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Be the first with the news that moves the market- Clean Air Metals (TSXV:AIR) has re-listed on the TSX Venture Exchange and is kicking off drilling at its Thunder Bay North project
- The 10,000-metre summer drill program will focus on the site’s Escape Lake deposit
- Clean Air Metals was previously known as the Regency Gold Corp, but the company changed its name to Clean Air Metals in April of this year
- This news comes after the company organised a C15 million financing deal with Canadian billion Eric Sprott, earlier in the year
- Clean Air Metals (AIR) is up 173 per cent and is trading at $0.36 per share with a market cap of $3 million
Clean Air Metals (TSXV:AIR) has re-listed on the TSX Venture Exchange and is kicking off drilling at its Thunder Bay North project.
Clean Air Metals was previously known as the Regency Gold Corp, but the company changed its name to Clean Air Metals in April of this year.
Clean air is now listed as a tier two mining issuer on the TSXV, and its shares have climbed a whopping 173 per cent since open.
The drill program will kick off in earnest this exploration season, when the weather warms enough for remote work to begin.
The deposit being drilled on the Thunder Bay North property has been named the Escape Lake mineralised horizon.
Phase one will begin with a 15- to 20-hole program each scheduled to drill to roughly 550 metres down, for 10,000 metres of total drilling work at the site.
The historic data available for the site shows a mineralised zone laying between 350 and 450 metres down along geographically open terrain.
The substantial program was made possible by a C$15 million financing deal the company struck with serial Canadian mineral financier Eric Sprott in February.
CEO of Clean Air Metals, Abraham Drost is happy the company has now relisted and can once again begin exploration at Thunder Bay.
“I am very gratified to be up and trading and commencing drill testing of the Escape Lake mineralized horizon,” he said.
Clean Air Metals (AIR) is up 173 per cent and is trading at C$0.36 per share at 12:45 pm EDT.
