Mr. Mark Ferguson reports
ARBOR METALS EXPANDS MILLER CROSSING LITHIUM PROJECT, BIG SMOKY VALLEY, NEVADA
Arbor Metals Corp. has expanded its property holdings with the staking of 74 additional unpatented mineral claims comprising approximately 1,480 acres, at its Miller's Crossing lithium project, located in the Big Smoky Valley, Nevada, United States. The claims are interpreted to be prospective for lithium clay and claystone mineralization and were acquired following a review of a commissioned satellite imagery survey, and a site visit by the company's consultants, Advanced Surveying and Professional Services. The Miller's Crossing property now comprises 194 claims (3,880 acres).
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. Within a 40-kilometre radius of the Miller's Crossing project, seven 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 in the richly mineralized Esmeralda lithium district. The Miller's Crossing project has excellent potential to host lithium claystone mineralization that previously was overlooked and not tested for.
Australian company Ioneer's Rhyolite Ridge lithium claystone project is located 40 kilometres to the west of the Miller's Crossing project and is reported to be one of the most advanced lithium projects in the United States. Milestones for Ioneer in 2021 include: signing an offtake agreement with EcoPro Innovation Co. Ltd. (a subsidiary of a South Korean battery maker), securing a $490-million (U.S.) investment commitment from Sibanye-Stillwater for 50 per cent of the Rhyolite Ridge project and raising $175-million (Australian) in new equity. Both the TLC and Rhyolite Ridge projects are examples of the strong attention and interest in lithium claystone deposits in Nevada and highlight the ability for rapid advancement of an early-stage project to the resource stage.
The company will be recommencing exploration activities in the following weeks including geological mapping, surface sampling, ground geophysics and soil geochemistry.
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.
About Arbor Metals Corp.
The company is a mining exploration company specializing in the development of high-value, geographic significant mineral projects around the world. As industry leaders, the company is paving the way for advanced mineral exploration as it oversees world-class mining projects. The company believes quality projects, combined with proven strategies and a professional team, will deliver superior results. The company hold three exceptional mineral projects.
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