First Energy Metals (CSE: FE) (OTCQB: FEMFF) (WKN: A2JC89) today announced its entry into an agreement to acquire two properties covering approximately 2,480 hectares approximately 175 kilometers north of Red Lake, Ontario. According to the update, the land package, named the North Spirit Lithium Project, contains two prospective claim groups located directly adjacent to Frontier Lithium’s Electric Avenue projects that include the PAK and SPARK lithium pegmatite deposits, a premium lithium jurisdiction. First Energy’s project is located within a region that plays host to a traceable, crustal scale structure for over 400km from Ontario through Manitoba, which is associated with the emplacement of peraluminous fertile granites and spodumene-rich lithium bearing pegmatites. The Ontario Geologic Survey originally discovered the PAK Lithium pegmatite occurrence in the early 1990s, and work in the surrounding area continues to uncover additional lithium bearing pegmatite. The SPARK pegmatite was recently discovered in 2018 and, along with the PAK and newer discoveries since then, the area was deemed the “Electric Avenue” because it contains some of North America’s highest-grade lithium-bearing pegmatites.
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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. Its goal is to identify, acquire and explore North American mineral prospects in the precious metal, base metal and industrial metals sector. The company’s 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, visit www.FirstEnergyMetals.com.
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