Arbor Metals Observes Westward CV-5 Extension Advancing Toward the Jarnet South Block
08 Mayo 2023 - 1:00AM
Arbor Metals Corp. (“
Arbor” or the
“
Company”) (TSXV: ABR, FWB: 432) announces that
according to Patriot Battery Metals Inc.’s (“PMET”) recent press
release (May 1st, 2023), the CV5 Pegmatite’s western extension has
expanded by 550 metres. Consequently, Arbor’s Jarnet South Block is
now situated less than 1.7 kilometres North-Northwest from the CV-5
western expansion. The Jarnet South Block is included in the
ongoing long-wave infrared survey (“LWIR”) and interpretation of
high-resolution satellite images, executed by DIRT Exploration of
Cape Town, South Africa.
Employing proprietary
processing of satellite data, the LWIR analysis can map or pinpoint
mineral distribution across large vegetated areas and shallow cover
through reflectance spectroscopy against known standards. The
ground-penetrating capability of long-wave infrared radiation
enables the observation of mineral spectra at shallow depths. The
LWIR and satellite image evaluation will integrate data and
recognized pegmatite occurrences from the Company’s 2022
reconnaissance-scale field program. The survey is being conducted
across the entire Jarnet lithium claim blocks, encompassing 70
map-designated claims and covering around 3,759 hectares.
Arbor Metals is in the
process of developing its 2023 exploration program, taking into
account the Company’s previous exploration findings, ongoing
satellite imagery, and publicly accessible results from PMET’s
activities and other entities in the region, as part of this
emerging high-profile lithium district. The Company will share more
information about its 2023 work program as it becomes
available.
Note: The Company
advises that discoveries and observations on nearby properties do
not necessarily imply the existence of similar mineralization or
geological features 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 Arbor Metals Corp.
Arbor Metals Corp. is a mining
exploration company focused on the development of high-value,
geographically significant mineral projects around the world. Arbor
is paving the way for advanced mineral exploration as it oversees
world-class mining projects. The company is confident that
combining quality projects with proven strategies and a dedicated
team will yield exceptional outcomes. Arbor currently oversees
three outstanding mineral projects.
The Jarnet lithium project,
located in the James Bay region of Quebec, comprises 47
map-designated claims, covering an area of approximately 3,759
hectares. The Jarnet project is contiguous to the Corvette-FCI
property, where diamond drilling has confirmed significant lithium
mineralization, and represents one of the highest-profile lithium
exploration projects in the sector.
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,
Arbor Metals
Corp.
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:
MRKT360 INC
https://mrkt360.com
Alex Zertuche
alexz@mrkt360.com
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/a4b4b1a7-74fa-413a-9c07-0253f02038d1
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