Transformative Acquisition

  • Option to acquire 100%.
  • Located in the historical, mineral rich Abitibi Greenstone Belt.
  • Gold mineralization occurs in high-grade quartz veins within shear zones starting at 15m below surface (drill results include 167g/t Au over 1 m)
  • 2011 NI 43-101 indicated resource of 360,000 oz Au (10.8 Mt @ 1.05 gpt Au) and an inferred resource of 247,000 oz Au (8.3 Mt @ 0.92 gpt Au)1
  • The DAC deposit is open along strike with only coarse drilling denoting high grade intercepts outside of 2011 resource area showing expansion potential along strike from the DAC Deposit 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

[1] Information extracted from the Technical Report, dated March 1, 2011, authored by, Todd McCracken, P. Geo., and filed by Big Ridge on Sedar on March 7, 2011.

Mineral Rich
Abitibi Region

The most famous greenstone belt in the Superior terrane is known as the “Abitibi”

The belt, which spans the Quebec-Ontario border, has produced up to 180 million oz. gold from mining dating back to 1901 along major structural breaks within the assemblage of Archean-age volcanic, sedimentary and intrusive rocks.1

Exploring
Amongst Giants

Since gold was first discovered in the late 1800’s, the Abitibi has seen exploration radiate along the Cadillac-Larder Lake and Destor-Porcupine deformation zones.

Exploration and discovery has expanded north to other major structural breaks within the region including the Chicobi where the Destiny Project is located.

Exploration
Undercover

The majority of operating mines and significant gold occurrences in the Abitibi occur where there is minimal overburden cover. Exploration is easier at surface. Over the last few decades exploration strategies have adapted to begin looking for deposits undercover.

By compiling available drill hole data we can visualize the concentration of known deposits and showings and observe they largely occur where overburden is thin.

Mineral Rich Abitibi Region
Mineral Rich Abitibi Region
Exploring Amongst Giants
Exploring Amongst Giants
Exploration Undercover
Exploration Undercover
Previous
Next

Sizable • Strong Infrastructure • Established Resource

  • 5,013 ha
  • Road Access ~75 km NNE of Val d’Or
  • 2011 NI 43-101 Resource
    • Indicated 360,000 oz Au (10.8 Mt @ 1.05 gpt Au) 
    • Inferred 247,000 oz Au (8.3 Mt @ 0.92 gpt Au)
  • Exploration of the Destiny Project dates back to the 1930s with the first serious diamond drilling campaign commencing in 1998 by Cameco
  • Previous work on the property includes:
    • 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

Open For Expansion

West Zone

Limited, and shallow drilling has intercepted mineralization. Results include:
-3.36 g/t Au over 0.7 m
-1.5 g/t Au over 1.5 m

DAC Deposit

2011 NI 43-101 indicated resource of 360,000 oz Au (10.8 Mt @ 1.05 gpt Au) and an inferred resource of 247,000 oz Au (8.3 Mt @ 0.92 gpt Au)1

[1] Information extracted from the Technical Report, dated March 1, 2011, authored by, Todd McCracken, P. Geo., and filed by Big Ridge on Sedar on March 7, 2011.

Gap Zone

2012 drilling: 12 holes, 100 m apart, anomalous gold in every hole. Results include:
-12.2 g/t Au over 8.0 m
-16.10 g/t Au over 6.0m
-90.0 g/t over 1.0m

Darla Zone

On strike from DAC and GAP was tested by wide spaced drilling. Results include:
-6.7 g/t Au over 2.5 m
(incl. 19.73 g/t Au over 0.7 m)
-19.5 g/t Au over 2.1 m

Zone 20​

Zone 20 was tested by eight drill holes, intercepts include 4.6 g/t Au over 2.0 m; open on strike to east and west

Zone 21

Zone 21 was tested by eight drill holes, intercepts include 2.4 g/t Au over 6.0 m; open on strike to east and west

DAC Deposit

  • 2011 NI 43-101 Resource is open to depth from ~400m and along strike

  • DAC Deposit consists of 5 separate parallel shear zones of strongly sheared and altered mafic volcanic rocks, quartz porphyry dikes and gabbro within a 200m wide sheared corridor

  • Individual zones vary in width from 15 m to 30 m and contain high-grade quartz veins and disseminated pyrite with minor chalcopyrite, galena and sphalerite

  • Gold occurs mainly as very-fine grained disseminated native gold within the sheared host rocks and in the quartz veins

  • Individual veins vary in width from <1 m to several metres including one vein that is 9.7 m wide and averages 5.1 g/t Au; high grades up to 178 g/t/1.0 m

