Clarity Receives Results From Triaxial Magnetic Survey on Lithium381 Project

VANCOUVER, British Columbia, Jan. 26, 2023 (GLOBE NEWSWIRE) -- Clarity Metals Corp. (“Clarity” or the “Company”) (CSE: CMET, OTC: CLGCF, FSE: 27G0) is pleased to report preliminary results from an airborne triaxial mag survey carried out over the area of the Lithium381 Property (the “Property”) located in Quebec adjacent to Allkem Limited’s James Bay Lithium Property.

The Preliminary results of the mag survey have identified a target coincident with the resistivity anomaly identified from the preliminary Induced Polarization survey (see Company news release dated January 17, 2023) shown in Figure 1. The marked improvement in resolution over a previous 2008 survey in the area as well as the regional government provided dataset, show the mag highs corresponding to mapped metavolcanic rocks while the lows correspond to metasedimentary units (Figure 2). This contact has proven to be a favourable setting for pegmatite emplacement as evidenced by the location of Allkem’s adjacent James Bay Lithium project. The James Bay Lithium Project hosts 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).

James Rogers CEO of Clarity comments: “We continue to be encouraged by the strong correlation of the geophysical and remote sensing surveys, especially as their respective results highlight the target within a similar geological setting to the adjacent Allkem James Bay Lithium Project. We look forward to drill testing this target before the snow melts.”

The company has filed a drill permit application for the Property (see Company news dated January 18, 2023).

This helicopter-borne survey was conducted by Axiom Exploration Group Ltd. (“Axiom”) with a specially designed GEM Systems GSMP 35A Airborne Potassium Vapor high-resolution magnetometers mounted on a non-magnetic stinger in a triaxial array. The surveyed comprised 160-line km using 75 m line spacing providing a markedly higher-resolution map than the 2008 survey for locating any structural or lithological breaks.

Ongoing interpretation and modeling is underway which will strive to put the results to date into a three dimensional context, further refining the drill plan.

Figure 1 Preliminary airborne mag results over the Lithium381 property shown with a broader 2008 survey and a regional government survey.

Figure 2 Geological setting of the Lithium381 IP anomaly and the proposed total pit from Allkem’s Feasibility Study.