FEMFF - InvestorNewsBreaks - First Energy Metals Ltd. (CSE: FE) (OTCQB: FEMFF) Announces New Targets Identified from Recent Magnetic Study
First Energy Metals (CSE: FE) (OTCQB: FEMFF), a publicly traded Canadian mineral exploration company, is reporting new target areas for its phase 2 exploration trending and drilling program; the areas were identified as a result of a helicopter-borne magnetic survey that was flown over FEMFF’s flagship Augustus Lithium Project. Conducted by Geo Data Solutions, the high-resolution survey included 661 line-kilometers, which were surveyed with traverse lines flown at N12.5 degrees east, perpendicular to the orientation of the local geological structural trend, with survey flight lines spaced 25 meters apart. The area covered began near the North American Lithium mine and extended 8 kilometers westward to include several lithium targets including Augustus and Beluga on First Energy claims. Results of the survey identified key geologic boundaries and faults as well as new, untested targets identified south and southeast of the main showings, with recommendations for further work in a new untested area directly adjacent to and northwest of the main Augustus exploration target.
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About First Energy Metals Ltd.
First Energy Metals is a Canadian mineral exploration company with a primary focus on 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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