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02:39 PM EDT, 03/31/2022 (MT Newswires) -- Clean Air Metals Inc. (AIR.V) shares were up 6.4% on Thursday afternoon after the company disclosed new assay results from the 2022 drill campaign in the Escape Deposit Steepledge extension at its Thunder Bay North Project near Thunder Bay, Ontario, Canada. According to a statement, "hole ELR22-115 which intersected 15.0m grading 1.73g/t Platinum (Pt), 1.92g/t Palladium (Pd), 0.70% Copper (Cu) and 0.30% Nickel (Ni) from 237.5m-252.5m downhole including 2.8m grading 2.86 g/t Platinum (Pt), 3.05g/t Palladium (Pd), 1.18% Copper (Cu) and 0.38% Nickel (Ni) from 246.40-249.18m downhole." In addition, the Escape Deposit underwent an additional 37,000m of expansion drilling last year and created continuity between the Escape South High Grade Zone and the Steepledge Extension and and may add "materially" to the Thunder Bay North Project Indicated mineral resource (effective November 1, 2021) of 14,553,324 million tonnes grading 8.12 g/t platinum-equivalents (PtEq) (reported December 1, 2021). "Assay results to date suggest good continuity of mineralization between sections along the 900m trend of mineralization between the Escape South High Grade Zone (HGZ) (>5g/t Pt+Pd) and Steepledge South Zone," said CEO Abraham Drost. Price: 0.25, Change: +0.02, Percent Change: +6.38 |