AFX:CC - Arctic Fox Lithium Corp. Stakes Additional Claims Contiguous to its Kana Lake Lithium Project in the James Bay Region of Quebec
(TheNewswire)
Vancouver, British Columbia - TheNewswire - September 18, 2023 - Arctic Fox LithiumCorp. (CSE:AFX ) ( FSE:O5K) (the “Company” ) is pleased to announce that ithas staked an additional five (5) claims covering approximately 260hectares contiguous to thesouth of its Kana Lake Lithium project in the James Bay region ofQuébec. The Company’s technical advisers felt that it wasimportant to add these claims that have recently become available asit adds to an area where potential surface pegmatites have beenpreviously mapped. These additional 5 claims will be in the name ofArctic Fox Lithium Corp. and will initially be valid for three yearsfrom the date of registration. The Kana Lake Lithium project nowconsists of a total of 113 claims covering approximately 5,976hectares.
Mr. Harry Chew, President, CEO and director, commented:“As we prepare to do some exploration work and LiDAR surveying onour projects it was important for us to stake these additional claimsas they sit on potential pegmatite bearing areas. We will continueto monitor claims across all of our projects as they come availableand if feasible stake them to add to our land holdings.”
About Kana Lake
The Kana Lake Lithium project is located north of theFliszar Lithium showing in the James Bay region of Québec. During asummer/fall 2022 survey program conducted by the Qu é bec Ministère de l’Énergie et desRessources Naturelles ( “MERN” ) their geologists identified thisarea as a new lithium prospective zone that is characterized by thepresence of numerous E-W trending pegmatitic granite dykes. Thepresence of garnet and muscovite in these rocks indicates ahyperaluminous composition, suitable for the development of lithiummineralization. These pegmatites are consistent with the FliszarLithium showing to the south of the property which three grab samplesrich in lepidolite, returned up to 1.83% LiO2, 0.34% Cs, 1.11% Rb, 126ppm Nb, 374 ppm Ta and 0.3% Be*.
The technical information containedwithin this News Release has been reviewed and approved by Gerald G.Carlson, Ph.D., P.Eng., Director of Arctic Fox Lithium Corp. andQualified Person as defined in National Instrument 43-101 Standards ofDisclosure for Mineral Projects .
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.
Forward-LookingInformation: This releaseincludes certain statements that may be deemed "forward-lookingstatements". All statements in this release, other thanstatements of historical facts, that address any activities and eventsor developments that Arctic Fox Lithium Corp. (" Arctic Fox ") expects to occur, areforward-looking statements. Although Arctic Fox believes theexpectations expressed in such forward-looking statements are based onreasonable assumptions, such statements are not guarantees of futureperformance and actual results or developments may differ materiallyfrom those forward-looking statements. Forward-looking statements inthis press release include, but are not limited to, statementsrelating to: potential benefits of the staking described in this pressrelease; and the future potential of and exploration to be conductedon the properties described in this press release. Factors that couldcause actual results to differ materially from those in forwardlooking statements include uncertainty with respect to the results offuture exploration and the ability to conduct any explorationactivities on the properties described in this press release; marketprices; disruptions relating to the COVID-19 pandemic; continuedavailability of capital and financing; and general economic, market orbusiness conditions. These statements are based on a number ofassumptions including, among other things, assumptions regardinggeneral business and economic conditions; the ability to conductanticipated exploration activities; and potential mineralization atthe Company’s properties. Investors are cautioned that any suchstatements are not guarantees of future performance and actual resultsor developments may differ materially from those projected in theforward-looking statements. Arctic Fox does not assume any obligation to update or revise itsforward-looking statements, whether as a result of new information,future events or otherwise, except as required by applicablelaw.
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