After receiving encouraging preliminary resistivity results from a recently finished IP/Resistivity survey over a portion of the Lithium381 property in Quebec, which is close to Allkem Limited’s James Bay Lithium Property, Clarity Metals Corp. has submitted a drill permit application.
The drill permit identifies 27 drill pad locations. Clarity has begun to formulate a drilling program, but as more geophysical and remote sensing survey results come in, it will be further constrained.
The purpose of the drilling permit is to test a target that has been identified based on early findings from a recent IP/Resistivity survey, which revealed a 1.5 km EW-oriented area with relatively high resistivity values.
We are pleased to be progressing our exploration efforts and to have filed a permit application that would enable us to drill test the recently identified resistivity target on the Lithium381 project.
James Rogers, Chief Executive Officer, Clarity Metals Corp.
The Lithium381 Property
The property is situated in Northern Quebec, Canada, about 3 km from James Bay Road and the service station at KM381 that serves as the community’s infrastructure.
The 1107 ha property’s 21 mineral claims are adjacent to Allkem Limited’s James Bay Lithium Property, which is home to a deposit with indicated resources of 40.8 Mt @ 1.40% Li2O. Construction on the lithium-bearing pegmatite James Bay Lithium deposit is expected to begin in the first quarter of 2023.
The Lower Eastmain Group of the Eastmain Greenstone belt in the northeastern part of the Superior Province, which serves as the host rocks for the nearby James Bay Lithium Deposit, underlies the property and has not previously been investigated for lithium-bearing pegmatites.
With its “2030 Plan for a Green Economy,” which aims to reduce carbon emissions, and its “Plan for Development of Critical and Strategic Minerals (2020–2025),” which involves commitments to share financial risk and plans to improve infrastructure for projects in Northern Quebec, Quebec has emerged as a favorable jurisdiction for critical mineral exploration investment.
Recently, Clarity and Genius Metals Inc., an arm’s length public company listed on the TSX Venture Exchange, entered into an option agreement under which Clarity would acquire an undivided 50% right, title, ownership, and beneficial interest in the Lithium381 Property.