About:
Clarity Gold Corp. is a Canadian mining exploration company focused on the acquisition, exploration and development of gold projects in Canada. The Company has an option agreement to purchase a 100% interest in the highly prospective Empirical Project located in the Lillooet Mining Division, approximately 12 km south of Lillooet, British Columbia and recently expanded its mineral property portfolio with the acquisitions of the Tyber and Gretna Green projects, both located on Vancouver Island, British Columbia.
“We focus on the acquisition and exploration of overlooked and underfinanced gold properties”
Our Behind the Buzz Show Featuring Clarity Gold Corp.:
Our Behind the Buzz Show Featuring Clarity Gold Corp.:
Investor Recap:
The Projects
The Empirical Project
The 10,518 Ha Empirical Gold-Copper-Molybdenum project is located in southeastern British Columbia, 12 km south of the town of Lillooet.
Approximately 1,600m of historic diamond drilling was completed in the 80’s to a maximum depth of 230m with 6 of the 15 holes returning anomalous gold values including 21m of 3.67g/t Au.
The Cordilleran Continental Arc contains 26 significant porphyry deposits, including Imperial Metals historic Huckleberry Mine and Norandas historic Babine Porphyry camp.
Fish Lake and Poison Mountain are the 1st and 3rd largest deposits, whilst Taseko is the 2nd highest grade deposit in this tract.
The Cordilleran Continental Arc is estimated to contain the most undiscovered porphyry deposits in Canada. (Reference – USGS 2010 publication: Porphyry Copper Assessment of British Columbia and Yukon Territory, Canada)
The Tyber Project
The area is underlain by volcanic rocks of the Triassic Karmutsen Formation composed of pillow basalt and pillow-breccia, basaltic lava flows and minor tuff. A sequence of limestone beds <30 ft thick has been found in several places between lavas in the upper section of the Karmutsen Formation.
Contains a number of separate but apparently related quartz vein systems hosted in shear and fracture zones.
Veins vary from anastomosing, lensoidal to en echelon; vein size varies from hairline to 1.5 m width and are traceable in historic adits and on the surface for less than a metre to tens of metres.
- The area is underlain by volcanic rocks of the Triassic Karmutsen Formation composed of pillow basalt and pillow-breccia, basaltic lava flows and minor tuff. A sequence of limestone beds <30 ft thick has been found in several places between lavas in the upper section of the Karmutsen Formation
- Contains a number of separate but apparently related quartz vein systems hosted in shear and fracture zones
- Veins vary from anastomosing, lensoidal to en echelon; vein size varies from hairline to 1.5 m width and are traceable in historic adits and on the surface for less than a metre to tens of metres
- Two historic adits (14m and 47m in length) are located on the Tyber Project and are believed to have targeted mineralised quartz veins within local shear zones
- Selected Historic Results: Up to 2.328 oz/t Au (from waste dump), 17% Cu, 305.5 oz/t Ag
Historic Work (1916-1986)
Prospecting, Soil Sampling, Magnetometer Survey
1916 BC Mines Annual Report: Grab sample of dump: trace Au, 2.2 oz/t Ag, 9.7% Cu
1965 Rock Samples: 29 Samples: returned between 0.14 to 17% Cu, nil to 0.05 oz/t Au, nil to 305.5 oz/t Ag
1981 Soil Samples: 199 samples: returned up to 650 ppm Cu, 27 ppm Ag, 405 ppm Pb, 310 ppm Zn
1981 Rock Samples: returned values up to 12.91 oz/t Ag, 2.328 oz/t Au, 11.6% Cu (from waste dump)
1986 Rock Samples: returned values up to 295 ppm Ag, 430 ppb Au
The Gretna Green Project
The area is underlain by mafic to intermediate volcanic rocks of the Upper Triassic Vancouver Group, Karmutsen Formation. These are overlain by limestone of the Quatsino Formation, also of the Vancouver Group. A stock of dioritic rock of the Early to Middle Jurassic Island Intrusions occurs along the northeast side of Henderson Lake.
Locally, a skarn zone with chalcopyrite ore occurs in limestone cliffs near a contact with dioritic rock. Masses of epidote and garnet occur near, but usually not with, pods and bunches of chalcopyrite.
- The area is underlain by mafic to intermediate volcanic rocks of the Upper Triassic Vancouver Group, Karmutsen Formation. These are overlain by limestone of the Quatsino Formation, also of the Vancouver Group. A stock of dioritic rock of the Early to Middle Jurassic Island Intrusions occurs along the northeast side of Henderson Lake.
