Clarity Metals Initiates Exploration Work on Genius’ Optioned Lithium381 Property with an IP/Resistivity Survey
Clarity Metals Initiates Exploration Work on Genius’ Optioned
Lithium381 Property with an IP/Resistivity Survey
MONTRÉAL, QUÉBEC, CANADA — (December 20, 2022) - Genius Metals Inc. (TSXV: GENI)
(“Genius Metals” or the “Corporation”) is pleased to announce that Clarity Metals Corp. (formerly
Clarity Gold Corp.) has initiated exploration work by launching an IP/Resistivity survey on the
Lithium381 property. Genius signed an option agreement with Clarity Metals Corp. (CSE: CMET,
OTC: CLGCF, FSE: 27G) on December 6, 2022 which enables CMET to acquire a 50% interest in the
Corporation’s Lithium381 property, located in the James Bay-Eeyou Istchee region of the Province
of Quebec. In order to acquire a 50% interest in the property , Clarity must spend $750,000 in
exploration work before December 31, 2024 and issue 720,000 common shares of its capital to
Genius Metals. The Property is contiguous to Allkem Limited’s (TSX: AKE) James Bay Lithium
property which comprises the Allkem lithium deposit (40.8 Mt @1.40% Li 2O as Indicated
Resource) formerly known as the Cyr deposit (Figure 1).
Figure 1 Location of Lithium381 Project showing nearby properties and total pit outline on Allkem’s
James Bay Lithium Project from the Allkem Feasibility Study.
IP/Resistivity Survey
Clarity Metals Corp. is currently conducting an IP/resistivity survey on the entire Lithium381
property. The survey is performed by TMC Géophysique and is expected to be completed in
December. The grid line spacing was set at 100m, with the survey defined in a dipole -dipole
configuration and 25 m me asurements (n=10). Previous surveys conducted by Lithium One in
2008 (predecessor to Galaxy Lithium) and Allkem (2021) have shown high resistive values which
in part correspond to spodumene granitic pegmatite dykes and bodies unearthed and drilled over
the years (Figure 2). The last geophysical survey completed by TMC Géophysique in 2021 indicated
that the resistivity highs extended for 2.3km east of the Billy Diamond Road (James Bay Road)
where spodumene granitic pegmatite dykes were observed. Clarity and Genius hope to outline
similar resistivity targets to be investigated during the course of next year.
Figure 2. Contour map, apparent resistivity, galaxy Lithium (2008)
Qualified Person
The technical information contained in this news release was reviewed and approved by Michel
Boily, Ph.D., P. Geo, qualified person under NI 43-101.
About Genius Metals
Genius Metals is a Canadian mineral exploration company focused on the acquisition, exploration
and, if warranted, development of natural resource properties of merit in Canada.
Contact Information
Genius Metals Inc.
Tel.: 579-476-7000
Pierre-Olivier Goulet
Vice-President Corporate Development
Email: [email protected]
1-450-821-5270
Guy Goulet
President and CEO
Email: [email protected]
1-514-294-7000
Forward-Looking Statements and Disclaimer
Certain information contained herein may constitute “forward -looking information” under
Canadian securities legislation. Generally, forward -looking information can be identified using
forward-looking terminology such as, “will be”, “expected” or variations of such words and
phrases or statements that certain actions, events or results “will” occur. Forward -looking
statements, including statements relating to the exercise of the Option under the Option
Agreement and the timing and amount of Expenditures funded by Clarity and statements relating
to the expected findings on the Property, are based on the Corporation’s estimates and are subject
to known and unknown risks, uncertainties and other factors that may cause the actual results,
level of activity, performance or achievements of the Corporation to be materially different from
those expressed or implied by such forward -looking statements or forward-looking information.
There can be no assurance that such statements will prove to be accurate, as actual resu lts and
future events could differ materially from those anticipated in such statements. Accordingly,
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