Tuesday, September 7, 2021


Clear Air Metals Reviews New Drill Outcomes from each the Present Lake and Escape Lake Deposits of the Thunder Bay North Mission together with 76.7m of 5.67g/t PdEq with 21.0m of 9.98g/t PdEq

THUNDER BAY, ON, Sept. 7, 2021 /CNW/ – Clear Air Metals Inc. (“Clear Air Metals” or the “Firm“) (TSXV: AIR)…

By Staff , in Palladium , at September 7, 2021


THUNDER BAY, ON, Sept. 7, 2021 /CNW/ – Clear Air Metals Inc. (“Clear Air Metals” or the “Firm“) (TSXV: AIR) (FRA: CKU) (OTCQB: CLRMF) is happy to announce new assay outcomes from the drilling marketing campaign at present underway on the Firm’s Thunder Bay North Mission (the “Mission“). Assay highlights (from Desk 1) embody:

For the Escape Lake deposit:

  • Gap ELR21-077 intersected 76.6m grading 5.67g/t Palladium Equivalents (PdEq)1 composed of 1.63g/t Platinum (Pt), 2.14g/t Palladium (Pd), 0.81% Copper (Cu), 0.41% Nickel (Ni) from 345.0m421.6m downhole together with 21.0m grading 9.98g/t PdEq composed of two.97 g/t Platinum (Pt), 3.93g/t Palladium (Pd), 1.41% Copper (Cu), 0.68% Nickel (Ni) from 392.0m413.0m downhole (Determine 1).

The Escape Lake Deposit has been the main target of nearly all of the drilling over the previous 14 months. Because the maiden useful resource printed in January 2021 of 505,369 ounces at 3.67 g/t PdEq in 4.28 million tonnes, the Clear Air Metals crew has efficiently expanded the dimensions of the Escape South Excessive Grade Zone and demonstrated roughly 700m of mineralization alongside development. Gap ELR21-077 with its important thickness and grade seems to additional broaden the sting of the Escape Lake Excessive Grade Zone and demonstrates potential contribution of scale of the Escape Lake Deposit to the general Thunder Bay North Mission. An up to date mineral useful resource for the Escape Lake Deposit is at present deliberate for Q1 2022.

The Present Lake Deposit has a well-defined Indicated mineral useful resource of 1,328,789 PdEq ounces at a grade of three.44 g/t PdEq in 11.99 million tonnes and is at present effectively superior with a Preliminary Financial Evaluation (PEA) examine to be printed in This fall this yr. The PEA-level mine stope optimization within the Beaver Lake Zone space of the Present Lake Deposit could also be enhanced by the outcomes of a current infill drill program, together with the next spotlight outcomes:

  • Gap CL21-007 which intersected 13.49m grading 6.09 g/t PdEq composed of 2.79 g/t Platinum (Pt), 2.61g/t Palladium (Pd), 0.52% Copper (Cu) and 0.31% Nickel (Ni) from 140.2 – 153.7m downhole (Determine 2).

  • Gap CL21-006 which intersected 14.83m grading 4.65 g/t PdEq composed of 1.92 g/t Platinum (Pt), 1.90g/t Palladium (Pd), 0.46% Copper (Cu) and 0.28% Nickel (Ni) from 152.2 – 167.0m downhole (Determine 2).

  • Gap CL21-008 which intersected 20.0m grading 3.43 g/t PdEq composed of 1.55 g/t Platinum (Pt), 1.41g/t Palladium (Pd), 0.26% Copper (Cu) and 0.20% Nickel (Ni) from 142.0 – 162.0m downhole (Determine 2).

__________________________

1

Palladium equivalency method might be considered within the following Hyperlink (Click on Right here)

Mineral useful resource endowment and palladium-equivalents are quoted pursuant to the Technical Report and Mineral Useful resource Estimate for the Thunder Bay North Mission, Thunder Bay, Ontario, efficient date January 20, 2021, posted to SEDAR March 4, 2021. Ready by Nordmin Engineering Ltd.- QP Glen Kuntz, P.Geo. Ontario.

