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Arctic Fox Lithium Corp C.AFX

Arctic Fox Lithium Corp. is a junior mineral exploration company. The Company is focused on the acquisition and development of mineral properties containing battery, base and precious metals. The Company’s 2,756-hectare Pontax North Lithium Project (Pontax North) is located 12 kilometers (km) south of Allkem Ltd.’s (Allkem) James Bay Lithium Project and 12 km north of Stria Lithium Inc.’s Pontax Lithium Project, located in northern Quebec, approximately 130 km east of James Bay and the Cree Nation’s Eastmain community. Its 5,976-hectares Kana Lake Lithium Project is located 35 km north of the Fliszar lithium showing in the James Bay Region of Quebec. The 1,056-hectare Delta Lake Lithium project is located 55 km southeast of Allkem’s James Bay Lithium Project and 20 km north of Critical Elements Lithium Corp. (CEL) Rose Lithium Project located in northern Quebec. Its Spius Property comprises six mineral claims covering over 2,101 hectares located in Quesnellia Terrane, British Columbia.


CSE:AFX - Post by User

Post by MarketMakersson Nov 22, 2023 6:35pm
80 Views
Post# 35749321

Boosted Potential W/ PMET's Latest Discovery

Boosted Potential W/ PMET's Latest Discovery
With the new discovery at Patriot Battery Metals (PMET, 1.30B mcap) Corvette Lithium property, hitting ~100m of near-continuous-bearing pegmatite at CV9, located ~14km west of the CV5 pegmatite which hosts a maiden mineral resource estimate of 109.2M tonnes at 1.42% lithium oxide.

This marks the latest of many significant discoveries coming out of the James Bay Region in Quebec, which has recently made a name for itself as a significant hub for active lithium projects with the largest lithium pegmatite mineral resource in the Americas and boosts the potential of the entire district.

Holding three lithium projects in the James Bay Region, all of which are located in close proximity to PMET's discovery, Arctic Fox Lithium (AFX.c) stands out as an early-stage and undervalued junior mineral exploration firm with assets located in the world's most prolific area for lithium discoveries.

Having successfully wrapped up Phase 1 exploration at all three of its James Bay Lithium Projects, incoming assays are poised to strengthen AFX's position in the industry, as discussed by President and CEO Harry Chew on Stocks to Watch: https://youtu.be/Xr0ziOpW9EM?si=wxPCrJVC-v_YU2Sq

Once received, AFX will be using the sample and assay results to plan for its second phase of exploration on these properties.

AFX's Delta Lake, Kana Lake and Pontax North 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, situated the closest to PMET's Corvette Project and CV5 Pegmatite, has over 10 pegmatites including one substantial formation reaching over 500 meters and extending for over 2 kilometres, exhibiting substantial potential for new discoveries and growth.

On track to further delineate its resources, AFX could face a similar trajectory to the success that PMET experienced based on its proximity.

Posted on behalf of Arctic Fox Lithium Corp. 

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