Second Drill Rig Added to Fecteau Program
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.
- Addition of a second drill rig to expedite exploration at Fecteau Property.
- The ongoing drilling program targets high-priority VMS and mesothermal gold mineralization.
- Previous drilling has intersected anomalous copper-zinc-gold intervals, indicating potential.
- None.
VANCOUVER, British Columbia, Dec. 21, 2022 (GLOBE NEWSWIRE) -- Clarity Metals Corp. (“Clarity” or the “Company”) (CSE: CMET, OTC: CLGCF, FSE: 27G) is pleased to announce that a second drill rig was added to the ongoing drill program at the Fecteau Property for the planned 5000m of diamond drilling.
James Rogers CEO of Clarity comments: “The Company is pleased to have added a second drill rig to its ongoing exploration program at the Fecteau project where drill testing of high priority targets is currently underway.”
Drilling is set to 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 meter-scale 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.
Drilling operations are likely to take a brief pause over the Christmas holiday.
Figure 1 Fecteau Property geology map showing targets and proposed drill holes.
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; 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/99f2eb7b-cce1-41b0-91f4-45e16ed747a6
FAQ
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