Replace on Metallurgy and PEA

Metallurgical optimization research proceed with Blue Coast Analysis of British Columbia. The outcomes of the metallurgical research on drill-derived bulk pattern materials and impartial evaluation of smelter recoveries and smelter payables are anticipated to enter straight right into a Preliminary Financial Evaluation (PEA) mine money circulation mannequin deliberate for publication in early This fall/2021.

Abraham Drost, CEO of Clear Air Metals said that “infill assay outcomes from the Beaver Lake Zone of the Present Lake deposit infill drilling (“CL” holes) is an affirmation of our understanding of the deposit and skill to focus on and execute on drilling which has the potential to materially affect the outcomes of the upcoming PEA. This bodes effectively for future improve drilling on the big inferred useful resource down plunge which is able to happen at future examine phases. The Firm is trying ahead to publication of a PEA in This fall/21 based mostly solely on the Present Lake Deposit. As with the mineral useful resource estimate printed in March, 2021, the PEA will probably be based mostly on a ramp-access underground mine mannequin constraining the prevailing mineral useful resource. Along with the Present Lake Deposit, the potential so as to add scale to the Thunder Bay North Mission with feed from the Escape Lake Deposit is probably accretive to the venture.

Latest drought situations and regional forest fireplace exercise imposed sure restrictions and precluded the development of latest drill pads on the Thunder Bay North Mission. The Clear Air Metals geology crew discovered revolutionary methods of preserving the drills working, together with using earlier pads utilizing angled holes to check edges and within the case of Gap ELR21-077, to broaden the margins of the Escape South Excessive Grade Zone. Fortuitously, the drought has ended and the fireplace ban has now lifted. The current spherical of assay outcomes can also be being added to the Escape Lake deposit database (“ELR” holes) which is able to lead to a revised mineral useful resource estimate in Q1/22.”

Desk 1: New Assay Outcomes Replace – Thunder Bay North Mission

Gap ID

From,
m

To,
m

Size,
m

Pt+Pd
(g/t)

Cu+Ni
(%)

Pt
(g/t)

Pd
(g/t)

Cu
(%)

Ni(%)

PdEq

ELR21-075

325.86

334.00

8.14

1.43

0.48

0.65

0.78

0.27

0.21

2.28

ELR21-075

336.73

347.00

10.27

2.12

0.64

0.96

1.16

0.39

0.25

3.17

ELR21-077

325.00

341.00

16.00

2.08

0.67

0.90

1.18

0.45

0.22

3.17

ELR21-077

345.00

421.60

76.60

3.77

1.23

1.63

2.14

0.81

0.41

5.67

**incl.

392.00

413.00

21.00

6.90

2.09

2.97

3.93

1.41

0.68

9.98

ELR21-078

395.00

398.75

3.75

3.34

0.77

1.60

1.75

0.64

0.14

4.23

CL21-005

148.00

153.00

5.00

1.88

0.40

0.95

0.93

0.22

0.19

2.47

CL21-005

159.00

162.14

3.14

1.88

0.37

0.98

0.90

0.22

0.15

2.31

CL21-006

152.17

167.00

14.83

3.82

0.73

1.92

1.90

0.46

0.28

4.65

CL21-007

134.20

136.20

2.00

1.49

0.24

0.79

0.70

0.11

0.12

1.79

CL21-007

140.20

153.69

13.49

5.39

0.83

2.79

2.61

0.52

0.31

6.09

CL21-007

198.10

201.00

2.90

2.38

0.72

1.17

1.21

0.41

0.31

3.51

CL21-008

142.00

162.00

20.00

2.96

0.46

1.55

1.41

0.26

0.20

3.43

CL21-009

144.05

146.05

2.00

2.08

0.37

1.08

1.00

0.20

0.17

2.53

CL21-009

208.00

212.40

4.40

4.73

1.55

2.42

2.31

0.93

0.62

7.11

CL21-010

147.59

149.59

2.00

1.54

0.29

0.82

0.72

0.12

0.17

1.97

CL21-010

151.61

153.61

2.00

1.90

0.34

0.93

0.97

0.18

0.17

2.36

Word:

1)

All intercepts are estimated to be >95% of true width based mostly on drill gap inclination

2)

Mineralized intervals calculated at 1 ppm Pt+Pd cutoff

Please see the hyperlink beneath for Figures 1 and a couple of.

