VANCOUVER, Oct. 22, 2018 /CNW/ - First Energy Metals
Ltd. (TSX-V: FE) (the "Company) is pleased to announce
that it has received assay results of Phase 2 exploration work at
its Phyllis Cobalt Property (the "Phyllis Property") in
Ontario. The highlights of
sampling include a 4m intersection
with 0.08% Cobalt (Co), 0.39% Copper (Cu), and 0.11% Nickel (Ni),
including 1m @ 0.24% Co, 0.39% Cu,
and 0.19% Nickel (Ni) (See attached Map for Sampling
Location). The mineralization is hosted within a highly altered and
fractured gabbro.
The work accomplished during Phase II exploration expanded the
original Phyllis Central trench to a 32m x 38m wide zone
to increase the company's geological understanding of the intrusion
and delineate the cobalt-copper-nickel mineralization. During this
phase, 22 channel samples were taken testing various styles of
disseminated, semi-massive, and massive sulphide mineralization.
The company was successful to determine constraints on cobalt and
other base metal mineralization. The size of the mineralization
halo is unknown as it is largely covered by overburden on the
northeast end of the trench created during Phase II. The company
will continue to delineate this mineralization zone with continued
exploration.
All samples from this work were analyzed at Agat Laboratories,
Mississauga, Ontario. Agat is a
Canadian accredited laboratory which is also accredited / certified
for ISO/IEC 17025:2005 and ISO 9001:2015 standards for specific
tests. The samples were tested using method: Sodium Peroxide Fusion
- ICP-OES/ICP-MS Finish. The laboratories have its own quality
control and quality assurance (QA/QC) program for sample handling,
preparation, analysis and data reporting.
Mr. Gurminder Sangha, CEO of
First Energy Metals stated that, "We are very pleased with the
success of exploration program at Phyllis Cobalt Property. The
mineralization identified in Phase 1 work has shown further
extension and is still open to the east and northeastern side.
Anomalous values of nickel is another interesting target for future
work. The Company is planning to drill the main mineralization area
and carry out ground geophysical survey to see extension of the
mineralized zone."
The technical information contained in this news release has
been reviewed and approved by Alexander
Pleson, P.Geo., a qualified person, as defined by NI 43-101
who works as consultant with the Company. The exploration work is
being carried out under his supervision.
About First Energy Metals Limited.
First Energy Metals Limited is a junior resource company engaged
in the exploration and development of energy metals such as
lithium, cobalt, and graphite within its property portfolio in
North America. The Company's goal
is to acquire prospective technology metals projects and develop
them. The Company currently holds an option to acquire 100%
interest in Phyllis Cobalt property in Ontario, Canada, in addition to the recently
optioned Russel Graphite Property in Gatineau area of Quebec. First Energy Metals Limited (formerly
"Agave Silver ") was incorporated on October
12, 1966 in the Province of British Columbia. The Company's common shares
trade on the TSX Venture Exchange under the symbol FE and are also
listed on the US OTC Markets (Pink) as ASKDF and on the Frankfurt
Stock Exchange as A2JC89.
ON BEHALF OF THE BOARD OF
FIRST ENERGY METALS LTD.
"Gurminder Sangha"
Gurminder Sangha
President & Chief Executive Officer
Neither the Toronto Stock Exchange (TSX) 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
This news release
may contain forward-looking information (as such term is defined
under Canadian securities laws). While such forward-looking
information is expressed by the Company in good faith and believed
by the Company to have a reasonable basis, they address future
events and conditions and are, therefore, subject to inherent risks
and uncertainties. The Company expressly disclaims any
intention or obligation to update or revise any forward-looking
information, whether as a result of new information, future events
or otherwise, except in accordance with applicable securities
law
SOURCE First Energy Metals Limited