Vancouver, British Columbia --News Direct-- Arbor Metals Corp.
Vancouver, Canada - TheNewswire - October 10th, 2021 - Arbor Metals Corp. (the “Company”) (TSXV:ABR) (FWB:432) announces that, through it’s wholly-owned subsidiary Arbor Metals USA Corp., it has secured 100% ownership of the Miller’s Crossing Lithium Project, Big Smoky Valley Nevada USA. The Miller’s Crossing project consists of 192 claims covering 3,800 acres in the Big Smoky Valley. The Project fits well into the playa-type brine deposit model as it is located adjacent to, and shares geological similarities with Clayton Valley, home to the only lithium producing brine operation in North America. A playa is an internally drained brine deposit, the surface of which is primarily composed of silts ad clays in which lithium can accumulate from the surrounding source rocks during successive evaporation and concentration events. Evaluation of surrounding gravity data has led to the hypothesis that the Big Smoky Valley has been in-filled with an estimated 2,000 – 2,500 meters of alluvial fill and many have the potential to host a significant lithium deposit.
The Big Smoky Valley is located immediately north of the Clayton Valley, home to Albemarle’s Silver Peak Lithium Mine (in continuous operation since 1967). The Miller’s playa is approximately 40 kilometers north of the Silver Peak mine. The principal target at the Project is a large northeast trending gravity low anomaly which is suggestive of an in-filled basin. The Big Smoky Valley was investigated with regional reverse circulation (RC) drilling by the United States Geological Survey (USGS) and anomalous lithium values were encountered in the basin sediments. The quality and concentrations of lithium brines discovered in the Clayton Valley may be present in the Big Smoky Valley.
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Arbor Metals USA Corp. secured 100% of the Miller’s Crossing Lithium Project directly from Bureau of Land Management.
Peter Born, is the designated qualified person as defined by National Instrument 43-101 and is responsible for, and has approved, the technical information contained in this release.
About Arbor Metals Corp.
Arbor Metals Corp. is a mining exploration company specializing in the development of high-value, geographic significant mineral projects around the world. As industry leaders, we are paving the way for advanced mineral exploration as we oversee world-class mining projects. We believe quality project, combined with proven strategies and a professional, along with a hard working team will deliver superior results. We hold two exceptional mineral projects.
The Rakounga Gold Project
The Rakounga Gold Project consists of an exploration permit covering a two-hundred-and-fifty square kilometer area located along the Goren Greenstone Belt in central Burkina Faso. The Company, through its wholly owned subsidiary Kruger Gold Corp. (“Kruger”), holds the right to acquire up to a one-hundred percent interest in and to the Project, subject only to pre-existing royalty obligations. Kruger has control over operations conducted on the Project and will look to expand on historical drilling and survey work conducted on the Project.
The Miller’s Crossing Lithium Project
The Miller’s Crossing Lithium Project, comprised of approximately 3800 acres of contiguous placer claims, is located in the Big Smoky Valley, Esmeralda County, Nevada. The Big Smoky Valley is located immediately north of the Clayton Valley, home to Albemarle’s Silver Peak Lithium Mine (in continuous operation since 1967.)
On behalf of the Board,
Arbor Metals Corp.
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 prospective nature of the Miller’s Crossing 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.
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