First Energy Metals Drills 1.43 Percent Lithium Oxide Over 4.5 Meters at Augustus Lithium Property

2021-11-09 / @newswire

 

VANCOUVER, BC, Nov. 9, 2021 /CNW/ - First Energy Metals Ltd. (CSE: FE) ("First Energy" or the "Company) 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 (m) 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)

  • Within the mineralized intersection, average lithium oxide values are in the range of 0.26% to 2.15% Li2O with an average of 1.43% Li2O over 4.5 metres at 115.5 metres.
  • Lithium (Li) values are in the range of 1,220 parts per million (ppm) to 10,000 ppm.
  • Beryllium (Be) is in the range of 67 ppm to 246 ppm, cesium (Cs) 12.8 ppm to 53 ppm, niobium (Nb) 5.7 ppm to 128.9 ppm, rubidium (Rb) 46.8 ppm to 446 ppm, and tantalum (Ta) 12.6 ppm 115 ppm.
  • The lithium pegmatite intersection has lower iron (Fe) values in the range of 0.41% to 0.58%.
  • There are smaller lower grade lithium pegmatites intersections listed below:
    • 0.6% Li2O over one meter at 107 m drilled depth.
    • 0.54% Li2O over one meter at 127.5 m drilled depth.

The samples were bagged and tagged using best practices and were delivered to Activation Laboratories ("ACTLABS"), 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:

  • Acquire and advance projects through prospecting and early-stage exploration;
  • Source joint venture partners to finance future exploration and project development;
  • Create shareholder value through exploration success.

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.

ON BEHALF OF THE BOARD OF
FIRST ENERGY METALS LTD.

"Gurminder Sangha"
Gurminder Sangha
President & Chief Executive Officer

Neither the Canadian Securities Exchange (CSE) nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release and has neither approved nor disapproved the contents of this news release.

Forward-looking Information 

Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates and projections as at the date of this news release. "Forward-looking information" in this news release includes information about the Company's information concerning the intentions, plans and future actions of the parties to the transactions described herein and the terms thereon.

The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company's ability to obtain required approvals. The Company has also assumed that no significant events occur outside of the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.

Table 1: Drill Hole LC21-14 Assay Highlights

Analyte Symbol




Li

Li2O

Be

Cs

Fe

Nb

Rb

Ta

Unit Symbol




ppm

%

ppm

ppm

%

ppm

ppm

ppm

Detection Limit

From

To

Total width

3


3

0.1

0.05

2.4

0.4

0.2

Analysis Method

m

m

m

FUS-MS-Na2O2

201719

106

107

1

969

0.21

151

1080

1.23

11

3300

17.5

201721

107

108

1

2,810

0.60

413

1150

2.75

47.9

4360

58.6

201722

113

113.5

0.5

1,680

0.36

29

157

3.03

27.1

409

53.7

Start of Mineralized Intersection  

201723

115.5

116.5

1

10,000

2.15

227

49.6

0.58

96.4

446

115

201724

116.5

117

0.5

1,220

0.26

67

12.8

0.41

5.7

46.8

12.6

201726

117

118

1

8,620

1.85

181

53

0.49

66

820

54.1

201727

118

119

1

6,530

1.40

216

44

0.48

49.1

363

59.9

201728

119

120

1

4,150

0.89

246

24.8

0.41

128.9

163

261

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

201729

120

121

1

323

0.07

31

22.7

0.64

50.5

350

141

201731

127.5

128.5

1

2,510

0.54

83

106

2.05

64.3

1110

55.5

201732

128.5

129.5

1

96

0.02

12

11.6

0.33

162

270

119

201733

129.5

130.5

1

111

0.02

13

13.9

0.43

148.3

274

73.8

201734

130.5

131

0.5

276

0.06

22

43

1.13

59.5

271

40.1

201735

143.5

144

0.5

1,220

0.26

93

198

3.78

37

958

43.1

201736

144

145

1

115

0.02

279

29.8

0.46

102.3

328

97.6

201737

145

146

1

172

0.04

443

38

0.59

134.3

633

88.7

201738

146

147

1

1,080

0.23

236

37.9

0.57

88.2

1120

48.6

201739

147

148

1

114

0.02

256

29.6

0.46

75.6

495

66.4

201741

148

148.5

0.5

1,760

0.38

91

386

6.29

13.6

1300

10.5

201742

160

161

1

399

0.09

244

97.8

1.69

92.1

702

69.4

201743

165

166

1

40

0.01

157

15.5

0.47

152.3

544

91.1

201744

166

167

1

58

0.01

201

37.4

0.43

92.2

1370

64.3

201745

167

168

1

48

0.01

183

30

0.55

163.5

957

82.9

201746

168

168.9

0.9

55

0.01

248

19.3

0.44

161.7

618

119

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.

 

SOURCE First Energy Metals Limited

Cision View original content: http://www.newswire.ca/en/releases/archive/November2021/09/c7989.html

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