Clarity Gold Corp. (CLAR.CN) (CLGCF.PK)

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CLARITY GOLD ANNOUNCES COMPLETION OF DIAMOND DRILLING PROGRAM

Vancouver, BC – July 27, 2021 – Clarity Gold Corp. (CSE: CLAR) (OTCPK: CLGCF) (FSE: 27G) (“Clarity” or the “Company”)  is pleased to announce the completion of 10,826 m of diamond drilling from 27 drill holes (the “Program”) at the Company’s flagship Destiny Project in the Abitibi Greenstone Belt.

 

The Program was completed under budget, and all samples collected have now been dispatched to the laboratory. The first batch of results from approximately 2600 m of this drilling were previously released (see Company news release dated June 16, 2021). Which included select highlight intercepts tabled below.

 

Table 1 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

 

 

The Company looks forward to updating further as results are received from the lab and interpreted.

 

The drill holes 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.

 

“The Company is very pleased to have completed our first significant drill program on the Destiny Project” stated CEO, James Rogers. “Our team worked diligently to complete the program as efficiently and safely as possible, while coming in well under budget. We look forward to releasing remaining results as we receive outstanding data from the laboratory and continue to build our understanding of the mineralized system.”

 

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.

 

Table 2 Coordinates are in UTM NAD83 Zone 18N

 

Hole ID Easting Northing Total Depth (m) Azimuth Inclination Comment
DES21-156 317421 5401793 423.00 180 -50
DES21-157 317251 5401759 403.35 180 -60
DES21-158 317336 5401755 105.00 150 -70 Hole Lost in structure and reset as DES21-159
DES21-159 317336 5401755 177.85 180 -50 Hole Lost in mineralized zone
DES21-160 317407 5401867 519.00 150 -50
DES21-161 317407 5401867 503.00 160 -50
DES21-162 317407 5401867 501.00 169 -48.5

 

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 70% passing 2mm and a 250g subsample was pulverized to 85% passing 75μm. The subsample was analyzed by a combination of fire assay with atomic absorption finish for gold and aqua regia digestion with an ICP-ES finish for a suite of 33 elements. Samples containing visible gold or which returned over 2.0 g/t Au were analyzed by metallic screen fire assay. The Company has established a QA/QC program consisting of inserting quality control (QC) samples at regular intervals in the sample stream, including blanks, duplicates, and reference materials.

 

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 the Destiny Project

 

  • 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)
    • 15 g/t Au over 23.6 m (from 117.2 m)
    • 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.
  • Considerable work done historically including over 50,000 m of diamond drilling.

 

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 commenced 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

 

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 100% of the Destiny Project, Clarity’s flagship asset, a gold-focused project in the mineral rich Abitibi region in Quebec. The Company is based in Vancouver, British Columbia, and is listed on the CSE under the symbol “CLAR”. To learn more about Clarity Gold 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: 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 first holes confirm the presence of mineralization on the western portions of the historic DAC resource estimate area; that the results will help build the Company’s understanding of the mineralized system which will continue to be enhanced as the Company receives more data from the ongoing drilling and the Company’s work with the recently announced Minerva Intelligence AI processing of the historic database; that the Company is focused on understanding the distribution of high-grade mineralization within the system; that the results in this press release are from holes completed on the western portion of the DAC Zone that were designed to infill and confirm the mineralized structure and anticipated mineralization identified in historic drilling; that the results of this drilling will play an important role in understanding the distribution of mineralization; that the Company looks forward to updating further as additional results are received and as the Company 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.

 

SOURCE:  Clarity Gold Corp.

CLARITY GOLD REPORTS HIGH GRADE GOLD INTERCEPTS INCLUDING 2.10 m of 18.64 gpt Au

Vancouver, BC – June 16, 2021 – Clarity Gold Corp. (CSE: CLAR) (OTC: CLGCF) (FSE: 27G)(“Clarity” or the “Company”) (CSE: CLAR, OTC: CLGCF, FSE: 27G) is pleased to announce the first analytical results from approximately 2,600 m of the ongoing 10,000 m diamond drill program at the Destiny Project in the Abitibi Greenstone Belt.

 

Selected Intercepts

Hole DES21-156: 3.68 g/t Au over 5.25 m, 18.64 g/t Au over 2.10 m and 32.67 g/t Au over 0.45 m

Hole DES21-157: 3.79 g/t Au over 4.45 m and 20.36 g/t Au over 0.80 m

Hole DES21-160: 4.88 g/t Au over 1.25 m

Hole DES21-161: 6.97 g/t Au over 2.65 metres, 15.80 g/t Au over 0.95 m

 

Maps showing hole locations and analytical results are available on the Company’s website claritygoldcorp.com

 

The results in this press release are from holes completed on the western portion of the DAC Zone that were designed to infill and confirm the mineralized structure and anticipated mineralization identified in historic drilling. The results of this drilling will play an important role in understanding the distribution of mineralization.

 

“These first holes confirm the presence of mineralization on the western portions of the historic DAC resource estimate area” stated CEO, James Rogers. “We are pleased with the results as they build our understanding of the mineralized system which will continue to be enhanced as we receive more data from the ongoing drilling and our work with the recently announced Minerva Intelligence AI processing of the historic database. The drills are now focused on infill and testing at depth on the recently acquired private lots where historic drilling intercepted high grade gold mineralization.”

