(TheNewswire)
Vancouver, Canada– TheNewswire - January 31 st , 2023– Arbor Metals Corp. ( “Arbor” or the“ Company ”) (TSXV: ABR, FWB: 432) congratulates Patriot Battery Metals Inc.’s (PMET) on its continuingsuccess on its CV5 Lithium Project on the Corvette-FCI Property,located in the James Bay region of northern Quebec. PMET’s recent(January 30 th , 2023) announcement of 52.2 metres at 3.34 per cent Li2O(lithium oxide), including 15 metres at 5.10 per cent Li2O and 2metres at 6.17 per cent Li2O, is viewed as one of the most significantlithium discoveries in Canada in recent years. As reported in theFinancial Times (January 20, 2023) “ Patriot’s good news comes at a time whenCanada is looking to boost its critical minerals sector in an attemptto create an electric-vehicle industry .” ( source:https://financialpost.com/commodities/energy/electric-vehicles/patriot-battery-stock-surges-lithium-reading”
PMET has identified the CV lithium trend, representingan important emerging spodumene pegmatite district and spans more than25 km across the Corvette property. The CV5 pegmatite core areaincludes an approximate 2.2 km long spodumene pegmatite and multipleproximal secondary spodumene pegmatite lenses.
Arbor’s Jarnet Lithium Project comprises three claimblocks ( South, North andNE ), with the Jarnet South Block located lessthan 2 kilometers northwest of PMET’s CV-5 pegmatite zone (*). TheNE block is only 1 kilometre southeast of the south of the regionaland all-weather Trans-Taiga road.
Exploration activities planned by the Company on allblocks for later in the first quarter of 2023, will comprise a groundor drone magnetic survey. Other geophysical surveys are beingreviewed, subject to the availability of contractors and equipment. Asrecommended from the 2022 site visit, the Company is planning to usehigh?resolution satellite imagery to refine geological contacts,interpret structures and identify potential pegmatite boulder fields.The geophysical and satellite imagery surveys will assist withplanning for an aggressive summer exploration program.
(*) Note: Company managementcautions the discoveries and observations on properties in proximityto the Company's properties are not necessarily indicative of thepresence of similar mineralization or geology on the Company'sproperties.
Dr. Peter Born, P.Geo., is the designated qualifiedperson as defined by NationalInstrument 43-101 and is responsible for, andhas approved, the technical information contained in thisrelease.
Arbor Metal Corp . is a mining exploration company specializing in thedevelopment of high-value, geographic significant mineral projectsaround the world. As industry leaders, we are paving the way foradvanced mineral exploration as we oversee world-class mining projects. We believe quality projects,combined with proven strategies and a professional team will deliversuperior results. We hold three exceptional mineral projects.
JarnetLithium Project , located in the James Bay Regionof Quebec, which comprises of forty-seven map designated claims,covering an area of approximately 2,584 hectares. The Jarnet Projectis contiguous to the Corvette-FCI Property,where diamond drilling has confirmed significant lithiummineralization .
For further information, contact Mark Ferguson, ChiefExecutive Officer, at info@arbormetals.com , or visit theCompany’s website at www.arbormetalscorp.com.
On behalf of the Board,
Arbor Metals Corp.
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, the assessment of samples from that Project, andother factors or information. Such statements represent theCompany’s current views with respect to future events and arenecessarily based upon a number of assumptions and estimates that,while considered reasonable by the Company, are inherently subject tosignificant business, economic, competitive, political and socialrisks, contingencies and uncertainties. Many factors, both known andunknown, could cause results, performance, or achievements to bematerially different from the results, performance or achievementsthat are or may be expressed or implied by such forward-lookingstatements. The Company does not intend, and does not assume anyobligation, to update these forward-looking statements or informationto reflect changes in assumptions or changes in circumstances or anyother events affecting such statements and information other than asrequired by applicable laws, rules and regulations.
Copyright (c) 2023 TheNewswire - All rights reserved.