First Energy Metals Drills 1.22 Percent Lithium Oxide Over 10.5 Meters at Augustus Lithium Property
Vancouver, B.C. (July 20, 2021) – First Energy Metals Ltd. (CSE: FE) ("First Energy" or the “Company) is pleased to announce results of drill hole LC21-22 at its Augustus Lithium Property in Quebec, Canada. The drill hole intersected a 10.5-meter-wide zone with 1.22 percent (%) lithium oxide (Li2O) at 69 metres (m) drilled depth. There are anomalous values of other rare metals as well including average values of niobium (Nb) 65 parts per million (ppm), rubidium (Rb) 967 ppm, tantalum (Ta) 83 ppm, beryllium (Be) 187 ppm, cesium (Cs) 39.9 ppm, and iron (Fe) is 0.42. There is an upper 5.1 metres wide mineralized intersection starting at 53.3 metres with 0.49% lithium oxide. This upper intersection is marked with high rubidium values where three samples are over 5,000 ppm rubidium which is above the laboratory’s method detection limit(see Table 1 for details).
Drill hole LC21-22 was drilled at the Augustus Lithium Prospect on the Property. It was drilled at location: 286934E, 5367973N (NAD 1983 UTM Zone 18N), Azimuth 53.2 degrees, Dip 58.8 degrees with a total drilled depth of 168 m. 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 has been built near the Property for drill core logging, sample preparation and storage. To date a total of 26 drill holes with a cumulative core drilling of 4,505 m has been completed on the Property. The drill core is being logged and sampled at the core shack using a rock saw. For quality control and quality assurance (QA/QC), field duplicates, standards and blanks are being 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 337 mining claims covering a total area of over 15,000 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. 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 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.
Table 1: Drill Hole LC21-22 Sample assays highlights
Analyte Symbol
From
To
Total Width
Li
Li2O
Ba
Be
Cs
Fe
Nb
Rb
Ta
Unit Symbol
m
m
m
ppm
%
ppm
ppm
ppm
%
ppm
ppm
ppm
Detection Limit
3
0.01
3
3
0.1
0.05
2.4
0.4
0.2
Analysis Method
FUS-MS-Na2O2
474017
46.6
47.6
1
507
0.11
42
131
143
1.33
34.4
795
51.2
Upper Mineralized intersection start
474018
53.3
54.6
1.3
2130
0.46
427
57
613
2.77
56.9
3910
142
474019
54.6
55.6
1
3330
0.72
643
71
1110
4.53
26.5
> 5000
42.2
474021
55.6
56.4
0.8
2850
0.61
622
145
894
3.88
98.1
> 5000
85.3
474022
56.4
57.6
1.2
218
0.05
46
503
67.2
0.38
35.9
319
72.3
474023
57.6
58.4
0.8
2900
0.62
250
112
1380
3.79
57.9
> 5000
58.4
Total width/Average Assays
53.3
58.4
5.1
2286
0.49
398
178
813
3
55
2115
80
474024
58.4
59.6
1.2
432
0.09
63
380
144
0.73
74.5
642
97.7
474026
67
68
1
1160
0.25
130
124
60.4
0.71
72.1
1110
113
474027
68
69
1
177
0.04
117
88
34.4
0.42
56.9
953
124
Lower Mineralized intersection start
474028
69
70
1
2760
0.59
103
169
60.1
0.32
78.9
2240
82.9
474029
70
71
1
2070
0.45
17
83
30
0.25
36.7
1060
43.8
474031
71
72
1
8150
1.75
28
117
40.3
0.47
77.3
992
95.4
474032
72
73
1
4490
0.97
40
183
34.3
0.32
69.8
1030
77.5
474033
73
74
1
4220
0.91
79
164
33.8
0.66
55.5
907
55.3
474034
74
75
1
2100
0.45
90
90
29.4
0.4
30.3
1040
24.9
474036
75
76
1
5320
1.14
30
176
57.4
0.42
80.5
1680
106
474037
76
77
1
5270
1.13
18
146
41.2
0.33
83.2
1000
142
474038
77
78
1
8520
1.83
24
246
37.7
0.68
67.2
420
89
474039
78
79
1
12800
2.76
15
480
41.5
0.43
54.1
161
95.2
474041
79
79.5
0.5
7780
1.67
61
211
34.3
0.39
83.7
215
110
Total width/Average Assays
69
79.5
10.5
5675
1.22
45
187
39.9
0.42
65
967
83
474042
79.5
80.1
0.6
133
0.03
343
275
25.3
0.33
57.7
444
81.9
474043
121.88
123
1.12
2730
0.59
47
87
22
0.45
27.3
198
23.5
474044
123
124
1
618
0.13
46
550
25.6
0.29
58.8
68.8
45
474046
124
125.7
1.7
97
0.02
21
598
18.6
0.28
87.5
37.5
91.1
474047
164.5
165.4
0.9
1130
0.24
254
196
44.6
0.51
101.9
561
146
Note: A standard conversion factor of 2.15 was used to report Li to Li2O values
All intersections reported are based on drilled width and have not been converted to the true width.