Clarity Gold Intercepts Deepest Gold Mineralization to Date at 882m
Clarity Gold Corp. (CSE: CLAR, OTC: CLGCF) announced significant results from its latest drilling at the Destiny Project, highlighting its deepest gold mineralization to date at almost 900 meters. The drill results confirm the mineralized structure and open new exploration opportunities. The recently completed 10,826 m drilling program produced 27 holes, with 8 holes reported so far. Notably, one hole showed 0.24 g/t over 28 meters, and another 0.82 g/t over 4.15 meters, indicating potential for expansion. Clarity anticipates further results as it continues its evaluation of the mineralized system.
- Significant gold mineralization encountered at a depth of nearly 900 meters.
- Potential for expansion in exploration opportunities due to deeper drilling.
- Recent drilling program completed 27 holes totaling 10,826 m.
- Average recovery for the reported hole is 99.29%.
- None.
VANCOUVER, British Columbia, Sept. 15, 2021 (GLOBE NEWSWIRE) -- Clarity Gold Corp. (“Clarity” or the “Company”) (CSE: CLAR, OTC: CLGCF, FSE: 27G) is pleased to announce results from the deepest hole to date on the Destiny project, one of 27 holes of the recently completed 10,826 m diamond drilling program at the Destiny Project in the Abitibi Greenstone Belt.
The results in this press release are from one hole completed on the central portion of the DAC Zone that was designed to confirm the mineralized structure at depth. The results of this drilling will play an important role in the continued exploration of the Destiny Project.
“The company is thrilled to have intersected the deepest gold mineralization to date on our flagship project,” stated CEO, James Rogers. “This hole was designed to test the mineralized structure at depths not previously drilled and has identified elevated gold mineralization at a drill depth of nearly 900 meters, which is more than three times the average historic drilling depth of the Destiny Project. This undoubtedly opens up great additional exploration opportunities for the project in a gold camp in which the deepest mines are currently operating at depths up to 2,300 m.”
Table 1 Significant Intercepts
| Drillhole | From (m) | To (m) | Width* (m) | Grade (g/t) |
| DES21-168 | 775.00 | 803.00 | 28 | 0.24 |
| and | 882.00 | 889.65 | 7.65 | 0.46 |
| including | 882.90 | 886.50 | 4.15 | 0.82 |
| including | 885.60 | 886.55 | 0.95 | 2.43 |
*Assay results are reported in core length. True width is estimated to be between
About the Recently Completed Drilling Program
To date, the Company has released 8 holes comprising approximately 3597 m of 10,826 m from 27 recently completed holes. The Company looks forward to updating further as additional results are received and as we continue to interpret these results as we evaluate bulk tonnage and high-grade models for the Destiny Project.
With the exception of DES21-158, which was abandoned and restarted as DES21-159, all drilling on the project, so far in 2021, has intercepted anomalous gold and confirmed the presence of the quartz carbonate altered and mineralized shear zone. Gold occurs as free gold and in association with pyrite and chalcopyrite as observed in thin section and in drill core.
The drillholes in this program concentrated on infilling historic drilling in the DAC and GAP Zones, and confirmation of historic drilling which identified mineralization in these areas.
Table 2 Highlights from the first batch of assay results previously released on June 16, 2021.
| Drillhole | From (m) | To (m) | Width* (m) | Grade (g/t) |
| DES21-156 | 329.15 | 334.40 | 5.25 | 3.68 |
| including | 329.70 | 331.80 | 2.10 | 18.64 |
| and | 331.35 | 331.80 | 0.45 | 32.67 |
| DES21-157 | 230.50 | 234.95 | 4.45 | 3.79 |
| including | 230.50 | 231.30 | 0.80 | 20.36 |
| DES21-160 | 388.00 | 396.00 | 8.00 | 1.57 |
| including | 391.00 | 392.00 | 1.00 | 4.99 |
| including | 394.00 | 395.00 | 1.00 | 3.68 |
| DES21-160 | 435.45 | 436.70 | 1.25 | 4.88 |
| DES21-161 | 277.50 | 280.15 | 2.65 | 6.97 |
| including | 278.05 | 279.00 | 0.95 | 15.80 |
| DES21-162 | 304.00 | 325.00 | 21.00 | 0.98 |
| including | 319.00 | 321.30 | 2.30 | 4.48 |
*Assay results are reported in core length. True width is estimated to be between
Table 3 Coordinates are in UTM NAD83 Zone 18N
| Hole ID | Easting | Northing | Total Depth (m) | Azimuth | Inclination |
| DES21-168 | 317346 | 5402225 | 965 | 160 | -80 |
Figure 1 - Plan map of drilling in DAC Zone on the Destiny Project showing historic collars and released holes from 2021 program.
https://www.globenewswire.com/NewsRoom/AttachmentNg/3b720486-3c7a-4181-8bad-5c60ee9d1a84
Quality Control and Reporting Protocols
Drill core is transported to a facility in Val d’Or where it is logged, photographed, and sampled. Once logging is complete, samples of half core are sawed, prepared and securely shipped to Bureau Veritas Laboratories in Timmins for processing and analysis, an independent, ISO 17025 certified facility. Samples were crushed to
About the Company’s Flagship Destiny Project
Clarity Gold also anticipates additional results from their continued exploration efforts on the flagship Destiny Project. The company recently completed a 10,826 m drill campaign, with samples currently being processed by Bureau Veritas and are anticipated shortly.
