First Energy Metals Ltd. (CSE: FE) is pleased to announce results of drill hole LC21-14 at its Augustus Lithium Property in Quebec, Canada. The drill hole intersected a 4.5-meter-wide zone with 1.43 percent (%) lithium oxide (Li2O) at 115.5 metres drilled depth. Drill hole LC21-14 was drilled at location: 287261.9E, 5367851.1N (NAD 1983 UTM Zone 18N), Azimuth 218.55 degrees, Dip -45.6 degrees with a total drilled depth of 234m. All intersections reported are based on drilled width and have not been converted to the true width.
Highlights (see Table 1 for details)
The samples were bagged and tagged using best practices and were delivered to Activation Laboratories, Ancaster, Ontario for sample preparation and analyses using laboratories code Ultratrace 7 and sodium peroxide fusion (Na2O2) as summarized below. ACTLABS is an independent commercial, accredited ISO Certified Laboratory.
Afzaal Pirzada, P.Geo., Geological Consultant of the Company, and a “Qualified Person” for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release.
About the Augustus Lithium Property
The Company owns 100% interest in Augustus Lithium Property in Landrienne & Lacorne-Townships, Quebec, Canada. The Property consists of 271 mining claims covering a total area of 14,155 hectares located approximately 40 kilometres northwest of the town of Val d’Or on map sheets 32C/05 and 32D08. The Property claims are spread in several claim blocks optioned in 2021 from different vendors. The Company has prepared a well thought out work plan on the property which includes diamond drilling, metallurgical testwork to produce battery grade lithium carbonate, and resource estimation. To date, the Company has compiled historical drill hole data on the Property for 74 historical dill holes with a cumulative drilling of 12,123.14 m, out which 6,024 m drilling was completed on the Property during 1950s. Several drill hole results indicated intersections over 1% lithium oxide.”.
About First Energy Metals Limited.
First Energy Metals is a Canadian mineral exploration company with a primary focus of acquiring a multicommodity mineral property portfolio. Its goal is to identify, acquire and explore North American mineral prospects in the technology metals, precious metal, and base metal sector.
The company’s strategy is to:
First Energy will continue to add to its multicommodity portfolio through organic acquisitions of new projects and opportunities with the intention of adding value and projects over time.
Table 1: Drill Hole LC21-14 Assay Highlights
|Detection Limit||From||To||Total width||3||3||0.1||0.05||2.4||0.4||0.2|
|Start of Mineralized Intersection|
|Total Width / Average assays||115.5||120.0||4.5||6,104||1.43||187.40||36.84||0.47||69.22||367.76||100.52|
|Note: A standard conversion factor of 2.15 was used to report Li to Li2O values|
|All intersections reported are based on drilled width and have not been converted to the true width.|
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We acknowledge the [financial] support of the Government of Canada.