First Phosphate Corp CEO John Passalacqua joined Steve Darling from Proactive to announce the results from 29 additional drill holes at the Bégin-Lamarche project in Quebec. The company's drill program, totaling 25,929 meters, was completed ahead of schedule, with 4,557 assays received to date and 1,775 assays expected by May's end.
Passalacqua highlighted the progress, noting that 23 drill holes have been completed in the Phosphate Mountain Zone, with results from 14 holes showing grades exceeding 10% P2O5 over widths ranging from 7 to 92 meters. Notably, drill hole BL-24-67 intersected 11.85% P2O5 over 84.0 meters from a surface depth of 3.0 meters, indicating significant phosphate mineralization in the area.
Additionally, Passalacqua discussed drilling in the Southern Zone, where continuous widths of over 100 meters of phosphate mineralization have been observed. Drill hole BL-24-60 intersected 5.21% P2O5 over 194.0 meters from the surface, while drill hole BL-24-83 intersected 5.81% P2O5 over 216.1 meters, further confirming the project's potential.
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First Phosphate Corp. is a Canada-based mineral development company. The Company is engaged in extracting and purifying phosphate for the production of cathode active material for the Lithium Iron Phosphate (LFP) battery industry. It holds over 1,500 square kilometers (sq. km) of royalty-free district-scale land claims in the Saguenay-Lac-St-Jean Region of Quebec, Canada. Its properties consist of anorthosite igneous phosphate rock that generally yields high purity phosphate materially devoid of high concentrations of harmful elements. The Company's properties include Lac a l'Orignal, Begin - Lamarche, Bluesky Area, and Larouche. All the properties consist of a series of staked claims and claims acquired under various option agreements in the Saguenay-Lac-St-Jean region of Quebec. The claims are 100% owned by the Company and are free of net smelter royalties. These properties are in the exploration stage.