Determine 1: 2021 Drill Gap Intercepts within the Escape Lake Deposit Space – Hyperlink (Click on Right here)

Determine 2: 2021 Drill Gap Intercepts within the Present Lake Deposit Space – Hyperlink (Click on Right here)

COVID Coverage

Clear Air Metals has adopted COVID-19 avoidance and private safety measures for its geological employees, drilling contractor and repair suppliers. Personnel are required to take care of bodily distance, use Private Protecting Tools (PPE), self-monitor and self-isolate or elect to earn a living from home. Administration had beforehand eradicated plans for a camp setup to service a deliberate diamond drill marketing campaign on the Escape Lake Mission. The Firm is conscious of Thunder Bay Well being Unit tips that present for “necessary” self-isolation for returning abroad journey. The rules additionally “strongly advocate” self- monitoring and self-isolation as wanted after journey into the Northwest area from different areas of the province and interprovincially. Mineral Exploration and Growth has been deemed a necessary service within the Province of Ontario (http://www.netnewsledger.com/2020/03/23/ontario-covid-19-business-allowed-to-remain-open-list-march-23-2020/ ).

Certified Individual

Mr. Allan MacTavish, M.Sc., P.Geo. a Certified Individual below Nationwide Instrument 43-101 and VP, Mission Supervisor for the Firm, has reviewed and accredited all technical data on this press launch.

High quality Assurance/High quality Management

Clear Air Metals makes use of ALS World (“ALS“), a well-established and acknowledged mineral assay and geochemical analytical companies firm. The Thunder Bay laboratory holds ISO-9000 accreditation; the Vancouver facility holds ISO-17025 registration.

All NQ-sized drill core is lower with a diamond-tipped noticed blade with half of the core submitted to ALS for pattern preparation and evaluation. Core samples from chosen intervals are individually bagged and tagged, gathered up in bigger sealed poly baggage and shipped to the pattern prep facility in Thunder Bay, ON below custody of Clear Air personnel always. Pattern preparation is accomplished on the ALS pattern preparation facility positioned in Thunder Bay, ON and evaluation is accomplished on the major ALS assay laboratory positioned in Vancouver, B.C.

Clear Air follows a documented high quality management process for its core assay sampling program consisting of the insertion of blind blanks, duplicates, and authorized Palladium-Platinum and Copper-Nickel requirements into the pattern stream. The insertion process ends in a minimal of 11% to 12% management pattern frequency relying on the size of the sampled interval.

Gold, platinum, and palladium are analyzed utilizing fireplace assay (FA) with an inductively coupled plasma mass spectrometry (ICP-MS) end. Samples with grades above the optimum ICP-MS detection limits are analyzed utilizing an optical emission spectroscopy methodology (ICP-OES).

Additionally, thirty-three (33) components of every pattern, together with copper, nickel, silver, chromium, cobalt, and sulphur, are analyzed by a multi-element analytical methodology utilizing the atomic emission spectroscopy (ICP-AES) approach following four-acid digestion of the pattern. When samples have grades above the optimum detection limits for this analytical methodology, they’re re-analyzed utilizing a high-grade methodology consisting of both ICP-AES or atomic absorption spectrometry (AAS) methods.

Social Engagement

Clear Air Metals Inc. and its wholly-owned subsidiary Panoramic PGMs (Canada) Ltd. acknowledge that the Thunder Bay North Mission is on the normal territories of the Fort William First Nation, Pink Rock First Nation and Biinjitiwabik Zaaging Anishinabek. The events collectively are the Cooperating Members in a Memorandum of Settlement dated January 9, 2021.