- Locally, a skarn zone with chalcopyrite ore occurs in limestone cliffs near a contact with dioritic rock. Masses of epidote and garnet occur near, but usually not with, pods and bunches of chalcopyrite.
- One historic selected sample assayed 48.00 grams per tonne gold, 51.43 grams per tonne silver and 17.8 per cent copper (Minister of Mines Annual Report 1921)
- Selected Historic Results: Up to 1.54 oz/t Au, 17.8% Cu, 1.65 oz/t A
In the Media
Recent Developments
Aug. 22, 2020 - Clarity Gold Appoints Rory Kutluoglu to its Advisory Board
Clarity Gold Corp. (“Clarity” or the “Company“) (CSE: CLAR, FSE:27G) welcomes Mr. Rory Kutluoglu to its Advisory Board. Rory brings a wealth of exploration and project development experience to Clarity’s team ranging from grassroots through to feasibility level projects.
Mr. Kutluoglu is a professional geologist with over 15 years of international mineral exploration experience and executive management roles in North American and European companies. He has designed and executed multiple exploration programs and managed comprehensive environmental baseline and feasibility study programs. Mr. Kutluoglu was the Exploration Manager for Kaminak Gold Corp. leading their team to deliver the maiden and updated resources on the Coffee Gold Project prior to Kaminak’s acquisition by Gold Corp. in 2016. Mr. Kutluoglu is a Fellow of the Society of Economic Geologists.
“We are pleased to continue growing our Advisory Board with the addition of a recognized industry professional such as Mr. Kutluoglu,” said James Rogers, CEO of Clarity. “His technical experience and track record of management and project evaluation will be immensely valuable for Clarity.”
Grant of Options
The Company is also pleased to announce that it has granted incentive stock options (each, an “Option”) to acquire an aggregate of 100,000 common shares of the Company (each, a “Share”) to one consultant under its stock option plan. Each Option is exercisable for a period of three years expiring on August 21, 2023, at a price of $1.06 per Share. All the Options vested on the date of grant. The Options and the Shares issuable upon the exercise of the Options held by the optionee are subject to a hold period of four months from the date of grant of the Options.
The Company has entered into a marketing and investor relations agreement (the “Agreement”) dated August 21, 2020 with OGIB Corporate Bulletin Ltd. (the “Consultant”) pursuant to which the Consultant has agreed to provide certain corporate branding, marketing, online corporate communications and investor relations services to the Company for a term of six months, for total cash consideration of $350,000 plus GST, which was paid upon entry into the Agreement.
For Full Release: https://www.newswire.ca/news-releases/clarity-gold-appoints-rory-kutluoglu-to-its-advisory-board-861637094.html
July 31, 2020 - Clarity Gold Forms Advisory Board and Appoints First Member
Clarity Gold Corp. (“Clarity” or the “Company“) (CSE: CLAR, FSE: 27G) announces that its Board of Directors has formed an Advisory Board and has named accomplished mining sector professional, Ian Graham as its first member. Mr. Graham has over 20 years of experience in the development and exploration of mineral projects. His expertise in corporate transactions, project evaluations, and exploration will be an asset to Clarity.
“Ian’s extensive experience is invaluable for the current growth stage of the Company,” said James Rogers, CEO of Clarity. “We are pleased to welcome someone of his caliber to add to the strength of our team, we look forward to working closely to increase the quality of our exploration efforts and maximize the value for our shareholders.”
Mr. Graham’s experience is mostly at major mining companies, namely Rio Tinto and Anglo American, including as Chief Geologist with the Project Generation Group at Rio Tinto. He has been involved with evaluation and pre-development work on several projects in Canada and abroad, including Resolution Copper (Arizona, USA), Diavik Diamond Mine (Northwest Territories, Canada), Eagle Nickel (Michigan, USA), Lakeview Nickel (Minnesota, USA) and Bunder Diamonds (India). Mr. Graham’s experience in the junior sector are mostly in C-level positions and includes exploration startups that have made new discoveries or acquired overlooked discoveries in base and precious metals and industrial commodities (graphite, potash). He is a passionate believer in the positive social and economic benefits of responsible resource development and is a proponent for the deployment of venture capital for the expansion of the global resource base. Ian studied Geology at the University of Regina and earned a BSc (Hons) in Geology at the University of KwaZulu Natal in South Africa.
“I look forward to contributing to Clarity as the company works toward reaching its corporate milestones,” Mr. Graham stated. “Clarity has a solid team and I’m honoured to help the Company continue creating value for its shareholders.”
