Business
First Energy Metals Acquires Additional Lithium Exploration Mining Claims Near its Augustus Project in Quebec, Canada
VANCOUVER, BC, March 12, 2021 /CNW/ - First Energy Metals Ltd. (CSE: FE) ("First Energy" or the "Company) is pleased to announce that it has entered into an agr
About this update from Linear Minerals Corp.
[{"type":"text","content":" VANCOUVER, BC, March 12, 2021 /CNW/ - First Energy Metals Ltd. (CSE: FE) (\"First Energy\" or the \"Company) is pleased to announce that it has entered into an agreement, dated March 12, 2021 to acquire a 100% interest into additional mining claims located near its Augustus Lithium Property in Landrienne & Lacorne-Townships, Quebec, Canada. The newly acquired properties consist of 242 mining claims covering a total area of 12,769.13 hectares located approximately 40 kilometres northwest of the town of Val d'Or on map sheets 32C/05 and 32D08. The newly acquired property claims are spread in several claim blocks and some of the claims are located adjacent to the Augustus Lithium Property claims which were optioned in 2021 (see Company's news release dated Jan 21, 2021 and February 8, 2021). There is one historical lithium showing, namely \"Lac La Motte NE\", in a claim block of the new property where exploration work in 2010 carried out by Candorado Operating Co. indicated anomalous values of lithium (Li) in the range of 342 ppm (0.073% lithium oxide) to 7900 ppm (1.7% lithium oxide) in grab surface samples (Source: GM65110, June 2010). Cautionary Statement: Investors are cautioned that the above information is taken from publicly available sources, specifically from the Quebec Ministry of Energy and Mines (MERN) database. The Company has not been able to independently verify the information contained. The information is not necessarily indicative of the mineralization on the property, which is the subject of this news release. The Company will need to conduct exploration to confirm historical mineralization reported on the property and there is no guarantee that significant discovery will be made as a result of its exploration efforts. Mr. Gurminder Sangha, CEO of First Energy Metals stated that, \"We are very pleased to acquire a large claim block in a promising lithium camp within our Augustus Lithium Property area. The Company has already commenced ground exploration work consisting of prospecting, mapping, and channel sampling. The new acquisition will give the Company a chance to expand its ground exploration footprint in a larger claim block. First Energy is in the process of compiling historical exploration and geological information on the newly acquired claims and will ask its field crew to expand field explora...