Arbor Metals Provides Progress Report on the Jarnet Lithium Property in Quebec, James Bay, Quebec, Canada
Vancouver, March 27, 2023 - Arbor Metals Corp. ("Arbor" or the "Company") (TSXV:ABR) (FWB:432) announces that it has obtained limited samples (2) from pegmatites (Press Release, July 7, 2022) from the north block of its Jarnet Lithium Project, located less than two kilometres northwest of the western extent of Patriot Battery Metals Inc.'s (PMET) CV5 defined spodumene target. The samples have returned anomalous lithium values, indicating a 070 to 080 degree strike, which is supported by topographic and drainage features that approximates PMET's Corvette trend.
The north block of the Company's Jarnet Lithium Project is located 3.65 kilometers due north of the CV4 showing and 4.25 kilometres North-Northeast of the eastern extent currently being drilled on the CV5 target. Recently PMET reported the extension of the CV5 spodumene pegmatite eastwardly by a further 550 metres, totalling 3.15 kilometres in strike length on their high-profile Corvette -FCI property, located in the James Bay region of northern Quebec. PMET reports the CV5 spodumene pegmatite is now approximately 1.5 kilometres and on-trend with the CV4 pegmatite cluster to the east.
Arbor Metals is currently designing it's 2023 exploration program, considering both the Company's past exploration results, as well as the available results from neighbouring PMET. The Company will provide more details of it's 2023 work program as they become available.
The Company cautions the discoveries and observations on properties in proximity to the Company's properties are not necessarily indicative of the presence of similar mineralization or geology 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.
Arbor Metal Corp. is a mining exploration company specializing in the development of high-value, geographic significant mineral projects around the world. As industry leaders, we are paving the way for advanced mineral exploration as we oversee world-class mining projects. We believe quality projects, combined with proven strategies and a professional team will deliver superior results. We hold three exceptional mineral projects.
Jarnet Lithium Project, located in the James Bay Region of Quebec, which comprises of forty-seven 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@arbormetalscorp.com, or 403.852.4869 or by visiting the Company's website at www.arbormetalscorp.com.
On behalf of the Board,
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.
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