First Energy Metals (CSE: FE) (OTCQB: FEMFF), a publicly traded Canadian mineral exploration company, has released the results of drill hole LC21-29 at its Augustus Lithium Property. According to the announcement, the drill hole intercepted two lithium pegmatites where the top intercept is 1.18% lithium oxide (“Li2O)” over 6.12 meters at 148.48 meters drilled depth, and the lower intercept is 1.76% Li2O over 5.6 meters at 158.4 meters drilled depth. The two mineralized intercepts are 4.2 meters apart. The results showed anomalous values of other rare metals including niobium, rubidium, tantalum, beryllium and cesium. The drill hole test followed best practices with bagged and tagged samples sent to Activation Laboratories in Ontario for sample preparation and analyses; the laboratories code used for testing was Ultratrace 7. Afzaal Pirzada, a geological consultant for First Energy, was the qualified person for the purposes of National Instrument 43-101. Located in Quebec and wholly owned by FEMFF, Augustus Lithium Property is comprised of 271 mining claims covering a total area of 14,155 hectares. First Energy has as strategic work plan outlined for the property, which includes diamond drilling and metallurgical testwork. The company has gathered drill hole data for 74 historical dill holes associated with the property, with several results indicating intersections over 1% lithium oxide.
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About First Energy Metals Limited
First Energy Metals is a Canadian mineral exploration company with a primary focus of acquiring a multicommodity mineral property portfolio. The company’s goal is to identify, acquire and explore North American mineral prospects in the technology metals, precious metal and base metal sector. Its strategy is to acquire and advance projects through prospecting and early-stage exploration; source joint venture partners to finance future exploration and project development; and create shareholder value through exploration success. First Energy will continue to add to its multicommodity portfolio through organic acquisitions of new projects and opportunities with the intention of adding value and projects over time. For more information about the company, please visit www.FirstEnergyMetals.com.
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