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Noranda Royalties Completes Compilation of Data on Arctic Fox Lithium Corp.'s Pontax North Lithium Project in the James Bay Region of Quebec
Vancouver, BC - TheNewswire - March 29, 2023 - Arctic Fox Lithium Corp. (CSE:AFX) (FSE:7N4) (the “Company”) is pleased to announce that Noranda Royalties (“Nora
About this update from Arctic Fox Lithium Corp
[{"type":"text","content":"Vancouver, BC - TheNewswire - March 29, 2023 - Arctic Fox Lithium Corp. (CSE:AFX) (FSE:7N4) (the “Company”) is pleased to announce that Noranda Royalties (“Noranda”) has completed a compilation of geological data on its Pontax North Lithium project in the James Bay region of Quebec. Noranda compiled its data from previous work done by the Quebec Ministère de l’Énergie et des Ressources Naturelles (“MERN”). The work done by Noranda confirms that there are eighteen (18) outcrops with thirteen (13) of them identified as pegmatite on the Company’s Pontax North Lithium project. Mr. Gary Claytens, Strategic Advisor to the Company, commented: “The data compilation report received from Noranda reinforces the presence of pegmatite outcrops on our Pontax North Lithium project as supported by information that MERN has made publicly available. The Company can now have its field crew focus on these pegmatite outcrops identified in Noranda’s report during the upcoming exploration season once weather permits.” About Pontax North The 1,803-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 develop a lithium mine at their James Bay Lithium Project, located adjacent to the Billy Diamond Highway which provides access to key infrastructure in the region. The 2021 Feasibility Study (“FS”) details a 330 kt...