FIRST
ENERGY METALS DRILLS 1.35 PERCENT LITHIUM OXIDE OVER 2 METERS AT
AUGUSTUS LITHIUM PROPERTY
Vancouver, B.C.
(May 06,
2021) -- InvestorsHub
NewsWire -- First
Energy Metals Ltd. (CSE: FE) (OTCQB: FEMFF) (WKN: A2JC89)
("First
Energy" or
the "Company)
is pleased to announce results of a drill hole at its Augustus
Lithium Property in Quebec, Canada. The drill hole LC21-003
intersected a six-meter-wide zone with 0.62 percent (%) lithium
oxide (Li2O) at 45 metres (m) depth including a two metres wide
intersection with 1.35% Li2O at 48 m depth. A second two-meter-wide
pegmatite intersection assayed 0.63% Li2O at 73 m depth (see Table
1 for details).
Drill hole LC21-03 was
drilled at location: 284956E, 5368263N (NAD 1983 UTM Zone 18N),
Azimuth 53.5 degrees, Dip 49.4 degrees with a total drilled depth
of 147m. All intersections reported are based on drilled width and
have not been converted to the true width.
Gurminder Sangha, CEO of
First Energy Metals stated that, "We are very pleased that drill
results have started to arrive. After fieldwork mapping and
sampling, this is the second step to verify historical exploration
work. The Company is looking forward to receiving more drilling and
channel sampling results to keep investors aware of the progress
being made on the Property".
The drill program is based on
the historical exploration data and the Company's surface trenching
and sampling program which is currently underway. Several
historical drill hole collars were also located on the Property
which help in location and orientation of drill holes for the
current drill program. The Drill program commenced on April
5th
at the Property
by Forage Hebert Inc. Drilling of Amos, Quebec who is contracted
for the drill program. A B-20 drill rig is deployed
for this work which has a capacity to drill up to 1,000-meter-deep
hole. A core shack has been built near the Property for drill core
logging, sample preparation and storage. To date a total of 13
drill holes with a cumulative core drilling of 1,770 m has been
completed on the Property. The drill core is being logged and
sampled at the core shack using a rock saw. For quality control and
quality assurance (QA/QC), field duplicates and blanks are being
inserted at an industry standard interval.
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. 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.".
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
Chief Executive Officer &
Director
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.
