Clarity Gold Corp. (“
Clarity” or the
“
Company”) (CSE: CLAR, OTC: CLGCF, FSE: 27G) is
pleased to announce signing of a service provision contract with
Minerva Intelligence Inc. (TSXV: MVAI)
(“
Minerva”), an artificial intelligence company
focused on amplifying human intelligence to support decision
making, for the use of their proprietary DRIVER technology,
enabling precision drill targeting and unparalleled insights into
drilling data from the Destiny Project in the Abitibi.
“As the drill program progresses, our team has
been diligently compiling and processing the historic database on
the Destiny project which includes over 50,000 m of drilling. The
DRIVER analysis will enable our team to further unlock value of
this extensive dataset as we continue advancing the Destiny
Project,” said James Rogers, Clarity’s CEO.
Minerva can deliver insights by using their
DRIVER software to identify multi-element zones in drilling data
which are too time consuming and complicated to identify by
conventional means. DRIVER then can associate these zones with
relevant lithologies and structures and express this knowledge of
identified exploration vectors extracted from exploration data in a
form that enables computer reasoning. This will allow Clarity Gold
to precisely target their drilling program, potentially saving
hundreds of thousands of dollars with an optimized drill plan.
Minerva’s cognitive reasoning platform then
extends its AI work by comparing the identified vectors to hundreds
of past and present mines throughout the world, shortlisting those
most similar to Clarity’s targets, which can then serve as
reliable, explainable models upon which geologists can build their
drilling strategies.
“This contract with Clarity is a testament to
the effectiveness of our AI technology in the domain of mineral
prospecting,” said Scott Tillman, CEO of Minerva Intelligence.
“Clarity is very confident in our DRIVER technology after
conducting due diligence on our past projects, and Minerva is
looking forward to quickly delivering valuable insights into the
Destiny Project drilling data.”
More information about DRIVER can be found at
www.minervaintelligence.com/DRIVER.
About the Destiny Project
The Destiny Project is located in the prolific
Abitibi Greenstone Belt where more than 190 million ounces of gold
have been produced historically along major structural breaks
within the assemblage of Archean-age volcanic, sedimentary and
intrusive rocks. The Destiny Project lies along the approximately
400 km long Chicobi Deformation Zone, a major structural break
which is largely underexplored in the Abitibi Greenstone Belt.
- Option to acquire 100% ownership.
- Located in the historic, mineral rich Abitibi Greenstone
Belt.
- Gold mineralization occurs in high-grade quartz veins within
shear zones starting at 15 m below surface.
- Drilling results include:
- 167 g/t Au over 1 m (from 221.7 m)
- 6.15 g/t Au over 23.6 m (from 117.2 m)
- 19.49 g/t Au over 2.7 m (from 166.0 m)
- The Historical Estimate at the DAC Zone is open along strike
with only coarse drilling denoting high grade intercepts outside of
the 2011 Historical Estimate area showing expansion potential along
strike from the DAC Zone over approximately 2.5 km to the Darla
Zone.
- Excellent infrastructure – ~75 km NNE of Val d’Or with road
access.
- Considerable work done historically including over 50,000 m of
diamond drilling.
The 5,013 ha project includes the DAC Zone, one
of several gold zones along an approximately 6 km long segment of
the Despinassy Shear Zone within the Chicobi Deformation Zone.
Approximately 2.5 km east along strike of the DAC Zone is the Darla
Zone. In between the Darla and DAC is the coarsely drilled GAP zone
where 2012 drilling intercepted anomalous gold in all 12 holes
which were spaced 100 m apart.
The current exploration potential is based on
decades of past work on the Destiny Project. Exploration of the
Destiny Project dates back to the 1930s. The first concerted
diamond drilling campaign commenced in 1998.
Previous work on the property can be summarized
as follows:
- 172 Diamond drill holes comprising approximately 50,400 m
- Reconnaissance till sampling from 11 Sonic drill holes
- 2,430 MMI geochemical samples
- 982 line km of airborne VTEM surveys
- 171 line km of ground magnetics surveys
- 128 line km of IP
About Minerva Intelligence,
Inc.
Minerva Intelligence Inc. is a knowledge
engineering company based in Vancouver, Canada, with a subsidiary
office in Darmstadt, Germany. Their proprietary evidence-based
decision-making software is bringing the benefits of artificial
intelligence technology to industries dependent on reasoning with
complex technical and scientific data.
