CLARITY METALS CORP - CLGCF STOCK NEWS

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.

Clarity Gold Corp. will officially change its name to Clarity Metals Corp. on December 15, 2022, with the new ticker symbol 'CMET'. This change aligns with the company's diversified asset portfolio, specifically its recent option agreements to acquire stakes in the Lithium381 and Fecteau projects. Additionally, Clarity has entered into various marketing agreements, including a EUR€50,000 contract with Milestone Capital for investor relations and a US$60,000 deal with Native Ads for digital marketing. The company's strategic focus remains on precious and base metals projects.

Clarity Gold Corp. has signed an option agreement with Genius Metals to acquire a 50% interest in 21 mineral claims spanning approximately 1107 hectares in Northern Quebec. This strategic acquisition is near Allkem's James Bay Lithium project, which contains significant lithium resources. To maintain the option, Clarity must invest $750,000 in exploration by the end of 2024 and issue 720,000 shares. The move opens Clarity to the lucrative lithium market, as Quebec promotes investments in critical minerals. A concurrent private placement seeks to raise up to $1 million for corporate needs.

Clarity Gold Corp. has entered into an Assignment Agreement with Opus One Resources Corp. to acquire a 100% interest in the Fecteau Property in Quebec. The agreement allows Clarity to explore new mineralization opportunities, including VMS and mesothermal gold. Key highlights include five new exploration targets and various gold showings, with notable drilling results of up to 7.09 g/t Au. Clarity will pay Opus One $60,000, along with potential future share issuances and exploration expenditures totaling nearly $400,000. The strategic acquisition positions Clarity for growth in the mineral exploration sector.

Clarity Gold Corp. has acquired three mineral exploration properties in Newfoundland and Labrador totaling 4,650 hectares. The acquisition includes the Harp Lake Nickel Property, Eddies Cove MVT Property, and Hare Bay Nickel Property, finalized under a Purchase Agreement on August 23, 2022. The deal involved cash consideration of $15,000 and the issuance of 4,000,000 common shares at $0.10 each. The properties are strategically located near known mineral resources and may present significant exploration potential.

Clarity Gold Corp. (CSE: CLAR, OTC: CLGCF) provides a corporate update highlighting its financial stability with a treasury of approximately $2.7 million and three wholly owned exploration projects in British Columbia. The company is awaiting results from its 2021 exploration program at the Empirical Copper Gold Project and plans to commence exploration for the 2022 season. The project, located south of Lillooet, covers 10,518 ha and hosts multiple copper and molybdenum showings, with past drilling intersecting 3.67 g/t gold over 21 m.

Clarity Gold Corp. (CSE: CLAR, OTC: CLGCF) has announced its decision to cancel the exploration program under the Option Agreement with Big Ridge Gold Corp. for the Destiny Project. Clarity will avoid a cash payment of $750,000 and issuing shares worth $1 million. The company aims to preserve its financial resources for advancing other assets. CEO James Rogers stated that drilling results did not support the exploration thesis. Clarity will retain ownership of two lots within the Destiny Project and is awaiting further results from its Empirical Project.

Clarity Gold Corp. (CSE: CLAR, OTC: CLGCF) announced the third tranche of results from its 10,800-meter diamond drill program at the Destiny Project in the Abitibi Greenstone Belt. Key highlights include significant gold intercepts such as 1.34 g/t Au over 14.25 m in hole DES21-171 and 1.22 g/t Au over 30 m in DES21-170. The results confirm the presence of mineralization in the DAC and Gap Zones, aiding ongoing evaluations of the mineralized structure. The company aims to further interpret these findings to enhance project development.

Clarity Gold Corp. has exercised its option to acquire 100% ownership of the Empirical Project, enhancing its project portfolio. The recent work program from September 8 to 27, 2021, involved 67 man-days of exploration, including extensive mapping and sampling across multiple copper showings. The program cost CAD $160,243.65, ensuring claims remain active for two years. Analytical results are pending, while Clarity continues to explore its flagship Destiny Project, which has a recent 10,826 m drill campaign underway.