Clarity Gold to Acquire Destiny Project in Abitibi district of Quebec and appoints a recognized Executive to Its Advisory Board
Clarity Gold to Acquire Destiny Project in Abitibi district of Quebec
By Stephane Villeneuve, Mining Life Online
Clarity Gold Corp. ( CSE: CLAR , OTC: CLGCF , FSE : 27G) recently announced that it has entered into an option agreement with Big Ridge Gold Corp. (TSX-V : BRAU) to acquire 100% of the Destiny Project, located 75 Km northeast of Val Dor, Quebec.
Clarity’s CEO James Rogers said, “our team at Clarity has reviewed countless projects and we are excited to focus our efforts on a project that has high grade, underground potential with underpinning Indicated and Inferred ounces in the ground. We look forward to working with Big Ridge to complete the transaction and get to work on advancing this exciting project.”
The project has seen several drilling projects over the years with the first serious drill program performed in 1998 by Cameco. A 2011 NI 43-101 estimated 360,000 inferred ounces and 247,000 inferred ounces along the DAC deposit, with only 15 holes drilled having been performed after the resource estimate. The potential of the area can’t be understated with 180 Million Oz produced within the prolific Abitibi Greenstone Belt over the decades.
Highlights of the project include:
Located within the Abitibi Greenstone Belt.
Gold mineralization found within 15m of surface along high grade quartz veins
DAC deposit shows potential for expansion along strike towards the nearby Darla Zone
Local infrastructure in place to handle gold production
172 Diamond drill holes with an approx. 50,400m drilled
982km of airborne VTEM surveys
171 km of ground magnetic surveys
Going forward Clarity Gold Corp expressed excitement to continue the work done at Destiny. Michel Robert, Advisor to Clarity stated: “Destiny is in an advanced exploratory stage with an NI 43-101 indicated resource, and with multiple under explored zones which makes for untapped exploration potential. At Clarity, we look forward to starting work and further defining this resource to become another success in the region.”
Clarity Gold Appoints Recognized Executive Michael Williams to Its Advisory Board
Clarity Gold Corp. is also pleased to welcome Mr. Michael Williams to its Advisory Board. Michael brings over 24 years of experience as a senior executive within the mining industry and enriches Clarity’s team with his experience in structuring, administrating, raising capital and marketing of Toronto Stock Exchange listed companies.
Mr. Williams has held a senior role in several public companies including Underworld Resources Ltd, which was sold to Kinross Gold Corp for $138,000,000. He has developed an international banking and financing network that includes extensive contacts with both institutional and retail investors. Mr. Williams has raised significant equity capital for advanced exploration and development projects.
Mr. Williams is the founder and Executive Chairman of Aftermath Silver and currently serves as a director, President and CEO of Vendetta Mining Corp.
“We are very pleased to have the guidance of a recognized professional with multiple successes in capital markets, advanced mineral exploration and development,” said James Rogers, CEO of Clarity. “Michael’s expertise is aligned with our long-term vision of excellence; to build a company with quality assets and a brilliant team, it all stems from a solid foundation. We are delighted to welcome him on our Advisory Board.”
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Tags: Quebec / Exploration / Gold / All Articles