Fox River Collaborating with CanmetMINING to Research the Martison Phosphate Deposit

TORONTO, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Fox River Resources Corporation (the “Company” or “Fox River”) (CSE:FOX) is pleased to announce the Company is collaborating with CanmetMINING on two laboratory research projects.

One research project will test the extraction of niobium and rare earth elements from the lateritic material included in Fox River’s Martison Phosphate Deposit and detailed in the following table:

Table 1 – Martison Anomaly A Mineral Resource Estimate Effective December 31, 2021

Deposit	Classification	Tonnes (Mt)	Phosphate Grade (% P2O5)	Niobium Grade (% Nb2O5)
Anomaly A Residuum	Indicated Resources	53.8	22.99	0.42
	Inferred Resources	128.3	17.09	0.42
Anomaly A Lateritic Material	Indicated Resources	6.2	7.97	1.13
	Inferred Resources	5.3	6.40	0.69

Notes:

• The independent and qualified person for the mineral resource estimate, as defined by NI 43-101, is Tim Horner, P.Geo.
• CIM definitions were followed for Mineral Resources.
• Mineral Resources are estimated at a cut-off grade of 6% P₂O₅ in the Residuum or 0.2% Nb₂O₅ in the Lateritic Material.
• Mineral Resources are estimated at a dry Bulk Density of 1.89 t/m³, 1.70 t/m³, 1.90 t/m³, 2.12 t/m³ for till, laterite, Residuum and carbonatite respectively.
• Mineral Resources are constrained by a Whittle open pit shell.
• A minimum mineralization width of five metres was used for Indicated Resources and two metres for Inferred Resources.
• Values for tonnage and grade may not add up due to rounding.
  

Cautionary Note: Mineral resources that are not mineral reserves do not have demonstrated economic viability. The foregoing mineral resource estimates are as at December 31, 2021. For more information with respect to the data verification procedures undertaken and the key assumptions, parameters and risks associated with the foregoing estimates, refer to Fox River Resources Technical Report entitled "Martison Phosphate PEA" dated effective April 21, 2022, which was filed on SEDAR+ on June 3, 2022.