12:23:03 EST Tue 29 Nov 2022
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Arbor Metals Corp
Symbol ABR
Shares Issued 58,070,075
Close 2022-05-24 C$ 2.36
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Arbor Metals plans summer 2022 drilling at Jarnet

2022-05-24 17:51 ET - News Release

Mr. Mark Ferguson reports


Arbor Metals Corp. will expand exploration at the Jarnet lithium project in Quebec, Canada. The company is in final stages of planning its summer 2022 drill program based on the encouraging results of its technical review. The company holds an option to acquire a 100-per-cent interest in the Jarnet lithium project.

The company will undertake a detailed, drill-supported prospecting survey at the Jarnet lithium project, located in the James Bay region of Quebec. The survey team will map outcrops and prospective dikes. High-priority targets will be tested for lithium mineralization with Shaw drills. The purpose of the survey is to delineate lithium-bearing structures for the purposes of developing a detailed understanding of the potential lithium resources. Recent work in the area has identified significant lithium grades over large intercepts (1).

The company has engaged Grander Exploration to manage this next stage of resource delineation.

The company expects work to commence shortly after spring breakup and will provide additional updates once work has started.

(1) 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 news release.

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, the company is paving the way for advanced mineral exploration as it oversees world-class mining projects. Arbor Metals believes quality projects, combined with proven strategies and a professional team, will deliver superior results. The company holds three exceptional mineral projects.

The Jarnet lithium project, located in the James Bay region of Quebec, comprises 47 map-designated claims, covering 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 (m) interval of near-continuous pegmatite, assaying 0.93 per cent Li2O and 114 parts per million (ppm) Ta2O5, 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 Miller's Crossing lithium project, comprising approximately 3,800 acres of contiguous placer claims, is located in the Big Smoky Valley of Esmeralda county in 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 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.

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