Arctic Fox Completes Successful Phase 1 Exploration Program
Suite #905-1030 West Georgia St., Vancouver, BC Canada V6E 2Y3
Phone (604) 689-2646 Fax (604) 689-1289
November 9, 2023 Trading Symbol: CSE - AFX
FSE - O5K
ARCTIC FOX COMPLETES SUCCESSFUL PHASE 1 EXPLORATION PROGRAM
VANCOUVER, BRITISH COLUMBIA ( November 9, 2023) – Arctic Fox Lithium Corp. (CSE: AFX / FSE:
O5K) (the “Company”) is pleased to announce that Strategy Exploration Advisors (“StratExplo”), an
independent exploration consulting firm based out of Rouyn -Noranda, Québec, has concluded its 22 day
fieldwork program on the Company’s lithium projects in the James Bay Region of Québec. Part of the exploration
program was helicopter assisted in order to cover the Kana Lake property while the Pontax North and Delta Lake
properties were covered with the assistance of all terrain vehicles.
Highlights:
Over 200 outcrop samples were collected over the Company’s lithium projects in James Bay, QC
348 mapping stations were completed to improve the underlying geological map
The field crews identified numerous pegmatites hosting muscovite, beryl, tourmaline and garnets
Over 300 line kilometres of ground coverage were completed by the ground crews.
Sample #100863, pegmatite sample taken from
the Pontax North Property hosting muscovite,
red garnet clusters, biotite booklets.
Sample #108028, pegmatite sample taken from
the Kana Lake Property hosting beryl
mineralization.
Suite #905-1030 West Georgia St., Vancouver, BC Canada V6E 2Y3
Phone (604) 689-2646 Fax (604) 689-1289
The Company importantly notes that the field crews observed and sampled numerous pegmatite outcrops at both
its Pontax North and Kana Lake properties. Samples collected during the program have already been sent to ALS
Minerals laboratory of Val d’Or, Québec, for assaying.
Mr. Harry Chew President and CEO to the Company, commented: “ The crews from Strat Explo did an amazing
job in a short span of time to complete our Phase I inaugural exploration program before the winter months. I am
excited to review the analytical results from the samples take n on our properties in the near future. And once
received we will be able to plan for our second phase of exploration on these exciting properties.
Mr. Gary Claytens, Strategic Advisor to the Company, commented: “I was pleased to witness first -hand the
Company’s maiden exploration program on all of its holdings in the James Bay region of Québec. The StratExplo
crews showed incredible professionalism, proficiency and completed the program with exceptional detail. I was
glad I was able to see the terrain, pegmatite outcrops and mineralogy during my visit and look forward to assisting
with future exploration programs.”
About Arctic Fox Lithium Corp.
Arctic Fox Lithium Corp. is a junior mineral exploration company focused on the acquisition and development of
mineral properties containing battery, base and precious metals. The Company’s main focus is in the James Bay
area, Quebec, Canada.
The Company’s 5,976 hectare Kana Lake Lithium project is located north of the Fliszar Lithium showing in the
James Bay region of Québec. During a summer/fall 2022 survey program conducted by the Qu ébec Ministère de
l’Énergie et des Ressources Naturelles ( “MERN”) their geologists identified this area as a new lithium
prospective zone that i s characterized by the presence of numerous E -W trending granitic pegmatite dykes. The
presence of garnet , tourmaline and muscovite in these rocks indicates a hyperaluminous composition (S-type),
suitable for the development of lithium mineralization.
Several occurrences of tourmaline and beryl were observed within t he SW block of K ana Lake property during
the 2023 fall prospection campaign, as well as red garnets on an angular boulder of white felspar -quartz
pegmatite. Samples were collected at all of these places.
The Company’s 2,756-hectare Pontax North Lithium Project (“Pontax North”) is located 12 km south of Allkem
Ltd. (ASX/TSX:ALLKEM) (“ Allkem”) James Bay Lithium Project and 12 km north of Stria Lithium Inc.’s
(CSE:SRA) Pontax Lithium Project, located in nor thern Québec, approximately 130 km east of James Bay and
the Cree Nation’s Eastmain community.
