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Gold/Mining/Energy : Mining News of Note

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To: LoneClone who wrote (170719)3/17/2023 3:39:22 PM
From: LoneClone  Read Replies (1) of 194000
 
FE BATTERY METALS DRILLS 1.07 PERCENT LITHIUM OXIDE OVER 6.9 METERS AT AUGUSTUS LITHIUM PROPERTY

newswire.ca

First Energy Metals Limited Mar 13, 2023, 09:00 ET

VANCOUVER, BC, March 13, 2023 /CNW/ - FE Battery Metals Corp. (CSE: FE) (OTCQB: FEMFF) (WKN: A2JC89) ("FE Battery Metals" or the "Company) is pleased to announce results of Drill Holes LC23-43 and LC23-44 from the 2023 exploratory drill program at its Augustus Lithium Property in Quebec, Canada. The drill hole LC23-44 intersected 6.9-metre-wide pegmatite at 1.07 percent lithium oxide (Li2O) at 98.5 m drilled depth, and LC23-43 intersected multiple lithium pegmatites with varying widths and grades (see Tables 1 and 2 for details).


Highlights
  • The main lithium pegmatite zone in Hole LC23-44 is 6.9 m wide with average 4,977.50 parts per million (ppm) lithium (Li) or 1.07% Li2O at 98.5 m drilled depth. In addition, there are anomalous values of other rare metals in this section with an average of 185.13 parts per million beryllium (Be), 222.53 ppm cesium (Cs), 46.50 ppm niobium (Nb), 1,011.43 ppm rubidium (Rb) and 90.05 ppm tantalum (Ta).
  • Drill Hole LC23-43 intersected four main lithium pegmatites as follows (Table 2):
  • Pegmatite 1 with average 1,950.60 ppm Li or 0.42% Li2O over 5 meters at 152 m drilled depth.
  • Pegmatite 2 with average 1,870.71 ppm Li or 0.40% Li2O over 6 meters at 169 m drilled depth.
  • Pegmatite 3 with average 665.50 ppm Li or 0.14% Li2O over 3 meters at 196 m drilled depth.
  • Pegmatite 4 with average 536 ppm Li or 0.12% Li2O over 3 meters at 249 m drilled depth.
  • All pegmatites have anomalous values of other rare metals.
  • Drill hole LC23-43 was drilled at location 5367916 N, 287279E, UTM NAD 1983 Zone 18N, at azimuth 219.7 degrees and dip -47.3 with a drilled depth of 252 m. The drill hole was placed at the main Augustus zone.
  • Drill hole LC23-44 was drilled at location 5367892N, 287156E, UTM NAD 1983 Zone 18N, at azimuth 227.2 degrees and dip -56.7 with a drilled depth of 196 m. The drill hole was placed at the main Augustus zone.


  • The drill core is logged and sampled at the core shack using a rock saw. For quality control and quality assurance (QA/QC), field duplicates, standards and blanks are being 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 laboratory code Ultratrace 7 and sodium peroxide fusion (Na2O2) as summarized below. ACTLABS is an independent commercial, accredited ISO Certified Laboratory.


    Code Ultratrace 7 – Peroxide Fusion – ICP and ICP/MS 460, 526
    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 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 (10-20) fused certified reference material 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. Source: c212.net

    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.


    About FE Battery Metals Corp
    FE Battery Metals Corp is focused on identifying, exploring and advancing early-stage lithium pegmatite projects in Canada. The Company's primary efforts have been on exploration projects located in Quebec, with its flagship property being the Augustus Lithium Property. Augustus is located in the immediate vicinity of Val d'Or, Quebec where several historical prospects and a previously active lithium mine is located within a 10km radius of the property. North American Lithium mine (NAL) and the Authier Project are two notable projects in the area that highlight the potential of the Augustus Lithium Property.

    ON BEHALF OF THE BOARD OF
    FE BATTERY METALS CORP.

    "Gurminder Sangha"
    Gurminder Sangha
    CEO & Director

    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.

