Clarity Metals reports receiving the drilling permit for the Lithium381 Property (Property) situated in Quebec, neighboring Allkem Limited’s James Bay Lithium Property.
The drilling permit stipulates the site of 27 drilling pads concentrating on a target deduced from initial results generated by a recently concluded IP/Resistivity survey, which specifies a 1.5 km E-W oriented area of relatively high resistivity values.
Extra data acquired from a remote sensing survey and a triaxial magnetometer survey also distinguished the target.
We are continuing to progress rapidly with the evaluation of this target and are pleased to have received this permit which will enable drill testing on the Lithium381 Property.
James Rogers, CEO, Clarity Metals Corp.
Clarity and Genius Metals are now appraising the contractor’s proposals and supporting logistics to set up the timing for a planned drill program of up to 2000 m.
The Lithium381 Property
The Property is situated in Northern Quebec, Canada, about 3 km from James Bay Road and the service station at KM381, offering an infrastructure to the local region.
The 21 mineral claims, including the 1107 ha property, are adjoining Allkem Limited’s James Bay Lithium Property, which holds a deposit with Indicated resources of 40.8 Mt @1.40% Li2O. The James Bay Lithium deposit is a lithium-bearing pegmatite scheduled to begin construction in Q1 2023.
The Property has not formerly been analyzed for lithium-bearing pegmatites but is underlain mainly by amphibolite facies metasedimentary and minor metavolcanic rocks of the Lower Eastmain Group of the Eastmain Greenstone belt in the northeastern area of the Superior Province; the same host rocks of the neighboring James Bay Lithium Deposit.
Quebec has turned out to be a promising jurisdiction for important mineral exploration investment with its ‘2030 Plan for a Green Economy’ to reduce carbon emissions as well as its “Plan for Development of Critical and Strategic Minerals (2020–2025)”. This comprises pledges to share financial risk and plans to enhance the infrastructure for projects in Northern Quebec.
Clarity recently signed an option agreement to earn an exclusive 50% right, title, ownership, and beneficial interest of the Lithium381 Property from Genius Metals, an arm’s length public company registered on the TSX Venture Exchange.