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
Table 1 Highlights from the first batch of assay results previously released on
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
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
Table 2 Coordinates are in
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
Qualified Person
Mr.
About the
- 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 theDAC Zone over approximately 2.5 km to theDarla 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 5,013 ha project includes the
The current exploration potential is based on decades of past work on the
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
ON BEHALF OF THE BOARD
“
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
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.
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