Harfang Resumes Its Summer Field Program in Eeyou Istchee James Bay, Québec
July 24 2023 - 8:00AM
Harfang Exploration Inc. (“Harfang” or the “Company”) (TSX-V: HAR)
is pleased to announce its field crew began exploration work on its
Lemare lithium property in the central part of Eeyou Istchee James
Bay, Québec (
Figure 1). The property is
located to the southeast of the Whabouchi lithium deposit and is
accessible by the Route du Nord. With recent lithium discoveries,
new advances in already existing resources and the Québec strategy
on Critical and Strategic Minerals (“CSM”), this region has taken
centre stage for lithium exploration in Canada.
Commented Ian Campbell, President and CEO, “We
are pleased to report that the recent restrictions imposed by the
Québec government as a result of the regional forest fire situation
have been lifted in most of the Eeyou Istchee James Bay region and
our field crew has been mobilized to resume the exploration
program. This program is a “boots on the ground” approach including
both a prospecting and geological evaluation. Access to our
properties in the northwest of the region (Lake Menarik,
Serpent-Radisson, Ewart, Sakami, Taiga, La Passe and Menarik East)
is not yet authorized, but we are hopeful this situation will be
resolved in the near future. We wish to acknowledge the continuing
efforts to suppress forest fires and express our gratitude to those
involved for their hard work under difficult conditions.”
Lithium Exploration Program
Harfang intends to conduct a first-phase surface
exploration program (prospecting, mapping, rock sampling) on its
assets favourable for the discovery of spodumene bearing
pegmatites. This program includes prospecting on the
Serpent-Radisson, La Passe, Lemare, Ewart, Sakami, Ross and Conviac
claims. The main objective of this program is to find
Lithium-Cesium-Tantalum Pegmatite (“LCT Pegmatite”) warranting more
advanced exploration, including drilling.
The Company acquired Lemare claims by map
designation as a result of geological assessment combined with a
statistical processing of more than 13,400 analyses of lake
bottom sediments extracted from the Québec government digital
database (SIGÉOM) (see news releases dated on January 19 and
February 8, 2023). Ewart, Sakami, Conviac and Ross claims were
staked following the same evaluation.
The Lemare Property consists of 269 claims
located approximately 22 kilometres southeast of the Whabouchi
lithium deposit owned by Nemaska Lithium (“Nemaska”). Nemaska
recently signed a long-term agreement with the Ford Motor Company
for the supply of lithium products, including lithium hydroxide, as
North American automakers race to secure supplies of battery
materials to meet the electric vehicle output. The Lemare Property
contains several strong calculated lake bottom sediment lithium
residual anomalies of which four are ≥99.5th percentile of the
entire SIGÉOM database (Figure 2). Some of these
anomalies form a tight cluster in an area dominated by granite and
pegmatite of the Opatica Subprovince.
Once the restrictions are lifted in the
northwestern part of Eeyou Istchee James Bay, Harfang will resume
its exploration program on its gold and lithium projects in this
region.
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 $6.7 M in the treasury as of April 30, 2023
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 CampbellPresident and Chief Executive OfficerTel:
647-680-3820Email: icampbell@harfangexploration.comWeb:
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 Harfang 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, Harfang
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.
Harfang Exploration (TSXV:HAR)
Historical Stock Chart
From Nov 2024 to Dec 2024
Harfang Exploration (TSXV:HAR)
Historical Stock Chart
From Dec 2023 to Dec 2024