FIRST
ENERGY METALS DRILLS 1.43 PERCENT LITHIUM OXIDE OVER 4.5 METERS AT
AUGUSTUS LITHIUM PROPERTY
Vancouver, B.C.
(November 9,
2021) --
InvestorsHub NewsWire -- 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
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.