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Clarity Metals Corp. (CSE: CMET, OTC: CLGCF) has announced the execution of an early exercise agreement on January 31, 2023, to acquire a 100% interest in the Fecteau Gold Project in Quebec. The acquisition involves a cash payment of $35,000 and the issuance of 185,185 common shares at $0.27 each. The company will also enter a royalty agreement, offering a 2.0% net smelter return royalty, which can be reduced to 1.0% upon a $1.5 million payment. The Fecteau Gold Project, located near Osisko's Windfall Lake Project, has shown promising exploration results, including multiple significant gold and copper samples.
Clarity Metals Corp. (CSE: CMET, OTC: CLGCF) has submitted a drilling permit application following positive preliminary results from an IP/Resistivity survey on its Lithium381 property in Quebec. The permit proposes 27 drill pads to explore a 1.5 km area with high resistivity values, interpreted as potentially lithium-bearing. Clarity aims to advance its exploration efforts adjacent to Allkem Limited’s James Bay Lithium Property, which boasts significant resources. The company has also entered into an option agreement to acquire 50% interest in the property from Genius Metals Inc. The region is increasingly favorable for mineral exploration due to supportive government initiatives.
Clarity Metals Corp. (CSE: CMET, OTC: CLGCF) announced promising preliminary results from an IP/Resistivity survey on its Lithium381 property, located in Quebec, near Allkem Limited’s lithium project. The survey identified a 1.5 km area with high resistivity values, potentially indicating lithium-bearing pegmatites similar to those at Allkem’s adjacent property, which has a resource of 40.8 Mt at 1.40% Li2O. Clarity’s CEO, James Rogers, expressed optimism about these findings, positioning them to enhance exploration efforts at Lithium381. This property consists of 21 mineral claims covering 1107 ha and seeks to capitalize on the favorable geology of the region.
Clarity Metals Corp. (CSE: CMET, OTC: CLGCF) has provided an update on its exploration efforts at the Lithium381 property in Quebec, located near Allkem Limited’s James Bay Lithium Property. The company is conducting various surveys, including Induced Polarization and Resistivity, a remote sensing survey, and a triaxial magnetometer survey, to identify lithium-bearing pegmatite targets. The property encompasses 1,107 hectares with a promising geological setting. Clarity recently entered an agreement to acquire a 50% interest in the property, enhancing its strategic position in the lithium market.
Clarity Metals Corp. has announced the addition of a second drill rig to its ongoing 5000m diamond drilling program at the Fecteau Property. This initiative is part of an effort to explore high-priority targets identified through gold grain till sampling and targeted IP surveys. The drilling will focus on two mineralization types: VMS and mesothermal gold. Previous drills have shown promising copper-zinc-gold intersections. Operations may pause during the Christmas holidays. Clarity is also advancing its Lithium381 Project acquisition and holds interests in several early-stage projects across Canada.
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