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Gold/Mining/Energy : Lithium
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From: Condor7/29/2009 7:41:39 PM
   of 1146
 
First Lithium report recommends Godslith drilling

First Lithium Resources Inc (C:MCI)
Shares Issued 29,485,339
Last Close 7/29/2009 $0.085
Wednesday July 29 2009 - News Release

Mr. Craig Naughty reports

FIRST LITHIUM RECEIVES NI 43-101 TECHNICAL REPORT ON GODSLITH LITHIUM PROPERTY

First Lithium Resources Inc. has received the National Instrument 43-101-compliant technical report produced by Mark Fedikow of Mount Morgan Resources Ltd. for its Godslith lithium-bearing pegmatite project in the Gods River area of northern Manitoba. The 70-page report, which will be made available on SEDAR shortly, details the geological setting of its lithium-bearing pegmatite and reviews the historical exploration results by Inco between 1958 to 1961 that indicated a non-National Instrument 43-101-compliant historical resource of 4.8 million tons of 1.27 per cent Li2O over 36.2 feet using a cut-off grade of 0.70 per cent Li2O. Probable resources have been estimated to be 4.6 million tons grading 1.14 per cent Li2O. The technical report also provides recommendations to First Lithium for future exploration work and includes an initial program of prospecting and geological mapping on its pending mineral exploration licence (395A) followed by soil geochemical surveys designed to assess the area for additional pegmatite dikes and base and precious metals. A diamond drill program has also been recommended for the purpose of extending the lithium-bearing pegmatite on the Godslith property to depths below those indicated by the historical Inco drilling. A multicommodity assay program for drill core will accompany the drill program.

A qualified person has not done sufficient work to classify the historical estimate as current mineral resources, the issuer is not treating the historical estimate as current mineral resources and the historical estimate should not be relied upon.

First Lithium has also completed an initial engagement meeting with the Manto Sipi Cree Nation at Gods River, Man., and established parameters for a working relationship with the community.

? 2009 Canjex Publishing Ltd.
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