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Be the first with the news that moves the market- Clarity Metals Corp. (CMET) reported preliminary results from an airborne triaxial mag survey over the Lithium381 property
- Located in Québec next to Allkem Ltd.’s (TSX:AKE) James Bay lithium property, the property has not been explored and has 21 mineral claims comprising 11 sq. km.
- Initial results of the mag survey identified a target coincident with the resistivity anomaly identified from the preliminary induced polarization survey
- Clarity Metals Corp. (CMET) was down 3.23 per cent, trading at $0.30 per share as of 3:45 pm ET
Clarity Metals Corp. (CMET) reported preliminary results from an airborne triaxial mag survey over the Lithium381 property.
Located in Québec next to Allkem Ltd.’s (TSX:AKE) James Bay lithium property, the property has not been explored and has 21 mineral claims comprising 11 sq. km.
Initial results of the mag survey identified a target coincident with the resistivity anomaly identified from the preliminary induced polarization survey. The mag highs correspond to mapped metavolcanic rocks, while the lows correspond to metasedimentary units.
The team points to the project’s close proximity to the James Bay Lithium project as proof that they are working in a favourable setting for pegmatite emplacement. Slated to start construction in Q1 2023, the James Bay Lithium Project hosts an Indicated Resource of 40.8 Mt at 1.40 per cent Li2O.
Clarity’s CEO, James Rogers, called the strong correlation between the geophysical and remote sensing surveys encouraging since it highlights a target in a similar setting near the James Bay Lithium Project.
“We look forward to drill testing this target before the snow melts.”
Axiom Exploration Group Ltd. conducted the helicopter-borne survey with a specially designed GEM Systems GSMP 35A Airborne Potassium Vapor high-resolution magnetometer mounted on a non-magnetic stinger in a triaxial array. The survey comprised 160-line km using 75 m line spacing, providing a markedly higher-resolution map than the 2008 survey for locating any structural or lithological breaks. The company continues to study the data.
Clarity Metals Corp. (CMET) is a Canadian mineral exploration project generator company focused on the acquisition, exploration, and development of precious and base metals projects.
Clarity Metals Corp. (CMET) was down 3.23 per cent, trading at $0.30 per share as of 3:45 pm ET.
