AFX:CC - Arctic Fox Lithium Corp. Engages the Services of Global One Media Limited
(TheNewswire)
Vancouver, British Columbia - TheNewswire - August 15, 2023 - Arctic Fox Lithium Corp. (CSE:AFX ) ( FSE:7N4) (the “ Company ” ) is pleasedto announce that it has engaged the services of Global One MediaLimited (“ Global OneMedia ”) to manage its social media channels,including the distribution of interviews, company news, and othersimilar services. These services are expected to be provided by Mr.Bastien Boulay, Managing Partner at Global One Media. Global OneMedia’s office address is located at Suite 1500, 1155 MetcalfeStreet, Montreal, QC H3B 2V6 and Mr. Boulay can be reached at514-695-0351.
Mr. Harry Chew, President, CEO and director, commented:“Global One Media will extend our presence globally across severalsocial media platforms as we advance our lithium prospects in theJames Bay region of Quebec.”
Commenting on the engagement, Mr. Bastien Boulay, Managing Partner at Global OneMedia , said, "Withnow nearly 80% of young adults turning to social media for investmentadvice, we are thrilled to be able to introduce and enhance Arctic FoxLithium Corp.’s exposure to Millennial and Gen Z investors inparticular, who typically consume investment information on digitalchannels such as YouTube, TikTok, Spotify and Instagram. By presentingthe information in a way that is relevant to them and easy to digestand understand, we aim to help Arctic Fox Lithium Corp. develop adynamic online following across all their social mediachannels.”
In consideration of the services, the Company hasagreed to pay to Global One Media USD$3,000 on a month to month basiscommencing August 15, 2023. Global One Media does not have anyinterest, directly or indirectly, in the Company or its securities, orany right or intent to acquire such an interest. Global One Mediamay provide additional services in the future.
About Global One Media Limited
Global One Media is an innovative investor-focuseddigital marketing agency solving the needs of small and mid-cap listedcompanies. We deliver creative and effective solutions for brandpositioning and strategic communications across all industries,specializing in investor engagement and growth marketing for listedand pre-IPO companies. Using our “Stocks To Watch” global network,we help public companies dominate their sector amid the web and socialmedia landscape, tell their story in an engaging manner, and reachmillions of investors around the world.
About Arctic Fox Lithium Corp.
Arctic Fox Lithium Corp. is a junior mineralexploration company focused on the acquisition and development ofmineral properties containing battery, base and preciousmetals.
The Company’s Kana Lake Lithium project is locatednorth of the Fliszar Lithium showing in the James Bay region ofQuébec. During a summer/fall 2022 survey program conducted by theQu é bec Ministère del’Énergie et des Ressources Naturelles ( “MERN” ) theirgeologists identified this area as a new lithium prospective zone thatis characterized by the presence of numerous E-W trending pegmatiticgranite dykes. The presence of garnet and muscovite in these rocksindicates a hyperaluminous composition, suitable for the developmentof lithium mineralization. These pegmatites are consistent with theFliszar Lithium showing to the south of the property which three grabsamples rich in lepidolite, returned up to 1.83% LiO2, 0.34% Cs, 1.11%Rb, 126 ppm Nb, 374 ppm Ta and 0.3% B*.
The Company’s 2,756-hectare Pontax North LithiumProject (“ PontaxNorth ”) is located 12 km south of Allkem Ltd.(ASX/TSX:ALLKEM) (“ Allkem ”) James Bay Lithium Project and 12 kmnorth of Stria Lithium Inc.’s (CSE:SRA) Pontax Lithium Project,located in northern Québec, approximately 130 km east of James Bayand the Cree Nation’s Eastmain community.
The northern portion of Pontax North contains a lithiumprospective zone in a similar geological environment to Allkem’sproject. According to the Quebec Ministère de l’Énergie et desRessources Naturelles (MERN) this zone is characterized by theabundance of S-type pegmatitic granite intrusions, a lithology knownfor its Be, Li, Nb, and Ta potential. Beryl (aberyllium silicate mineral) is reported in several outcrops withinthis zone. The Property is known to contain a 10 km long pegmatitetrend as mapped by MERN. This trend appears tobe underexplored, despite its recognized lithium potential. Swarms oflithium-bearing granitic dykes are present 12 km north of the Propertyat Allkem’s Cyr showing and at Stria Lithium’s Pontax showing 12km to the south.
Allkem is proposing to develop a lithium mine at theirJames Bay Lithium Project, located adjacent to the Billy DiamondHighway which provides access to key infrastructure in the region. The2021 Feasibility Study and Maiden Ore Reserve (“ FS ”) details a 321ktpa spodumene operation utilizing conventional open pit mining.Allkem’s spodumene expertise from the success of its Mt. Cattlinoperations in Western Australia has been applied to the design anddevelopment of the James Bay Project. The FS suggests that James BayProject will be the most competitive operation in the region with thelowest capital and operating costs. Shallow, high-grade mineralizationwith favourable infrastructure also supports the low-cost operation.Allkem has published a mineral resource estimate of 40.3 Mt @1.40%Li2O ( FS summaryhere ) and mineralization is stillopen.
Stria launched its first full drilling program at itsPontax project in 2017, completing seven holes for a total of 911.4 m.All seven holes intersected spodumene - bearing pegmatite dykesgrading from 0.65% Li2O to 2.49% Li2O over a minimum of 1.0 m( Stria Lithium website ). The best intercept was 21.39mgrading 1.16% Li2O in drill hole 975-17-0142.
