- Clarity Gold (CLAR) has acquired surface rights of approximately 82 hectares of the Destiny Project in Quebec for a total purchase price of $250,000.00
- The 5,013 ha Destiny Project is located in the prolific Abitibi Greenstone Belt
- Clarity Gold is focused on the acquisition, exploration and development of gold projects in Canada
- Clarity Gold Corp. (CLAR) opened trading at C$1.11 per share
Clarity Gold (CLAR) has acquired surface rights of approximately 82 hectares of the Destiny Project in Quebec.
Securing these surface rights will allow the company to work efficiently and provide security to advance the project.
“After much due diligence, we are thrilled to acquire these surface rights. It will allow the company to cost effectively carry out its work as our drilling program progresses. It is a move forward for the security of advancing this project as a long-term investment,” said James Rogers, CEO of Clarity.
“In addition to providing easier access to the work area these surface rights secure a space for project infrastructure as we advance.”
The total purchase price is $250,000.00 for two lots. $50,000.00 will be paid at closing. The remaining $200,000.00 will be payable in 4 equal installments of $50,000.00 every quarter following the closing.
An approximately 1.86-hectare portion of one of the lots will be subdivided and transferred to the vendors. Clarity will have a right of access through this subdivision.
The 5,013 ha Destiny Project is located in the prolific Abitibi Greenstone Belt along a major structural break that is largely underexplored. The project has excellent infrastructure, with road access approximately 75 km NNE of the city of Val d’Or and has considerable work done to date including over 50,000 m of diamond drilling.
Clarity Gold is focused on the acquisition, exploration and development of gold projects in Canada.
The company has entered into an option agreement to purchase 100% of the Destiny Project, Clarity’s flagship asset, a gold-focused project in the mineral-rich Abitibi region in Quebec.
Clarity Gold Corp. (CLAR) opened trading at C$1.11 per share.