(TheNewswire)
Vancouver, BC - TheNewswire -February 6, 2023 - Arbor Metals Corp. (the“ Company ”) (TSXV:ABR)(FWB:432) (TSXV:ABR ) ( FWB:432) announces,in light of the recent successful discovery by Patriot Battery MetalsInc. (PMET), that it has expanded the scope of the Jarnet Lithium Property (“ Property ”) located in the James Bay regionof Quebec. Arbor’s Property borders PMET’s Corvette-FCIProperty. These new claims secure multiple pegmatite dykes which theCompany’s geological team have identified as similar to thepegmatite dykes on the Corvette-FCI Property where PMET recentlyreported 156.9 metres of 2.12% Li2O, including 25.0 metres of 5.04%Li2O (see PMET news release, January 19, 2023).
The new claims (designated the NE Block ) comprise 23claims for 1,175.3 hectares covering a strikelength of approximately 8 kilometres of a major north-east structuralfeature that has been identified on the Company’s North and SouthBlocks.
The Property now comprises three claim blocks( South, North andNE ) totalling 70 map-designated claims, coveringan area of approximately 3,759 hectares. The Jarnet South Block isless than 2 kilometers northwest of PMET’s CV-5 pegmatite zone wherean aggressive diamond drill program is in process, having made anumber of significant discoveries.
Mark Ferguson, Chief Executive Officer of the Companycommented, “the addition of these new claims to Arbor’s JarnetLithium Project will provide additional key targets for the Company toexplore as it works to define the potential of the region to becomethe centre of significant lithium production in the future.”
Exploration activities, as recommended by the 2022 sitevisit, will include the use of high?resolution satellite imagery torefine geological contacts, interpret structures and identifypotential pegmatite boulder fields. This will befollowed by magnetic and geophysical surveys to define key drilltargets along pegmatite dykes, which will then be followed by anaggressive summer exploration program.
Note: Company management cautionsthe discoveries and observations on properties in proximity to theCompany's properties are not necessarily indicative of the presence ofsimilar mineralization or geology on the company's properties.
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 Metals 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.
Jarnet Lithium Project , located in the James Bay Region of Quebec, comprisesseventy map designated claims, covering an area of approximately 3759hectares. The Jarnet Project is contiguous to the Corvette-FCI Property, where diamond drilling has confirmedsignificant lithium mineralization.
For further information, contact Mark Ferguson, ChiefExecutive Officer, at info@arbormetals.com , or visit the Company’s website atwww.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 extension of that Project, and other factors orinformation. Such statements represent the Company’s current viewswith respect to future events and are necessarily based upon a numberof assumptions and estimates that, while considered reasonable by theCompany, are inherently subject to significant business, economic,competitive, political and social risks, contingencies anduncertainties. Many factors, both known and unknown, could causeresults, performance, or achievements to be materially different fromthe results, performance or achievements that are or may be expressedor implied by such forward-looking statements. The Company does notintend, and does not assume any obligation, to update theseforward-looking statements or information to reflect changes inassumptions or changes in circumstances or any other events affectingsuch statements and information other than as required by applicablelaws, rules and regulations.
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