FIRST
ENERGY METALS DRILLS TWO INTERCEPTS OF 1.76 AND 1.18 PERCENT
LITHIUM OXIDE OVER 5.6- AND 6.12-METERS IN DRIL HOLE LC21-29 AT
AUGUSTUS LITHIUM PROPERTY
Vancouver, B.C.
(November 4,
2021) --
InvestorsHub NewsWire -- First Energy Metals
Ltd. (CSE:
FE) ("First
Energy" or the
"Company)
is pleased to announce results of drill hole LC21-29 at its
Augustus Lithium Property in Quebec, Canada. The drill hole
intercepted two lithium pegmatites where the top intercept is 1.18
percent (%) lithium oxide (Li2O) over 6.12 metres at 148.48 metres
(m) drilled depth, and the lower intercept is 1.76%
Li2O over 5.6 metres at 158.4 metres
drilled depth.
Bothe mineralized
intercepts are only 4.2 meters apart from each other. There are
anomalous values of other rare metals including niobium (Nb),
rubidium (Rb), tantalum (Ta), beryllium (Be), and cesium (Cs) (see
Table 1 for details).
Highlights
Upper
Intercept (Total 6.12 m from 148.48m to 154.6m)
Lithium oxide values are in the range
of 0.65% to 2.41% Li2O with an average of 1.18%
Li2O over 6.12 m.
Beryllium is in the range of 87 parts
per million (ppm) to 204 ppm.
Cesium is in the range of 29 ppm to
94 ppm.
Niobium is in the range of 75.4 ppm
to 143.7 ppm.
Rubidium is in the range of 354 ppm
to 1,820 ppm.
Tantalum is in the range of 49.6 ppm
to 110 ppm.
Lower
Intercept (Total 5.6 m from 158.4m to 164 m)
Lithium oxide values are in the range
of 0.23% to 2.80% Li2O with an average of 1.76%
Li2O over 5.6 m.
Beryllium is in the range of 151 ppm
to 441 ppm.
Cesium is in the range of 30.8 ppm to
69.2 ppm.
Niobium is in the range of 72.1 ppm
to 101.5 ppm.
Rubidium is in the range of 127 ppm
to 1,430 ppm.
Tantalum is in the range of 68.8 ppm
to 100 ppm.
Drill hole LC21-29 was
drilled at location: 287182.82E, 5367943.92N (NAD 1983 UTM Zone
18N), Azimuth 205.35 degrees, Dip -50.4 degrees with a total
drilled depth of 291m. All intersections reported are based
on drilled width and have not been converted to the true
width.
The drill program was
based on the historical exploration data and the Company's surface
trenching and sampling program. Several historical drill hole
collars were also located on the Property which helped in location
and orientation of drill holes for the current program. The
drilling work was contracted to Forage Hebert Inc. Drilling of
Amos, Quebec. A B-20 drill rig was deployed which has a capacity to
drill up to 1,000-meter-deep hole. A total of 32 NQ size diamond
drill holes were completed on the Property with a cumulative
drilling of 5,847.15 metres. A core shack was built at the village
of St-Dominique du Rosaire located about 50km from the Property for
drill core logging, sample preparation and storage. The drill core
was logged and sampled at the core shack using a rock saw. For
quality control and quality assurance (QA/QC), field duplicates,
standards and blanks were inserted at industry standard
intervals.
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.
Code Ultratrace 7 – Peroxide Fusion – ICP and ICP/MS
Samples are fused with
sodium peroxide in a Zirconium crucible. The fused sample is
acidified with concentrated nitric and hydrochloric acids. The
resulting solutions are diluted and then measured by ICP-OES and
ICP-MS. All metals are solubilized.
ICP-MS
Fused samples are diluted
and analyzed by Agilent 7900 ICP-MS. Calibration is performed using
five synthetic calibration standards. A set of (10-20) fused
certified reference material is run with every batch of samples for
calibration and quality control. Fused duplicates are run every 10
samples.
ICP-OES
Samples are analyzed with
a minimum of 10 certified reference materials for the required
analytes, all prepared by sodium peroxide fusion. Every
10th
sample is prepared and
analyzed in duplicate; a blank is prepared every 30 samples and
analyzed. Samples are analyzed using a Varian 735ES ICP and
internal standards are used as part of the standard operating
procedure. Source:
https://actlabs.com/geochemistry/lithogeochemistry-and-whole-rock-analysis/peroxide-total-fusion/
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
For
further information, please contact the Company at:
gsangha@firstenergymetals.com or (604)
375-6005
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.