Business
Shareholders Approve All Matters at Arctic Fox Lithium's AGM
Vancouver, BC - TheNewswire - April 11, 2023 - Arctic Fox Lithium Corp. (CSE:AFX) (FSE:7N4) (the “Company”) is pleased to announce that all matters presented at
About this update from Arctic Fox Lithium Corp
[{"type":"text","content":"Vancouver, BC - TheNewswire - April 11, 2023 - Arctic Fox Lithium Corp. (CSE:AFX) (FSE:7N4) (the “Company”) is pleased to announce that all matters presented at its Annual General Meeting (“AGM”) of shareholders held on Tuesday, April 4, 2023 at 10 am Pacific Time were approved. All matters submitted to shareholders for approval as set out in the Company’s notice of AGM and Information Circular, dated March 6, 2023, were unanimously approved by the votes cast at the meeting. About Arctic Fox Lithium Corp. Arctic Fox Lithium Corp. is a junior mineral exploration company focused on the acquisition and development of mineral properties containing battery, base and precious metals. The Company’s Kana Lake Lithium project is located north of the Fliszar Lithium showing in the James Bay region of Quebec. During a summer/fall 2022 survey program conducted by MERN their geologists identified this area as a new lithium prospective zone that is characterized by the presence of numerous E-W trending pegmatitic granite dykes. The presence of garnet and muscovite in these rocks indicates a hyperaluminous composition, suitable for the development of lithium mineralization. These pegmatites are consistent with the Fliszar Lithium showing to the south of the property which three grab samples rich in lepidolite, returned up to 1.83% LiO2, 0.34% Cs, 1.11% Rb, 126 ppm Nb, 374 ppm Ta and 0.3% B*. The Company’s 2,756-hectare Pontax North Lithium Project 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 claims within the northern portion of this 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 potentia...