The results in this press release are from one hole completed on the central portion of the
“The company is thrilled to have intersected the deepest gold mineralization to date on our flagship project,” stated CEO,
Table 1 Significant Intercepts
Drillhole | From (m) | To (m) | Width* (m) | Grade (g/t) |
DES21-168 | 775.00 | 803.00 | 28 | 0.24 |
and | 882.00 | 889.65 | 7.65 | 0.46 |
including | 882.90 | 886.50 | 4.15 | 0.82 |
including | 885.60 | 886.55 | 0.95 | 2.43 |
*Assay results are reported in core length. True width is estimated to be between 75% and 85%. Average recovery for this hole is 99.29%
About the Recently Completed Drilling Program
To date, the Company has released 8 holes comprising approximately 3597 m of 10,826 m from 27 recently completed holes. 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
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 drillholes 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.
Table 2 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 |
*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%
Table 3 Coordinates are in
Hole ID | Easting | Northing | Total Depth (m) | Azimuth | Inclination |
DES21-168 | 317346 | 5402225 | 965 | 160 | -80 |
Figure 1 - Plan map of drilling in
https://www.globenewswire.com/NewsRoom/AttachmentNg/3b720486-3c7a-4181-8bad-5c60ee9d1a84
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
About the Company’s
- 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.
- Drilling on the property to date exceeds 60,000m
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
Qualified Person
Mr.
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.
The Canadian Securities Exchange (operated by
Picture 1
Figure 1 - Plan map of drilling in DAC Zone on the Destiny Project showing historic collars and released holes from 2021 program.
2021 GlobeNewswire, Inc., source