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Pressemitteilungen

FE Battery Metals Sampled Up To 2.58% Lithium Oxide On New Lithium Pegmatite Zone Near The North American Lithium Mine

15. August 2023

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Vancouver, B.C. (August 15, 2023) – FE Battery Metals Ltd. CSE: FE) (OTCQB: FEMFF) (WKN: A2JC89) (“FE Battery Metals” or the “Company) is pleased to announce the assay results from newly discovered lithium pegmatite zones to the southeast of its main Augustus exploratory drilling area at the Augustus Lithium Property in Quebec, Canada. The assays are from a recently concluded field prospecting, sampling and mapping program completed with a focus on following up drone and airborne geophysical survey targets identified along an approximately 10 km long structural corridor showing four lithium prospects..( Figure 1)  A total of 74 surface samples were collected during the field program indicating lithium oxide (Li2O) values in the range of less than 15 parts per million (ppm) lithium to 2.58 percent (%) Li2O. There are anomalous values of other rare metals including beryllium (Be), cesium (Cs), Niobium (Nb), rubidium (Rb) and tantalum (Ta). This newly located area sits only 2.9kms from the mineralized pegmatite bodies of Quebec’s largest lithium mine, the North American Lithium (“NAL”) mine, operated by Sayona Mining Ltd.

Assay Highlights (Table 1)

  • A total of 26 samples were collected from Augustus East pegmatites near the NAL mine, out of which 11 samples have over 1% Li2O and two samples over 2% Li2O with a maximum of 2.58% Li2O. Additionally, 3 samples are over 0.50% Li2O.
  • Ten samples collected from Mc Neely prospect showing moderate to low values of lithium oxide.
  • Ten samples were collected from the Canadian Lithium / Beluga prospect indicating lithium values in the range of 15ppm to 2.37% Li2O. The purpose of this sampling was to locate new lithium pegmatites and find extension of the Beluga prospect.
  • 15 samples collected from Baillarge N-E lithium prospect also show low values of lithium oxide.
  • Ten samples collected from a new pegmatite outcrop at the Keyboy prospect showed lithium values in the range of less than 15 ppm to 4,350 ppm (0.94% Li2O).

Gurminder Sangha, CEO of FE stated “The Company is thrilled about these remarkable assay results from our recent exploration efforts in the lithium-rich region of Quebec, Canada. Importantly, this newly discovered lithium-rich area is located a mere 2.9 kilometers from the mineralized pegmatite bodies of Quebec’s largest lithium mine, the North American Lithium (“NAL”) mine. The Company is carrying out an extensive prospecting, mapping, and sampling program during this summer. We look forward to providing further updates on our progress as we proceed with our exploration efforts in this highly prospective region.”

Photo of spodumene crystals showing high grade lithium pegmatite

Sample Preparation and Analysis

The surface sampling was carried out using a rock saw and other hand tools by cutting about 20-30 cm long, 5 cm wide and 3-5 cm deep cuts in bedrock. 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 with sodium peroxide fusion – ICP and ICP / MS. 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
FE BATTERY METALS CORP.

“Gurminder Sangha”
Gurminder Sangha
CEO & Director
For further information, please contact the Company at: gsangha@febatterymetals.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.

Figure 1: Showing 10km long structural corridor with lithium prospects and NAL mine

