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Arbor Metals Corp
Symbol ABR
Shares Issued 54,570,075
Close 2021-11-08 C$ 2.42
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Arbor Metals starts work program at Miller's Crossing

2021-11-09 06:20 ET - News Release

Mr. Mark Ferguson reports

ARBOR METALS INITIATES WORK ON MILLER CROSSING LITHIUM PROJECT, BIG SMOKY VALLEY, NEVADA

Arbor Metals Corp. has initiated a preliminary work program on its newly acquired Miller's Crossing lithium project, located in the Big Smoky Valley, Nevada, United States.

The Miller's Crossing project consists of 192 claims covering 3,800 acres, of which the company owns 100 per cent, with no royalties. The project is considered prospective for playa-type brine deposits as it is located near to, and shares geological similarities with, the Silver Peak lithium brine operations in the Clayton Valley owned by Albemarle Corp., which represents the only lithium-producing brine operation in North America. However, the project is also considered very prospective for lithium claystone mineralization in the richly mineralized Esmeralda lithium district of Nevada.

Brine target

The Miller's Crossing project covers a known playa in the Big Smoky Valley, approximately 40 kilometres east of Albemarle's Silver Peak lithium brine operation, which has been in continuous production since 1967. A playa is an internally drained brine deposit, the surface of which is primarily composed of silts and clays in which lithium can accumulate from the surrounding source rocks during successive evaporation and concentration events. Evaluation of surrounding gravity data has led to the hypothesis that the Big Smoky Valley has been infilled with an estimated 2,000 to 2,500 metres of alluvial fill and many have the potential to host a significant lithium deposit. The principal target on the Miller's Crossing project is a large northeast-trending gravity-low anomaly, which is suggestive of an infilled basin. The Big Smoky Valley was investigated with regional reverse circulation (RC) drilling by the U.S. Geological Survey (USGS) and anomalous lithium values were encountered in the basin sediments. The quality and concentrations of lithium brines discovered in the Clayton Valley may also be present on the Miller's Crossing project.

Claystone target

Significant concentrations of lithium (and other metals) in clays or claystone in closed basins have long been known and explored in many parts of the world. However, the recent advancement and success of Rio Tinto's Jadar deposit in Serbia, with a commitment in July, 2021, of $2.4-billion (U.S.) to develop an underground mine and processing plant, represents a sea change event for the lithium sector. Saleable lithium borate products from Jadar are scheduled for 2026, with construction to start in 2022. Within a 40-kilometre radius of the Miller's Crossing project, seven junior companies are exploring and advancing lithium claystone projects. Located 18 kilometres to the east, America Lithium's TLC project located in the Big Smoky Valley basin has established a resource in claystone with only 36 drill holes. Australian company Ioneer's Rhyolite Ridge lithium claystone project located 40 kilometres to the west of the Miller's Crossing project is reported to be the most advanced lithium project in the United States, with construction planned for late 2022. The Miller's Crossing project has excellent potential to host lithium claystone mineralization that previously was overlooked and not tested for.

The company has initiated preliminary work on the project directed at both brine and claystone targets. A satellite imagery survey has been commissioned, and field crews have made an initial visit to the site for reconnaissance and logistical planning. Field crews will be focusing on the identification of the Siebert formation sediments on the project, which is the host rock of American Lithium's TLC deposit. Proposed activities this quarter include geological mapping, extensive surface sampling, airborne and/or ground geophysics, and soil geochemistry. The company has engaged a leading Nevada lithium specialist to assist with the program management, as well as a Vancouver-based geologist with knowledge and experience in lithium clay exploration in Sonora, Mexico.

Mark Ferguson, president of the company, commented: "We are very excited to be advancing the company's Miller's Crossing lithium project. Our team has been evaluating past work and geological information and feels the potential for new discovery is promising. The company is particularly interested in exploring the Siebert formation sediments on the property, as the same formation in which American Lithium's TLC deposit was discovered."

Dr. Peter Born, PGeo, is the designated qualified person as defined by National Instrument 43-101 and is responsible for, and has approved, the technical information contained in this release.

The Miller's Crossing lithium project

The Miller's Crossing lithium project, comprising approximately 3,800 acres of contiguous placer claims, is located in the Big Smoky Valley, Esmeralda county, Nevada. The Big Smoky Valley is located immediately north of Clayton Valley, home to Albemarle's Silver Peak lithium mine (in continuous operation since 1967).

About Arbor Metals Corp.

Arbor Metals is a mining exploration company specializing in the development of high-value, geographic significant mineral projects around the world. As an industry leader, it is paving the way for advanced mineral exploration as it oversees world-class mining projects. The company believes quality project, combined with proven strategies and a professional and hard working team will deliver superior results. It holds two exceptional mineral projects.

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