FEMFF - InvestorNewsBreaks - First Energy Metals Ltd. (CSE: FE) (OTCQB: FEMFF) Announces Results of Drill Program at Augustus Lithium Drill Hole
First Energy Metals (CSE: FE) (OTCQB: FEMFF), a publicly traded Canadian mineral exploration company, has completed phase 1 exploration drill work at its Augustus Lithium Property, which is located in Quebec. The drill program included a total of 32 NQ size diamond drill holes, with a cumulative drilling of 5,847.15 meters; 27 of the drill holes intersected spodumene bearing lithium pegmatites with five holes showing low-grade lithium intercepts or not hitting any significant mineralization at all. Results also noted that two drill holes were drilled for metallurgical test-work purposes at the same locations as holes LC21-16 and LC21-20, respectively. Other results worth noting are that the results of seven drill holes are completed and have been reported in previous news releases, 10 holes intersected low-grade or no lithium mineralization while two holes have been kept for metallurgical test work; results are still pending from 13 drill holes. Finally, the company noted that the Augustus prospect spodumene bearing lithium mineralization has been delineated along a strike length of more than 400 meters in a northwest-southeast direction, while at the Beluga/Canadian lithium prospect, a high-grade lithium bearing spodumene pegmatite zone has been channel sampled with the drill holes beneath this pegmatite zone showing large pegmatite widths but smaller lithium-bearing intersects. "We are very pleased with successful completion of the Phase 1 exploration work on the Augustus property,” said First Energy Metals CEO Gurminder Sangha in the press release. “The current work not only confirmed the historical lithium mineralization reported on the property but also was able to define targets for further exploration work. The company is looking forward to commencing a Phase 2 exploration work as soon as the results of the current exploration work are compiled and completed. I commend the hard work of the project team members who were able to successfully complete exploration work despite global impact of COVID-19 pandemic and restrictions on movement which made it difficult to organize logistics for the project."
To view the full press release, visit https://ibn.fm/reKJp
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. The company’s goal is to identify, acquire and explore North American mineral prospects in the technology metals, precious metal and base metal sector. Its strategy is to acquire and advance projects through prospecting and early-stage exploration; source joint venture partners to finance future exploration and project development; and 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. For more information about the company, please visit www.FirstEnergyMetals.com.
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