FIRST
ENERGY METALS DRILLS 1.59 PERCENT LITHIUM OXIDE OVER 4.75 METERS IN
DRILL HOLE LC-21-20 AT AUGUSTUS LITHIUM PROPERTY
Vancouver, B.C.
(November 18,
2021) –
InvestorsHub NewsWire -- First Energy Metals
Ltd. (CSE:
FE) ("First
Energy" or the
"Company)
is pleased to announce results of drill hole LC21-20 at its
Augustus Lithium Property in Quebec, Canada. The drill hole
intersected five spodumene bearing lithium intercepts within a 91
metres wide pegmatite zone starting from 64 metres to 155 metres
drilled depth. Two of the most prominent spodumene intercepts are:
1.10 percent (%) lithium oxide (Li2O) over 4.3 metres (m) at 79.70 m and
1.59% Li2O over 4.75 m at 97.25 m drilled
depth. There are
anomalous values of other rare metals including beryllium (Be),
cesium (Cs), niobium (Nb), rubidium (Rb) and tantalum
(Ta).
Highlights (see Table 1 for details)
First
Intercept – 2m
width at 64m: Average values of lithium (Li) are 1,821.5 parts per
million (ppm) and Li2O is 0.39%. Anomalous values of other
rare metals include beryllium 149 ppm, cesium 16.25 ppm, niobium
43.15 ppm, rubidium 170 ppm, and tantalum 65.05 ppm.
Second
Intercept –
1.90m width at 72.7m: Average value of Li is 2,869 ppm and
Li2O is 0.62%. Anomalous values of other
rare metals include beryllium 12 to 83 ppm, cesium 21.5 to 45 ppm,
niobium 45.15 to 57.9 ppm, rubidium 694 to 1,340 ppm, and tantalum
138 to 185 ppm.
Third
Intercept – 4.30
m width at 79.7 m: Average value of Li is 5,104 ppm and
Li2O is 1.10%. Anomalous values of other
rare metals include beryllium 66 to 150 ppm, cesium 16.2 to 48.2
ppm, niobium 44.3 to 67.3 ppm, rubidium 134 to 1,010 ppm, and
tantalum 121 to 181 ppm.
Fourth
Intercept – 4.75
m width at 97.25 m: Average value of Li is 7,391 ppm and
Li2O is 1.59%. Anomalous values of other
rare metals include beryllium 187 to 332 ppm, cesium 40.5 to 240
ppm, niobium 67.5 to 97.5 ppm, rubidium 253 to 828 ppm, and
tantalum 122 to 264 ppm.
Fifth
Intercept – 6.50
m width at 129.50 m: Average value of Li is 3,113 ppm and
Li2O is 0.67%. Anomalous values of other
rare metals include beryllium 19 to 348 ppm, cesium 27.2 to 585
ppm, niobium 51.1 to 99.7 ppm, rubidium 193 to over 5,000 ppm, and
tantalum 66.5 to 191 ppm.
Drill hole LC21-20 was
drilled at location: 287039E, 5367814N (NAD 1983 UTM Zone 18N),
Azimuth 35.55 degrees, Dip -65 degrees with a total drilled depth
of 175 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.
"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.
