Clean Air Metals Inc (TSX-V:AIR, OTCQB:CLRMF) revealed promising new assay results from its drilling program at the Escape and Current deposits on its Thunder Bay North project.
Highlights from the results include 16.1 meters grading at 4.20 grams per ton (g/t) palladium equivalent (PdEq) from the Escape deposit, and 8.6 meters at 5.10 g/t PdEq, including 2.6 meters grading 9.80 g/t PdEq from the Current deposit.
The project hosts the Current Deposit and magma conduit, and the Escape Deposit, a twin structure to Current.
READ: Clean Air Metals announces C$1M payment to maintain Escape Lake property option
The assay results from the Current deposit confirm continuity of mineralization between sections along the trend of mineralization, at the Lower Bridge and Upper Beaver Lake Zones, according to Clean Air CEO Abraham Drost.
“Earlier assays from this round of drilling at the Current Deposit have already been incorporated into a mean stope optimizer mine planning algorithm for the upcoming (preliminary economic assessment),” Drost said of the deposit.
Drost told shareholders that the Escape results appear to demonstrate increasing grade on the eastern edge of the historic Steepledge South resource area, 700 meters north of the Escape South High-Grade Zone.
“The drilling plan for Steepledge South is coming into prominence here with (more than 20) holes laid out for completion in 4Q and possibly into 1Q 2022,” Drost added.
Clean Air Metals is actively exploring the 100% owned, high-grade Thunder Bay North 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.
Contact Angela at angela@proactiveinvestors.com
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