FIRST
ENERGY METALS DRILLS 1.35 PERCENT LITHIUM OXIDE OVER 7 METERS IN
DRILL HOLE LC-21-21 AT AUGUSTUS LITHIUM PROPERTY
Vancouver, B.C.
(November 17,
2021) –
InvestorsHub NewsWire -- First Energy Metals
Ltd. (CSE:
FE) ("First
Energy" or the
"Company)
is pleased to announce results of drill hole LC21-21 at its
Augustus Lithium Property in Quebec, Canada. The
drill hole intersected a 7-meter-wide zone with 1.35 percent (%)
lithium oxide (Li2O)
at 102 metres (m) drilled depth. There is a second 5-meter wide
intersection with 0.40% Li2O at 112 m drilled depth. Drill hole
LC21-21 was drilled at location: 287002E, 5367876.13N (NAD 1983 UTM
Zone 18N), Azimuth 24.75 degrees, Dip -65 degrees with a total
drilled depth of 138 m. 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 top 7 m
mineralized intersection (102 to 109 m drilled depth), average
lithium (Li) values are 6,261 parts per million (ppm) Li (1.35%
Li2O). There are anomalous values of
other rare metals including beryllium (Be) 223.14 ppm, cesium (Cs)
73.53 ppm, niobium (Nb) 64.63 ppm, rubidium 1,397 ppm, and tantalum
(Ta) 114.40 ppm.
-
In the lower 5-meter
mineralized intersection (112-117 m drilled depth), average lithium
values are1,861 ppm Li (0.4% Li2O). There are anomalous values of
other rare metals including beryllium (Be) 165.40 ppm, cesium (Cs)
61.46 ppm, niobium (Nb) 64.60 ppm, rubidium 1,324.40 ppm, and
tantalum (Ta) 139.60 ppm.
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. The
Company has also 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
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.
