FIRST
ENERGY METALS
CUTS
1.20
PERCENT
LITHIUM OXIDE OVER
4
METERS
IN
CHANNEL
SAMPLES FROM
AUGUSTUS LITHIUM PROPERTY
Vancouver,
B.C. (May
4,
2021)
–
First
Energy Metals Ltd -- InvestorsHub NewsWire -- (CSE:
FE) (OTCQB: FEMFF) (WKN: A2JC89) ("First
Energy" or
the
"Company)
is pleased to announce
assay
more
results
from
the
channel
sampling program at its
Augustus
Lithium Property in Quebec, Canada. The
"Channel
21-2E"
samples
at the Beluga Pegmatite of the Canadian Lithium Prospect cut a
31-meter-wide section
with an average of 0.37% lithium oxide
(Li2O) which
includes 4 meters
of
spodumene pegmatite at
1.20
percent
Li2O. The pegmatite is
still continuous along width to the north where
three
individual samples each 1 m width assayed 0.06% to
2.25%
Li2O.
Iron
content in samples is less than one percent and there are anomalous
values of other rare elements such as niobium and
tantalum.
Channel 21-2E -
Highlights
of Assays
(For
31 m wide Section,
see Table 1 for details)
- Lithium oxide
(Li2O)
values
are in the range of
0.03 percent (%) to
2.13% with an average of
0.34%
Li2O including a
section
with
1.20%
Li2O over
4m.
- Lithium (Li) values
are in the range of 120 ppm (parts per million) to
9,999
ppm
(0.99%)
with an
average of 1,724.81
ppm,
including 4m section having
average of 5,602.25
ppm
(0.56% Li).
- Beryllium (Be) values
are in the range of 105
ppm
to 552
ppm
with an
average of 260.81
ppm.
- Niobium (Nb)
is in the
range of 33.0
ppm
to 136.9
ppm
with an
average of 74.88.
- Tantalum (Ta) is in
the range of 18.9 ppm to 128 ppm with an average
of 62.16
ppm.
- Iron (Fe) is in the
range of 0.33% to
0.88% with an average of
0.53%.
- Cesium (Cs) is in the
range of 24.5 ppm to 120 ppm with
an average of 73.21
ppm
- Rubidium
(Rb)
is in the
range of 403
ppm
3,480
ppm
with an
average of 1,936
ppm.
The ground
exploration work has been continuous since February 2021 and its
purpose is to locate and confirm historical lithium pegmatite
occurrences on two lithium prospects (Augustus and Canadian Lithium
Prospects), to locate historical drill holes on the Property
completed in 1950's, and to support the ongoing drill
program. The pegmatite
outcrops are
exposed
using an excavator. The field exploration
is continuous, and more channel sampling is being carried out on
the exposed outcrops. The
surface
channel
sampling will also help in resource estimation to tie up potential
lithium pegmatite zones intercepted in drill holes to the
surface.
Gurminder Sangha, CEO
of First Energy Metals stated that, "We are pleased with
the work progress of our project team who is doing a commendable
job while keeping themselves safe in this global pandemic
situation. The drilling crew is
also working efficiently and giving good production. The Company
will update on the drilling results as soon as
available".
Each channel
sample from this
work
represents
one
meter long, 5 cm wide and
3-5 cm deep cut 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
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 newly
acquired 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. 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 Property
during
1950s. Several drill hole
results indicated intersections over 1% lithium oxide. All this
data will help in the current
exploratory drill
program and building a data base for NI 43-101 resource
estimation".
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.