TSX runs higher on rate cut expectations
THUNDER BAY, ON – Clean Air Metals Inc . (TSXV:AIR)(FRA:CKU)(OTCQB:CLRMF) has announced significant assay results from its ongoing winter drilling program at the Thunder Bay North Critical Minerals Project (TBN). The company’s recent drilling intersected 41.0 meters grading 13.2 g/t Pt.eq, including a section of 10.0 meters with 1.57% Cu and 22.39 g/t Pt.eq. This discovery at the Current deposit suggests the presence of more extensive and higher-grade mineralization than previously estimated.
The reported high-grade zone remains open laterally and at depth, which could expand the exploration potential of the site. The company’s CEO, Mike Garbutt, expressed confidence in the results, indicating that the Current deposit hosts more near-surface high-grade mineralization than initially thought. The findings may contribute to a more robust production model for the deposit.
The drilling program aims to increase the size, number, and grade of high-grade areas at the Current deposit. The newly identified high-grade zone, located in the footwall of the deposit, indicates a broader distribution of mineralization. Such a structure is compared to the "Ballroom" structures beneath the JM Reef of the Stillwater Complex in Montana.
Vice President of Exploration, Lionnel Djon, highlighted the importance of borehole electromagnetic (BHEM) surveys in identifying high-value targets. The company plans to continue using BHEM to guide future drilling and define the extent of high-grade areas.
Clean Air Metals’ TBN project is strategically located near Thunder Bay, Ontario, and includes two deposits, the Current and Escape, with an indicated mineral resource of 13.8 Mt containing 2.4M Pt eq. oz. The company acknowledges the importance of the Thunder Bay North Critical Minerals Project’s location within traditional First Nations territories and emphasizes its commitment to respectful relationships with Indigenous communities.
The company invites shareholders and interested parties to meet with management at the upcoming PDAC convention in Toronto. The press release states that the information provided is based on a press release statement and contains forward-looking statements subject to risks and uncertainties.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.