Fe Battery Metals Intersects up to 1.43% Lithium Oxide in Basement Rocks at Augustus Lithium Property

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[{"type":"text","content":" VANCOUVER, BC, Sept. 20, 2023 /CNW/ - FE Battery Metals Corp. (CSE: FE) (OTCQB: FEMFF) (WKN: A2JC89) (\"FE Battery Metals\" or the \"Company\") is pleased to announce significant findings from its ongoing exploration efforts at the Augustus Lithium Property in Quebec. The Company's latest studies have revealed remarkable lithium oxide (Li2O) concentrations in the basement rocks situated in proximity to the pegmatite wallrocks, with values ranging from 0.30 to an exceptional 1.43 percent (%) (see Table 1 below) The Augustus Lithium Property (\"ALP\") is located just 33km north of Val-d'Or Quebec and sits directly adjacent to Canada's largest lithium mine, the North American Lithium mine (\"NAL\"). The Company's exploration efforts at ALP have revealed widespread lithium bearing pegmatites on surface and drill efforts show they remain open at depth and along a strike length of 5.5km. To date, the Company has completed 14,448.59 meters of diamond drilling across 79 NQ size holes and analytical investigative efforts have been focused on the pegmatite bodies, but with this significant find the Company intends to further explore the potential of economic lithium oxide (Li2O) concentrations that have also been revealed in the host rocks of the pegmatite bodies. Key Highlights (See Table 1 for details): The basement rocks returning the highest lithium concentrations are identified as biotite schist and amphibolites with the majority of these samples in close proximity to their contact points with pegmatite bodies. A correlation is observed with higher lithium (Li), cesium (Cs), and rubidium (Rb) concentrations and elevated nickel and chromium values suggesting lithium concentration in the wallrock are likely due to the influence of hydrothermal fluids. As part of our continued advancement to a maiden resource at Augustus, we are currently engaged in 3-D modeling of drill intercepts and surficial work. The basement rock data may play a pivotal role in enhancing this model, potentially aiding in resource size. A field geological mapping and sampling program will also be implemented to understand the contact zone of pegmatites with the basement rocks. In a significant exploration undertaking, FE Battery Metals has sampled a larger section of drill core from hole LC23-63, spanning from 115.49 to 308 meters, which was then sent to ACTLABS l...

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