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Tuesday, Feb 20, 2024
Mugglehead Magazine
Alternative investment news based in Vancouver, B.C.

Alternative Energy

Clarity Metals starts exploration of Lithium381 property with induced polarization survey

Genius Metals inked an option agreement with Clarity giving Clarity a chance to acquire a 50 per cent interest in the Lithium381 property

Clarity Metals
Photo by Ricardo Gomez Angel via Unsplash

Genius Metals (TSXV: GENI) announced that Clarity Metals (CSE: CMET) (OTC: CLGCF) started exploration by launching an induced polarization resistivity (IP) survey on the Lithium381 property today.

Clarity Metals is conducting the survey on the entire property. Furthermore, it’s being performed by TMC Géophysique and is anticipated to be finished in December. Additionally, the grid line spacing set at 100 metres, and the survey defined in a dipole-dipole configuration with 25 meter measurements.

Genius inked an option agreement with Clarity on December 6 that gives Clarity a chance to acquire a 50 per cent interest in the Lithium381 property. The property itself is located in the James Bay-Eeyou Istchee region of Quebec. Clarity will also need to spend $750,000 in exploration work before December 31, 2024 and give 720,000 common shares to Genius Metal.

Read more: American Lithium to spin-out Peru uranium project into separate company

Read more: Calibre Mining brings high grade gold drill results home from Nicaragua

Induced polarization helps find hidden electrical currents

Geophysicists use IP in geophysical surveying to identify the electrical chargeability of materials underneath the surface of the earth.

IP resembles electrical resistivity tomography in that an electrical current is sent into the subsurface via two electrodes. Scientists then monitor voltage through two other electrodes. Mineral exploration and mine operations use IP extensively and an IP survey also determines capacitive properties of subsurface materials.

Additionally Lithium381 shares a border with Allkem‘s (TSX: AKE) James Bay Lithium property, including the Allkem lithium deposit.

Location of Lithium381 Project showing nearby properties and total pit outline on Allkem’s James Bay Lithium Project from the Allkem Feasibility Study. Image via Genius Metals

Previously, surveys showed high resistive values corresponding to spodumene granitic pegmatite dykes and bodies revealed and drilled over the years. The last survey completed by GMC Géophysique in 2021 showed the resistivity reached for 2.3 kilometers east of the Billy Diamond Road (James Bay Road) where spodumene granitic pegmatite dykes were seen.

Genius Metals is a Canadian mineral explorer working on the acquisition, exploration and development of natural resource properties in Canada.


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