Clarity Metals Corp. (“Clarity” or the “Company”) is delighted to offer an update on the progress of exploration at the Lithium381 Property (the “Property”) situated in Quebec next to James Bay Lithium Property of Allkem Limited.
Location of Lithium 381 Project showing nearby properties and total pit outline on Allkem’s James Bay Lithium Project from the Allkem Feasibility Study. Image Credit: Clarity Metals Corp.
Until now, Clarity has begun and is expecting results of the exploration attempts mentioned below:
- Remote sensing survey along with the processing, acquisition, interpretation, and analysis of Synthetic Aperture Radar (“SAR”) and Sentinel & Aster Multispectral data.
- Induced Polarization and Resistivity survey at 25 m dipole spacing and 100 m line spacing.
- 160-line kilometer triaxial magnetometer survey at 75 m line spacing.
- Commencement of follow-up exploration while allowing preparation.
After the receipt of this work’s results, the Company can interpret the findings discovering targets for follow-up drilling and investigation.
By collecting a full suite of geophysical data we will be able to interpret and advance our understanding of the project as we explore for lithium bearing pegmatites. The Company looks forward to following up on targets derived from this work early in 2023.
James Rogers, CEO, 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, which offers the infrastructure to the local region.
The James Bay Lithium deposit—a lithium-bearing pegmatite—is slated to begin construction in Q1 2023.
The Property has not been earlier explored for lithium-bearing pegmatites but is supported mainly by amphibolite facies minor metavolcanic and metasedimentary rocks of the Eastmain Greenstone belt’s Lower Eastmain Group in the northeastern part of the Superior Province—the same host rocks of the contiguous James Bay Lithium Deposit.
For critical mineral exploration investment, Quebec has turned out to be a promising jurisdiction with its “2030 Plan for a Green Economy.” It focuses on reducing carbon emissions, alongside its “Plan for Development of Critical and Strategic Minerals (2020-2025),” including commitments to share details on financial threats and strategies to upgrade infrastructure for projects in Northern Quebec.
Recently, the Company signed an option agreement to make an undivided 50% right, ownership, title, and advantageous interest of the Lithium381 Property from Genius Metals Inc., a public company of an arm’s length. It has been listed on the TSX Venture Exchange.