DES10-137 visible gold in sheared and silicified gabbro Assays of 8.46 g/t Au over 3.0 m from 371.0 to 374.0 m

The 2011 Technical Report entitled “NI 43-101 Technical Report and Resource Estimate of the DAC Deposit, Destiny Property, Quebec” included the following estimates:

ClassTonnesAu (gpt)Au (ounces)
Indicated10,800,000
1.05
360,000
Inferred
8,300,000
0.92
247,000

Notes:

  • This resource estimate and report The 2011 Technical Report was prepared for Alto Ventures Ltd. (now Big Ridge) and Pacific Northwest Capital Corp.
  • Values rounded to reflect summary nature of the estimate
  • Cut-off grade 0.5 g/t Au
  • Au price of US$973/Oz.
  • US$ to CAD$ conversion of 1.02
  • Au recovery 94%
  • 4:1 Strip ratio
  • Operating cost of $14.30/t at 10,000 tpd

Drill Hole Summary

ZoneHole IDFrom (m)To (m)Interval (m)Au g/t
DACDES9917117.2140.823.66.15
including118.8121.93.123.95
and134.8138.53.712.46
DES0032159.9169.29.33.98
including161.2165.94.75.37
and163.3165.92.67.78
DES05-64161.8170.58.75.42
including161.8163.21.422.14
DES05-66130.3133.12.85.18
and138.3139.313.37
and142.2143.61.48.83
DES05-67163.7170.97.28.81
including166168.72.719.49
DES05-79130.6133.12.510.7
and14214535.04
DES05-81323.7325.82.13.41
and333.73395.34.01
including333.7338.54.84.32
DES06-85214216.52.54.31
and221.7222.71167 * Fig. 1
DES06-96254.4261.26.82.46
and272.7275.733.04
DES10-137372.93741.125.65
DarlaDES06-91115.1117.21.219.67
DES08-104104.51072.56.73
including104.5105.20.719.73
GapDES12-14785.591.5616.1
including87.588.5190.3
and14614822.55
WestDES05-7579.880.50.73.36
and82.784.21.51.5
and90.391.81.51.23
SouthDES0051308.6309.91.32.22
DES00564949.20.23.03
and144.6145.30.71.69
and319319.20.22.23
Zone 21DES992193.899.862.49
including93.894.817.03
Zone 20DES9920218.4220.424.6
Fig. 1 - Visible Gold • Hole DES06-85

History of Drilling in the Abitibi

Option Terms

Clarity has entered into a definitive option agreement*
to acquire 100% of the Destiny Project

*Dated November 20, 2020. Closing of the definitive agreement and the closing thereof is subject to certain conditions including all necessary corporate approvals; and receipt of all necessary regulatory approvals, including those of the applicable stock exchanges.

For a total of $3,000,000 and $5,500,000 share issuance amount

Clarity could accelerate the exercise of the Option by making the cash payments and issuances of CLAR Shares earlier than the timeframes contemplated above, and upon completion of such cash payments and issuance of Clarity Shares, the Option would be deemed to be exercised. The number of Clarity Shares to be issued to Big Ridge pursuant to the Option would be determined by dividing the dollar amount of CLAR Shares to be issued at any point in time by the 5 day volume weighted average closing price of the CLAR Shares on the day before such issuance of such CLAR Shares, subject to the policies of the CSE.

 +  1% NSR on Destiny’s precious metals production

Payable by Clarity following commencement of commercial production. The Company would have the right to buy back the Royalty during the first 3 years following the commencement of commercial production on payment by Clarity to Big Ridge of $1,000,000.

Payment Date

Cash Payment Amount

Share Issuance $ Amount

Interest Earned

Payment Date

Deposit - Paid

Cash Payment Amount ​

$50,000

Share Issuance $ Amount ​

-

Interest Earned

-

Payment Date

Within 60 days of the execution of the definitive agreement

Cash Payment Amount ​

$450,000

Share Issuance $ Amount ​

$1,000,000

Interest Earned

-

Payment Date

12 months from Closing

Cash Payment Amount ​

$750,000

Share Issuance $ Amount ​

$1,000,000

Interest Earned

-

Payment Date

24 months from Closing

Cash Payment Amount ​

$750,000

Share Issuance $ Amount ​

$1,500,000

Interest Earned

49% earned

Payment Date

36 months from Closing

Cash Payment Amount ​

$1,000,000

Share Issuance $ Amount ​

$2,000,000

Interest Earned

100% earned

Total

Cash Payment Amount ​

$3,000,000

Share Issuance $ Amount ​

$5,500,000