Arctic Fox Lithium's Pontax North project
(Source: Arctic Fox Lithium)
  • Arctic Fox Lithium (CSE:AFX) has completed its Phase 2 exploration campaign at the Pontax North property in Québec
  • Building on the positive results from Phase 1, the Phase 2 program focused on three primary areas of interest for an intensive stripping and controlled blasting sampling initiative
  • After the identification of a promising geological context and rare metals anomalies during the 2023 and early 2024 exploration programs, the team concentrated on the most prospective areas identified to date
  • Arctic Fox Lithium stock last traded at $0.010 per share

Arctic Fox Lithium (CSE:AFX) has completed its Phase 2 exploration campaign at the Pontax North property in Québec, the company announced Wednesday.

Building on the positive results from Phase 1, the Phase 2 program focused on three primary areas of interest for an intensive stripping and controlled blasting sampling initiative.

After the identification of a promising geological context and rare metals anomalies during the 2023 and early 2024 exploration programs, the team concentrated on the most prospective areas identified to date. The main objective was to further delineate and evaluate the mineral potential of these high-priority zones through targeted stripping, controlled blasting and detailed geological mapping.

(Source: Arctic Fox Lithium Corp.)

The program covered six targeted outcrops across three high-priority areas:

  • Area 1: This region showed significant anomalies in cesium, niobium, beryllium, and tantalum, aligning with the signatures of LCT (lithium-cesium-tantalum) pegmatites.
  • Area 2: A high-potential zone featuring white biotite-garnet bearing pegmatites, closely associated with rare metal anomalies up to 106 ppm Li and 11.2 ppm Cs discovered during Phase 1.
  • Area 3: Another high-potential zone with biotite-muscovite-garnet bearing pegmatites, closely associated with lithium anomalies up to 54 ppm Li discovered during Phase 1.

The Phase 2 exploration commenced Oct. 4 and concluded on Oct. 13. Each of the six primary targets underwent controlled dynamite blasting to expose fresh rock for optimal sampling conditions. Field observations confirmed interesting environments at each site, with white pegmatite displaying greenish reflections and hosting red garnets, tourmaline, and muscovite in various proportions, typical of a peraluminous (S-type) composition.

Blast preparation target No. 2. (Source: Arctic Fox Lithium Corp.)

A total of 18 grab samples were collected from the six locations, aiming to gain a deeper understanding of the geology and lithium potential. These samples have been submitted to ALS laboratory in Val d’Or, Québec, and are being assayed.

“Our Phase 1 exploration results have highlighted strong indicators of the potential for lithium and other strategic minerals on the Pontax North property,” Arctic Fox’s chief executive officer, Harry Chew said in a news release. “The Phase 2 program was executed by a team experienced in controlled blasting supported by a geological team specializing in pegmatite and lithium exploration. With their expertise we are confident the program will yield important information to further our exploration efforts at Pontax North.”

Located in the James Bay region, the 27.56-square-kilometre Pontax North Lithium Project lies 12 km north of Stria Lithium’s (CSE:SRA) Pontax Lithium Project.

Arctic Fox Lithium is a Canadian junior mining exploration company focused on lithium and copper.

Arctic Fox Lithium stock (CSE:AFX) last traded at $0.010 per share.

Join the discussion: Find out what everybody’s saying about this stock on the Arctic Fox Lithium Bullboard, and check out Stockhouse’s stock forums and message boards.

The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.

(Top photo of Pontax North: Arctic Fox Lithium)


More From The Market Online
Image generated with AI

@ the Bell: TSX falls on mining weakness

Canada’s main stock index fell Wednesday as investors await economic data from the U.S. in the run up to next week's presidential election.
Quebec flag against the backdrop of a blue sky

Red Metal Resources to acquire interests in Quebec mineral claims

Red Metal Resources (CSE:RMES) will acquire a 100 per cent interest in more than 1,100 hectares of mineral claims in Quebec.
An example of stockwork-boulder from the Bambino target

Electrum reports high-grade assays, extends Bambino anomaly

Electrum Discovery (TSXV:ELY) reports results from its rock-chip sampling at the Timok East project in Serbia.
Oil derrick in desert at sunset

Sonoro Energy to explore oil in Southern Alberta

Sonoro Energy (TSXV:SNV) enters into farm-in-agreement with Badlands Resources to explore oil in Southern Alberta.