Investors who are looking into metal stocks this week might consider having a look at the Clean Air Metals Inc (OTCMKTS:CLRMF) stock, which has emerged as one of the notable gainers over the course of the past week.
During that period, the stock has clocked gains of as much as 14% and on Tuesday, the company was in the news again. Yesterday, the company made an announcement with regards to the assay results from the drilling program that had been undertaken at the Thunder Bay North Project that is owned by Clean Air Metals.
Reports from key drilling programs can make or break mining companies and in the results announced yesterday, there was a fair bit of positivity that investors could consider. It has been revealed that the company has been successful in expanding the Escape Lake Deposit and shown that the extent of mineralization now stands at as much as 700m.
That is a major new development and one that investors would need to keep in mind. It should also be remembered that in a report published in January this year, the company had indicated that the Escape Lake Deposit had significant deposits.