The northern portion of Pontax North contains a lithium prospective zone in a similar geological environment to
Allkem’s project. According to the Quebec Minis tère de l’Énergie et des Ressources Naturelles (MERN) this
zone is characterized by the abundance of S -type pegmatitic granite intrusions of the fertile Causabiscau Suite , a
lithology known for its Be, Li, Nb, and Ta potential. Beryl (a beryllium silicate mineral) is reported in several
outcrops within this zone. The Property is known to contain a 10 km long pegmatite trend as mapped by MERN.
This trend appears to be underexplored, despite its recognized lithium potential. Swarms of lithium -bearing
granitic dykes are present 12 km north of the Property at Allkem’s Cyr showing and at Stria Lithium’s Pontax
showing 12 km to the south.
Observations made by StratExplo field crews during the 2023 fall prospection campaign are in accordance with
these observations, as white pegmatites hosting muscovite, garnets, tourmaline and beryl were recognized and
sampled on numerous outcrops within the whole property.
Allkem is proposing to develop a lithium mine at their James Bay Lithium Project, located adjacent to the Billy
Diamond Highway which provides access to key infrastructure in the region. The 2021 Feasibility Study and
Maiden Ore Reserve (“ FS”) details a 321 ktpa spodumene operation utilizing conventional open pit mining.
Suite #905-1030 West Georgia St., Vancouver, BC Canada V6E 2Y3
Phone (604) 689-2646 Fax (604) 689-1289
Allkem’s spodumene expertise from the success of its Mt. Cattlin operations in Western Australia has been
applied to the design and development of the James Bay P roject. The FS suggests that James Bay Project will be
the most competitive operation in the region with the lowest capital and operating costs. Shallow, high -grade
mineralization with favourable infrastructure also supports the low -cost operation. Allkem has published a
mineral resource estimate of 40.3 Mt @1.40% Li2O (FS summary here) and mineralization is still open.
Stria launched its first full drilling program at its Pontax project in 2017, completing seven holes for a total of
911.4 m. All seven holes intersected spodumene - bearing pegmatite dykes grading from 0.65% Li 2O to 2.49%
Li2O over a minimum of 1.0 m ( Stria Lithium web site ). The best intercept was 21.39m grading 1.16% Li 2O in
drill hole 975-17-0142.
References to adjacent properties:
12 km North: Allkem Ltd. James Bay Lithium:
The technical report entitled “NI 43-101 Technical Report Feasibility Study James Bay Lithium Project Quebec,
Canada” prepared by G Mining Services and dated January 11, 2022.
12 km South: Stria Lithium Inc. (Pontax Lithium Project):
https://strialithium.com/exploration/pontax-project/
The Company’s 1,056 hectare Delta Lake Lithium project (“ Delta Lake”) is located 55 km east of Allkem’s
James Bay Lithium Project and 20 km north of Critical Elements Lithium Corp. (TSXV: CRE) (“ CEL”) Rose
Lithium Project.
The geological environment of the Delta property is highly favorable to the presence of lithium -bearing
pegmatites, as 1) the Mistumis Batholith hosting mineralized pegmatites at Rose project is mapped by MERN in
the southwestern part of the Delta property and 2) it’s in contact to the north with “green” Archean amphibolites
and sediments. The high competence of such rocks makes it some of the best hostrocks for granitic pegmatites
and many lithium deposits within the Superior Province are actually located within Archean Greenstone Belts
(Pontax, Whabouchi, Moblan, North-American Lithium…). According to the Québec Ministère de l’Énergie et
des Ressources Naturelles (“MERN”) this zone is characterized by the abundance of S -type pegmatitic granite
intrusions, a lithology known for its Be, Li, Nb, and Ta potential. Beryl (a beryllium silicate mineral) is reported
in several outcrops within this zone.
A pegmatite dyke hosted in a tonalite has been sampled in the southwestern part of the Delta property by the field
crews during the 2023 fall prospection campaign.
