FIRST
ENERGY METALS
DRILLS
1.47
PERCENT
LITHIUM OXIDE OVER
4
METERS
AT
AUGUSTUS
LITHIUM PROPERTY
Vancouver, B.C.
Canada -- August 17, 2021 -- InvestorsHub NewsWire
-- First
Energy Metals Ltd. (CSE: FE OTCQB: FEMFF WKN: A2JC89)
("First
Energy" or
the
"Company)
is pleased to announce results
of
drill
hole LC21-05
at
its
Augustus
Lithium Property in Quebec, Canada. Drill
hole LC21-05 was drilled at the Canadian Lithium
Prospects, at location: 284773E,
5368325N (NAD 1983 UTM Zone 18N), Azimuth 39.6 degrees, Dip 41.7
degrees with a total NQ size
core drilling
depth
of 168m.
Drill
Hole LC21-05
Highlights (see Table 1 for details)
A
four-meter-wide zone with 1.47 percent (%) lithium oxide
(Li2O) at 11.5 metres (m)
depth.
A
three-meter-wide
zone with
0.56% Li2O at 32m depth,
including one-meter-wide
zone with
1.14% Li2O at 33m
depth.
Note:
All
intersections reported are based on drilled width and have not been
converted to the true width.
The drill program is
based on the historical
exploration data and the Company's surface
trenching and sampling program which is currently underway. 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 Drill
program commenced on April 5th
at the
Property by
Forage
Hebert Inc. Drilling of Amos, Quebec who
is
contracted for
the
drill
program.
A
B-20
drill rig is
deployed
for this work which has a capacity to drill up to 1,000-meter-deep
hole. A core shack is 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 is
logged and sampled at the core
shack using a rock
saw. For quality control
and quality assurance (QA/QC), field duplicates and
blanks are being inserted at an
industry
standard interval.
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
work plan on the property which includes diamond drilling,
metallurgical testwork to produce battery grade lithium carbonate,
and resource estimation. 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 lithium
prospects 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.