    Table 1: Drill Hole LC23-44 Sample assays highlights




    Analyte Symbol

    Depth
    From

    Depth
    To

    Total

    Li

    Li2O

    Be

    Cs

    Fe

    Nb

    Rb

    Ta

    Unit Symbol

    m

    m

    m

    ppm

    %

    ppm

    ppm

    %

    ppm

    ppm

    ppm

    Detection Limit




    15


    3

    0.1

    0.05

    2.4

    0.4

    0.2

    Analysis
    Method




    FUS-MS-Na2O2

    1158052

    97.5

    98.5

    1

    443

    0.10

    14

    281

    6.75

    2.8

    640

    1

    1158053

    98.5

    99.5

    1

    940

    0.20

    297

    249

    0.91

    62.2

    1420

    115

    1158054

    99.5

    100.5

    1

    6840

    1.47

    300

    77.1

    0.33

    47.7

    1270

    70

    1158055

    100.5

    101.59

    1.09

    7150

    1.54

    172

    46.8

    1.04

    52.7

    507

    81.3

    1158056

    101.59

    102.11

    0.52

    4740

    1.02

    60

    1170

    5.41

    18

    > 5000

    41.1

    1158057

    102.11

    103

    0.89

    6980

    1.50

    206

    67.4

    0.42

    59

    1710

    124

    1158058

    103

    104

    1

    6940

    1.49

    174

    59

    0.21

    58.1

    1320

    118

    1158059

    104

    104.4

    0.4

    4730

    1.02

    263

    43.8

    0.89

    63.7

    460

    153

    1158061

    104.4

    105.4

    1

    1500

    0.32

    9

    67.1

    4.45

    10.6

    393

    18

    Total /
    Average


    98.50

    105.40

    6.90

    4,977.50

    1.07

    185.13

    222.53

    1.71

    46.50

    1,011.43

    90.05

    1158062

    159.66

    160.17

    0.51

    822

    0.18

    18

    139

    5.06

    7.9

    580

    2

    1158063

    160.17

    161

    0.83

    293

    0.06

    295

    65.3

    1.04

    113.4

    339

    69.2

    1158064

    161

    162

    1

    273

    0.06

    246

    33.4

    0.81

    66.3

    317

    52.3

    1158065

    162

    162.5

    0.5

    925

    0.20

    119

    176

    5.3

    11.5

    785

    2.4







    Note: A standard conversion factor of 2.15 was used to report Li to Li2O values

    All intersections reported are based on drilled width and have not been converted to the true width.




    Table 2: Drill Hole LC23-43 Sample assays highlights




    Analyte Symbol

    Depth
    From

    Depth
    To

    Total

    Li

    Li2O

    Be

    Cs

    Fe

    Nb

    Rb

    Ta

    Unit Symbol

    m

    m

    m

    ppm

    %

    ppm

    ppm

    %

    ppm

    ppm

    ppm

    Detection Limit




    15


    3

    0.1

    0.05

    2.4

    0.4

    0.2

    Analysis Method




    FUS-Na2O2

    1158027

    133

    134

    1

    1130

    0.24

    50

    253

    4.5

    17.5

    765

    28.6

    1158028

    145

    146

    1

    1070

    0.23

    73

    791

    3.91

    12.3

    2020

    13.6

    1158029

    146

    147

    1

    403

    0.09

    240

    119

    1.79

    33

    281

    53

    Pegmatite 1

    1158031

    152

    153

    1

    2190

    0.47

    24

    267

    5.36

    10.1

    554

    4.6

    1158032

    153

    154

    1

    3450

    0.74

    98

    66.5

    0.71

    94.4

    2050

    49.8

    1158033

    154

    155

    1

    1320

    0.28

    182

    39.7

    0.41

    112.5

    1070

    59.4

    1158034

    155

    155.73

    0.73

    793

    0.17

    92

    26.1

    1.12

    120.6

    746

    80.3

    1158035

    155.73

    157

    1.27

    2000

    0.43

    5

    249

    5.79

    7.3

    421

    1

    Total / Average

    152.00

    157.00

    5.00

    1,950.60

    0.42

    80.20

    129.66

    2.68

    68.98

    968.20

    39.02

    Pegmatite 2

    1158036

    169

    170

    1

    1380

    0.30

    < 3

    55.9

    4.46

    7.7

    329

    2.8

    1158037

    170

    170.7

    0.7

    741

    0.16

    99

    29.3

    0.53

    79.4

    1260

    36

    1158038

    170.7

    171.3

    0.6

    454

    0.10

    4

    36.2

    1.85

    8.6

    277

    1.1

    1158039

    171.3

    172.2

    0.9

    1540

    0.33

    23

    193

    3.16

    7.7

    826

    4.5

    1158041

    172.2

    173

    0.8

    3460

    0.74

    156

    228

    1.37

    63.1

    988

    79

    1158042

    173

    174

    1

    3220

    0.69

    165

    1020

    5.68

    45.9

    3910

    16

    1158043

    174

    175

    1

    2300

    0.49

    70

    500

    4.38

    52.8

    2400

    21.4

    Total / Average

    169.00

    175.00

    6.00

    1,870.71

    0.40

    86.17

    294.63

    3.06

    37.89

    1,427.14

    22.97

    Pegmatite 3

    1158044

    196

    196.5

    0.5

    1040

    0.22

    24

    189

    6.02

    18.4

    596

    3

    1158045

    196.5

    197.2

    0.7

    818

    0.18

    71

    139

    1.71

    50

    510

    19.9

    1158046

    197.2

    198

    0.8

    224

    0.05

    62

    47.7

    2.12

    11

    155

    7

    1158047

    198

    199

    1

    580

    0.12

    16

    82.5

    5.12

    8.9

    278

    2.3

    Total / Average

    196.00

    199.00

    3.00

    665.50

    0.14

    43.25

    114.55

    3.74

    22.08

    384.75

    8.05

    Pegmatite 4

    1158048

    249

    249.68

    0.68

    872

    0.19

    10

    166

    1.92

    11

    965

    5

    1158049

    249.68

    251.07

    1.39

    52

    0.01

    24

    30.1

    0.37

    97.2

    1740

    50

    1158051

    251.07

    252

    0.93

    684

    0.15

    86

    149

    1.84

    39

    1500

    42.5

    Total / Average

    249.00

    252.00

    3.00

    536.00

    0.12

    40.00

    115.03

    1.38

    49.07

    1,401.67

    32.50







    Note: A standard conversion factor of 2.15 was used to report Li to Li2O values

    All intersections reported are based on drilled width and have not been converted to the true width.




    SOURCE First Energy Metals Limited

    For further information: please contact the Company at: gsangha@febatterymetals.com or (604) 375-6005


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