- Option to acquire
100% ownership. - Located in the historic, mineral rich Abitibi Greenstone Belt.
- Gold mineralization occurs in high-grade quartz veins within shear zones starting at 15 m below surface.
- Historic Drilling results include:
- 167 g/t Au over 1 m (from 221.7 m)
- 6.15 g/t Au over 23.6 m (from 117.2 m)
- 19.49 g/t Au over 2.7 m (from 166.0 m)
- The Historical Estimate at the DAC Zone is open along strike with only coarse drilling denoting high grade intercepts outside of the 2011 Historical Estimate area showing expansion potential along strike from the DAC Zone over approximately 2.5 km to the Darla Zone.
- Excellent infrastructure – ~75 km NNE of Val d’Or with road access.
- Drilling on the property to date exceeds 60,000m
The Destiny Project is located in the prolific Abitibi Greenstone Belt where more than 190 million ounces of gold have been produced historically along major structural breaks within the assemblage of Archean-age volcanic, sedimentary and intrusive rocks. The Destiny Project lies along the approximately 400 km long Chicobi Deformation Zone, a major structural break which is largely underexplored in the Abitibi Greenstone Belt.
The 5,013 ha project includes the DAC Zone, one of several gold zones along an approximately 6 km long segment of the Despinassy Shear Zone within the Chicobi Deformation Zone. Approximately 2.5 km east along strike of the DAC Zone is the Darla Zone. In between the Darla and DAC is the coarsely drilled GAP zone where 2012 drilling intercepted anomalous gold in all 12 holes which were spaced 100 m apart.
The current exploration potential is based on decades of past work on the Destiny Project. Exploration of the Destiny Project dates back to the 1930s. The first concerted diamond drilling campaign was conducted in 1998.
Previous work on the property can be summarized as follows:
- 172 Diamond drill holes comprising approximately 50,400 m
- Reconnaissance till sampling from 11 Sonic drill holes
- 2,430 MMI geochemical samples
- 982 line km of airborne VTEM surveys
- 171 line km of ground magnetics surveys
- 128 line km of IP
Qualified Person
Mr. Rory Kutluoglu P. Geo., a member of the advisory board and a consultant of the Company, is the Qualified Person (“QP”) under NI 43-101 for the technical information in this news release and has verified the data disclosed for the Destiny Project and approves the technical contents contained in this news release.
About Clarity
Clarity Gold Corp. is a Canadian mineral exploration company focused on the acquisition, exploration and development of gold projects in Canada. The Company has entered into an option agreement to purchase
ON BEHALF OF THE BOARD
“James Rogers”
Chief Executive Officer
Tel: 1 (833) 387-7436
Email: info@claritygoldcorp.com
Website: claritygoldcorp.com
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:
This news release contains forward-looking statements. All statements, other than statements of historical fact that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements in this news release include statements regarding: that the Company looks forward to releasing remaining results as it receives outstanding data from the laboratory and continues to build its understanding of the mineralized system; that the Company looks forward to updating further as additional results are received and as it continues to interpret these results as it evaluates bulk tonnage and high-grade models for the Destiny Project.
The forward-looking statements reflect management’s current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially from those discussed in the forward-looking statements including: that the drilling may not go as planned or start when expected; that the Company may experience difficulties in drilling and carrying out related work; changing costs for mining and processing; increased capital costs; the timing and content of upcoming work programs; geological interpretations based on drilling that may change with more detailed information; the risk that the Company may lose access to the property; the risks that the Company may not find any minerals in commercially feasible quantities; that the Company may not raise enough money to fund its exploration plans; uncertainty of development plans and cost estimates; commodity price fluctuations; political or economic instability and regulatory changes; currency fluctuations; the state of the capital markets; uncertainty in the measurement of mineral reserves and resource estimates; the Company’s ability to attract and retain qualified personnel and management; potential labour unrest; uncertainty as to reclamation and closure requirements for its mineral properties; unpredictable risks and hazards related to the exploration and development and operation of a mine or mineral property that are beyond the Company’s control; and other risks and uncertainties identified under the heading “Risk Factors” in the Company’s continuous disclosure documents filed on SEDAR. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, undue reliance should not be put on such statements due to their inherent uncertainty. Factors that could cause actual results or events to differ materially from current expectations include general market conditions and other factors beyond the control of the Company. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.
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