Table 1: Assay highlights for surface samples

Analyte Symbol Location Li Li2O Be Cs Nb Rb Ta Showing
Unit Symbol NAD 1983 ppm % ppm ppm ppm ppm ppm
Detection Limit Zone 18N 15 0.01 3 0.1 2.4 0.4 0.2
Analysis Method   FUS-Na2O2
1160746 18 U 288065 5366728 2,040 0.44 11 38.9 74.8 2000 19.3 Augustus E
1160747 18 U 288090 5366752 4,670 1.00 51 26.3 78.9 764 41.3 Augustus E
1160748 18 U 288108 5366764 2,150 0.46 96 35.4 73 1200 43.2 Augustus E
1160749 18 U 288128 5366740 197 0.04 22 42.9 61.5 746 57.7 Augustus E
1160750 18 U 288156 5366717 925 0.20 46 25.2 85.7 767 30.9 Augustus E
1160751 18 U 288189 5366697 1,480 0.32 49 67.6 89.4 2350 40 Augustus E
1160752 18 U 288131 5366814 88 0.02 40 34.9 35.2 1150 28.6 Augustus E
1160753 18 U 288128 5366806 63 0.01 256 65.2 69.7 2220 33.3 Augustus E
1160754 18 U 288157 5366768 141 0.03 710 83.6 48.9 2110 22.6 Augustus E
1160755 18 U 288128 5366756 4,250 0.91 19 24.6 86 983 26 Augustus E
1160756 18 U 288126 5366757 6,780 1.46 5 21 57.9 1260 18.8 Augustus E
1160757 18 U 288113 5366764 8,410 1.81 3 52.9 103.7 1880 25.8 Augustus E
1160758 18 U 288114 5366768 3,130 0.67 7 33.9 46.8 1860 17.1 Augustus E
1160759 18 U 288105 5366784 10,700 2.30 26 12.8 72.4 451 21.2 Augustus E
1160760 18 U 288104 5366788 6,140 1.32 6 10.9 140.3 577 28.6 Augustus E
1160761 18 U 288112 5366770 8,300 1.78 7 17.5 125.5 784 31.2 Augustus E
1160762 18 U 288121 5366762 3,760 0.81 129 46.9 89.5 1460 59.7 Augustus E
1160763 18 U 288167 5366725 8,570 1.84 6 10.5 65 323 20.9 Augustus E
1160764 18 U 288174 5366734 7,930 1.70 6 9.8 79.3 449 23 Augustus E
1160765 18 U 288392 5366877 65 0.01 42 30.6 75.5 1300 63.7 Augustus E
1160766 18 U 288393 5366884 31 0.01 85 19.7 92.1 609 64.1 Augustus E
1160767 18 U 288553 5366604 12,000 2.58 185 53 89.5 843 35 Augustus E
1160768 18 U 288576 5366598 5,460 1.17 381 75.1 92.2 1230 48.9 Augustus E
1160769 18 U 288617 5366547 8,150 1.75 522 50.8 117.2 655 50.1 Augustus E
1160770 18 U 288808 5366397 5,920 1.27 317 47.9 76.6 1270 28.6 Augustus E
1160771 18 U 288902 5366371 < 15 NA 19 15 84.1 827 39.7 Augustus E
1160772 18 U 288606 5366737 62 0.01 253 44.8 77.8 1310 43.5 Augustus E
1160773 18 U 288572 5366905 < 15 NA 8 52.7 17.1 2300 20.5 Augustus E
1160774 18 U 288538 5366983 21 0.00 15 26.4 128.8 1240 62.6 Augustus E
1160701 18 U 285515 5367572 113 0.02 14 17.9 120.7 619 49.9 Mc Neely sud
1160702 18 U 285678 5367559 248 0.05 5 44.6 51.5 1710 15.4 Mc Neely sud
1160703 18 U 285494 5367457 46 0.01 4 27.4 119.3 1070 27.9 Mc Neely sud
1160704 18 U 285528 5367438 55 0.01 5 23.3 72.3 1290 17.1 Mc Neely sud
1160705 18 U 285441 5367586 52 0.01 6 13.2 58.8 419 26.3 Mc Neely sud
1160706 18 U 285442 5367596 94 0.02 10 17.3 78.4 702 24.9 Mc Neely sud
1160707 18 U 285455 5367647 150 0.03 74 505 101.4 3700 68 Mc Neely sud
1160708 18 U 285858 5367408 20 0.00 5 18.9 69.7 980 21 Mc Neely sud
