VANCOUVER, BC–(Marketwired – October 25, 2016) – Clean Commodities Corp. (TSX VENTURE: CLE) (“Clean Commodities” or the “Corporation”) is pleased to report that it has completed an inaugural reconnaissance field program at its Labrador Trough Project (the “Property”), located approximately 100 km north of Schefferville, Quebec.
The 2016 exploration program was completed over five days in early October and was comprised of prospecting and sampling of outcrop and boulders of mafic to ultramafic lithologies, as well as soil/till sampling. A total of 85 prospecting rock samples and 96 soil/till samples were collected over the course of the field program.
An objective of the program was to ascertain the potential of the Property to host mineral occurrences similar to the copper, nickel, and platinum group element (PGE) mineralization reported by Northern Shield Resources Inc., on its immediately adjacent Huckleberry Project (“Huckleberry”), which in turn is under option to South32 Limited.
Maps of the Corporation’s Labrador Trough Project may be found at: http://www.cleancommodities.com/labrador-trough-pge-project
Labrador Trough Project — Western Half
The brief field work over the western half of the Property focused on locating mineralized outcrop or boulders along trend of the outcrops that are host to the mineral occurrences at Huckleberry.
The Corporation is pleased to report the discovery of similar mafic to ultramafic lithologies to that reported at Huckleberry, including the discovery of a semi-massive sulphide bearing boulder (Figure 1), as well as a sulphide globule bearing gabbro boulder (Figure 2) at the Project.
The identification of sulphide globules within a gabbroic rock unit is particularly significant because they are often known to occur in close proximity to massive sulphide occurrences. Importantly, the boulders sampled were sub-angular to angular in nature, thus indicating they are not far travelled from the source. Additional interpretation is required to better ascertain glacial movement within the immediate discovery area, and thus constrain directional sourcing.
Due to the time of year, weather conditions prevented follow-up ground work from being completed, with the vast majority of the Property remaining to be prospected.
Figure 1: Semi-Massive Sulphide Bearing Boulder – http://ow.ly/Swrv305sxGw
Figure 2: Sulphide Globule Bearing Gabbro Boulder – http://ow.ly/B5DV305sxJf
Labrador Trough Project — Eastern Half
The eastern portions of the Labrador Trough Project surround the Séquoi Project of Northern Shield Resources Inc. No outcrop exposure was identified in the area leaving soil/till sampling as the primary means of evaluation for the program. Soil/till sampling is a valuable tool for evaluating the subsurface geology of an area when outcrop is not present (e.g. potentially mineralized dyke like bodies).
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 2016 program samples are in route to Activation Laboratories Ltd. in Ancaster, Ontario for base and precious metals analysis, with results to be reported when received.
Based on the encouraging results of the preliminary exploration program for the Property thus far, the Corporation intends to review additional field exploration opportunities for 2017. A tightly spaced airborne geophysical survey over portions of the Property, to further orient and prioritize prospecting targets, is also being considered.
The 2016 field program was completed on behalf of the Corporation by Dahrouge Geological Consulting Ltd.
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.
Image Available: http://www.marketwire.com/library/MwGo/2016/10/25/11G119352/Images/Figure_1_CLE_Labrador_Trough_Project_Semi_Massive_-79f94fcbd77490939677d41b7c1440aa.jpg
Image Available: http://www.marketwire.com/library/MwGo/2016/10/25/11G119352/Images/Figure_2_CLE_Labrador_Trough_Project_Globules_in_G-91683d17bdf89ce8bf0b6c86ecb2a251.jpg
Contact Info:
Ryan Kalt
Chief Executive Officer
604-652-1710
[email protected]
www.cleancommodities.com
