Clarity Metals Begins Drilling on the Fecteau Property
Clarity Metals Corp. (OTC: CLGCF) has commenced a 5,000-meter diamond drilling program at the Fecteau Property in British Columbia. The project aims to test high-priority targets generated from gold sampling and targeted surveys. CEO James Rogers emphasized the significance of the program, which targets two mineralization types: VMS and mesothermal gold. Previous drilling has shown anomalous copper-zinc intervals associated with gold. The company is focused on expanding its mineral exploration portfolio, including recent acquisitions adjacent to significant lithium and gold projects.
- Commenced 5,000-meter diamond drilling at the Fecteau Property.
- Targeting high-priority mineralization types: VMS and mesothermal gold.
- Previous drilling indicated promising anomalous copper-zinc intervals.
- None.
VANCOUVER, British Columbia, Dec. 15, 2022 (GLOBE NEWSWIRE) -- Clarity Metals Corp. (“Clarity” or the “Company”) (CSE: CMET, OTC: CLGCF, FSE: 27G) is pleased to announce that drilling operations are underway with one drill rig at the Fecteau Property for a planned 5000m program of diamond drilling utilizing an existing trail network.
James Rogers CEO of Clarity comments: “The Company is pleased to have a drill turning on the Fecteau project testing a number of high priority targets.”
Drilling will test as many targets as possible which were generated by the Opus One team by means of gold in grain till sampling and targeted IP surveys. The property is known to host two types of mineralization: VMS (Cu-Zn-Au) and mesothermal gold. Both styles of mineralization will be targeted during this program.
VMS targets are represented in the field by numerous gossans of semi-massive to massive sulphides located along and near an east-west trending rhyolite-dacite contact observed over 10 km of strike. Past drilling near surface intersected anomalous copper-zinc intervals associated with anomalous gold.
Mesothermal gold bearing quartz veins are observed at both ends of the property (western and eastern portions) where the volcanic sequence is folded. East-west striking metric wide shear veins developed parallel to the axial plan of the folds. This drilling program will target potential down dip or down plunge extensions of the know mineralization.
Figure 1 Clarity Metals' Fecteau Project Targets.
Qualified Person
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 – Standards of Disclosure for Mineral Projects and has reviewed the technical information in this news release.
About Clarity
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’s 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 “CMET”.
Clarity recently entered into an option agreement to acquire
The Company was also recently assigned an option to acquire
Additionally, Clarity has title on several early-stage projects in British Columbia and Newfoundland:
- Empirical Gold Copper Molybdenite Property (10,518 ha) – Lillooet, B.C.
- Tyber Gold Copper Silver Property (928 ha) – Southeast Vancouver Island, B.C.
- Gretna Green Gold Copper Silver Property (1,331 ha) - Port Alberni, Vancouver Island, B.C.
- Harp Lake Nickel Property (3,452 ha) – Labrador, NL
- Eddies Cove MVT Property (450 ha) –NW Newfoundland
- Hare Bay Nickel Property (750 ha) –NW Newfoundland
To learn more about Clarity Metals Corp. and its projects please visit www.claritygoldcorp.com.
ON BEHALF OF THE BOARD
“James Rogers”
Chief Executive Officer
Tel: 1 (833) 387-7436
Email: info@claritygoldcorp.com
Website: www.claritygoldcorp.com
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: the drilling program on the Property; 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 Company may not complete the drilling program on the Property as proposed; that the Company may not be able to make the incur the expenditures on the Property; adverse market conditions; and other factors beyond the control of the parties. 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.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2d566104-a86e-40e0-8e9c-b2d36800be23
FAQ
What is the purpose of Clarity Metals' drilling program at Fecteau Property?
When did Clarity Metals start its drilling operations?
What is the stock symbol for Clarity Metals?
What types of mineralization will the drilling program target?
What historical findings support the current drilling program at Fecteau?
