Clarity Gold Drills Destiny
The United States and our pet companions in NATO are engaged in a somewhat radical experiment in social justice as the world stands on the verge of entering World War III. Ukrainian forces have positioned themselves on the borders of the Donbass breakaway republics determined to end that trial of real democracy.
The Western mainstream media continues to insist Russia invaded eastern Ukraine, however, it would be more accurate to suggest that when a vast percentage of the voters chose to return to Russian sovereignty that it was less of an invasion than just running away from the total political and economic corruption of Ukraine. In any case, with the full support of the US and NATO, a non-NATO country has been approved to start World War III.
It’s going to be an interesting war. Any pregnant American pilots have been given the latest spring collection of flight suits custom tailored for their changing bodies. Male US pilots are mulling over the latest government benefit where the Federal government will pay to have their balls and dick cut off, all at no cost to the pilot.
As a former F-4B pilot in Vietnam I can assure you that few of the guys I flew with would be signing up for that program. We considered balls an important part of our mandatory equipment. As far as having a dick, how do you sign your name in the snow without the proper tool?
The Russians are so old-school boring and have been caught sighting in their rifles as if combat is some part of modern warfare. That’s so yesterday.
It is going to be a short but interesting war. Meanwhile the MSM has the attention of the American public firmly focused on Biden’s first Soviet Style Show Trial currently underway in Minneapolis and has totally ignored the military buildup by Ukraine, Russia, the US and NATO. What could possibly go wrong?
Clarity Gold (CLAR-C) went public in an IPO in June of 2020 at $.175 a share. The company began with two minor gold prospects on Vancouver Island named the Tyber and Gretna Green projects and another in BC called the Empirical gold property, however, their focus has changed to advance the Destiny property located in the heart of the Abitibi Greenstone Belt.
The 5,013 ha Destiny property comes with a historic gold resource of just over 600,000 of fairly low-grade gold, about 1 g/t gold but with 50,000 meters of core drilling completed. Destiny sits on the same structure as does Amex Gold that I recently wrote about. The Abitibi Greenstone Belt of course has produced over 180 million ounces of gold historically.
Clarity picked up an option on 100% of the Destiny project from Big Ridge Gold for a total of $3 million in cash and issuance of $5.5 million in shares of CLAR. Big Ridge will retain a 1% NSR that Clarity can pick up for $1 million.
Clarity Gold has been aggressive in raising cash and put away $4.5 million at $.96 a unit for a full share and a half warrant at $1.25 good for one year. The company is in the process of doing another placement, a flow-through pp at $1.85 per share for a total of $3 million. The company is cashed up for a 10,000-meter drill program. Just days ago, Clarity announced completion of the first two holes at Destiny.
The young company has assembled a team of experienced geos and management. They have money in hand, a solid address in one of the safest jurisdictions in the world, and an option on a potentially world class project that is back end loaded. It is now up to management to put up or shut up but I suspect they will be assisted by a tailwind from an increasing price of gold.
Clarity Gold is an advertiser. I have participated in the latest PP so naturally I am biased. Do your own due diligence.
Clarity Gold Corp