Clean Air Metals COO Mike Garbutt joined Steve Darling from Proactive to provide an update on the company's exploration and strategic initiatives for 2024, focusing on the Thunder Bay North project and its extension, the Escape deposit. The Escape deposit is identified as a magnetic anomaly extending for two and a half kilometers at a depth of about 500 meters below the surface, near the Escape fault. This area, hosting a 6 million tonne resource, remains largely untested, especially beyond the fault. Garbutt says the the company plans to use a technique called constraint inversion to better define this target, followed by a modest drilling program leveraging downhole electromagnetic (EM) technology, which has proven effective in the past for identifying high-grade zones.
Clean Air Metals aims to start this exploration in the summer, with the goal of expanding the current 14 million tonne resource. Additionally, the company is exploring opportunities in Northwestern Ontario, focusing on prospective PGE (platinum group elements) assets to add value to its portfolio. Garbutt highlighted the company's strategic approach to growth, emphasizing the importance of creating value for shareholders and exploring a variety of assets, from immature exploration prospects to more developed resources requiring further exploration to realize their full potential.