FE Battery Metals Ltd. (CSE: FE) (OTCQB: FEMFF) discovered discovered lithium-bearing pegmatites in a previously unexplored area of its main Augustus project in Quebec.
On Tuesday, the company announced drill results from its 2023 exploratory drill program at its Augustus Lithium Property in Quebec. The new area rests in the prospective structural corridor interpreted by the Quebec Geological survey as possessing similar potential for mineralization as the North American Lithium Mine geology.
Drill hole LC23-60 intersected two lithium pegmatites as follows:
- The upper pegmatite intersected 2.75 metres wide zone with average 2810 parts per million (ppm) lithium (Li) or 0.60 lithium oxide (Li2O) at 78 metres drilled depth; including one-metre-wide zone with 1.34 Li2O at 78.75 metres depth. There are highly anomalous values of other rare metals in this section with average 140.67 parts per million beryllium (Be), 53.94 ppm cesium (Cs), 59.20 ppm niobium (Nb), 1,033.33 ppm rubidium (Rb) and 72.23 ppm tantalum (Ta).
- At 87.1 metre and 2 metres wide pegmatite averaged 5190 ppm Li or 1.12 Li2O; which included a one-metre-wide zone with 1.51 Li2O at 88.1 metres depth. Anomalous values of other rare metals in this section with average 177.50 ppm Be, 46.15 ppm Cs, 85.60 ppm niobium (Nb), 1,550 ppm Rb and 79.65 ppm Ta.
- A few other pegmatite intercepts are with over 500 ppm Li.
New pegmatite zones for FE Battery Metals. Image via FE Battery Metals.
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Core drilling process means logging and sampling
FE Battery Metals is a Vancouver-based lithium junior explorer.
Thus far, the property has witnessed the completion of 61 drill holes, amounting to a cumulative core drilling distance exceeding 12,000 meters. The core drilling process entails logging and sampling the drill core at the core shack, utilizing a rock saw.
To ensure rigorous quality control and quality assurance (QA/QC) measures, field duplicates, standards, and blanks are regularly incorporated at industry-standard intervals.
“These holes were strategically placed to test for the continuity of lithium pegmatites between our two main prospects. Based on our work, our pegmatites occurrences appear to be a along-strike extension of the North American Lithium Mine (NAL) located to the east of our Augustus property,” said Gurminda Sangha, CEO of FE Battery Metals.
“These encouraging results reinforce our confidence in the lithium potential of our Augustus Lithium project. We remain committed to advancing our exploration efforts within this promising corridor.”
Shares of FE Battery Metals rose 3.2 per cent to $0.65 on the Canadian Securities Exchange on Tuesday.
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