AFX:CC - Noranda Royalties Completes Compilation of Data on Arctic Fox Lithium Corp.'s Kana Lake Lithium Property in the James Bay Region of Quebec
(TheNewswire)
VANCOUVER, BRITISH COLUMBIA – TheNewswire - April 5, 2023 – ArcticFox Lithium Corp. (CSE:AFX ) / ( FSE:7N4) (the“ Company ”) is pleased to announce thatNoranda Royalties (“ Noranda ”) has completed a compilation ofgeological data on its Kana Lake Lithium project in the James Bayregion of Quebec. Noranda compiled its data from previous work doneby the Quebec Ministère de l’Énergie et des Ressources Naturelles(“ MERN ”). The work done by Noranda confirms that there arefourteen (14) outcrops with ten (10) of them identified as pegmatiteon the Company’s Kana Lake Lithium project.
Mr. Harry Chew, President, CEO and director of theCompany, commented: “Noranda’s compilation report supports thepresence of pegmatite outcrops on the Company’s Kana Lake project.This coupled with Noranda’s previous report on the Company’sPontax North Lithium project gives us a total of 32 known outcrops, ofwhich 23 are pegmatite bearing. We are very happy with the workNoranda has completed as it confirmed our initial assessment thatthere are several pegmatite targets for our upcoming explorationprograms.”
About Kana Lake
The Kana Lake Lithium project is located north of theFliszar Lithium showing in the James Bay region of Quebec. During asummer/fall 2022 survey program conducted by MERN their geologistsidentified this area as a new lithium prospective zone that ischaracterized 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*.
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.
* 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.
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 data compilation described inthis press release; and the future potential of and the exploration onthe 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; and 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; and the ability 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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