The Firm can also be in discussions with Pink Sky Metis Unbiased Nation and the Metis Nation of Ontario and different non-proximate First Nation communities. Woodland Heritage Northwest, a Metis-owned consultancy has been retained to conduct archaeological research on the Thunder Bay North Mission and surrounding areas.

About Clear Air Metals Inc.

Clear Air Metals’ flagship asset is the 100% owned, excessive grade Thunder Bay North Mission, a platinum, palladium, copper, nickel venture positioned close to the Metropolis of Thunder Bay, Ontario and the Lac des Iles Mine owned by Impala Platinum. The Clear Air Metals venture hosts the Present Lake Deposit and magma conduit and the Firm is actively exploring the Escape Lake Deposit, a twin construction to the Present Lake Deposit. Govt Chairman Jim Gallagher and CEO Abraham Drost lead an skilled crew of geologists and engineers who’re utilizing the Norilsk magma conduit stratigraphic and mineral deposit mannequin to information ongoing exploration and improvement research. As the previous CEO of North American Palladium Ltd. which owned the Lac des Iles Mine previous to the sale to Impala Platinum in December 2019, Jim Gallagher and crew are credited with the mine turnaround and creation of great worth for shareholders.

ON BEHALF OF THE BOARD OF DIRECTORS

“Abraham Drost”
Abraham Drost, Chief Govt Officer of Clear Air Metals Inc.

Neither the TSX Enterprise Trade nor its Regulation Companies Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Trade) accepts accountability for the adequacy or accuracy of this launch.

Cautionary Word

The data contained herein comprises “forward-looking statements” inside the which means of relevant securities laws, together with statements relating to the potential of the Thunder Bay North Mission and the Escape Lake and Present Lake deposits and timing of technical research (embody the preliminary financial evaluation) and mineral useful resource estimates. Ahead-looking statements relate to data that’s based mostly on assumptions of administration, forecasts of future outcomes, and estimates of quantities not but determinable. Any statements that categorical predictions, expectations, beliefs, plans, projections, targets, assumptions or future occasions or efficiency should not statements of historic truth and could also be “forward-looking statements.” Ahead-looking statements are topic to a wide range of dangers and uncertainties which may trigger precise occasions or outcomes to vary from these mirrored within the forward-looking statements, together with, with out limitation: political and regulatory dangers related to mining and exploration; dangers associated to the upkeep of inventory change listings; dangers associated to environmental regulation and legal responsibility; the potential for delays in exploration or improvement actions or the completion of feasibility research; the uncertainty of profitability; dangers and uncertainties referring to the interpretation of drill outcomes, the geology, grade and continuity of mineral deposits; dangers associated to the inherent uncertainty of manufacturing and price estimates and the potential for sudden prices and bills; outcomes of prefeasibility and feasibility research, and the chance that future exploration, improvement or mining outcomes is not going to be per the Firm’s expectations; dangers associated to commodity value fluctuations; and different dangers and uncertainties associated to the Firm’s prospects, properties and enterprise detailed elsewhere within the Firm’s disclosure document. Ought to a number of of those dangers and uncertainties materialize, or ought to underlying assumptions show incorrect, precise outcomes could range materially from these described in forward-looking statements. Traders are cautioned in opposition to attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Firm doesn’t assume any obligation to replace or revise them to replicate new occasions or circumstances, besides in accordance with relevant securities legal guidelines. Precise occasions or outcomes may differ materially from the Firm’s expectations or projection.

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View unique content material:https://www.prnewswire.com/news-releases/clean-air-metals-reports-new-drill-results-from-both-the-current-lake-and-escape-lake-deposits-of-the-thunder-bay-north-project-including-76-7m-of-5-67gt-pdeq-with-21-0m-of-9-98gt-pdeq-301369934.html

SOURCE Clear Air Metals Inc.

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View unique content material: http://www.newswire.ca/en/releases/archive/September2021/07/c8731.html



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