By Daniel Webster, dWeb.News Publisher
| Source: Clarity Gold Corp.
VANCOUVER, British Columbia, Sept. 15, 2021 (GLOBE NEWSWIRE) — Clarity Gold Corp. (“Clarity” or the “Company“) (CSE: CLAR, OTC: CLGCF, FSE: 27G) is pleased to announce results from the deepest hole to date on the Destiny project, one of 27 holes of the recently completed 10,826 m diamond drilling program at the Destiny Project in the Abitibi Greenstone Belt.
The results in this press release are from one hole completed on the central portion of the DAC Zone that was designed to confirm the mineralized structure at depth. This drilling will be an important part of the ongoing exploration of the Destiny Project. The company is delighted to have discovered the deepest concentration of gold mineralization on its flagship project,” said James Rogers, CEO. “This hole was designed to test the mineralized structure at depths not previously drilled and has identified elevated gold mineralization at a drill depth of nearly 900 meters, which is more than three times the average historic drilling depth of the Destiny Project. This undoubtedly opens up great additional exploration opportunities for the project in a gold camp in which the deepest mines are currently operating at depths up to 2,300 m.”
Table 1 Significant Intercepts
|Drillhole||From (m)||To (m)||Width(m)||Grade (g/t)|
*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. As we review the results and continue to evaluate them as we assess bulk tonnage and high quality models for our Destiny Project, we will keep you updated.
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. As seen in thin sections and in drill core, gold can be found as both free and mixed with pyrite or chalcopyrite. This program focused on drilling holes to confirm historic drilling that identified mineralization in the DAC, GAP Zones and infilling them with new drilling.
Table 2 Highlights from the first batch of assay results previously released on June 16, 2021.
|Drillhole||From (m)||To (m)||Width(m)||Grade (g/t)|
*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 UTM NAD83 Zone 18N
|Hole ID||Easting||Northing||Total Depth (m)||Azimuth||Inclination|
Figure 1 – Plan map of drilling in DAC Zone on the Destiny Project showing historic collars and released holes from 2021 program.
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 75mm. 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. Metallic screen fire assay was used to analyze samples containing visible gold and those that returned more than 2.0 g/t Au. The Company established a quality control program that included inserting quality control (QC), samples at regular intervals into the sample stream. This includes blanks, duplicates and reference materials.
About the Company’s Flagship Destiny Project
Clarity Gold also anticipates additional results from their continued exploration efforts on the flagship Destiny Project. The company recently completed a 10,826 m drill campaign, with samples currently being processed by Bureau Veritas and are anticipated shortly.
- 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 the DAC Zone over approximately 2.5 km to the Darla Zone.
- Excellent infrastructure – ~75 km NNE of Val d’Or with road access.
- Drilling on the property to date exceeds 60,000m
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. The Darla Zone lies approximately 2.5 km east of the DAC 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 was based on decades worth of work on the Destiny Project. Exploration of the Destiny Project dates back to the 1930s. The first concerted diamond drilling campaign was conducted 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
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.
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 located in Vancouver, British Columbia and is listed on CSE under the symbol CLAR. To learn more about Clarity Gold Corp. and its projects please visit http://www.claritygoldcorp.com.
ON BEHALF OF THE BOARD
Chief Executive Officer
Tel: 1 (833) 387-7436
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:
This news release contains forward-looking statements. Forward-looking statements include statements that, except statements of historical fact, address events, activities, or developments that the Company expects, anticipates, or believes will occur in the future. This news release contains forward-looking statements. These statements include: the Company’s expectation that it will release the remaining results from the laboratory as it builds its knowledge of the mineralized system; the Company’s desire to update these results as it continues to evaluate 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. The Company believes the forward-looking assumptions are reasonable. However, these statements cannot be relied upon as a guarantee of future performance. General market conditions and other factors outside the Company’s control could lead to actual results or events that differ materially from those anticipated. Except as required by law, the Company disclaims any obligation or intention to revise or update any forward-looking statements.
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.