Arbor Metals Provides Update on Results from Jarnet Lithium Exploration Program
Vancouver, Canada – TheNewswire - November 26th, 2023 – Arbor Metals Corp. (“Arbor” or the “Company”) (TSXV:ABR) (FWB:432) announces the Company’s independent geologist has completed the assessment of samples obtained from the recent exploration program. These samples have been subsequently shipped to ALS Laboratories for comprehensive assay analysis, and the Company anticipates receiving the assay results in the forthcoming weeks.
Mark Ferguson, President of Arbor, expressed his appreciation for the dedicated efforts of the exploration team, stating, "Our exploration team has exhibited exceptional commitment and diligence in executing the program at the Jarnet Lithium Project. We are encouraged by the initial review of the samples and eagerly await the assay results, which will provide crucial insights into the project's potential."
Ferguson further commented, "While the spot price for lithium has experienced a recent decline, Arbor's management maintains confidence in the long-term potential of lithium. We view the current decline as a short-term issue and anticipate a rebound in lithium prices in 2024."
Arbor remains committed to advancing its exploration endeavors and leveraging the forthcoming assay results to plan its 2024 exploration program. The Company will incorporate these results into its strategic development initiatives for the Jarnet Lithium Project, reinforcing its commitment to the project's ongoing success.
About Arbor Metals Corp.
Arbor Metals Corp. is a mining exploration company focused on developing high-value, geographically significant mineral projects worldwide. Arbor is paving the way for advanced mineral exploration as it oversees world-class mining projects. The Company is confident that combining quality projects with proven strategies and a dedicated team will yield exceptional outcomes.
The Jarnet lithium project, located in the James Bay region of Quebec, comprises 47 map-designated claims, covering an area of approximately 3,759 hectares. The Jarnet project is contiguous to the Corvette-FCI property, where diamond drilling has confirmed significant lithium mineralization representing one of the highest-profile lithium exploration projects in the sector.
On behalf of the Board,
Mark Ferguson, Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the development of the Jarnet Lithium Project, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.