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Arctic Fox Lithium Discusses Allkem Ltd.'s Recent New High Grade Zone at its James Bay Project in Quebec
Vancouver, BC - TheNewswire - May 9, 2023 - Arctic Fox Lithium Corp. (CSE:AFX) (FSE:7N4) (the “Company”) is very encouraged by the recent results that Allkem Lt
About this update from Arctic Fox Lithium Corp
[{"type":"text","content":"Vancouver, BC - TheNewswire - May 9, 2023 - Arctic Fox Lithium Corp. (CSE:AFX) (FSE:7N4) (the “Company”) is very encouraged by the recent results that Allkem Ltd. (ASX/TSX:ALLKEM) (“Allkem”) has released on a new high grade zone identified directly northwest of the main mineralized zone at their James Bay Lithium project. As reported by Allkem on May 4, 2023: “ highlighted intercepts include 125 metres at 1.7 per cent lithium oxide from 68 m in drill hole JBL-23-048, and 72 m at 1.89 per cent Li2O from 11 m in drill hole JBL-23-024. True thicknesses are estimated to between 60 per cent and 80 per cent of downhole thicknesses”. Mr. Harry Chew, President, CEO and director, commented: “Allkem’s new zone of mineralization to the northwest of its current resource provides scope for the potential of the entire surrounding area. The Company’s Pontax North project is less than 13.5 km from Allkem’s new zone of mineralization. The initial results reported by Allkem reinforces the potential for discovery of additional lithium occurrences in the region.” About Pontax North The 2,756-hectare Pontax North Lithium Project (the “Property”) is located 12 km south of Allkem Ltd. (ASX/TSX:ALLKEM) (“Allkem”) James Bay Lithium Project and 12 km north of Stria Lithium Inc.’s (CSE:SRA) Pontax Lithium Project, located in northern Québec, approximately 130 km east of James Bay and the Cree Nation’s Eastmain community. The northern portion of the Property contains a lithium prospective zone in a similar geological environment to Allkem’s project. According to the Quebec Ministère de l’Énergie et des Ressources Naturelles (MERN) this zone is characterized by the abundance of S-type pegmatitic granite intrusions, a lithology known for its Be, Li, Nb, and Ta potential. Beryl (a beryllium silicate mineral) is reported in several outcrops within this zone. The Property is known to contain a 10 km long pegmatite trend as mapped by MERN. This trend appears to be underexplored, despite its recognized lithium potential. Swarms of lithium-bearing granitic dykes are present 12 km north of the Property at Allkem’s Cyr showing and at Stria Lithium’s Pontax showing 12 km to the south. Allkem is proposing to develop a lithium mine at their James Bay Lithium Project, located adjacent to the Billy Diamond Highway which provides access to key infr...