from Clean Air Metals, Inc. (NASDAQ:CLRMF)
Clean Air Metals Reports 21.4 m Grading 7.64 g/t Pt.eq in Latest Drilling Results
THUNDER BAY, ON / ACCESS Newswire / February 27, 2025 / Clean Air Metals Inc. ("Clean Air Metals" or the "Company") (TSXV:AIR)(FRA:CKU)(OTCQB:CLRMF) is pleased to announce the first results from its ongoing winter drilling program at its 100%-owned Thunder Bay North Critical Minerals Project ("TBN"). Results from the first three (3) holes confirmed that the known areas of near-surface, high-grade mineralization at the Current deposit are more significant than initially thought. Assay results for the remaining 10 holes are pending and will be released when received.
Assay highlights:
21.4 m of 2.71 g/t Pt, 2.41 g/t Pd, 0.53% Cu and 0.28% Ni(7.64 g/t Pt.eq1; 2.56% Cu.eq2) from 96 m downhole in Hole CL25-002, including
3.83 g/t Pt, 3.37 g/t Pd, 0.68% Cu and 0.34% Ni (10.39 g/t Pt.eq1; 3.48% Cu.eq2) over 5.75 m from 100.3 m, and
4.20 g/t Pt, 3.76 g/t Pd, 0.89% Cu and 0.34% Ni (11.86 g/t Pt.eq1; 3.97% Cu.eq2) over 6.4 m from 111.0 m
49.0 m of 1.57 g/t Pt, 1.46 g/t Pd, 0.32% Cu and 0.21% Ni(4.63 g/t Pt.eq1; 1.55% Cu.eq2) from 74 m downhole in Hole CL25-001, including
2.91 g/t Pt, 2.67 g/t Pd, 0.55% Cu and 0.29% Ni (8.15 g/t Pt.eq1; 2.73% Cu.eq2) over 8 m from 96 m, and
2.74 g/t Pt, 2.42 g/t Pd, 0.53% Cu and 0.27% Ni (7.66 g/t Pt.eq1; 2.57% Cu.eq2) over 9 m from 110 m
Notes
1. Platinum equivalent are calculated as follows: Pt.eq = (Pt grade/31.1035 x $976 + Pd grade x 31.1035 x 86.2% x $966 + Cu grade x 2204 x 95.9% x $4.25 + Ni grade x 2204 x 57% x 6.98 + Au grade/31.1035 x 85% x $2,939 + Ag grade/31.1035 x 65.2% x $32.89) / $976 x 31.1035
2. Copper equivalents are calculated as follows: Cu.eq= (Cu grade x 2204 x $4.25 + Pt grade x 31.1035 x 80.6% x $976 +Pd grade x 31.0135 x 86.2% x $966 + Ni grade x 2204 x 57% x $6.98 + Au grade/31.1035 x 85% x $2,9392 + Ag grade/31.1035 x 65.2% x $32.89) / $4.25 / 2204
Equivalents are based on the following recoveries Pt 80.6%, Pd 86.2%, Cu 95.9% Ni 57%, Au 85%, Ag 65.2%; and metal prices from February 20, 2025, US Spot; Pt $976, Pd $966, Cu $4.25, Ni $6.98, Au $2939, Ag $32.89
Mike Garbutt, CEO of Clean Air Metals, remarked, "These latest results have validated our belief that the Current deposit hosts more near-surface high-grade mineralization than previously estimated. The impressive grade and significant thickness encountered during the recent drilling programs provide additional support for establishing a more robust, low-tonnage, high-grade production model. These results have also highlighted the critical importance of leveraging downhole geophysics to locate the highest-value mineralization targets at Current and Escape as we continue to advance the Thunder Bay North Project."
Table 1. Assays results from reported holes
Hole ID | From (m) | To (m) | Length (m) | Pt (g/t) | Pd (g/t) | Cu (%) | Ni (%) | Pt+Pd (g/t) | Cu+Ni (%) | Pteq1 (g/t) | Cueq2 (%) |
CL25-001 | 74.0 | 123.0 | 49.0 | 1.57 | 1.46 | 0.32 | 0.21 | 3.03 | 0.53 | 4.63 | 1.55 |
Incl | 96.0 | 104.0 | 8.0 | 2.91 | 2.67 | 0.55 | 0.29 | 5.58 | 0.84 | 8.15 | 2.73 |
And | 110.0 | 119.0 | 9.0 | 2.74 | 2.42 | 0.53 | 0.27 | 5.15 | 0.80 | 7.66 | 2.57 |
CL25-002 | 96.0 | 117.4 | 21.4 | 2.71 | 2.41 | 0.53 | 0.28 | 5.12 | 0.81 | 7.64 | 2.56 |
incl. | 100.3 | 106.0 | 5.75 | 3.83 |