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Clarity Metals (CLGCF) Stock News, Dec 2022-Jan 2023

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Clarity Metals Corp. explores and advances mineral properties as a Canadian project generator focused on precious and base metals. Company news centers on exploration activity in Quebec, including the 100%-owned Fecteau Gold Project in the Abitibi region and the Lithium381 project in northern Quebec.

Recurring updates cover drill permits, target definition, rig mobilization, drilling progress, geophysical survey results, property interests and technical planning for exploration campaigns. The company is listed on the CSE under CMET and trades on the OTC market under CLGCF.

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Clarity Metals Corp. (CSE: CMET, OTC: CLGCF) has submitted a drilling permit application following positive preliminary results from an IP/Resistivity survey on its Lithium381 property in Quebec. The permit proposes 27 drill pads to explore a 1.5 km area with high resistivity values, interpreted as potentially lithium-bearing. Clarity aims to advance its exploration efforts adjacent to Allkem Limited’s James Bay Lithium Property, which boasts significant resources. The company has also entered into an option agreement to acquire 50% interest in the property from Genius Metals Inc. The region is increasingly favorable for mineral exploration due to supportive government initiatives.

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Clarity Metals Corp. (CSE: CMET, OTC: CLGCF) announced promising preliminary results from an IP/Resistivity survey on its Lithium381 property, located in Quebec, near Allkem Limited’s lithium project. The survey identified a 1.5 km area with high resistivity values, potentially indicating lithium-bearing pegmatites similar to those at Allkem’s adjacent property, which has a resource of 40.8 Mt at 1.40% Li2O. Clarity’s CEO, James Rogers, expressed optimism about these findings, positioning them to enhance exploration efforts at Lithium381. This property consists of 21 mineral claims covering 1107 ha and seeks to capitalize on the favorable geology of the region.

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Clarity Metals Corp. (CSE: CMET, OTC: CLGCF) has provided an update on its exploration efforts at the Lithium381 property in Quebec, located near Allkem Limited’s James Bay Lithium Property. The company is conducting various surveys, including Induced Polarization and Resistivity, a remote sensing survey, and a triaxial magnetometer survey, to identify lithium-bearing pegmatite targets. The property encompasses 1,107 hectares with a promising geological setting. Clarity recently entered an agreement to acquire a 50% interest in the property, enhancing its strategic position in the lithium market.

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Clarity Metals Corp. has announced the addition of a second drill rig to its ongoing 5000m diamond drilling program at the Fecteau Property. This initiative is part of an effort to explore high-priority targets identified through gold grain till sampling and targeted IP surveys. The drilling will focus on two mineralization types: VMS and mesothermal gold. Previous drills have shown promising copper-zinc-gold intersections. Operations may pause during the Christmas holidays. Clarity is also advancing its Lithium381 Project acquisition and holds interests in several early-stage projects across Canada.

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Clarity Metals Corp. (OTC: CLGCF) has initiated exploration at the Lithium381 Property in Quebec, adjacent to Allkem's lithium project. The ongoing Induced Polarization and Resistivity survey aims to identify lithium-bearing pegmatites. The property spans 1107 ha and lies near a significant lithium deposit with indicated resources of 40.8 Mt at 1.40% Li2O. Clarity's CEO emphasized the excitement around the project, which is expected to inform future exploration strategies. The company has also entered a publishing services agreement to enhance public information dissemination.

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FAQ

What is the current stock price of Clarity Metals (CLGCF)?

Clarity Metals (CLGCF) last closed at $0.0309.

What is the market cap of Clarity Metals (CLGCF)?

The market cap of Clarity Metals (CLGCF) is approximately $375.8K.