AFX:CC - Arctic Fox Lithium Corp. Stakes Additional Claims South of its Kana Lake Lithium Project in the James Bay Region of Quebec
(TheNewswire)
Vancouver, British Columbia - TheNewswire - August 2, 2023 - Arctic Fox Lithium Corp. (CSE:AFX ) ( FSE:7N4) (the “Company” ) ispleased to announce that it has staked an additional seventeen (17)claims covering approximately 884 hectares contiguous to the south of its Kana Lake Lithium project in the JamesBay region of Quebec. The Company identified these claims based onwork done by its technical team which identified large possiblepegmatite structures on surface. These additional 17 claims will bein the name of Arctic Fox Lithium Corp. and will be valid for threeyears from the date of registration. The Kana Lake Lithium projectnow consists of a total of 108 claims covering approximately 5,716hectares.
Mr. Harry Chew, President, CEO and director, commented:“We are pleased to add to our existing portfolio of claims based onthe work done by our technical teams. The announcement on July 31,2023 by Patriot Battery Metals (TSXV: PMET) regarding its CV5,Corvette property being the largest lithium pegmatite resource in theAmericas, speaks to the potential of the entire James Bay region andwe are excited to conduct exploration work on our properties.”
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% B*.
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-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 obligationto update or revise its forward-looking statements, whether as aresult of new information, future events or otherwise, except asrequired by applicable law.
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