FE Battery Metals Corp. (CSE: FE) (OTCQB: FEMFF) (WKN: A2JC89) announced drilling results from Hole LC23-50 from its flagship Augustus Lithium Property in Quebec on Monday.
At a drilled depth of 82.4 meters, drill hole LC23-50 intercepted several zones of lithium mineralization, one of which was a 17.45-meter-wide section containing 1.19 per cent lithium oxide.
“With Quebec now a hard rock lithium hotspot, this is a significant milestone for our company. We look forward to further unlocking the potential of Augustus, which is located just a few kilometres from the now-operational North American Lithium Mine,” said Gurminder Sangha, CEO and director.
The company cored the new drill hole to test the eastward extension of LC21-16. It had previously yielded 1.17 per cent of lithium oxide over 19 meters at a depth of 126 meters. The results of the hole give the company a deeper understanding of the geometry of one of the main higher-grade lithium pegmatite zone. In mining, pegmatite is a type of rock that is commonly associated with the formation of valuable minerals such as lithium, tantalum, and cesium. FE Battery Metals is now planning follow-up drilling and 3D modelling of the lithium-bearing rock.
At a drilled depth of 82.4 meters, Hole LC23-50 intercepted the main lithium pegmatite zone (pegmatite intercept 4), which is 17.45 meters wide and has an average of 5,558 parts per million (ppm) lithium (Li) or 1.19 per cent Li2O, as well as anomalous values of beryllium (Be), cesium (Cs), niobium (Nb), and tantalum (Ta).
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FE Battery Metals intersects eight pegmatite intercepts
Drill Hole LC23-50 intersected eight lithium pegmatite intercepts:
- Pegmatite intercept 1 with average 1,915 ppm Li or 0.41 per cent Li2O over 1.77 meters at 11.23 meters drilled depth.
- Pegmatite intercept 2 with average 1,610 ppm Li or 0.35 per cent Li2O over 2 meters at 25 meters drilled depth.
- Pegmatite intercept 3 is a low-grade zone with average 917 ppm Li or 0.20 per cent Li2O over 4.4 meters at 31 meters drilled depth.
- Pegmatite intercept 4 with average 5,558 ppm Li or 1.19 per cent Li2O over 17.45 meters at 82.85 meters drilled depth.
- Pegmatite intercept 5 with average 5,099 ppm Li or 1.10 per cent Li2O over 10 meters at 106 meters drilled depth. This intercept also has a 1.67 meters section with 1,700 ppm cesium and 2,030 ppm chromium. Rubidium in two sections is over 5,000 ppm which is above the method detection limits.
- Pegmatite intercept 6 with average 6,625 ppm Li or 1.42 per cent Li2O over 2 meters at 180 meters drilled depth.
- Pegmatite intercept 7 is a low-grade zone with average 244 ppm Li or 0.05 per cent Li2O over 4 meters at 194 meters drilled depth.
- Pegmatite intercept 8 with average 3,146 ppm Li or 0.68 per cent Li2O over 8.5 meters at 210 meters drilled depth.
- All pegmatites have anomalous values of other rare metals.
- All intersections reported are based on drilled width and have not been converted to the true width.
The logging and sampling of drill core are conducted at the core shack, where a rock saw is used for the cutting. This core shack is situated in the village of St-Dominique du Rosaire, located approximately 50 kilometers away from the property. Here, the drill core is logged, samples are prepared, and storage is provided. To ensure quality control and quality assurance (QA/QC), industry-standard field duplicates, standards, and blanks are included at regular intervals.
After the samples are prepared, they are bagged and tagged using the best practices. The samples are then transported to Activation Laboratories (ACTLABS), which is an independent commercial, accredited ISO Certified Laboratory located in Ancaster, Ontario. Here, sample preparation and analyses are conducted using laboratory code Ultratrace 7 and sodium peroxide fusion (Na2O2). It is worth noting that ACTLABS is an independent commercial laboratory that is certified and accredited.
FE Battery Metals shares rose 26.9 per cent today and are presently trading at $0.85 on the Canadian Securities Exchange.
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