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First Energy Metals Ltd (2)
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First Energy samples four m of 1.2% Li2O at Augustus

2021-05-04 06:19 ET - News Release

Mr. Gurminder Sangha reports

FIRST ENERGY METALS CUTS 1.20 PERCENT LITHIUM OXIDE OVER 4 METERS IN CHANNEL SAMPLES FROM AUGUSTUS LITHIUM PROPERTY

First Energy Metals Ltd. has released more assay 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-metre-wide section with an average of 0.37 per cent lithium oxide (Li2O), which includes four metres of spodumene pegmatite at 1.20 per cent Li2O. The pegmatite is still continuous along width to the north where three individual samples each one m width assayed 0.06 per cent to 2.25 per cent Li2O. Iron content in samples is less than 1 per cent, 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 the associated table for details):

  • Lithium oxide (Li2O) values are in the range of 0.03 per cent to 2.13 per cent with an average of 0.34 per cent Li2O, including a section with 1.20 per cent Li2O over four m.
  • Lithium (Li) values are in the range of 120 parts per million to 9,999 ppm (0.99 per cent) with an average of 1,724.81 ppm, including a four m section having an average of 5,602.25 ppm (0.56 per cent 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 ppm.
  • 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 per cent to 0.88 per cent with an average of 0.53 per cent.
  • 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 to 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 1950s, and to support the continuing 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, chief executive officer 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 a one-metre-long, five-centimetre-wide and three-to-five-centimetre-deep cut in bedrock. The samples were bagged and tagged using best practices and were delivered to Activation Laboratories, Ancaster, Ont., for sample preparation and analyses using laboratory code Ultratrace 7 as summarized below. ActLabs is an independent commercial, accredited International Organization for Standardization-certified laboratory.

Code Ultratrace 7 -- peroxide fusion -- ICP (inductively coupled plasma) and ICP/MS (inductively coupled plasma mass spectrometry)

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 (inductively coupled plasma optical emission spectroscopy) 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 to 20) fused certified reference materials 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.

Afzaal Pirzada, PGeo, 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 a 100-per-cent interest in the Augustus lithium property in Landrienne and Lacorne townships in 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 of which 6,024 metres of drilling were completed on the property during 1950s. Several drill hole results indicated intersections over 1 per cent lithium oxide. All these data will help in the current exploratory drill program and building a database for NI 43-101 resource estimation.

About First Energy Metals Ltd.

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.

                                              SAMPLE ASSAY HIGHLIGHTS
  
Analyte symbol    Sample length            Li       Li2O     Be        Ce      Cs     Fe      Nb         Rb       Ta
Unit symbol               metre           ppm          %    ppm       ppm     ppm      %     ppm        ppm      ppm
Detection limit                             3       0.01      3       0.8     0.1   0.05     2.4        0.4      0.2
Analysis method                  FUS-MS-Na2O2  FUS-Na2O2                                                FUS-MS-Na2O2

Sample ID                                                                                Beluga channel 2E south end
95683                         1           190       0.04    295       3.5    71.9    0.5   136.9      1,760      128
95684                         1           134       0.03    169       3.3      37   0.42    72.1        816     74.1
95685                         1           257       0.06    395       2.1     108   0.52    65.3      2,830     43.1
95686                         1           194       0.04    187       3.3    54.8   0.48    97.6      1,370     56.1
95687                         1         1,020       0.22    354       2.5    77.2   0.49    81.6      1,770     41.1
95688                         1         3,920       0.84    267       1.9    97.2   0.67    67.2      2,390     71.3
                                                                less than
95689                         1           288       0.06    327       0.8     120   0.55      33      3,480     24.4
95690                         1         3,680       0.79    274       1.1    86.9   0.65      48      2,440     27.4
95691                         1         6,480       1.39    381       1.1    77.3   0.88    33.7      1,770     22.9
95692                         1         1,390       0.30    494       0.9    86.9   0.74    46.1      1,840     28.7
95693                         1         2,090       0.45    228       3.1    57.7   0.57    94.6      1,250     79.3
95694                         1         1,060       0.23    211       2.9    95.5    0.6    68.1      2,950     43.1
95695                         1           316       0.07    305       1.9     104   0.65      69      2,890     33.2
95696                         1           370       0.08    305       3.1    94.1   0.72    59.4      2,490     22.5
95697                         1           127       0.03    105       1.6    50.4   0.37    59.1      1,640     77.1
95698                         1           125       0.03    138       2.4    65.8   0.34    53.3      2,160     44.4
95699                         1           242       0.05    167       2.5      55   0.33    54.7      1,760     45.7
95700                         1           189       0.04    259       6.3    24.5   0.37   111.1        403     52.1
95701                         1           408       0.09    201         4    47.5   0.46    94.1      1,240     77.1
95702                         1           190       0.04    186       2.1      33   0.43    76.5        832     65.8
95703                         1           120       0.03    184       2.5    58.9   0.35    55.1      1,860     58.8
95704                         1           274       0.06    222       1.6    94.6   0.56    57.2      2,930     26.4
95705                         1           272       0.06    410       1.8     102   0.47   102.8      2,270      116
95706                         1         2,160       0.46    552       0.9      91   0.58    90.4      1,720     89.6
95707                         1         8,510       1.83    192       1.2    72.4   0.73    91.9      1,880     80.3
95708                         1         9,999       2.13    134       2.9    43.9   0.62    83.1      1,110     70.5
95709                         1         1,740       0.37    274       1.5    67.7   0.46    70.9      1,530     63.2
including                   4 m      5,602.25       1.20
95710                         1           198       0.04    271       1.6    71.1   0.41    96.7      1,830      124
95711                         1         2,170       0.47    164       1.6    62.3   0.36    79.5      1,790      110
95712                         1         4,460       0.96    225         2    74.9   0.66    85.2      2,240     69.6
95713                         1           896       0.19    209       1.8      86    0.6      87      2,790     61.3
average/total             31.00      1,724.81       0.37  260.8    1 2.30   73.21   0.53   74.88   1,936.48    62.16
                                                                                         Beluga channel 2E north end
95748                         1        10,500       2.25  1,030       1.6     113   0.74      91      1,400     95.7
95749                         1         7,650       1.64    205         2    51.6   0.62    65.3      1,050     57.4
95750                         1           260       0.06    285       1.3    73.9    0.4   104.2      1,740      107
average                              6,136.67       1.32  506.6    7 1.63   79.50   0.59   86.83   1,396.67    86.70

Note 
A standard conversion factor of 2.15 was used to convert Li to Li2O values.
 

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