{"id":19973,"date":"2023-01-17T08:08:45","date_gmt":"2023-01-17T16:08:45","guid":{"rendered":"https:\/\/marketdepth.com\/?p=19973"},"modified":"2023-01-18T10:56:23","modified_gmt":"2023-01-18T18:56:23","slug":"clarity-reports-positive-preliminary-results-and-identifies-target-on-lithium381-project","status":"publish","type":"post","link":"https:\/\/marketdepth.com\/clarity-reports-positive-preliminary-results-and-identifies-target-on-lithium381-project\/","title":{"rendered":"Clarity Reports Positive Preliminary Results and Identifies Target on Lithium381 Project"},"content":{"rendered":"\n

VANCOUVER, British Columbia, Jan. 17, 2023 (GLOBE NEWSWIRE) — Clarity Metals Corp. (\u201cClarity<\/strong>\u201d or the \u201cCompany<\/strong>\u201d) (CSE: CMET, OTC: CLGCF, FSE: 27G0) is pleased to report preliminary resistivity results from a recently completed IP\/Resistivity survey over a portion of the Lithium381 property (the \u201cProperty<\/strong>\u201d) located in Quebec adjacent to Allkem Limited\u2019s James Bay Lithium Property.<\/p>\n\n\n\n

The Preliminary results have identified a target for follow up that shows as a 1.5 km EW-oriented area of relative high resistivity values (Figure 1). In comparison with Alkem\u2019s James Bay Lithium Property a survey completed in 2008, 800 m to the southwest of our property, showed resistivity highs to be coincident with lithium bearing pegmatites (Figures 1 &2), which host a deposit with an Indicated Resource of 40.8 Mt @1.40% Li2<\/sub>O. The James Bay Lithium deposit is slated to start construction in Q1 2023. (Source: Allkem Feasibility Study filed by Allkem on SEDAR on January 11, 2022). A direct comparison of resistivity strength between the two surveys is not possible given varied overburden depth and other factors.<\/p>\n\n\n\n

James Rogers CEO of Clarity comments: \u201cThese first results from the extensive geophysical evaluation of the Lithium381 project provide an excellent resistivity high target to further focus our exploration. At the adjacent Allkem James Bay Lithium Project the deposit occurs within resistivity highs supports our exploration ethos for our project.\u201d<\/p>\n\n\n\n

The IP\/Resistivity Survey<\/strong><\/p>\n\n\n\n

The IP\/resistivity survey over a portion of the Lithium381 Property was performed by TMC G\u00e9ophysique out of Val d\u2019Or Quebec. The survey was not performed over the entire property as previously reported in the Company\u2019s news releases dated December 20 and December 22, 2022. The grid line spacing was set at 100m, with the survey defined in a dipole-dipole configuration and 25 m measurements (n=10). Previous surveys conducted by Lithium One in 2008 (predecessor to Galaxy Lithium) and Allkem (2021) have shown high resistive values which in part correspond to granitic pegmatite dykes and bodies unearthed, which can contain spodumene, and drilled over the years (Figure 2). The last geophysical survey completed by TMC G\u00e9ophysique in 2021 indicated that the resistivity highs extended for 2.3km east of the Billy Diamond Road (James Bay Road) where spodumene granitic pegmatite dykes have been observed. Clarity and Genius Metals Inc. hope to outline similar resistivity targets to be investigated during subsequent exploration.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

Figure 1 Preliminary resistivity results on Lithium381 Project and Allkem Limited\u2019s 2008 IP Resistivity survey in the area of their open pit. Note the surveys are at different scales.<\/strong><\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

Figure 2. Contour map, apparent resistivity, Lithium One (2008)<\/strong><\/p>\n\n\n\n

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Figure 3 Location of Lithium381 Project showing nearby properties and total pit outline on Allkem\u2019s James Bay Lithium Project from the Allkem Feasibility Study.<\/strong><\/p>\n\n\n\n

The Lithium381 Property<\/strong><\/p>\n\n\n\n

The Property is located in Northern Quebec, Canada, approximately 3 km from the James Bay Road and the service station at KM381 which provides infrastructure to the local area.<\/p>\n\n\n\n

The 21 mineral claims comprising the 1107 ha property are contiguous with Allkem Limited\u2019s James Bay Lithium Property hosting a deposit with Indicated resources of 40.8 Mt @1.40% Li2<\/sub>O. The James Bay Lithium deposit is a lithium bearing pegmatite, which is slated to start construction in Q1 2023. (Source: Allkem Feasibility Study filed by Allkem on SEDAR on January 11, 2022).<\/p>\n\n\n\n

The Property has not previously been explored for lithium bearing pegmatites but is underlain primarily by amphibolite facies metasedimentary and minor metavolcanic rocks of the Lower Eastmain Group of the Eastmain Greenstone belt in the northeastern part of the Superior Province; the same host rocks of the adjacent James Bay Lithium Deposit.<\/p>\n\n\n\n

Quebec has become a favourable jurisdiction for critical mineral exploration investment with its \u20182030 Plan for a Green Economy\u2019 targeting a reduction in carbon emissions as well as its \u2018Plan for Development of Critical and Strategic Minerals (2020-2025)\u2019 which includes commitments to share financial risk and plans to improve infrastructure for projects in Northern Quebec.<\/p>\n\n\n\n

Clarity recently entered into an option agreement to earn an undivided 50% right, title, ownership and beneficial interest of the Lithium381 Property from Genius Metals Inc., an arm\u2019s length public company listed on the TSX Venture Exchange (\u201cTSXV<\/strong>\u201d) (See Clarity news release of Dec 7, 2022).<\/p>\n\n\n\n

Qualified Person<\/strong><\/p>\n\n\n\n

Mr. Rory Kutluoglu P. Geo., a member of the advisory board and a consultant of the Company, is a Qualified Person as defined in National Instrument 43-101 \u2013 Standards of Disclosure for Mineral Projects<\/em> and has reviewed the technical information in this news release.<\/p>\n\n\n\n

About Clarity<\/strong><\/p>\n\n\n\n

Clarity Metals Corp. is a Canadian mineral exploration project generator company focused on the acquisition, exploration and development of precious and base metals projects. Clarity\u2019s exploration mandate is global and focused on countries with established legal and regulatory systems supporting mining investment. The Company is based in Vancouver, British Columbia, and is listed on the CSE under the symbol \u201cCMET\u201d.<\/p>\n\n\n\n

Clarity recently entered into an option agreement to acquire 50% of the Lithium381 Project adjacent to Allkem Limited\u2019s (\u201cAllkem\u201d) James Bay Lithium feasibility stage project. See Clarity news release dated December 7, 2022.<\/p>\n\n\n\n

The Company was also recently assigned an option to acquire 100% of the Fecteau project located in the prolific Abitibi gold belt adjacent to Osisko Mining\u2019s Windfall project. See Clarity news release dated November 22, 2022.<\/p>\n\n\n\n

Additionally, Clarity has title on several early-stage projects in British Columbia and Newfoundland:<\/p>\n\n\n\n