1160709 18 U 285408 5367678 31 0.01 8 6 186.8 204 36 Mc Neely sud
1160710 18 U 285488 5368008 18 0.00 29 2.3 5.4 49.5 1.4 Mc Neely sud
1160711 18 U 284893 5368121 < 15 NA 5 23.4 72.7 1070 28.7 Near hole LC21-03
1160712 18 U 284844 5368054 117 0.03 42 59.9 78.7 1520 23.8 Near hole LC21-03
1160713 18 U 284962 5368274 11,000 2.37 196 50 23.9 1330 24.2 Near hole LC21-03
1160714 18 U 284973 5368282 430 0.09 35 117 311.5 3610 322 Near hole LC21-03
1160715 18 U 285061 5368265 219 0.05 4 49.3 28.8 2080 12.3 Near hole LC21-03
1160716 18 U 285092 5368257 108 0.02 338 45.9 58.6 1390 24.9 Near hole LC21-03
1160717 18 U 285130 5368247 52 0.01 239 38.6 72.4 879 67.5 Near hole LC21-03
1160718 18 U 285148 5368243 246 0.05 10 53.6 62.9 1500 45.2 Near hole LC21-03
1160719 18 U 285162 5368236 56 0.01 290 41.7 83.9 1000 69.5 Near hole LC21-03
1160720 18 U 284882 5368149 47 0.01 157 33.4 82.2 1270 36.4 Hole LC21-03 south
1160721 18 U 283971 5358301 < 15 NA 12 27.9 62 943 29.8 Baillargé N-E
1160722 18 U 283964 5358299 < 15 NA 6 38.2 40.7 1770 16.5 Baillargé N-E
1160723 18 U 284032 5358586 21 0.00 8 31 21 1600 7.7 Baillargé N-E
1160724 18 U 284355 5359196 41 0.01 7 46.5 55.7 1700 24.3 Baillargé N-E
1160725 18 U 284356 5359334 66 0.01 28 23.8 55.6 704 47.5 Baillargé N-E
1160726 18 U 284492 5359400 86 0.02 6 26.4 85 1340 16.2 Baillargé N-E
1160727 18 U 284516 5359409 < 15 NA 6 20.3 58.2 1260 16.8 Baillargé N-E
1160728 18 U 284693 5359413 26 0.01 3 62 37.3 2680 12.6 Baillargé N-E
1160729 18 U 284865 5359430 31 0.01 3 38.6 179.3 1350 84.7 Baillargé N-E
1160730 18 U 284910 5359433 54 0.01 7 35.6 96.6 666 16.2 Baillargé N-E
1160731 18 U 284381 5359655 67 0.01 7 18.6 38.9 581 22.8 Baillargé N-E
1160732 18 U 284379 5359646 100 0.02 6 48.9 71.3 1690 19.1 Baillargé N-E
1160733 18 U 283998 5359938 27 0.01 < 3 69.3 29.9 2610 14.7 Baillargé N-E
1160734 18 U 284004 5359933 57 0.01 5 25.2 55.4 1170 12.3 Baillargé N-E
1160735 18 U 284069 5360196 83 0.02 4 43.6 96.2 1590 37 Baillargé N-E
1160736 18 U 283490 5368957 < 15 NA 148 1.6 60 6.4 107 Keyboy new outcrop
1160737 18 U 283488 5368954 4,350 0.94 108 40.4 54.4 1200 66.8 Keyboy new outcrop
1160738 18 U 283489 5368949 2,340 0.50 96 38 65.5 1680 67.1 Keyboy new outcrop
1160739 18 U 283488 5368959 24 0.01 281 6 71.4 11.2 86.1 Keyboy new outcrop
1160740 18 U 283477 5368948 < 15 NA 162 1.5 69.8 6.8 102 Keyboy new outcrop
1160741 18 U 283485 5368933 < 15 NA 340 2.2 40.2 3.4 46.1 Keyboy new outcrop
1160742 18 U 283472 5368990 4,420 0.95 211 61.3 64.5 1570 102 Keyboy new outcrop
1160743 18 U 283463 5368990 < 15 NA 267 3.4 59.1 4.9 113 Keyboy new outcrop
1160744 18 U 283573 5368977 < 15 NA 7 0.2 55.8 1.6 74.6 Keyboy new outcrop
1160745 18 U 283632 5368950 3,540 0.76 236 60.2 37.9 1710 51.6 Keyboy new outcrop

 

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