Arctic Fox Lithium Corp. Engages Xeos Imaging Inc. to Conduct an Airborne Lidar Survey ON Its Lithium Projects in the James BAY Region of Quebec
Suite #905-1030 West Georgia St., Vancouver, BC Canada V6E 2Y3
Phone (604) 689-2646 Fax (604) 689-1289
August 30, 2023 Trading Symbol: CSE - AFX
FSE - 7N4
ARCTIC FOX LITHIUM CORP. ENGAGES XEOS IMAGING INC. TO CONDUCT AN
AIRBORNE LIDAR SURVEY ON ITS LITHIUM PROJECTS IN THE JAMES BAY REGION OF
QUEBEC
VANCOUVER, BRITISH COLUMBIA (August 30, 2023) – Arctic Fox Lithium Corp. (CSE: AFX / FSE: 7N4)
(the “Company”) is pleased to announce that it has engaged XEOS Imaging Inc. ( “XEOS”) to conduct an
Airborne LiDAR Survey on its Kana Lake, Delta Lake and Pontax North Lithium properties located in the James
Bay region of Quebec. XEOS is a company based in Quebec City that specializes in providing imagery and data
using LiDAR technology. LiDAR (Light Detection and Ranging) technology a llows, using an aerial topographic
laser, to precisely obtain the 3D position of the ground surface and objects on the ground . XEOS will fly its
imaging equipment on over 100 km 2 of area covering all the Company’s interest in the James Bay region of
Quebec. The LiDAR survey will be conducted when weather in the area permits.
Mr. Harry Chew , President and CEO to the Company , commented: “ The combination of the LiDAR Survey
performed by XEOS and data compilation reports received from Noranda Royalties Inc. done earlier this year will
provide ground crews with clear and precise imagery of the extent of outcrops on our properties, as well as other
geological features such as structures and the possible identification of pegmati tes. The crews will be able to
target all their resources to the areas of most interest once the LiDAR survey has been completed.”
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 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 Québec Ministère de l’Énergie et
des Ressources Naturelles ( “MERN”) their geologists identified this area as a new lithium prospective zone that
is characterized by the presence of numerous E -W trending pegmatitic granite dykes. The presence of garnet and
muscovite in these rocks indicates a hyperaluminous composition, suitable for the development of lithium
mineralization. These pegmatites are consistent with the Fliszar Lithium showing to the south of the property
which three grab samples rich in lepidolite, returned up to 1.83% LiO2, 0.34% Cs, 1.11% Rb, 126 ppm Nb, 374
ppm Ta and 0.3% B*.
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 northern Québec, approximately 130 km east of James Bay and
the Cree Nation’s Eastmain community.
The northern portion of Pontax North contains a lithium prospe ctive zone in a similar geological environment to
Allkem’s project. According to the Quebec 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 f or 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.
Suite #905-1030 West Georgia St., Vancouver, BC Canada V6E 2Y3
Phone (604) 689-2646 Fax (604) 689-1289
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 m ining.
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 operation i n 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 pro ject in 2017, completing seven holes for a total of
911.4 m. All seven holes intersected spodumene - bearing pegmatite dykes grading from 0.65% Li2O to 2.49%
Li2O over a minimum of 1.0 m ( Stria Lithium web site ). The best intercept was 21.39m grading 1.16% Li2O 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 southeast 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 in the northwestern portion of Delta Lake is similar to that hosting Allkem’s lithium
mineralization. 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.
Allkem (55 km northwest) is proposing t o 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 321,000 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 Proje ct will be the most competitive operation 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% Li2O (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 p roduce 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 o re
zones are open at depth and a future underground operation is possible. Over the life of mine, the open pit will
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).
Suite #905-1030 West Georgia St., Vancouver, BC Canada V6E 2Y3
Phone (604) 689-2646 Fax (604) 689-1289
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.
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.
* 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.
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 LiDAR Survey
and data compilation 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 the failure to complete the LiDAR survey on the timing
and terms as contemplated or at all ; 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 includin g, among other things,
assumptions regarding general business and economic conditions; in order to conduct anticipated exploration activities; and that the data compilation work
described in this press release will be completed as anticipated . 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.