Allkem (55 km northwest) is proposing to develop a lithium mine at their Jame s Bay Lithium Project, located
adjacent to the Billy Diamond Highway which provides access to key infrastructure in the region. The 2021
Feasibility Study and Maiden Ore Reserve (“ FS”) details a 321,000 tonne per year operation utilizing
conventional open pit mining. Allkem’s spodumene expertise from the success of its Mt. Cattlin operations in
Western Australia has been applied to the design and development of the James Bay Project. The FS suggests that
James Bay Project will be the most competitive operat ion in the region with low capital and operating costs.
Shallow, high-grade mineralization with favourable infrastructure also supports the low -cost operation. Allkem
has published a mineral resource estimate of 40.3 Mt @1.40% Li 2O (FS summary here) and mineralization is still
open.
CEL’s Rose Lithium-Tantalum mine (20 km south) is anticipated to start production in approximately 21 months.
The mine will excavate a total of 26.3M tonnes ore grading an average of 0.87% Li 2O and 138 ppm Ta 2O5 after
dilution. The mill will process 1.61M tonnes of ore per year to produce an annual average of 224,686 tonnes of
technical and chemical grade spodumene concentrates and 441 tonnes of tantalite concentrate. The ore is
contained in several parallel and continuous shallow dipping pegmatite dykes outcropping on surface. The ore
zones are open at depth and a fut ure underground operation is possible. Over the life of mine, the open pit will
Suite #905-1030 West Georgia St., Vancouver, BC Canada V6E 2Y3
Phone (604) 689-2646 Fax (604) 689-1289
excavate a total of 182.4M tonnes of waste rock and 10.9 M tonnes of overburden. The average strip ratio is 7.3
tonnes of waste per tonne of ore. (CEL website).
References to adjacent properties:
55 km Northwest: Allkem Ltd. James Bay Lithium:
The technical report entitled “NI 43-101 Technical Report Feasibility Study James Bay Lithium Project Quebec,
Canada” prepared by G Mining Services and dated January 11, 2022.
20 km South: Critical Elements Lithium Corp. Rose Lithium-Tantalum:
The technical report entitled “Rose Lithium -Tantalum Project Feasibility Study NI 43 -101 Technical Report”
prepared by WSP Canada Inc. and dated July 26, 2022.
* This news release contains information about adjacent properties on which Arctic Fox has no right to explore
or mine. Readers are cautioned that mineral deposits on adjacent properties are not indicative of mineral
deposits on the Company’s properties.
The technical information contained within this News Release has been reviewed and approved by Gerald G.
Carlson, Ph.D., P.Eng., Director of Arctic Fox and Qualified Person as defined in National Instrument 43 -101
Standards of Disclosure for Mineral Projects.
For further information, please contact:
Harry Chew, President, CEO
Phone: (604) 689-2646
On behalf of the Board of Directors,
“Harry Chew”
Harry Chew
President & CEO
Arctic Fox Lithium Corp.
Twitter: https://twitter.com/arcticfoxLi
LinkedIn: https://www.linkedin.com/company/arcticfoxlithium
Facebook: https://www.facebook.com/arcticfoxlithium
Instagram: https://www.instagram.com/arcticfoxlithium
YouTube: https://www.youtube.com/@arcticfoxlithium
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian
Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Forward-Looking Information: This release includes certain statements that may be deemed "forward-looking statements". All statements in this release,
other than statements of historical facts, that address any activities and events or developments that Arctic Fox Lithium Corp. ("Arctic Fox") expects to
occur, are forward-looking statements. Although Arctic Fox believes the expectations expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking
statements. Forward-looking statements in this press release include, but are not limited to, statements relating to: potential benefits of the fieldwork
described in this press release; and the future potential of and exploration on the properties described in this press release. Factors that could cause actual
results to differ materially from those in forward looking statements include: uncertainty with respect to the results of future exploration and the ability to
conduct any exploration activities on the properties described in this press release; market prices; disruptions relating to the COVID-19 pandemic; and
continued availability of capital and financing and general economic, market or business conditions. These statements are based on a number of
assumptions including, among other things: assumptions regarding general business and economic conditions; and Arctic Fox having the necessary
resources, financial and otherwise, that are required in order to conduct future exploration activities. Investors are cautioned that any such statements are
not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements.
Arctic Fox does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or
otherwise, except as required by applicable law.