FE Battery Metals Cuts 1.15 Percent Lithium Oxide Over 14.7 Meters In Channel Samples From Augustus Lithium Property

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[{"type":"text","content":" VANCOUVER, BC, Aug. 21, 2023 /CNW/ - 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. To date the Company has 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. Assay Highlights: 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&...

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