Issuance of Options
The Company is also pleased to announce that it has granted incentive stock options (each, an “Option“) to acquire an aggregate of 100,000 common shares of the Company (each, a “Share“) to certain consultants under its stock option plan. Each Option is exercisable for a period of three years expiring on July 31, 2023 at a price of $1.00 per Share. The Options are subject to vesting provisions, with one-third vesting on the date of grant, one-third on the first anniversary of the date of grant and the remaining one-third on the second anniversary thereof…
For Full Release: https://www.newswire.ca/news-releases/clarity-gold-forms-advisory-board-and-appoints-first-member-857817949.html
July 22, 2020 - Clarity Gold Mobilizes Field Crew to the Empirical Project
Clarity Gold Corp. (“Clarity” or the “Company“) (CSE: CLAR) (FSE:27G) is pleased to announce that it is mobilizing a field crew to the recently acquired expansion claims at its flagship Empirical Project, located 12 km south of Lillooet, British Columbia.
Field Crew Mobilization
The crew of three intends to conduct initial ground reconnaissance and sampling where applicable. The objective of the program will be to review the geology and mineralization of the recently acquired expansion claims which include 8 additional MINFILEs. The crew will attempt to locate and verify these historic mineral showings, and assess the suitability of the expansion claims’ exploration program design. The Company will also be conducting a grab sample program on targeted zones to locate additional areas of interest outside of the original Empirical Project claim group.
“Now that our crew has completed its initial reconnaissance on the Tyber and Gretna Green projects on Vancouver Island, we are very pleased to be mobilizing to evaluate the recently acquired mineral claims at our flagship Empirical Project,” said James Rogers, CEO of Clarity. “The Empirical Project now has multiple historic showings and we are looking forward to designing and carrying out field programs to follow up on encouraging historic results.”
Empirical Project
The Company’s flagship gold-copper-molybdenum porphyry project, the Empirical Project, located 12 km south of Lillooet, British Columbia, now totals 10,518 ha. The Empirical Project is situated in the Cordilleran Continental Arc which hosts 26 significant porphyry deposits, including Imperial Metal Corporation’s historic Huckleberry Mine and Noranda’s historic Babine Porphyry camp. Between 1981 – 1986, six out fifteen diamond drill holes intersected gold mineralization, including hole DD81-4 which assayed 3.67 g/t gold over 21 m from 36m. Previous exploration focused on molybdenite without an understanding or aim of targeting a larger porphyry system. For more information on the Empirical Project, please see the Company’s National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101“) Technical Report on the Empirical Project filed on SEDAR on March 24, 2020.
The recently acquired claims have multiple copper showings in the Southeast, including the Rickhill Showing where six surface rock samples collected in 1959 averaged 0.95% copper over 12.9 meters (Minfile 092INW022). Elevated copper in soil samples indicate that this zone of copper mineralization may be extended up to a total of 30 m (Skerl, 1959). In 1970, 538 soils were collected with copper intensities ranging between 6 ppm to 212 ppm (Assessment report 02530).
The additional ground to the southwest of the Empirical Project consists of two molybdenum showings namely, the Molybdenite Lake and Fyp showings where historic samples taken from quartz veins have assayed up to 0.32% molybdenum and 0.35 g/t gold (Nelson, J. (1985-10-01): B.C. Gold Reconnaissance 1985 – Lillooet Project – Final Report; Assessment Report 30875; Minfile 092ISW109, 092ISW110). Previous work has focused on the area’s molybdenum potential, with minimal exploration for gold.
The QP (as defined below) has not verified the results of the historic exploration and sampling on the new claims added to the Empirical Project’s property package, additional sampling will be required to verify the data.
Qualified Person
Mr. Rory Kutluoglu P. Geo. is the Qualified Person (“QP“) under NI 43-101 for the technical information in this news release and has reviewed the appropriate and available data for the Empirical Project and approves the technical contents of this news release. The QP intends to be part of the crew to mobilize to the additional Empirical Project expansion claims but cannot currently validate the historical databases nor the results of the historical work presented herein.
For Full Release: https://www.newswire.ca/news-releases/clarity-gold-mobilizes-field-crew-to-the-empirical-project-855986386.html
July 15, 2020 - Clarity Gold Mobilizes Field Crew to the Tyber and Gretna Green Projects
Clarity Gold Corp. (“Clarity” or the “Company“) (CSE: CLAR) is pleased to announce that it has finalized plans and is mobilizing a field crew to its recently acquired properties located on Vancouver Island, British Columbia, the Tyber and the Gretna Green Projects.
