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Clarity Gold Acquires Option to Purchase Fecteau Property
VANCOUVER, British Columbia, Nov. 22, 2022 (GLOBE NEWSWIRE) -- Clarity Gold Corp. (“Clarity” or the “Company”) (CSE: CLAR, OTC: CLGCF, FSE: 27G) is pleased to a
About this update from Clarity Metals Corp
[{"type":"text","content":" VANCOUVER, British Columbia, Nov. 22, 2022 (GLOBE NEWSWIRE) -- Clarity Gold Corp. (“Clarity” or the “Company”) (CSE: CLAR, OTC: CLGCF, FSE: 27G) is pleased to announce it has entered into an assignment and assumption agreement dated November 21, 2022 (the “Assignment Agreement”) among Opus One Resources Corp (“Opus One”) and the two original optionors (the “Optionors”) pursuant to which Clarity has obtained the option to acquire a 100% interest (the “Option”) in the property known as the Fecteau Property located in the Province of Quebec (the “Property”). Pursuant to the Assignment Agreement, Opus One has assigned all of its rights and obligations with respect to a property option agreement dated June 20, 2016, as amended September 29, 2020 (the “Original Option Agreement”) to the Company to acquire a 100% interest in the Property. Highlights of the Fecteau Property 30km east of Osisko Mining’s Windfall Lake Project and Bonterra Resources’ Gladiator Project (Figure 1). Five new exploration targets generated from till sampling, some of which have been followed up with an IP survey. Nine mineral showings including: Lac Fecteau Est: 2.42g/t Au over 2.65m, 1.82 g/t Au over 4.9m in drill core Buteux-Marceau: up to 4.11 g/t Au in grab samples Lac Pistolet: up to 1.08 g/t Au and 1.91% Cu in grab samples Desgagné: up to 1.00 g/t Au in a trench over massive sulphide Lac Fecteau Nord: 1.71 g/t Au over 1.5m in drill core Lac Fecteau Porphyry: up to 7.09 g/t Au in grab samples The QP (as defined below) has not verified the results of the historic exploration and sampling on the Fecteau Property. Additional sampling would be required to verify the data. “With Osisko and Bonterra’s continued successes on this trend and the overarching tenure of gold in the Abitibi as a whole, we are excited to continue our exploration in the belt and this project shows the mineralization, alteration and structural complexity that we look for,” stated James Rogers, CEO. “We are excited to get to work advancing the targets Opus has diligently worked to define.\" Figure 1 Location map of the Fecteau Project within the Abitibi Greenstone Belt. The Fecteau Property The Property consists of one claim block containing 107 claims for a total of 5,979.02 hectares in the Urban-Barry Windfall mining district. The Property is known to host two types of mineralization: V...