To date the Company has drilled 68 drill holes with over 15,000 metres of NQ size diamond drilling on the Property and has intercepted multiple lithium pegmatite dykes of variable lengths, widths and lateral continuity. The Company has further explored the newly discovered lithium pegmatite zones in two areas to the southeast of the Augustus Prospect which are located near the
A part of the current prospecting and sampling work included other lithium prospects on the Augustus Property which included Lac Fiedmont, Vallée prospect, and
- Outcrop #26 which is a part of the Augustus Prospect cuts 14.7 m at 1.15% Li2O (0.535% Li). There are anomalous values of other rare metals such as beryllium (Be) 181 parts per million or ppm, cesium (Cs) 41.69 ppm, niobium (Nb) 75.76 ppm, rubidium (Rb) 1,413 ppm, and tantalum (Ta) 49.33 ppm. One grab sample from Outcrop #26 returned 1.92% Li2O (0.895% Li).
- Outcrop #900 near
North American Lithium Mine (NAL) cuts 10 m at 0.52% Li2O (0.24% Li) with other rare metals including Be 139.3 ppm, Cs 74.41 ppm, Nb 57.02 ppm, Rb 1932 ppm, and Ta 37.57 ppm. Nine grab samples from this outcrop returned lithium values in the range of 0.004% to 1.18% Li2O. The Company has planned to drill this zone during the current drilling program after finishing the targeted drilling work at the main Augustus Prospect. - Four grab samples collected from Lac Fiedmont area returned low lithium values.
- Six grab samples collected from Duval Lithium prospect returned high lithium values in the range of 0.004% to 2.15% Li2O with average 1.14% Li2O. The Company will expand its exploration efforts on this higher lithium value area.
- Nineteen grab samples from Bella Prospect near NAL mine returned lithium values in the range of 0.005% to 1.26% Li2O with anomalous values of other rare metals. This zone will also be drilled during the current drilling program.
For a detailed summary of assay highlights from our surface sample program please visit https://febatterymetals.com/en/news/2023/.
ON BEHALF OF THE BOARD OF
FE BATTERY METALS CORP.
"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.
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.
SOURCE
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