First Energy Metals Drills 1.59 Percent Lithium Oxide Over 4.75 Meters In Drill Hole LC-21-20 at Augustus Lithium Property
Vancouver, B.C. (November 18, 2021) – First Energy Metals Ltd. (CSE: FE) ("First Energy" or the “Company) is pleased to announce results of drill hole LC21-20 at its Augustus Lithium Property in Quebec, Canada. The drill hole intersected five spodumene bearing lithium intercepts within a 91 metres wide pegmatite zone starting from 64 metres to 155 metres drilled depth. Two of the most prominent spodumene intercepts are: 1.10 percent (%) lithium oxide (Li2O) over 4.3 metres (m) at 79.70 m and 1.59% Li2O over 4.75 m at 97.25 m drilled depth. There are anomalous values of other rare metals including beryllium (Be), cesium (Cs), niobium (Nb), rubidium (Rb) and tantalum (Ta).
Highlights (see Table 1 for details)
- First Intercept – 2m width at 64m: Average values of lithium (Li) are 1,821.5 parts per million (ppm) and Li2O is 0.39%. Anomalous values of other rare metals include beryllium 149 ppm, cesium 16.25 ppm, niobium 43.15 ppm, rubidium 170 ppm, and tantalum 65.05 ppm.
- Second Intercept – 1.90m width at 72.7m: Average value of Li is 2,869 ppm and Li2O is 0.62%. Anomalous values of other rare metals include beryllium 12 to 83 ppm, cesium 21.5 to 45 ppm, niobium 45.15 to 57.9 ppm, rubidium 694 to 1,340 ppm, and tantalum 138 to 185 ppm.
- Third Intercept – 4.30 m width at 79.7 m: Average value of Li is 5,104 ppm and Li2O is 1.10%. Anomalous values of other rare metals include beryllium 66 to 150 ppm, cesium 16.2 to 48.2 ppm, niobium 44.3 to 67.3 ppm, rubidium 134 to 1,010 ppm, and tantalum 121 to 181 ppm.
- Fourth Intercept – 4.75 m width at 97.25 m: Average value of Li is 7,391 ppm and Li2O is 1.59%. Anomalous values of other rare metals include beryllium 187 to 332 ppm, cesium 40.5 to 240 ppm, niobium 67.5 to 97.5 ppm, rubidium 253 to 828 ppm, and tantalum 122 to 264 ppm.
- Fifth Intercept – 6.50 m width at 129.50 m: Average value of Li is 3,113 ppm and Li2O is 0.67%. Anomalous values of other rare metals include beryllium 19 to 348 ppm, cesium 27.2 to 585 ppm, niobium 51.1 to 99.7 ppm, rubidium 193 to over 5,000 ppm, and tantalum 66.5 to 191 ppm.
Drill hole LC21-20 was drilled at location: 287039E, 5367814N (NAD 1983 UTM Zone 18N), Azimuth 35.55 degrees, Dip -65 degrees with a total drilled depth of 175 m. All intersections reported are based on drilled width and have not been converted to the true width.
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). 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.
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 LC21-20 Assay Highlights
Analyte Symbol
Depth From
Depth To
Total
Li
Li2O
Be
Cs
Fe
Nb
Rb
Ta
Unit Symbol
m
m
m
ppm
%
ppm
ppm
%
ppm
ppm
ppm
Detection Limit
3
3
0.1
0.05
2.4
0.4
0.2
Analysis Method
FUS-MS-Na2O2
201945
62.8
64
1.20
286
0.06
135
44
0.56
49.8
844
63.7
201946
64
65
1.00
2940
0.63
266
26.8
0.48
69.4
233
89.2
201947
65
66
1.00
703
0.15
32
5.7
0.3
16.9
107
40.9
1st Intercept
64
66
2.00
1821.5
0.39
149
16.25
0.39
43.15
170
65.05
201948
72.7
73.7
1.00
4200
0.90
83
45
0.2
57.9
1340
138
201949
73.7
74.6
0.90
1390
0.30
12
21.5
0.28
45.1
694
185
2nd Intercept
72.7
74.6
1.90
2869
0.62
201951
79.7
81
1.30
1990
0.43
66
33.6
0.41
44.3
736
121
201952
81
82
1.00
6260
1.35
174
48.2
0.31
67.3
1010
181
201953
82
83
1.00
7280
1.57
182
25.8
0.35
61.5
253
165
201954
83
84
1.00
5820
1.25
150
16.2
0.56
64.9
134
129
3rd Intercept
79.7
84
4.30
5104
1.10
143
30.95
0.4075
59.5
533.25
149
201955
84
85.4
1.40
1200
0.26
62
10.5
0.33
30.5
120
106
201956
88.7
89.6
0.90
418
0.09
53
31.1
0.49
55.2
418
115
201957
97.25
98
0.75
4740
1.02
187
38.9
0.31
68.5
405
146
201958
98
99
1.00
9190
1.98
324
74.2
0.27
80.1
554
197
201959
99
100
1.00
11200
2.41
332
58.2
0.37
97.5
253
264
201961
100
101
1.00
5830
1.25
229
40.5
0.29
69.1
311
137
201962
101
102
1.00
5330
1.15
210
240
1.01
67.5
828
122
4th Intercept
97.25
102
4.75
7391
1.59
256.4
90.36
0.45
76.54
470.2
173.2
201963
128.5
129
0.50
5640
1.21
297
39.8
0.29
47
159
67.4
201964
129.5
130
0.50
8230
1.77
348
48.8
0.36
63.8
193
78
201966
130
131
1.00
2920
0.63
204
27.2
0.25
60.4
318
191
201967
131
132
1.00
4570
0.98
284
34.6
0.41
72.8
327
116
201968
132
133
1.00
1220
0.26
179
110
0.7
66.1
1430
66.5
201969
133
133.5
0.50
6040
1.30
19
585
1.64
99.7
> 5000
141
201971
133.5
134.5
1.00
382
0.08
174
45.8
0.32
51.1
713
72.7
201972
134.5
135
0.50
4710
1.01
185
97.2
0.68
60
1270
75.5
201973
135
136
1.00
1650
0.35
142
182
0.77
59.2
2880
81.2
5th Intercept
129.5
136
6.50
3113
0.67
201974
136
137
1.00
249
0.05
142
17.6
0.21
37.2
242
44.3
201976
137
138
1.00
261
0.06
520
38
0.33
55.9
359
82.4
201977
138
139
1.00
2520
0.54
178
156
0.6
78.4
2110
98.9
201978
139
140
1.00
1380
0.30
192
15.5
0.26
69.9
143
123
201979
140
140.7
0.70
1810
0.39
194
181
0.75
90.5
985
114
201981
151
152
1.00
1510
0.32
194
25
0.65
76.6
315
46.8
201982
152
153
1.00
887
0.19
143
24.2
0.52
87.9
432
48
201983
153
154
1.00
352
0.08
297
34.3
0.59
93.4
291
69.6
201984
154
155
1.00
632
0.14
91
22.7
0.37
94.9
649
58.7
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.