The field crew will consist of a three-person team who will be conducting initial ground reconnaissance and sampling. The objective of the program will be to review the geology and mineralization, locate and verify historic mineral showings, and assess the properties for geochemical sampling. The company will also be conducting a grab sample program on targeted zones to locate additional areas of interest. The goal of the site visit is to design an effective exploration strategy for the Tyber and Gretna Green Projects.
“We are very pleased to be getting started on our 2020 exploration program on Vancouver Island,” said CEO James Rogers. “The Tyber and Gretna Green projects have not seen modern exploration and we are looking forward to designing and carrying out field programs to follow up on encouraging historic results.”
Tyber Project
The 928 ha Tyber gold-copper-silver project (the “Tyber Project“) is located in southeast Vancouver Island in the Nanaimo mining division, approximately 1.4 km south of Arrowsmith Lake and 18 km Southwest of Parksville. Historic rock samples taken from the property between 1916 and 1986 assayed up to 2.328 oz/t Au (from historic adit dump), 16% Cu and 305.5 oz/t Ag (1916 BC Mines Annual Report; Minfile 092F236). The Tyber Project consists of several mineralized shear zones ranging from less than 0.30 m to 2.60 m. Two historical adits on the Tyber Project, believed to be targeting mineralized quartz veins within local shear zones, extend approximately 14 m and 47 m in length (1981 Assessment Report 09432).
The Clarity Gold Corp. Qualified Person has not verified the results of the historic exploration and sampling at the Tyber Project, additional sampling would be required to verify the data.
Gretna Green Project
The Gretna Green gold-copper-silver project (the “Gretna Green Project“) is 1,331 ha and is located in the Alberni mining division, approximately 24 km Southwest of Port Alberni and 1.3 km North of Henderson Lake. Historical reports show that a selected sample assayed 48.00 grams per tonne gold, 51.43 grams per tonne silver and 17.8 percent copper (Minister of Mines Annual Report 1921; Minfile 092F24). Limited information on the Gretna Green Project is available, however the QP (as defined below) believes the project warrants further exploration.
The Clarity Gold Corp. Qualified Person has not verified the results of the historic exploration and sampling at the Gretna Green Project, additional sampling would be required to verify the data.
Qualified Person
Mr. Rory Kutluoglu P. Geo. is the Qualified Person (“QP“) under NI 43-101 for the technical information in this news release and has reviewed the appropriate and available data for the Empirical Project, Tyber Project and Gretna Green Project and approves the technical contents of this news release. The QP intends to visit the additional Empirical Project claims, Tyber Project and Gretna Green Project shortly and thus cannot validate the historical databases nor the results of the historical work presented herein.
For Full Release:
https://www.newswire.ca/news-releases/clarity-gold-mobilizes-field-crew-to-the-tyber-and-gretna-green-projects-857198148.html
July 06, 2020 - Clarity Acquires Two Gold Projects and Expands Empirical Project
Clarity Gold Corp. (“Clarity” or the “Company”) (CSE: CLAR) is pleased to announce that it has acquired an additional two mineral property assets situated on Vancouver Island, British Columbia, namely the Tyber and the Gretna projects, and has increased the size of its Empirical project located 12 km south of Lillooet, British Columbia (the “Empirical Project”).
The Company acquired 4,007.5 ha of additional mineral claims adjacent and contiguous to the west of the Company’s Empirical Project directly through online staking. The Company also entered into a mineral property purchase agreement dated July 5, 2020, pursuant to which the Company acquired a 100% interest in and to the 928 ha Gretna Green, 1,331 ha Tyber, and 1,109.7 ha of mineral claims adjacent and contiguous to the east of the Empirical project (collectively, the “Claims”) for a cash consideration of C$10,000 and the issuance of 1,250,000 common shares (collectively, the “Shares”) in the capital of the Company. The Shares issued in connection with the acquisition of the Claims will be subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws.
Tyber Project
The 928 ha Tyber gold-copper-silver project (the “Tyber Project”) is located in southeast Vancouver Island in the Nanaimo mining division, approximately 1.4 km south of Arrowsmith Lake and 18 km Southwest of Parksville. Historic rock samples taken from the property between 1916 and 1986 assayed up to 2.328 oz/t Au (from historic adit dump), 16% Cu and 305.5 oz/t Ag (1916 BC Mines Annual Report; Minfile 092F236). The Tyber Project consists of several mineralized shear zones ranging from less than 0.30 m to 2.60 m. Two historical adits on the Tyber Project, believed to be targeting mineralized quartz veins within local shear zones, extend approximately 14 m and 47 m in length (1981 Assessment Report 09432).
