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Foremost Lithium Confirms 25.92 Metres of Lithium Mineralization Including 1.09% Li2O Across 10 Metres at its Zoro Property, Manitoba Canada
Highlights at the Company’s Maiden Resource at Dyke 1 include: Drill hole FL24-010 confirmed 1.09% Li2O over 9.88 m starting at 177.57 m Drill Hole FL 24-009 co
About this update from Foremost Clean Energy Ltd.
[{"type":"text","content":" Highlights at the Company’s Maiden Resource at Dyke 1 include: Drill hole FL24-010 confirmed 1.09% Li2O over 9.88 m starting at 177.57 m Drill Hole FL 24-009 confirmed 1.03% Li2O over 7.96 m starting at 233.04 m Hole FL24-009 confirmed 1.52% Li2O over 5.02 m starting at 233.98 m VANCOUVER, British Columbia, April 08, 2024 (GLOBE NEWSWIRE) -- Foremost Lithium Resource & Technology Ltd. (NASDAQ: FMST) (CSE: FAT) (“Foremost Lithium”, “Foremost” or the “Company”), a North American hard-rock lithium exploration company, is pleased today to provide a drilling progress update for its 2024 winter drill program on its Zoro Property located in the Snow Lake region of Manitoba. The Company reports that 2 holes targeting Dyke 1 (see figure 1 below) have been completed with assay results confirming lithium mineralization spanning a cumulative length of 25.92m. Highlights in drill holes FL24-009 and FL24-010 include 1.52% Li2O over 5.02 m and 1.09% Li2O over 9.88 m. Dyke 1 hosts the Company's maiden inferred resource of 1,074,567 tons at a grade of 0.91% Li2O, with a cut-off grade of 0.3%, as outlined in the Company’s filed Regulation SK-1300 Technical Report Summary (2023) and NI-43-101 Technical Report (2018). “We are very encouraged as we continue to expand the lithium mineralization on our maiden resource,” states Jason Barnard, President and CEO of Foremost Lithium. “Foremost Lithium is striving to become a premier supplier of North America’s lithium feedstock. Further resource development along with our continued business development, such as planned infrastructure, will pave the way to our continued growth. Dyke 1 currently contains 24,000 tons of lithium carbonate which, when converted, would be able to manufacture roughly 400,000 car batteries to power electric vehicles. With the potential to increase resource as drilling progresses – and as government regulation, such as the current U.S. administration’s Inflation Reduction Act, incentivizes U.S. domestic supply – we look forward to future upside for our Company and shareholders.” Figure 1 - Zoro Dyke 1 Location Map Indicating Drill Hole Locations Dyke 1 Drill Results Drill results for the 2 drill holes completed at the Dyke 1 spodumene pegmatite are reported below in Tables 1 and 2. These holes primarily target the depth extension of the pegmatite body. Results inc...