Class<\/strong><\/p><\/td>Tonnes<\/strong><\/p><\/td>Au (gpt)<\/strong><\/p><\/td>Au (ounces)<\/strong><\/p><\/td><\/tr><\/thead>Indicated<\/strong><\/p><\/td>10,800,000<\/p><\/td> | 1.05<\/p><\/td> | 360,000<\/p><\/td><\/tr> | Inferred<\/strong><\/p><\/td>8,300,000<\/p><\/td> | 0.92<\/p><\/td> | 247,000<\/p><\/td><\/tr><\/tbody><\/table> - A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves; and<\/span><\/li>
- The issuer is not treating the historical estimate as current mineral resources or mineral reserves \u201c<\/span><\/li>
- \u00a0<\/span>Information relating to this historical estimate is summarized from a technical report authored by Todd McCracken, P.Geo. of Wardrop Engineering Inc entitled \u201cNI 43-101 Technical Report and Resource Estimate of the DAC Deposit, Destiny Property, Quebec\u201d effective March 1, 2011 filed on SEDAR for Alto Ventures Ltd (now Big Ridge Gold Corp).<\/span><\/li>
- The 2011 Report was compiled in accordance with Canadian Institute of Mining (2005) standards and best practices for Mineral Resources, adhering to NI 43-101. Alto Ventures established a QAQC program that was reviewed by the independent QP who accepted the data as suitable for mineral resource estimation at that time.<\/span><\/li>
- Capped gold grade was interpolated using IDW method into a block model constrained by mineralized domains. Parameters used include a cut-off grade of 0.5 g\/t Au, Au price of US$973\/Oz, US$ to CAD$ conversion of 1.02, Au recovery 94%, 4:1 Strip ratio, Operating cost of $14.30\/t at 10,000 tpd, density of 2.76<\/span><\/li>
- In accordance with NI 43-101 as defined in 2011, the DAC historical estimate used the terms inferred and indicated mineral resource having the same meanings ascribed to those terms by the CIM Definition Standards on Mineral Resources and Mineral Reserves.<\/span><\/li>
- There are no more recent estimates available to the issuer. There are only 17 drill holes totalling approximately 4,485 m completed that are not included in the 2011 historical estimate, with only one hole being within the historical estimate area.<\/span><\/li>
- A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves; and<\/span><\/li>
- The issuer is not treating the historical estimate as current mineral resources or mineral reserves \u201c<\/span><\/li><\/ul><\/li><\/ul>
\u00a0<\/p> The Destiny Project now places Clarity within regional proximity to projects from the likes of Newmont, Osisko, Amex, Bonterra, IAMGOLD, Yamana, Agnico Eagle, and Probe Metals.<\/span><\/p>Lesser Explored Region<\/strong><\/h5>However, with it being positioned along the Chicobi Fault Zone, Clarity has the opportunity to explore one of the lesser drilled regional deformation corridors in a region that has already given us many great discoveries.<\/span><\/p>The property has shown gold mineralization open to depth and along strike with mineralization occurring in high-grade quartz veins<\/strong> within shear zones starting at 15m below the surface (drill results include 167g\/t Au over 1 m, 6.15g\/t Au over 23.6m, 19.49g\/t Au over 2.7m,\u00a0 90.3g\/t Au over 1m<\/strong>).<\/span><\/p>Being approximately 75 km NNE of Val d\u2019Or with road access, it offers excellent infrastructure, low development costs, and significant exploration potential for discovering new deposits.<\/span><\/p>Recently Completed 10,000m Drill Program\u00a0<\/b><\/h5>Since optioning the Destiny project, the Clarity team has been on a mission to prove their asset. They recently completed a 10,826m diamond drilling program in late July, of which the initial results were released in June.\u00a0<\/span><\/p>Those preliminary results included 32.67g\/t over .45m and 18.64g\/t over 2.10m<\/strong>, meriting well-enough validation for Clarity to continue pushing forward with their exploration program. To date Clarity has released approximately 2600m of their 10,826m drill program.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
| | | | | | |