- Arbor Metals (TSXV:ABR) has completed a Phase 2 exploration program at its Jarnet lithium project in Québec
- The mining exploration company called this a significant advancement in its efforts to delineate and develop its lithium resources in a highly prospective region
- This deeper prospecting also saw the discovery of a new pegmatite on the project’s Firebird claims, which indicate they are associated with lithium-cesium-tantalum pegmatites
- Arbor Metals stock last traded at $0.52 per share
Arbor Metals (TSXV:ABR) has completed a Phase 2 exploration program at its Jarnet lithium project in Québec.
The mining exploration company called this a significant advancement in its efforts to delineate and develop its lithium resources in a highly prospective region.
In the second phase, the team explored multiple blocks across the project and collected 302 soil samples with 128 rock samples to evaluate lithium potential.
This deeper prospecting also saw the discovery of a new pluri-metric pegmatite on the project’s Firebird claims, which indicate to the team they are associated with lithium-cesium-tantalum pegmatites.
All rock samples were sent to ALS Laboratories for analysis and the company expects the results will provide insights into the project’s lithium content and mineralization characteristics.
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 kilometres from Patriot Battery Metals’ (TSXV:PMET) Corvette property, which houses one of the 10 largest lithium pegmatite resources in the world.
“The discovery of new pegmatite swarms underscore the project’s significant potential. These findings will guide our future exploration strategy as we advance towards defining drilling targets,” Mark Ferguson, president of Arbor Metals, said in a statement.
Arbor Metals is engaged in the business of identifying, acquiring and exploring and, if warranted, developing natural resource properties.
Arbor Metals stock (TSXV:ABR) last traded at $0.52 per share. The stock has lost 82.78 per cent year-over-year but has gained 748.82 per cent since 2019.
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(Top image: Arbor Metals.)
