VANCOUVER, BC–(Marketwired – December 09, 2016) – Clean Commodities Corp. (TSX VENTURE: CLE) (“Clean Commodities” or the “Company”) is pleased to report lab results of soil/till geochemical analysis on samples collected in early October during its inaugural reconnaissance field program at its Labrador Trough Project (the “Property”), located approximately 100 km north of Schefferville, Quebec.
The Company confirms the results of its inaugural soil/till sampling campaign from the Labrador Trough Project are highly encouraging and indicate that several distinct and prospective Ni-Cu-PGE targets are present on the Property.
In addition to in-fill potential at the identified target areas, large portions of the Property also remain without sampling, thus providing significant follow-on opportunities.
The first phase sampling program included the collection of 96 soil/till samples over the Property, with geochemical analysis outlining four distinct clusters of anomalous or elevated nickel (Ni), copper (Cu), cobalt (Co) and platinum group element (PGE) mineralization, up to several times background. Such mineralization is often associated with mafic/ultramafic intrusions. Based on the lab data received, there appears to be a distinct and coincident relationship between the nickel, copper, cobalt, and PGE sample results.
Geochemical/Magnetic Maps
The geochemical data and underlying sub-surface magnetics are presented in a series of maps at the following link:
Clusters A1, A2, A3, and A4
Cluster A1 is located immediately north of the SQ8 VTEM anomaly present on the Séquoi Property belonging to Northern Shield Resources Inc. (“Northern Shield”). The anomalous cluster hosts several samples over 200 ppm Ni and 100 ppm Cu, with coincident anomalous PGEs and Co. These Ni and Cu values are several times higher than that reported from the area of the SQ8 anomaly by Northern Shield in their news release dated November 22, 2016.
Cluster A2 is located approximately 4 km southeast of Cluster A1, immediately adjacent to the southern border of the Séquoi Property of Northern Shield. This anomaly is smaller than A1, potentially due to smaller sample coverage; however, is of similar magnitude, including samples of over 200 ppm Ni and 100 ppm Cu.
Both Cluster A1 and A2 occur over the northern and southern ends of a regional magnetic high, indicating a favourable bedrock geologic environment is present on the Property.
Cluster A3 is located in a northeastern area of the Property and is marked by the highest Cu value of the program at 222 ppm, coincident with elevated Ni and PGEs. Additionally, the cluster is coincident with a distinct magnetic high signature, indicating favourable bedrock geology in the area. The area immediately south of the anomaly is under a lake which may be masking further targets; however, the area remains a prime target for ground follow-up as well as of prime interest for airborne EM surveying.
Cluster A4 is located in the southern area of the Property where a single north-south line of soil/till samples was collected. The discrete anomaly extends for approximately 5 km, with five samples returning over 200 ppm Ni, including the highest value of the program at 247 ppm Ni. The cluster is further defined by Cu, PGE, and Co anomalies. Additionally, the anomalous trend is coincident with a regional magnetic high, indicating favourably bedrock geology may be present.
The 2016 exploration program was completed over five days in early October and consisted of the soil/till sampling program, as reported herein, as well as prospecting and sampling of outcrop and boulders of mafic to ultramafic lithologies (see our news release dated October 25th, 2016). The geochemical analysis of the 85 prospecting rock samples collected remain to be reported.
The conceptual exploration model for the area postulates multiple, dyke- and/or sill like bodies emanating from a magma chamber at depth. The model suggests that the high-level intrusives, when contaminated with sulfur derived from the local sedimentary rocks, resulted in the deposition of numerous nickel-copper massive sulphide occurrences within the region. These occurrences are interpreted to be responsible for a highly anomalous glacial dispersion train of nickel-copper anomalies in lake sediments, spread along hundreds of kilometres within the southern part of the Labrador Trough, northeast of Schefferville.
All soil/till samples reported herein were analyzed by Activation Laboratories Ltd. in Ancaster, Ontario for base and precious metals using their 1F2 and 1CExp2 packages, respectively.
Management cautions that past results or discoveries on adjacent properties (i.e. Huckleberry, Séquoi) may not necessarily be indicative to the presence of mineralization on the Company’s properties (Labrador Trough).
Qualified Person
Darren L. Smith, M.Sc., P.Geol., Dahrouge Geological Consulting Ltd., a Qualified Person as defined by National Instrument 43-101, has reviewed the technical information in this news release.
About Clean Commodities Corp.
Clean Commodities Corp. (TSX VENTURE: CLE) is an exploration company holding a diverse portfolio of clean commodity assets including lithium, uranium, and PGE projects. For more information, please visit www.cleancommodities.com.
Signed,
Ryan Kalt, Chief Executive Officer
Forward-Looking Statements
This news release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently expected or forecast in such statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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Contact Info:
Ryan Kalt
Chief Executive Officer
604-652-1710
[email protected]
www.cleancommodities.com
