VANCOUVER, British Columbia, May 16, 2023 (GLOBE NEWSWIRE) -- Arbor Metals Corp. (“Arbor” or the “Company”) (TSXV: ABR, FWB: 432) is pleased to announce it has received the high-resolution satellite imagery interpretation report for its Jarnet Property, which comprises four separate blocks located in the James Bay region of Quebec. The Jarnet lithium project includes 70 designated map claims, spanning over an estimated 3,759 hectares.
The detailed analysis was conducted by DIRT Exploration, based in Cape Town, South Africa. The study incorporated Long-Wave Infrared (LWIR), Visible Near Infrared (VNIR), Infrared (SWIR), and Synthetic Aperture Radar (SAR) imagery. The report's findings will be utilized alongside historical assessments and regional data from the Jarnet claim blocks to streamline Arbor Metals’ upcoming summer exploration initiatives.
The Jarnet South block is situated less than two kilometres northwest of the CV-5 pegmatite target owned by Patriot Battery Metals Inc. ("PMET"), where a comprehensive diamond drill program has led to numerous significant discoveries. In their recent press release (PMET, March 29, 2023), PMET unveiled a high-grade extension (Nova Zone) of the CV 5 target, with an average of 3.13% Li2O (lithium oxide) over 87.7 meters, including a 19.8-meter stretch averaging 5.28% Li2O.
Note: the company's management highlights that the discoveries and observations on nearby properties do not necessarily predict similar geological or mineralization presence on the company's properties.
Dr. Peter Born, P.Geo., 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 release.
ABOUT THE COMPANY
Arbor Metals Corp. is a mining exploration firm dedicated to the evolution of high-value, geographically significant mineral projects worldwide. It stands at the forefront of advanced mineral exploration, managing global mining projects of exceptional calibre. Arbor's philosophy is centred around blending quality projects with sound strategies and a professional team to yield superior outcomes. The company currently oversees three standout mineral projects.
Located in the James Bay region of Quebec, the Jarnet lithium project comprises 47 map-designated claims, spanning an area of around 3,759 hectares. The project adjoins the Corvette-FCI property, where diamond drilling has confirmed substantial lithium mineralization, making it one of the most high-profile lithium exploration endeavours in the industry.
For further information, contact Mark Ferguson, Chief Executive Officer, at info@arbormetals.com, or visit the Company’s website at www.arbormetalscorp.com.
On behalf of the Board,
Mark Ferguson, Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target", “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the development of the Jarnet Lithium Project, the assessment of samples from that Project, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.
Contact Data
CONTACT:
Alex Zertuche
For E.S.T Office Hours, Call 1 416-477-0587
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3618b042-01cc-4fdc-9dc6-19987e9bc55d