References to adjacentproperties:
12 km North: Allkem Ltd. James BayLithium:
The technical report entitled “NI43-101 Technical Report Feasibility Study James Bay Lithium ProjectQuebec, Canada” prepared by G Mining Services and dated January 11,2022.
12 km South: Stria Lithium Inc.(Pontax Lithium Project):
https://strialithium.com/exploration/pontax-project/
The Company’s 1,056 hectare Delta Lake Lithiumproject (“ DeltaLake ”) is located 55 km southeast ofAllkem’s James Bay Lithium Project and 20 kmnorth of Critical Elements Lithium Corp. (TSXV: CRE) (“ CEL ”) Rose LithiumProject.
The geological environment in the northwestern portionof Delta Lake is similar to that hosting Allkem’s lithiummineralization. According to the Québec Ministère de l’Énergie etdes Ressources Naturelles ( “MERN” ) this zone is characterized by theabundance of S-type pegmatitic granite intrusions, a lithology knownfor its Be, Li, Nb, and Ta potential. Beryl (a beryllium silicatemineral) is reported in several outcrops within this zone.
Allkem (55 km northwest) is proposing to develop alithium mine at their James Bay Lithium Project, located adjacent tothe Billy Diamond Highway which provides access to key infrastructurein the region. The 2021 Feasibility Study and Maiden Ore Reserve(“ FS ”) details a 321,000 tonne per year operation utilizingconventional open pit mining. Allkem’s spodumene expertise from thesuccess of its Mt. Cattlin operations in Western Australia has beenapplied to the design and development of the James Bay Project. The FSsuggests that James Bay Project will be the most competitive operationin the region with low capital and operating costs. Shallow,high-grade mineralization with favourable infrastructure also supportsthe low-cost operation. Allkem has published a mineral resourceestimate of 40.3 Mt @1.40% Li2O ( FSsummary here ) and mineralization isstill open.
CEL’s Rose Lithium-Tantalum mine (20 km south) isanticipated to start production in approximately 21 months. The minewill excavate a total of 26.3M tonnes ore grading an average of 0.87%Li 2 O and 138 ppmTa 2 O 5 after dilution. The mill willprocess 1.61M tonnes of ore per year to produce an annual average of224,686 tonnes of technical and chemical grade spodumene concentratesand 441 tonnes of tantalite concentrate. The ore is contained inseveral parallel and continuous shallow dipping pegmatite dykesoutcropping on surface. The ore zones are open at depth and a futureunderground operation is possible. Over the life of mine, the openpit will excavate a total of 182.4M tonnes ofwaste rock and 10.9 M tonnes of overburden. The average strip ratio is7.3 tonnes of waste per tonne of ore. ( CEL website ).
References to adjacentproperties:
55 km Northwest: Allkem Ltd. JamesBay Lithium:
The technical report entitled “NI43-101 Technical Report Feasibility Study James Bay Lithium ProjectQuebec, Canada” prepared by G Mining Services and dated January 11,2022.
20 km South: Critical ElementsLithium Corp. Rose Lithium-Tantalum:
The technical report entitled“Rose Lithium-Tantalum Project Feasibility Study NI 43-101 TechnicalReport” prepared by WSP Canada Inc. and dated July 26, 2022.
* This news release containsinformation about adjacent properties on which Arctic Fox has no rightto explore or mine. Readers are cautioned that mineral deposits onadjacent properties are not indicative of mineral deposits on theCompany’s properties.
For further information, please contact:
Harry Chew, President, CEO
Phone: (604) 689-2646
On behalf of the Board of Directors,
“Harry Chew”
Harry Chew
President & CEO
Arctic Fox Lithium Corp.
Neither the Canadian SecuritiesExchange nor its Regulation Services Provider (as that term is definedin the policies of the Canadian Securities Exchange) acceptsresponsibility for the adequacy or accuracy of this pressrelease.
The technical information containedwithin this News Release has been reviewed and approved by Gerald G.Carlson, Ph.D., P.Eng., Director of Arctic Fox and Qualified Person asdefined in National Instrument 43-101 Standards of Disclosure forMineral Projects.
Forward-Looking Information: This release includes certain statementsthat may be deemed "forward-looking statements". Allstatements in this release, other than statements of historical facts,that address any activities and events or developments that Arctic FoxLithium Corp. (" Arctic Fox ") expects to occur, are forward-looking statements. AlthoughArctic Fox believes the expectations expressed in such forward-lookingstatements are based on reasonable assumptions, actual results ordevelopments may differ materially from those forward-lookingstatements. Forward-looking statements in this press release include,but are not limited to, statements relating to: the engagement ofGlobal One Media described in this press release and anticipatedbenefits relating to such engagement; and potential explorationactivities on Arctic’s Fox’s properties and other properties inthe same region . Factors that could cause actual results to differmaterially from those in forward looking statements include: failureto realize the benefits anticipated from the engagement of Global OneMedia; uncertainty with respect to the results of future explorationand the ability to conduct any exploration activities on theproperties described in this press release; market prices; disruptionsrelating to the COVID-19 pandemic; and continued availability ofcapital and financing and general economic, market or businessconditions. These statements are based on a number of assumptionsincluding, among other things: assumptions regarding general businessand economic conditions; the fulfilment of contractual obligations;and the Company having sufficient resources to be able to conductanticipated exploration activities. Investors are cautioned that anysuch statements are not guarantees of future performance and actualresults or developments may differ materially from those projected inthe forward-looking statements. Arctic Fox does not assume anyobligation to update or revise its forward-looking statements, whetheras a result of new information, future events or otherwise, except asrequired by applicable law.
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