News
FE Battery Metals Cuts 1.15 Percent Lithium Oxide Over 14.7 Meters In Channel Samples From Augustus Lithium Property
Vancouver, B.C. (August 21, 2023) – FE Battery Metals Ltd. CSE: FE) (OTCQB: FEMFF) (WKN: A2JC89) (“FE Battery Metals” or the “Company) is pleased to announce that it has successfully exposed a part of the main Augustus Prospect lithium pegmatite system through stripping and channel sampling.. Outcrop #26 was discovered on the east side of main Augustus Prospect area where a lithium rich pegmatite cuts 14.7 metres at 1.15 percent lithium oxide (Li2O). The main Augustus pegmatite is mainly a blind lithium deposit with very few surface exposures. This newly exposed Outcrop #26 will help the Company to understand geology, structure and trend of the main potential deposit area to develop further drill targets. The Company has to date 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 North American Lithium Mine (see Company’s news release dated August 15, 2023).
A part of the current prospecting and sampling work included other lithium prospects on the Augustus Property which included Lac Fiedmont, Vallée prospect, and Duval lithium with an aim to find more exploration targets for future work.
Photo: A view of Outcrop #26 with drill rig
Highlights (see Table 1 and Figure 1 for details):
- 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.
Afzaal Pirzada, P.Geo., Geological Consultant of the Company, and a “Qualified Person” for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release.
ON BEHALF OF THE BOARD OF
FE BATTERY METALS CORP.
“Gurminder Sangha”
Gurminder Sangha
CEO & Director
For further information, please contact the Company at [email protected] or (604) 375-6005
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.
Forward-looking Information
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.
Table 1: Drill Hole LC23-60 Sample assays highlights
Figure 1: Augustus potential deposit area with channel samples (NAL Mine to the SE)
Table 1: Sample assays highlights
| Analyte Symbol | Location | Prospect / Deposit ID | Sample | Width | Li | Li2O | Be | Cs | Fe | Nb | Rb | Ta |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Unit Symbol | NAD 1983 | Type | m | ppm | % | ppm | ppm | % | ppm | ppm | ppm | |
| Detection Limit | Zone 18N | 15 | 3.00 | 0.10 | 0.05 | 2.40 | 0.40 | 0.20 | ||||
| Analysis Method | FUS-Na2O2 | |||||||||||
| 1160831 | 18 U 287729 5367431 | Augustus channels outcrop # 26 | Channel | 1 | 943 | 0.20 | 152.00 | 38.60 | 0.53 | 56.50 | 1,530.00 | 39.60 |
| 1160832 | 18 U 287730 5367430 | Augustus channels outcrop # 26 | Channel | 1 | 675 | 0.15 | 163.00 | 36.30 | 0.46 | 85.60 | 1,570.00 | 69.10 |
| 1160833 | 18 U 287730 5367429 | Augustus channels outcrop # 26 | Channel | 1 | 3,030 | 0.65 | 210.00 | 37.50 | 0.87 | 87.40 | 1,280.00 | 60.30 |
| 1160834 | 18 U 287731 5367429 | Augustus channels outcrop # 26 | Channel | 1 | 3,760 | 0.81 | 160.00 | 32.70 | 0.67 | 80.80 | 1,200.00 | 35.20 |
