Augmented Potential of the James Bay Region Unveiling the newest latest breakthrough in Quebec's James Bay Region, Patriot Battery Metals (PMET, 1.30B mcap) encountered ~100m of near-continuous-bearing pegmatite at its Corvette Lithium Property.
Home to the largest lithium pegmatite mineral resource in the Americas and boasting a maiden mineral resource estimate of 109.2M tonnes at 1.42% lithium oxide, this discovery solidified the region's stature as a key hub for active lithium projects.
Furthermore, this positive development augments the potential for the entire district, benefitting Canadian junior Arctic Fox Lithium (AFX.c) who holds three lithium projects located in close proximity to PMET's ground breaking find.
As detailed by President & CEO, Harry Chew, AFX successfully wrapped its Phase 1 exploration program at all three of its projects: https://youtu.be/Xr0ziOpW9EM?si=wxPCrJVC-v_YU2Sq
The incoming assays are poised to strengthen AFX's position in the industry as, once received, the results will be used 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.
Latest News Release: https://www.juniorminingnetwork.com/junior-miner-news/press-releases/3000-cse/afx/150984-arctic-fox-completes-successful-phase-1-exploration-program.html
Posted on behalf of Arctic Fox Lithium Corp.