FE Battery Metals provides corporate update
by CM staff
FE has been engaged in a focused and successful exploration campaign at the Augustus Lithium Project located near Val d'Or Quebec.
Figure 1 (CNW Group/First Energy Metals Limited)
VANCOUVER — FE Battery Metals Ltd., provides a corporate update as described below. Despite a brief pause in field operations due to fire restrictions, FE has been engaged in a focused and successful exploration campaign at the Augustus Lithium Project located near Val d’Or Quebec.
Work has included the discovery of new zones of lithium mineralization, a magnetic geophysical survey, diamond drilling, trenching, and positive metallurgical test work. Refer to Figure 1 for further details.
In 2023, FE Battery Metals conducted 277.2-line kilometres of detailed magnetic survey on the property. The new drone-borne survey spanned over 5.5km east to west and served to extend our 2022 magnetic coverage of the Augustus project further to the south and southeast quadrants of the property.
The survey revealed new structural anomalies that appear very similar to those observed within the main Augustus mineralized pegmatite zones. One such area, in the southeast quadrant, sits only 2.9kms from Quebec’s largest lithium mine, the North American Lithium (NAL) mine, operated by Sayona Mining and Piedmont Lithium.
In 2023, the company continued to expand its two main showings, Augustus and Beluga, through further diamond drilling as well as prospecting of showings like Bella, Outcrop 900, and Keyboycon. During this year, the company has, so far, completed 27 drill holes (LC23-42 to LC23-68) with a cumulative length of 5,124 m. Out of the 2023 drill holes, 12 holes intersected positive lithium mineralization while eight holes did not encounter significant lithium intercepts.
Some of the new drill locations appear to connect the two main lithium zones and the geologic consensus indicates that lithium bearing mineralization all sits along a structural corridor of 5.5 kilometres with a potential to extend to over seven kilometers. Seven of the completed drill hole results are still pending.
