Vancouver, B.C. (January 20, 2022) – First Energy Metals Ltd. (CSE: FE) (“First Energy” or the “Company) is pleased to announce results of drill hole LC21-18 at its Augustus Lithium Property in Quebec, Canada. The drill hole intersected several spodumene bearing lithium pegmatite intercepts from 58.2 metres (m) to 160 m drilled depth; of which the most promising intercept grading 1.56 percent (%) lithium oxide (Li2O) over 6 m at 114 m drilled depth, and a second 19 m wide intercept grading 0.48% Li2O at 141 m drilled depth. There are anomalous values of other rare metals such as beryllium (Be), cesium (Cs), niobium (Nb), rubidium (Rb) and tantalum (Ta).
Highlights (see Table 1 for details)
- 7.5 m wide spodumene pegmatite zone at 58.2 m with lithium grades in the range of 0.15% to 0.59% Li2O.
- 1.9 m wide spodumene pegmatite zone at 104.4 m with average lithium grade of 0.55% Li2O.
- 6 m wide spodumene pegmatite zone at 114 m with average grade of lithium 1.56% Li2O, 218.83 parts per million (ppm) Be, 56.75 ppm Cs, 77.78 ppm Nb, 1,297.83 ppm Rb, and 88.98 ppm Ta.
- 19 m wide spodumene pegmatite zone at 141 m with average grade of lithium 0.48% Li2O, 152.84 ppm Be, 53.42 ppm Cs, 93.57 ppm Nb, 1,854.16 ppm Rb, and 68.75 ppm Ta.
Drill hole LC-21-18was drilled during Phase 1 in 2021 at Augustus Prospect, UTM location: 287095.86E, 5367778.51N (NAD 1983 UTM Zone 18N), Azimuth 44.65 degrees (TN), Dip -64 degrees with a total drilled depth of 249 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.
CEO & Director
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Table 1: Drill Hole LC21-18 Assay Highlights
|First Li Intercept||0|
|Total / Average||114||120||6||7240||1.56||218.83||56.75||77.78||1297.83||88.98|
|Second Li Intercept|
|Total / Average||141.00||160.00||19.00||2,221.74||0.48||152.84||53.42||93.57||1,854.16||68.75|
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.