Although Minerva’s applications currently focus
on earth science-related domains including climate risk and mineral
exploration, their technology has application in diverse industries
and domains.Minerva’s common shares are currently listed on the TSX
Venture (symbol: MVAI).For further details, please refer to their
website www.minervaintelligence.com.
For further information:
Minerva Intelligence Inc.Dan VroonBusiness
Development Manager+1 (604)
620-1051dvroon@minervaintelligence.com
Virtus Advisory GroupInvestor Relations+1 (416)
644-5081minerva@virtusadvisory.com
Qualified Person
Mr. Rory Kutluoglu P. Geo., a member of the
advisory board and a consultant of the Company, is the Qualified
Person (“QP”) under NI 43-101 for the technical information in this
news release and has verified the data disclosed for the Destiny
Project and approves the technical contents contained in this news
release.
About Clarity
Clarity Gold Corp. is a Canadian mineral
exploration company 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. The Company is based in Vancouver,
British Columbia, and is listed on the CSE under the symbol “CLAR”.
To learn more about Clarity Gold Corp. and its projects please
visit www.claritygoldcorp.com.
ON BEHALF OF THE BOARD
“James Rogers”Chief Executive OfficerTel: 1
(833) 387-7436Email: info@claritygoldcorp.com Website:
claritygoldcorp.com
This news release does not constitute an offer
to sell or the solicitation of an offer to buy, nor shall there be
any sale of these securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of such jurisdiction.
The securities have not been and will not be registered under the
United States Securities Act of 1933, as amended (the “U.S.
Securities Act”), or any state securities laws and may not be
offered or sold within the United States or to, or for the account
or benefit of, “U.S. persons,” as such term is defined in
Regulation S under the U.S. Securities Act, unless an exemption
from such registration is available.
CAUTIONARY STATEMENT REGARDING
FORWARD-LOOKING INFORMATION:
This news release contains forward-looking
statements. All statements, other than statements of historical
fact that address activities, events or developments that the
Company believes, expects or anticipates will or may occur in the
future are forward-looking statements. Forward-looking statements
in this news release include statements regarding: the service
provision contract with Minerva and its perceived benefits,
including that the DRIVER analysis will result in unparalleled
insights into drilling data from the Destiny Project in the Abitibi
and will enable the Company’s team to further unlock value of the
extensive dataset as it continues advancing the Destiny Project;
and other statements regarding the Company’s business and
operations.
The forward-looking statements reflect
management’s current expectations based on information currently
available and are subject to a number of risks and uncertainties
that may cause outcomes to differ materially from those discussed
in the forward-looking statements including: that the drilling may
not go as planned or start when expected; that the Company may
experience difficulties in drilling and carrying out related work;
changing costs for mining and processing; increased capital costs;
the timing and content of upcoming work programs; geological
interpretations based on drilling that may change with more
detailed information; the risk that the Company may lose access to
the property; the risks that the Company may not find any minerals
in commercially feasible quantities; that the Company may not raise
enough money to fund its exploration plans; uncertainty of
development plans and cost estimates; commodity price fluctuations;
political or economic instability and regulatory changes; currency
fluctuations; the state of the capital markets; uncertainty in the
measurement of mineral reserves and resource estimates; the
Company’s ability to attract and retain qualified personnel and
management; potential labour unrest; uncertainty as to reclamation
and closure requirements for its mineral properties; unpredictable
risks and hazards related to the exploration and development and
operation of a mine or mineral property that are beyond the
Company’s control; and other risks and uncertainties identified
under the heading “Risk Factors” in the Company’s continuous
disclosure documents filed on SEDAR. Although the Company believes
that the assumptions inherent in the forward-looking statements are
reasonable, forward-looking statements are not guarantees of future
performance and, accordingly, undue reliance should not be put on
such statements due to their inherent uncertainty. Factors that
could cause actual results or events to differ materially from
current expectations include general market conditions and other
factors beyond the control of the Company. The Company expressly
disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information,
future events or otherwise, except as required by applicable
law.
The Canadian Securities Exchange (operated by
CNSX Markets Inc.) has neither approved nor disapproved of the
contents of this press release.
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