/t) palladium equivalents
The assays reconfirm the polymetallic nature of the deposit, with the company’s primary focus being Platinum Group Metals
The crew will complete about 2,700 meters of confirmatory infill drilling in support of the Preliminary Economic Assessment expected in 4Q 2021
One hole intersected a massive sulphide lens grading 41.2 grams per ton (g/t) palladium equivalent from the Bullseye magnetic anomaly, where another hole intersected a massive sulphide lens 100 metres southeast grading 31.8 g/t palladium eq
The platinum group metals explorer focused on Ontario, reported total assets of $37.9 million as of April 30, 2021
All holes intersected mineralization and are expected to add to a future mineral resource update at the Ontario-based project
The company has also wrapped up a $1.5 million instalment payment to Panoramic Resources
Hole ELR20-041 intersected 0.3m of 8.17 g/t palladium, 8.34 g/t platinum, 7.15% copper and 0.30% nickel
Analysts expressed their excitement at the possibility that the project hosts “Norilsk-style” mineralization similar to that of Norilsk Nickel, one of the world’s largest nickel and platinum producers
