Corporate and Operational Highlights
- Portfolio of three wholly owned BC exploration projects.
- Healthy treasury of approximately
$2.7 million . - Results pending from 2021 Program on
Empirical Copper Gold Project . - Exploration planning to commence for 2022 season.
“The Company is in a strong financial position and is awaiting results from the Empirical 2021 exploration program,” stated CEO,
Empirical Project Exploration Program
The 2021 Empirical property field program carried out in September was designed to investigate a number of mineralized showings occurring throughout the southeastern extent of the property.
Historical blast and hand trenches at the Rickhill showing – where previously, six samples yielded an average of 0.95 percent copper over 12.9 meters (Skerl, 1959), were extensively mapped, chip and channel sampled. A 131-sample soil grid - in close vicinity to the Rickhill showing was completed, in addition to a cumulative 63 meters of trench - chip sampling and 4 meters of channel sampling at the showing itself.
Across the adjacent Mud and Cherry copper showings, 153 soil samples were obtained, in addition to 52 meters of historic blast trench chip sampling.
A mapping and talus sampling campaign was undertaken in the southwestern and central portions of the property, within the
Analytical results from samples collected during the program are still pending at Bureau Veritas and will be released when they are received and compiled.
About the
The Company’s gold-copper-molybdenum porphyry project, the
Between 1981 – 1986, six out of fifteen diamond drill holes intersected gold mineralization, including hole DD81-4 which assayed 3.67 g/t gold over 21 m from 36m. Previous exploration focused on molybdenite without an understanding or aim of targeting a larger porphyry system. For more information on the
There are multiple copper showings in the Southeast portion of the project, including the Rickhill Showing where six surface rock samples collected in 1959 averaged 0.95% copper over 12.9 meters (Minfile 092INW022). Elevated copper in soil samples indicate that this zone of copper mineralization may be extended up to a total of 30 m (Skerl, 1959). In 1970, 538 soils were collected with copper intensities ranging between 6 ppm to 212 ppm (Assessment report 02530).
Historic work in the Southwest identified two molybdenum showings namely, the
The QP (as defined below) has not verified the results of the historic exploration and sampling on the new claims added to the Empirical Project’s property package, additional sampling will be required to verify the data.
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 continues to advance its project portfolio; that the work at 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 any of its properties; 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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2022 GlobeNewswire, Inc., source