| 1160835 | 18 U 287731 5367428 | Augustus channels outcrop # 26 | Channel | 1 | 2,760 | 0.59 | 126.00 | 38.00 | 0.47 | 76.10 | 1,360.00 | 54.90 |
| 1160836 | 18 U 287732 5367427 | Augustus channels outcrop # 26 | Channel | 1 | 5,770 | 1.24 | 199.00 | 57.20 | 0.87 | 81.10 | 1,700.00 | 76.50 |
| 1160837 | 18 U 287733 5367426 | Augustus channels outcrop # 26 | Channel | 1 | 6,780 | 1.46 | 181.00 | 46.70 | 0.60 | 87.20 | 1,430.00 | 50.20 |
| 1160838 | 18 U 287733 5367425 | Augustus channels outcrop # 26 | Channel | 1 | 6,090 | 1.31 | 201.00 | 48.30 | 0.56 | 76.50 | 1,610.00 | 41.70 |
| 1160839 | 18 U 287734 5367424 | Augustus channels outcrop # 26 | Channel | 1 | 5,990 | 1.29 | 156.00 | 33.30 | 0.99 | 85.00 | 1,260.00 | 40.50 |
| 1160840 | 18 U 287734 5367423 | Augustus channels outcrop # 26 | Channel | 1 | 7,860 | 1.69 | 218.00 | 34.60 | 0.55 | 92.70 | 1,270.00 | 55.80 |
| 1160841 | 18 U 287734 5367422 | Augustus channels outcrop # 26 | Channel | 1 | 5,390 | 1.16 | 204.00 | 41.90 | 0.52 | 69.70 | 1,330.00 | 45.00 |
| 1160842 | 18 U 287733 5367422 | Augustus channels outcrop # 26 | Channel | 1 | 3,740 | 0.80 | 172.00 | 35.70 | 0.82 | 61.60 | 1,230.00 | 43.20 |
| 1160843 | 18 U 287733 5367419 | Augustus channels outcrop # 26 | Channel | 1 | 8,290 | 1.78 | 192.00 | 42.00 | 0.50 | 72.90 | 1,390.00 | 38.70 |
| 1160844 | 18 U 287735 5367419 | Augustus channels outcrop # 26 | Channel | 0.8 | 8,810 | 1.89 | 229.00 | 40.00 | 0.53 | 51.40 | 1,050.00 | 29.90 |
| 1160845 | 18 U 287735 5367418 | Augustus channels outcrop # 26 | Channel | 0.5 | 9,510 | 2.04 | 164.00 | 44.00 | 0.91 | 82.50 | 1,080.00 | 59.80 |
| 1160846 | 18 U 287732 5367421 | Augustus channels outcrop # 26 | Channel | 0.4 | 6,130 | 1.32 | 169.00 | 60.20 | 0.51 | 65.20 | 2,320.00 | 48.90 |
| Augustus Outcrop #26 Total Width / Average | 14.7 | 5,346 | 1.15 | 181.00 | 41.69 | 0.65 | 75.76 | 1,413.13 | 49.33 | |||
| 1160821 | 18 U 289316 5366326 | NAL Channels outcrop # 900 | Channel | 1 | 965 | 0.21 | 12.00 | 100.00 | 2.71 | 11.30 | 732.00 | 3.50 |
| 1160822 | 18 U 289316 5366326 | NAL Channels outcrop # 901 | Channel | 1 | 3,090 | 0.66 | 189.00 | 57.10 | 0.59 | 70.40 | 1,670.00 | 49.30 |
| 1160823 | 18 U 289315 5366325 | NAL Channels outcrop # 902 | Channel | 1 | 3,090 | 0.66 | 153.00 | 69.10 | 0.53 | 73.00 | 2,590.00 | 50.10 |
| 1160824 | 18 U 289329 5366313 | NAL Channels outcrop # 903 | Channel | 1 | 1,060 | 0.23 | 17.00 | 151.00 | 3.09 | 12.20 | 1,000.00 | 5.70 |
| 1160825 | 18 U 289328 5366312 | NAL Channels outcrop # 904 | Channel | 1 | 5,480 | 1.18 | 206.00 | 54.30 | 0.65 | 72.00 | 1,680.00 | 60.90 |
| 1160826 | 18 U 289327 5366312 | NAL Channels outcrop # 905 | Channel | 1 | 1,160 | 0.25 | 109.00 | 75.00 | 0.35 | 50.10 | 3,140.00 | 38.20 |
| 1160827 | 18 U 289336 5366306 | NAL Channels outcrop # 906 | Channel | 1 | 2,510 | 0.54 | 147.00 | 63.60 | 0.91 | 58.60 | 2,430.00 | 39.70 |
