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Arctic Fox Lithium completes Phase 2 exploration at Québec property

Market News, Mining
CSE:AFX
30 October 2024 09:15 (EDT)
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, 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:

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.

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(Top photo of Pontax North: Arctic Fox Lithium)


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