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Clarity Metals Reports Positive Preliminary Results and Identifies Target on Lithium381 Project
VANCOUVER, British Columbia, Jan. 17, 2023 (GLOBE NEWSWIRE) -- Clarity Metals Corp. (“Clarity” or the “Company”) (CSE: CMET, OTC: CLGCF, FSE: 27G0) is pleased t
About this update from Clarity Metals Corp
[{"type":"text","content":" VANCOUVER, British Columbia, Jan. 17, 2023 (GLOBE NEWSWIRE) -- Clarity Metals Corp. (“Clarity” or the “Company”) (CSE: CMET, OTC: CLGCF, FSE: 27G0) is pleased to report preliminary resistivity results from a recently completed IP/Resistivity survey over a portion of the Lithium381 property (the “Property”) located in Quebec adjacent to Allkem Limited’s James Bay Lithium Property. The Preliminary results have identified a target for follow up that shows as a 1.5 km EW-oriented area of relative high resistivity values (Figure 1). In comparison with Alkem’s James Bay Lithium Property a survey completed in 2008, 800 m to the southwest of our property, showed resistivity highs to be coincident with lithium bearing pegmatites (Figures 1 &2), which host a deposit with an Indicated Resource of 40.8 Mt @1.40% Li2O. The James Bay Lithium deposit is slated to start construction in Q1 2023. (Source: Allkem Feasibility Study filed by Allkem on SEDAR on January 11, 2022). A direct comparison of resistivity strength between the two surveys is not possible given varied overburden depth and other factors. James Rogers CEO of Clarity comments: “These first results from the extensive geophysical evaluation of the Lithium381 project provide an excellent resistivity high target to further focus our exploration. At the adjacent Allkem James Bay Lithium Project the deposit occurs within resistivity highs supports our exploration ethos for our project.” The IP/Resistivity Survey The IP/resistivity survey over a portion of the Lithium381 Property was performed by TMC Géophysique out of Val d’Or Quebec. The survey was not performed over the entire property as previously reported in the Company’s news releases dated December 20 and December 22, 2022. The grid line spacing was set at 100m, with the survey defined in a dipole-dipole configuration and 25 m measurements (n=10). Previous surveys conducted by Lithium One in 2008 (predecessor to Galaxy Lithium) and Allkem (2021) have shown high resistive values which in part correspond to granitic pegmatite dykes and bodies unearthed, which can contain spodumene, and drilled over the years (Figure 2). The last geophysical survey completed by TMC Géophysique in 2021 indicated that the resistivity highs extended for 2.3km east of the Billy Diamond Road (James Bay Road) where spodumene granitic pegmatite dykes...