VANCOUVER , Sept. 21, 2017 /CNW/ - Clean Commodities Corp. (TSX-V: CLE) ("Clean Commodities" or the "Corporation") is pleased to report that it has completed its inaugural field program at the Manitou Cobalt Project (the "Project"), located approximately 100 km northeast of Sept-Îles, Quebec .
The Manitou Cobalt Project encompasses the Lac Manitou property where several high-grade Ni-Cu-Co showings have been historically identified, as well as the Return Lake property where a significant airborne electromagnetic anomaly (known as the C1 Target) has been identified yet remains unexplored.
Clean Commodities is pleased to advise that it has discovered an approximate 1 km trend of gossan exposed along the valley which transects the heart of the C1 electromagnetic anomaly. In addition, the presence of various mafic to ultramafic rocks has been confirmed within the same area. Access by foot along the gossan was limited due to the steep terrain, with a large portion remaining to be assessed. Although massive sulphide was not identified where access was amenable, the data collected to-date does not explain the size, shape and intensity of the C1 Target anomaly.
The area remains a priority for further work. The presence of extensive gossan coupled with mafic to ultramafic rocks in the area and a yet to be explained source for the anomaly make the C1 Target anomaly of significant interest. The C1 Target anomaly continues to suggest good potential for massive sulphide mineralization of significance to be present under cover or at depth.
With respect to the Lac Manitou property, all four airborne electromagnetic anomalies were prospected (NE1, NE2, NE3, and NE7), as well as all known historic showings. The highest overall grades from the program were returned from the Arnold/Arnaud Showing on the Lac Manitou property, with several samples above 0.6% Cu (with one sample >1% Cu - above detection limit), 0.2% Ni, and 0.08% Co. The highest cobalt sample of the program was also collected from the Arnold/Arnaud Showing and returned 0.74% Cu, 0.22% Ni and 0.08% Co (852 ppm). Precious metals mineralization included several samples that exceeded 100 ppb Pt, to a peak of 162 ppb Pt. The highest gold assay (174 ppb Au) was collected at an unnamed showing area between the NE1 and NE2 anomalies.
The 2017 helicopter-supported exploration program was completed this summer over a thirteen day period and was comprised of prospecting and sampling of outcrop and boulders of mafic to ultramafic lithologies, as well as soil and stream sediment sampling. A total of 159 prospecting rock samples, 49 soil samples, and 5 stream sediment samples were collected during the course of the field program.
Maps of the Corporation's Manitou Cobalt Project may be found at:
http://www.cleancommodities.com/manitoucobaltproject
As a result of the field program, Clean Commodities expect to complete its earn-in pursuant to the option agreement with Canadian International Minerals Inc. for the Manitou Cobalt Project. Future exploration plans for the project are also being evaluated.
The 2017 field program was completed on behalf of Clean Commodities by Dahrouge Geological Consulting Ltd.
Qualified Person
Darren L. Smith , M.Sc., P.Geol., Dahrouge Geological Consulting Ltd., a Qualified Person as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release.
About Clean Commodities Corp.
Clean Commodities Corp. (CLE.V) is an exploration company involved in a diverse portfolio of clean commodity assets including lithium, cobalt, zeolite and uranium 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.
SOURCE Clean Commodities Corp.
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