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) – 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.
Table 1: Drill Hole LC21-21 Assay Highlights
Analyte Symbol
Depth
Depth
Total
Be
Cs
Fe
Li
Li2O
Nb
Rb
Ta
Unit Symbol
m
m
m
ppm
ppm
%
ppm
%
ppm
ppm
ppm
Detection Limit
3
0.1
0.05
3
2.4
0.4
0.2
Analysis Method
FROM
TO
LENGTH
FUS-MS-Na2O2
201986
85.3
86
0.70
616
20.7
0.56
101
0.02
125.2
139
155
201987
86
87
1.00
370
11.7
0.18
47
0.01
60.2
116
99.8
201988
87
87.55
0.55
172
12.2
0.45
51
0.01
41.7
179
49.2
201989
87.9
88.4
0.50
352
35.8
1.89
234
0.05
61.8
167
82.3
Start of Mineralization
201991
102
103
1.00
238
52.4
0.3
4320
0.93
32.3
712
67.8
201992
103
104
1.00
238
65.5
0.5
5100
1.10
57.5
937
130
201993
104
105
1.00
269
66.5
0.43
7780
1.67
67.2
1060
107
201994
105
106
1.00
172
83.3
0.29
6920
1.49
76.8
1970
112
201996
106
107
1.00
221
64.1
0.3
8630
1.86
85.6
1180
130
201997
107
108
1.00
189
92.8
0.32
5560
1.20
58.6
2190
119
201998
108
109
1.00
235
90.1
0.62
5520
1.19
74.4
1730
135
Total Width / Average
102.00
109.00
7.00
223.14
73.53
0.39
6,261.43
1.35
64.63
1397.00
114.40
201999
109
109.8
0.80
200
77.9
0.65
1740
0.37
67.8
1580
171
474001
110.2
110.75
0.55
191
38.7
0.32
5920
1.27
85.2
564
185
474002
111.4
112
0.60
157
73.9
0.56
2030
0.44
81
1630
264
Start of second zone
474003
112
113
1.00
143
77.6
0.38
597
0.13
72.8
1790
165
474004
113
114
1.00
124
53.3
1.55
969
0.21
58.1
847
191
474006
114
115
1.00
123
66.3
0.72
1170
0.25
61.5
2000
101
474007
115
116
1.00
211
47.1
0.69
1580
0.34
67.5
795
136
474008
116
117
1.00
226
63
0.68
4990
1.07
63.1
1190
105
Total Width / Average
112.00
117.00
5.00
165.40
61.46
0.80
1,861.20
0.40
64.60
1,324.40
139.60
474009
117
117.4
0.40
156
35.5
1.02
1300
0.28
36.9
610
52.7
474011
124.8
126
1.20
54
4
0.41
37
0.01
19.1
45.7
84.2
474012
126
127
1.00
71
7
0.38
128
0.03
31.4
147
84.5
474013
127
128
1.00
222
61.2
0.55
1970
0.42
36.2
1910
97.2
474014
128
129
1.00
240
34.9
0.76
496
0.11
51.1
684
97.2
474016
129
129.5
0.50
158
35.3
2.01
363
0.08
44.2
607
114
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.