21:52:56 EST Sat 03 Dec 2022
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Arbor Metals Corp
Symbol ABR
Shares Issued 54,570,075
Close 2022-03-22 C$ 2.45
Recent Sedar Documents

Arbor Metals adds 154 hectares to Jarnet project

2022-03-22 08:08 ET - News Release

Mr. Mark Ferguson reports

ARBOR METALS EXPANDS JARNET LITHIUM PROJECT, JAMES BAY, QUEBEC, CANADA

Arbor Metals Corp. has expanded the Jarnet lithium project, which is located in the James Bay region of Quebec. After extensive review and analysis of work completed in the Jarnet lithium project area, combined with additional discoveries made on trend with the company's Jarnet lithium project, the company has successfully expanded its Jarnet lithium project by 154 hectares. The company would like to thank the Province of Quebec, Canada, for these exceptional claims, and its participation in the transaction. The additional lands are strategically located contiguously with the Corvette-FCI property where a number of lithium discoveries have been made recently.*

The company intends to move forward by adding these acquisitions into its exploration modelling plans. Details and timing of this exploration plan will be released once determined.

* Company management cautions the reader that past results or discoveries on properties in proximity to the company's properties are not necessarily indicative of the presence of similar mineralization on the company's properties.

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.

Arbor Metals 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. It holds three exceptional mineral projects.

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 the Clayton Valley, home to Albemarle's Silver Peak lithium brine mine (in continuous operation since 1967).

The Jarnet lithium project, located in the James Bay region of Quebec, which comprises 47 map-designated claims, covers an area of approximately 2,584 hectares. The Jarnet project is contiguous to the Corvette-FCI property, where diamond drilling has confirmed significant lithium mineralization; hole (CF21-001) returned a 146.8-metre interval of near continuous pegmatite, assaying 0.93 per cent lithium dioxide and 114 parts per million tantalum pentoxide, including 1.09 per cent Li2O and 108 ppm Ta2O5 over 73.0 m, and 1.04 per cent Li2O and 145 ppm Ta2O5 over 54.6 m. This interval returned numerous samples over 2.0 per cent Li2O, including a peak assay of 4.16 per cent Li2O and 233 ppm Ta2O5 over 1.01 m (Nov. 29, 2021).

The Rakounga gold project consists of an exploration permit covering a 250-square-kilometre area located along the Goren greenstone belt in central Burkina Faso. The company, through its wholly owned subsidiary Kruger Gold Corp., holds the right to acquire up to a 100-per-cent interest in and to the project, subject only to pre-existing royalty obligations. Kruger has control over operations conducted on the project and will look to expand on historical drilling and survey work conducted on the project.

We seek Safe Harbor.

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