Harfang Strengthens Its Critical and Strategic Minerals Portfolio With New Lithium Properties, Eeyou Istchee James Bay (Québec)
Harfang Strengthens Its Critical and Strategic Minerals Portfolio With New
Lithium Properties, Eeyou Istchee James Bay (Québec)
MONTREAL, Jan. 19, 2023 -- Harfang Exploration Inc. (“Harfang” or the “Company”) (TSX-V: HAR) is pleased to announce
that it has acquired by staking additional claims related to its Critical and Strategic Minerals (“ CSM”) program reinforcing its
strong land position in Eeyou Istchee James Bay (Québec). This recent map designation includes 119 contiguous claims
forming the new Ewart Property and the addition of 100 claims to the La Passe Property ( Figure 1).
Commented Ian Campbell, President and CEO, “The Eeyou Istchee James Bay region is experiencing heightened staking
activity based on its abundance of lithium-bearing pegmatites including four deposits with defined resources. In addition, this
region has recorded numerous recent discoveries including Corvette by Patriot Battery Metals just east of our projects
underscoring the exploration potential of the area. Our team ranks amongst the most knowledgeable in Eeyou Istchee James
Bay and has recently completed a detailed data compilation for targeting purposes resulting in the acquisition of the Ewart
claims, and the expansion of the La Passe Property. We believe both properties have excellent potential for the discovery of
lithium-bearing pegmatites. In addition, prospecting on the Serpent-Radisson Property in 2022 discovered encouraging
beryllium, lithium, cesium and tantalum mineralization not previously recognized. These land acquisitions are proximal and
complementary from an operational perspective to our high-grade gold projects, including Lake Menarik and Serpent-
Radisson.”
Ewart Property Generation
The new Ewart Property consists of 119 claims (6,146 hectares) and is located in the central part of the Opinaca Subprovince,
overlapping a favourable environment for hosting lithium and rare metals mineralization as defined by the Ministère des
Ressources Naturelles et des Forêts du Québec (MRNFQ) . This prospective zone, characterized by the presence of layered
and beryllium enriched pegmatitic intrusions, forms an aureole around a granitic intrusion hosted in paragneiss. The MRNFQ
reports a complex mineralogy consisting in muscovite, tourmaline, garnet, apatite and beryl in pegmatites. To date, there is no
evidence of prospecting in the area for the more evolved S-type pegmatites that are host to economic lithium mineralization.
La Passe Property Expansion
The La Passe Property, now made up of 180 claims (9,265 hectares), was originally generated based on its potential for gold
mineralization in a geological setting reminiscent of the Eleonore gold deposit located near the structural and metamorphic
boundary of the La Grande and Opinaca subprovinces. Harfang has also added 100 claims by map designation at La Passe,
an area that has recently seen extensive staking activity by numerous companies. The new claims cover a group of pegmatitic
and granitic dykes associated with the Vieux Comptoir Granitic Suite in a setting dominated by sedimentary rocks at the
western limit of the Opinaca Subprovince.
Harfang’s CSM Properties Update
Harfang has developed a solid portfolio of projects favourable for CSM such as 1) magmatic sulphide copper, nickel, platinum,
palladium and chromium, and 2) pegmatite-hosted lithium, cesium and tantalum mineralization. The first group refers to the
Menarik East Property and includes a historic chromium and platinum-group elements non-compliant resource and nickel-
copper occurrences grading up to 1.88% Ni and 0.35% Cu over 4.5 metres associated with ultramafic rocks (Ressources
minières Pro-Or, 2009). In addition, intrusive hosted, high-grade gold-silver structures containing up to 58 g/t Au and 853 g/t Ag
have been obtained from grab sampling on this property. The second group includes the Pontax Property where the Company
entered into an option agreement with Li-FT Power who reported a Li-Cs-Ta till anomaly and the first lithium showing on the
property (see news release dated November 16, 2022). This latter group also includes the Serpent-Radisson Property where
the Company obtained encouraging Li-Cs-Ta results in pegmatites (see news release dated October 5, 2022).
Outlook 2023
Exploration work has begun on the Lake Menarik Property with approximately 40 kilometres of grid cutting and induced
polarization surveying, which will be followed by diamond drilling beginning in early February. During the next prospecting
season, Harfang intends to proceed to a first-phase exploration program over the new Ewart and La Passe claims announced
today. This work will be an integral part of the global strategy of the Company which will include advancing exploration on its
high-grade gold projects. Harfang is currently in the process of developing its overall 2023 exploration plan.
Qualified Person
The technical information in this news release was prepared and approved by François Huot, P.Geo, Vice President
Exploration of Harfang, who is a non-independent qualified person for the technical disclosure as defined by the National
Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI43-101”).
About Harfang Exploration Inc.
Harfang Exploration Inc. is well financed with approximately $8.24 M in the treasury as of October 31, 2022 and is a
technically driven mineral exploration company with the primary mission to discover ore deposits in Québec and Ontario. The
Company is managed by an experienced team of industry professionals with a proven track record of success, controls a
portfolio of highly prospective projects and has a strong financial position. Harfang is dedicated to best practices through
engagement with all stakeholders and commitment to the environment.
On behalf of the Board of Directors and for further information, please contact:
Ian Campbell
President and Chief Executive Officer
Tel: 647 680-3820
Email: [email protected]
Web: www.harfangexploration.com
Cautionary Statement Regarding Forward-Looking Information
The information in this news release includes certain information and statements about management’s view of future events,
expectations, plans and prospects that constitute forward-looking statements. These statements are based upon
assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result
of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those
anticipated and indicated by these forward-looking statements. Any number of factors could cause actual results to differ
materially from these forward-looking statements as well as future results. Although the Company believes that the
expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any
forward-looking statements will prove to be correct. Except as required by law, the Company disclaims any intention and
assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new
information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or
otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.