On track to further delineate James Bay resources Marked by recent remarkable discoveries, including Patriot Battery Metals' (PMET.v PMETF, 1.68B Market Cap) largest lithium pegmatite mineral resource in the Americas, the James Bay region in Quebec has made a name for itself as a significant hub for active lithium projects.
Located in close proximity to PMET's discovery, Arctic Fox Lithium (AFX.c) has emerged as a high-potential, early-stage explorer who recently commenced work at all three lithium projects in James Bay.
Amid surface exploration on all three of their projects, Delta Lake, Kana Lake and Pontax North Projects, AFXs projects all have favourable regional geological settings, close proximity to LCT pegmatite occurrences and deposits, and the potential for LCT pegmatites with multiple preliminary targets already outlined.
Demonstrating their immense potential, AFX's Delta Lake and Pontax North Projects are both located in close proximity Allkem (AKE, 8.5B Market Cap) as well as Critical Elements Lithium (CRE, 359.35M Market Cap) Rose Property where excellent lithium grades were returned, identifying several lithium-tantalum pegmatite trends including two kilometre long trends hosting multiple lithium, caesium and tantalum anomalies.
Most notable, however, is AFX's Kana Lake which is strategically located in close proximity to PMET's Corvette Project and CV5 Pegmatite.
With over 10 pegmatites including one substantial formation reaching over 500 meters and extending for over 2 kilometres, Kana Lake exhibits substantial potential and offers ample potential for new discoveries and growth.
AFX is on track to further delineate its resources with a drill program upcoming at Kana Lake this fall and could face a similar trajectory to the success that PMET experienced based on its proximity.
Posted on behalf of Arctic Fox Lithium Corp.