Business
Arctic Fox Lithium Stakes Additional Claims Adjacent to Pontax North Lithium Project in James Bay Region of Quebec
Vancouver, BC - TheNewswire - March 30, 2023 - Arctic Fox Lithium Corp. (CSE:AFX) (FSE:7N4) (the “Company”) is pleased to announce that it has staked an additio
About this update from Arctic Fox Lithium Corp
[{"type":"text","content":"Vancouver, BC - TheNewswire - March 30, 2023 - Arctic Fox Lithium Corp. (CSE:AFX) (FSE:7N4) (the “Company”) is pleased to announce that it has staked an additional eighteen (18) claims covering 953 hectares adjacent to the northwest corner of its Pontax North Lithium project in the James Bay region of Quebec. The Company identified these claims based on the geological data compilation report conducted by Noranda Royalties (“Noranda”) on its Pontax North Lithium project. The report indicated that these claims contain pegmatites and rock samples that indicate highly anomalous rubidum (124 ppm) which is often an indicator element for the possible presence of lithium in a pegmatite. These additional 18 claims will be in the name of Arctic Fox Lithium Corp. and will be valid for three years from the date of registration. Mr. Harry Chew, President, CEO and director, commented: “We are pleased to add to our existing portfolio of claims based on the geological data compilation report that we received from Noranda. We are excited about the potential to have additional exploration work conducted on our properties this coming summer season that could provide valuable information to move our projects forward.” About Pontax North The 2,756-hectare Pontax North Lithium Project is located 12 km south of Galaxy Resources Ltd. (ASX:GXY) now 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 claims within the northern portion of the property contains a lithium prospective zone in a similar geological environment to Allkem’s project. According to 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 develo...