ABR - Arbor Metals Unveils Fully Funded Multi-Phase 2024 Exploration Program for Jarnet Lithium Project Quebec Canada
(TheNewswire)
Vancouver, Canada– TheNewswire - January 28, 2024 – Arbor Metals Corp. (“ Arbor ” or the “ Company ”)(TSXV:ABR ) ( FWB:432) is pleased to announce the comprehensive details ofits fully funded, multiphase 2024 exploration program for the JarnetLithium Project. Situated in the Eeyou-IstcheeBaie James Territory territory of Quebec, adjoining Patriot BatteryMetals’ Corvette Lithium Project.
Phase 1: GroundMagnetometer Survey (Commencing February 2024)
The first phase of the program involves a groundmagnetometer survey covering approximately 225 line kilometers. Thissurvey aims to identify and map magnetic contrasts helping to locatepegmatite intrusions and structural patterns controlling theiremplacement. In the Corvette area, a pegmatite event is the primaryhost rock for spodumene mineralization, which intrude the countrymafic rocks. With well-maintained winter roads providing excellentaccess to the claims, this survey is set to commence in February2024.
Phase 2: Prospectingand C-Horizon Soil Sampling (Scheduled for Summer 2024)
The second phase is a prospecting and C-horizon soilsampling program, targeting deeper samples. Helicopter support willfacilitate the execution of this phase, considering the extensive sizeof the project. Information gathered from this phase, in conjunctionwith ground geophysical data, will play a pivotal role in refiningdiamond drilling targets. The prospecting program is slated for earlySummer 2024.
Phase 3: DiamondDrilling (Fall 2024)
Anticipated to commence in the fall of 2024, the thirdphase involves diamond drilling. While road access is expected to beavailable, the vastness of Arbor’s holdings makes helicopter supporta feasible option. Permitting activities are scheduled for the summer,and the Company plans to drill up to 14 holes, each at a depth of 200meters, with an estimated cost of approximately $1.2 million.
Mark Ferguson, President of Arbor, expressed hisenthusiasm about the exploration program, stating, "Our 2024exploration program is a testament to our commitment to unlocking thefull potential of the Jarnet Lithium Project. The multiphase approach,coupled with advanced survey techniques, reflects our dedication toinformed and strategic exploration."
Arbor emphasizes its commitment to workingcollaboratively with local communities and indigenous groupsthroughout the exploration process. The Company prioritizessustainable and responsible environmental practices, ensuring that itsoperations adhere to the highest industry standards.
QualifiedPerson
Martin Demers , P. Geo registered in the Provinces of Québec (ogq #770), aconsultant to Arbor and a qualified person under National Instrument 43?101 –Standards of Disclosure for Mineral Projects , has reviewed the technical contentsof this news release and has approved the disclosure of the technicalinformation contained herein.
Incentive Stock Option Grant
The Company also announces that it has granted1,000,000 incentive stock options to the directors and officers of theCompany. The options vest upon grant and are exercisable at a priceof $1.00 until January 29, 2025.
About Arbor Metals Corp.
Arbor Metals Corp. is a mining explorationcompany focused on developing high-value, geographically significantmineral projects worldwide. Arbor ispaving the way for advanced mineral exploration as it overseesworld-class mining projects. The Company is confident that combiningquality projects with proven strategies and a dedicated team will yield exceptional outcomes.
The Jarnet lithium project , located in the James Bay region of Quebec, comprises 47map-designated claims, covering an area of approximately 3,759hectares. The Jarnet project is contiguous to theCorvette-FCI property, where diamond drilling has confirmedsignificant lithium mineralization representing one of thehighest-profile lithium exploration projects in the sector.
For further information, contact Mark Ferguson, ChiefExecutive Officer, at info@arbormetalscorp.com , or 403.852.4869, or visit the Company’swebsite at www.arbormetalscorp.com .
On behalf of the Board,
Mark Ferguson, Chief Executive Officer
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.
This news release may containcertain “Forward-Looking Statements” within the meaning of theUnited States Private Securities Litigation Reform Act of 1995 andapplicable Canadian securities laws. When or if used in this newsrelease, the words “anticipate”, “believe”, “estimate”,“expect”, “target, “plan”, “forecast”, “may”,“schedule” and similar words or expressions identifyforward-looking statements or information. These forward-lookingstatements or information may relate to the development of the JarnetLithium Project, and other factors or information. Such statementsrepresent the Company’s current views with respect to future eventsand are necessarily based upon a number of assumptions and estimatesthat, while considered reasonable by the Company, are inherentlysubject to significant business, economic, competitive, political andsocial risks, contingencies and uncertainties. Many factors, bothknown and unknown, could cause results, performance, or achievementsto be materially different from the results, performance orachievements that are or may be expressed or implied by suchforward-looking statements. The Company does not intend, and does notassume any obligation, to update these forward-looking statements orinformation to reflect changes in assumptions or changes incircumstances or any other events affecting such statements andinformation other than as required by applicable laws, rules andregulations.
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