- Arbor Metals unveiled details of its multiphase 2024 exploration program at the Jarnet lithium project in Québec
- The top-performing penny stock has three phases of work planned, beginning in February
- The first phase involves a ground magnetometer survey, the second phase, is a prospecting and C-horizon soil sampling program and the third phase involves diamond drilling
- Arbor Metals stock last traded at $0.91 per share
Arbor Metals (TSXV:ABR) unveiled details of its multiphase 2024 exploration program at the Jarnet lithium project in Québec.
The top-performing penny stock has three phases of work planned, beginning in February.
The first phase involves a ground magnetometer survey covering approximately 225-line kms. This survey aims to identify and map magnetic contrasts helping to locate pegmatite intrusions and structural patterns controlling their emplacement.
The second phase, scheduled for summer 2024, is a prospecting and C-horizon soil sampling program, targeting deeper samples.
Anticipated to commence in the autumn of 2024, the third phase involves diamond drilling. Permitting activities are scheduled for the summer, and the company plans to drill up to 14 holes, each at a depth of 200 metres, with an estimated cost of around C$1.2 million.
Jarnet is made up of 47 map-designated claims covering 37.5 square kilometres, and is only 2.5 km from Patriot Battery Metals’ (TSXV:PMET) Corvette property, which houses one of the 10 largest lithium pegmatite resources in the world.
Arbor collected 77 rock samples, including 46 oriented channels totalling 41 metres, as well as another 31 chip samples, confirming that Jarnet is host to lithium-enriched pegmatites and warrants systematic geochemical and geophysical exploration.
“Our 2024 exploration program is a testament to our commitment to unlocking the full potential of the Jarnet Lithium Project. The multiphase approach, coupled with advanced survey techniques, reflects our dedication to informed and strategic exploration,” Mark Ferguson, president of Arbor Metals, said in a statement.
Arbor Metals is a mineral explorer developing high-value, geographically significant projects worldwide.
Arbor Metals stock last traded at $0.91 per share. The stock has lost more than 65 per cent year-over-year, but has gained more than 2,000 per cent since 2019.
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