Gretna Green Project
The Gretna Green gold-copper-silver project (the “ Gretna Green Project”) is 1,331 ha and is located in the Alberni mining division, approximately 24 km Southwest of Port Alberni and 1.3 km North of Henderson Lake. Historical reports show that a selected sample assayed 48.00 grams per tonne gold, 51.43 grams per tonne silver and 17.8 percent copper (Minister of Mines Annual Report 1921; Minfile 092F24). Limited information on the Gretna Green Project is available, however the QP (as defined below) believes the project warrants further exploration.
Empirical Expansion
The Company’s gold-copper-molybdenum porphyry project, the Empirical Project, located 12 km south of Lillooet, British Columbia now totals 10,518 ha. The Empirical Project is situated in the Cordilleran Continental Arc which hosts 26 significant porphyry deposits, including Imperial Metal Corporation’s historic Huckleberry Mine and Noranda’s historic Babine Porphyry camp. Between 1981 – 1986, six out fifteen diamond drill holes intersected gold mineralization, including hole DD81-4 which assayed 3.67 g/t gold over 21 m. Previous exploration focused on molybdenite without an understanding or aim of targeting a larger porphyry system. For more information on the Empirical Project, please see the Company’s National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) Technical Report on the Empirical Project filed on SEDAR on March 24, 2020.
The recently acquired claims have multiple copper showings in the Southeast, including the Rickhill Showing where six surface rock samples collected in 1959 averaged 0.95% copper over 12.9 meters (Minfile 092INW022). Elevated copper in soil samples indicate that this zone of copper mineralization may be extended up to a total of 30 m (Skerl, 1959). In 1970, 538 soils were collected with copper intensities ranging between 6 ppm to 212 ppm (Assessment report 02530).
The additional ground to the southwest of the Empirical Project consists of two molybdenum showings namely, the Molybdenite Lake and Fyp showings where historic samples taken from quartz veins have assayed up to 0.32% molybdenum and 0.35 g/t gold (Nelson, J. (1985-10-01): B.C. Gold Reconnaissance 1985 – Lillooet Project – Final Report; Assessment Report 30875; Minfile 092ISW109,092ISW110). Previous work has focused on the area’s molybdenum potential, with minimal exploration for gold.
“ We are building a solid foundation of exploration assets for Clarity with the acquisition of the Tyber and Gretna Green projects and the expansion of the Empirical Project” said James Rogers, Clarity’s Chief Executive Officer. “ We believe these properties are underexplored and represent an opportunity for Clarity to increase shareholder value with systematic exploration.”
Qualified Person
Mr. Rory Kutluoglu P. Geo. is the Qualified Person (“QP”) under NI 43-101 for the technical information in this news release and has reviewed the appropriate and available data for the Empirical Project, Tyber Project and Gretna Green Project and approves the technical contents of this news release. The QP intends to visit the additional Empirical Project claims, Tyber Project and Gretna Green Project shortly and thus cannot validate the historical databases nor the results of the historical work presented herein.
For Full Release:
https://www.businesswire.com/news/home/20200706005346/en/Clarity-Acquires-Gold-Projects-Expands-Empirical-Project
June 26, 2020 - Clarity Gold Corp. Completes Initial Public Offering
Clarity Gold Corp. (“Clarity” or the “Company”) (CSE: CLAR) is pleased to announce that it has successfully completed its initial public offering (“IPO”), including the full exercise of the over-allotment option by the agent for the IPO, Leede Jones Gable Inc. (“Leede Jones”), resulting in the issuance of 6,900,000 common shares in the capital of the Company (each, a “Share”) at a price of $0.175 per Share for total gross aggregate proceeds of $1,207,500.
The Company paid Leede Jones a cash commission of $108,675 and granted an aggregate of 621,000 agent’s options, each of which entitles the holder thereof to purchase one Share at a price of $0.175 per Share for a period of twenty-four (24) months from the date of issuance.
Following the completion of the offering, Clarity has 16,950,000 shares issued and outstanding. Clarity’s common shares are expected to commence trading on the Canadian Securities Exchange (the “CSE”) on June 29, 2020 under the trading symbol “CLAR”.
The proceeds will be used by the Company to fund its exploration program on its Empirical mineral property located in the Lillooet Mining Division, approximately 12km south of Lillooet, British Columbia, and for general working capital purposes.
This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to a U.S. Person unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
For Full Release:
https://www.businesswire.com/news/home/20200626005082/en/Clarity-Gold-Corp.-Completes-Initial-Public-Offering