| 1160828 | 18 U 289342 5366300 | NAL Channels outcrop # 907 | Channel | 1 | 2,970 | 0.64 | 198.00 | 37.90 | 0.62 | 77.10 | 1,300.00 | 42.40 |
| 1160829 | 18 U 289352 5366289 | NAL Channels outcrop # 908 | Channel | 1 | 2,530 | 0.54 | 150.00 | 58.40 | 0.58 | 80.30 | 2,100.00 | 41.70 |
| 1160830 | 18 U 289296 5366346 | NAL Channels outcrop # 909 | Channel | 1 | 1,260 | 0.27 | 212.00 | 77.70 | 0.85 | 65.20 | 2,680.00 | 44.20 |
| NAL Outcrop #900 Total Width/Average | 10 | 2,412 | 0.52 | 139.30 | 74.41 | 1.09 | 57.02 | 1,932.20 | 37.57 | |||
| Grab Samples | ||||||||||||
| 1160847 | 18 U 287736 5367428 | Augustus Grab sample outcrop # 26 | Grab sample | 8,950 | 1.92 | 76.00 | 38.20 | 0.65 | 72.00 | 1,280.00 | 28.10 | |
| 1160775 | 18 U 298801 5357353 | Lac Fiedmont | Grab sample | 19 | 0.00 | < 3 | 96.80 | 0.37 | 13.00 | 1,580.00 | 3.70 | |
| 1160776 | 18 U 298801 5357353 | Lac Fiedmont | Grab sample | 18 | 0.00 | 4.00 | 72.10 | 0.31 | 39.60 | 2,080.00 | 7.50 | |
| 1160777 | 18 U 298955 5357390 | Lac Fiedmont | Grab sample | < 15 | NA | 9.00 | 9.20 | 0.48 | 54.60 | 292.00 | 12.10 | |
| 1160778 | 18 U 297129 5358562 | Lac Fiedmont | Grab sample | < 15 | NA | < 3 | 9.80 | 0.86 | < 2.4 | 236.00 | 0.30 | |
| 1160786 | 17 U 714483 5362224 | Vallée Base metals iron formation | Grab sample | 45 | 0.01 | 248.00 | 117.00 | 0.41 | 78.30 | 1,650.00 | 45.50 | |
| 1160787 | 17 U 714402 5362259 | Duval Lithium | Grab sample | 20 | 0.00 | 114.00 | 38.10 | 0.34 | 78.60 | 685.00 | 66.90 | |
| 1160788 | 17 U 714228 5362311 | Duval Lithium | Grab sample | 8,080 | 1.74 | 163.00 | 122.00 | 0.51 | 64.90 | 1,290.00 | 77.50 | |
| 1160789 | 17 U 714293 5362284 | Duval Lithium | Grab sample | 6,210 | 1.34 | 67.00 | 106.00 | 0.39 | 66.80 | 2,020.00 | 105.00 | |
| 1160790 | 17 U 714293 5362282 | Duval Lithium | Grab sample | 3,170 | 0.68 | 181.00 | 133.00 | 0.46 | 72.50 | 1,780.00 | 97.10 | |
| 1160791 | 17 U 714292 5362287 | Duval Lithium | Grab sample | 4,240 | 0.91 | 249.00 | 184.00 | 0.34 | 119.20 | 2,610.00 | 307.00 | |
| 1160792 | 17 U 714304 5362288 | Duval Lithium | Grab sample | 10,000 | 2.15 | 1700.00 | 410.00 | 0.48 | 78.40 | 1,010.00 | 239.00 | |
| 1160793 | 18 U 289235 5366289 | NAL Outcrop # 900 area | Grab sample | 173 | 0.04 | 276.00 | 42.40 | 0.48 | 85.30 | 893.00 | 43.00 | |
| 1160794 | 18 U 289254 5366282 | NAL Outcrop # 900 area | Grab sample | 72 | 0.02 | 246.00 | 69.70 | 0.43 | 63.60 | 2,010.00 | 44.60 | |
| 1160795 | 18 U 289270 5366312 | NAL Outcrop # 900 area | Grab sample | 18 | 0.00 | 13.00 | 39.80 | 0.31 | 75.50 | 1,810.00 | 41.80 | |
| 1160796 | 18 U 289296 5366347 | NAL Outcrop # 900 area | Grab sample | 35 | 0.01 | 187.00 | 48.20 | 0.30 | 94.20 | 1,710.00 | 57.60 | |
| 1160797 | 18 U 289313 5366325 | NAL Outcrop # 900 area | Grab sample | 5,480 | 1.18 | 194.00 | 50.80 | 0.71 | 52.40 | 1,400.00 | 49.50 | |
| 1160798 | 18 U 289550 5365975 | NAL Outcrop # 900 area | Grab sample | 714 | 0.15 | 93.00 | 50.40 | 0.42 | 137.90 | 1,910.00 | 109.00 | |