 

Table 1 Significant Intercepts

 

Drillhole From (m) To (m) Width* (m) Grade (g/t)
DES21-156 173.00 205.80 32.80 0.59
including 195.30 196.10 0.80 4.89
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
DES21-157 128.00 129.85 1.85 0.80
DES21-157 160.44 164.30 3.86 0.72
DES21-157 200.00 206.35 6.35 0.58
DES21-157 230.50 234.95 4.45 3.79
including 230.50 231.30 0.80 20.36
DES21-159 118.00 159.00 41.00 0.53
including 153.00 153.90 0.90 3.62
DES21-160 266.00 272.20 6.20 0.60
DES21-160 296.00 308.70 12.70 0.83
including 299.10 300.00 0.90 3.74
DES21-160 331.80 335.35 3.55 0.98
DES21-160 349.50 368.50 19.00 0.55
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
DES21-161 319.55 330.20 10.65 0.93
including 326.35 327.00 0.65 8.80
DES21-161 464.90 467.40 2.50 1.47
including 464.90 465.50 0.60 5.12
DES21-162 273.00 286.70 13.70 0.51
including 286.15 286.70 0.55 4.70
DES21-162 304.00 325.00 21.00 0.98
including 319.00 321.30 2.30 4.48
DES21-162 368.45 371.55 3.10 0.82

 

*Assay results are reported in core length. True width is estimated to be between 80% and 97%. Average recovery for these holes is 98.99%

 

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 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.

 

Table 2 Coordinates are in UTM NAD83 Zone 18N

 

Hole ID Easting Northing Total Depth (m) Azimuth Inclination Comment
DES21-156 317421 5401793 423.00 180 -50
DES21-157 317251 5401759 403.35 180 -60
DES21-158 317336 5401755 105.00 150 -70 Hole Lost in structure and reset as DES21-159
DES21-159 317336 5401755 177.85 180 -50 Hole Lost in mineralized zone
DES21-160 317407 5401867 519.00 150 -50
DES21-161 317407 5401867 503.00 160 -50
DES21-162 317407 5401867 501.00 169 -48.5

 

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 70% passing 2mm and a 250g subsample was pulverized to 85% passing 75μm. The subsample was analyzed by a combination of fire assay with atomic absorption finish for gold and aqua regia digestion with an ICP-ES finish for a suite of 33 elements. Samples containing visible gold or which returned over 2.0 g/t Au were analyzed by metallic screen fire assay. The Company has established a QA/QC program consisting of inserting quality control (QC) samples at regular intervals in the sample stream, including blanks, duplicates, and reference materials.

 

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 the Destiny Project

 

  • 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.
  • Drilling results include:
    • 167 g/t Au over 1 m (from 221.7 m)
    • 15 g/t Au over 23.6 m (from 117.2 m)
    • 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.
  • Considerable work done historically including over 50,000 m of diamond drilling.

 

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 commenced 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

 

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 100% of the Destiny Project, Clarity’s flagship asset, a gold-focused project in the mineral rich Abitibi region in Quebec. The Company is based in Vancouver, British Columbia, and is listed on the CSE under the symbol “CLAR”. To learn more about Clarity Gold 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: 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 first holes confirm the presence of mineralization on the western portions of the historic DAC resource estimate area; that the results will help build the Company’s understanding of the mineralized system which will continue to be enhanced as the Company receives more data from the ongoing drilling and the Company’s work with the recently announced Minerva Intelligence AI processing of the historic database; that the Company is focused on understanding the distribution of high-grade mineralization within the system; that the results in this press release are from holes completed on the western portion of the DAC Zone that were designed to infill and confirm the mineralized structure and anticipated mineralization identified in historic drilling; that the results of this drilling will play an important role in understanding the distribution of mineralization; that the Company looks forward to updating further as additional results are received and as the Company 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.

 

SOURCE:  Clarity Gold Corp.

About Clarity Gold Corp.

Our objective is to identify, acquire and develop gold primary projects that have been overlooked or underfinanced, including projects that have fallen dormant as non-core assets.

Our exploration mandate is focused in the North American regions that are supportive of mining investment.

Investment Highlights

Clarity Gold Corp. (“Clarity”) is a publicly traded gold exploration company listed on the CSE under the symbol CLAR

  • Proven ability to identify, evaluate and execute transactions on assets
  • Management has identified and completed over 100 resource property transactions
  • Access to an industry leading proprietary database of projects and technical reviews
 

Early investment opportunity in a tight capital structure

  • Shares I/O: 25,788,1871
  • Management holds 11% of issued stock1
 

Empirical Property

Demonstrated gold values in a known porphyry district; recent work program and 43-101 report completed.

  • Large 10,618 ha land package
  • Historic and recent work show positive results

Growing portfolio of overlooked gold projects

 

Entered an agreement to acquire 100% of the Destiny Project in the mineral-rich Abitibi Region in Quebec

  • Gold mineralization in high-grade quartz veins within shear zones starting at 15 m below surface.
  • 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 2.7m (from 166.0 m)
  • 5,013 ha along a ~6 km long segment of the Despinassy Shear Zone within the Chicobi Deformation Zone
  • Excellent infrastructure
  • > 50,000 m historic drilling

[1] As of January 29, 2021

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