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Foremost Lithium to Acquire Lac Simard South Property in Quebec Hosting 24 Identified Pegmatites
Vancouver, British Columbia--(Newsfile Corp. - March 20, 2023) - Foremost Lithium Resource &...
About this update from Foremost Clean Energy Ltd.
[{"type":"text","content":"Foremost Lithium to Acquire Lac Simard South Property in Quebec Hosting 24 Identified PegmatitesVancouver, British Columbia--(Newsfile Corp. - March 20, 2023) - Foremost Lithium Resource & Technology Ltd. (CSE: FAT) (OTCQB: FRRSF) (FSE: F0R0) (WKN: A3DCC8) (\"Foremost Lithium\", \"Foremost\" or the \"Company\") is pleased to announce it has entered into an arm's length property acquisition agreement (the \"Property Agreement\") to acquire 100% interest in the Lac Simard South property (the \"Property\") in the Province of Quebec, Canada, consisting of 120 mining claims covering approximately 20,349 acres/8,235 hectares (see \"Investment Summary\" section for payment details). The Property has 24 pegmatites that were identified from satellite imagery. These pegmatites are located approximately 90km southwest from The NAL Lithium Processing Plant (A Piedmont/Sayona Joint Venture), which just announced it produced its first batch of spodumene concentrate (SC6)1, and 80km southwest of Val-D'or, a logistics hub for mining services. This acquisition increases Foremost's total lithium land holding to an aggregate of 63,380 acres/25,649 hectares.Lac Simard South is contiguous to Sayona Mining Limited and Refined Metals Corp. Lac Simard property which has sampled 2.1% lithium (Li) which is 4.52% Lithium Oxide (Li2O) and 5.88% Tantalum Oxide (Ta2O5) (Ref. Report GM 36797, 1980). The property is easily accessible year-round by way of well-maintained roads, with little overburden. Sayona Mining Limited's Abitibi Hub, comprised of its North American Lithium, Authier Lithium and Tansim Lithium projects located nearby, boasts a measured and indicated resource of 87.8 Mt grading 1.05% Li2O (Source: https://sayonamining.com.au/announcements/ March 22, 2022).* Figure 1: Area Map with display of Foremost's Lac Simard South Claims*  To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/4689/159012_9028744ea47c6890_001full.jpgJason Barnard, Foremost Lithium's President and CEO, comments, \"We are excited to be adding this pegmatite rich property to our growing portfolio of lithium assets, in addition to moving east in this prospective lithium-dense area of Canada. This acquisition is consistent with our focus of acquiring quality assets near known established lithium production and processing r...