| 1160799 | 18 U 289652 5365851 | NAL Outcrop # 900 area | Grab sample | 39 | 0.01 | 36.00 | 71.10 | 0.38 | 71.20 | 2,890.00 | 43.70 | |
| 1160800 | 18 U 289797 5366117 | NAL Outcrop # 900 area | Grab sample | 18 | 0.00 | 30.00 | 50.10 | 0.54 | 35.20 | 1,550.00 | 48.70 | |
| 1160801 | 18 U 289645 5366460 | NAL Outcrop # 900 area | Grab sample | 4,550 | 0.98 | 72.00 | 90.00 | 0.86 | 33.50 | 2,160.00 | 31.90 | |
| 1160802 | 18 U 288548 5366609 | bella / NAL Area | Grab sample | 1,490 | 0.32 | 214.00 | 111.00 | 0.67 | 95.00 | 1,650.00 | 39.30 | |
| 1160803 | 18 U 288549 5366610 | bella / NAL Area | Grab sample | 4,800 | 1.03 | 218.00 | 122.00 | 0.74 | 102.70 | 1,710.00 | 50.70 | |
| 1160804 | 18 U 288554 5366608 | bella / NAL Area | Grab sample | 985 | 0.21 | 16.00 | 162.00 | 2.72 | 12.90 | 810.00 | 2.30 | |
| 1160805 | 18 U 288554 5366607 | bella / NAL Area | Grab sample | 3,840 | 0.83 | 181.00 | 116.00 | 0.60 | 70.60 | 1,740.00 | 36.90 | |
| 1160806 | 18 U 288552 5366608 | bella / NAL Area | Grab sample | 3,080 | 0.66 | 122.00 | 80.00 | 0.84 | 89.20 | 1,850.00 | 41.40 | |
| 1160807 | 18 U 288551 5366607 | bella / NAL Area | Grab sample | 1,120 | 0.24 | 4.00 | 31.10 | 3.00 | 8.80 | 230.00 | 1.50 | |
| 1160808 | 18 U 288565 5366602 | bella / NAL Area | Grab sample | 219 | 0.05 | 101.00 | 65.30 | 1.16 | 54.80 | 1,050.00 | 35.30 | |
| 1160809 | 18 U 288563 5366601 | bella / NAL Area | Grab sample | 297 | 0.06 | 180.00 | 60.60 | 0.60 | 65.50 | 1,040.00 | 44.70 | |
| 1160810 | 18 U 288582 5366590 | bella / NAL Area | Grab sample | 2,030 | 0.44 | 222.00 | 96.30 | 0.51 | 86.20 | 2,060.00 | 73.90 | |
| 1160811 | 18 U 288616 5366548 | bella / NAL Area | Grab sample | 953 | 0.20 | 56.00 | 75.40 | 1.94 | 16.00 | 1,150.00 | 9.00 | |
| 1160812 | 18 U 288616 5366547 | bella / NAL Area | Grab sample | 3,560 | 0.77 | 230.00 | 77.20 | 1.01 | 100.60 | 1,320.00 | 42.80 | |
| 1160813 | 18 U 288616 5366547 | bella / NAL Area | Grab sample | 2,060 | 0.44 | 224.00 | 57.40 | 0.56 | 59.80 | 1,710.00 | 37.30 | |
| 1160814 | 18 U 288613 5366546 | bella / NAL Area | Grab sample | 842 | 0.18 | 210.00 | 88.00 | 1.07 | 72.10 | 1,440.00 | 35.00 | |
| 1160815 | 18 U 288611 5366545 | bella / NAL Area | Grab sample | 2,430 | 0.52 | 170.00 | 43.80 | 0.67 | 113.90 | 1,410.00 | 49.00 | |
| 1160816 | 18 U 288624 5366534 | bella / NAL Area | Grab sample | 3,090 | 0.66 | 252.00 | 50.70 | 0.66 | 77.90 | 1,590.00 | 42.70 | |
| 1160817 | 18 U 288550 5366600 | bella / NAL Area | Grab sample | 5,870 | 1.26 | 283.00 | 42.90 | 0.90 | 90.90 | 860.00 | 42.60 | |
| 1160818 | 18 U 288488 5366868 | bella / NAL Area | Grab sample | 37 | 0.01 | 91.00 | 49.50 | 0.31 | 96.50 | 2,310.00 | 79.40 | |
| 1160819 | 18 U 288497 5366887 | bella / NAL Area | Grab sample | 23 | 0.00 | 14.00 | 5.90 | 0.90 | 83.60 | 278.00 | 33.20 | |
| 1160820 | 18 U 288474 5366885 | bella / NAL Area | Grab sample | 67 | 0.01 | 46.00 | 23.90 | 0.37 | 97.20 | 785.00 | 51.00 | |