First Energy Metals (CSE: FE) (OTCQB: FEMFF), a publicly traded Canadian mineral exploration company, has released results of drill hole LC21-003 at its Augustus Lithium Property in Quebec, Canada. The announcement stated that the drill hole intersected a six-meter-wide zone with 0.62% lithium oxide (“Li2O”) at 45 meters in depth; the hole included a two meter-wide wide intersection with 1.35% Li2O at 48 meters depth. In addition, a second two-meter-wide pegmatite intersection assayed 0.63% Li2O at 73 meter depth. First Energy noted that its trenching and sampling program is still underway. The company stated that several historical drill hole collars were located throughout the Augustus Lithium Property, and those collars support the current drill program, which started on April 5, 2021. The announcement noted that the company has built a core shack near the property for the purpose of drill core logging, sample preparation and storage, and that to date 13 drill holes have been completed with cumulative core drilling of 1,770 meters done thus far. First Energy is logging and sampling the drill core with a rock saw, and field duplicates and blanks are being inserted at an industry standard interval. The company also announced that it has granted incentive stock options to specific directors, officers and consultants; the option includes purchasing up to 900,000 common shares, exercisable for a period of five years at an exercise price of $0.25 per share.
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About First Energy Metals Limited
First Energy Metals is a Canadian mineral exploration company with a primary focus of acquiring a multicommodity mineral property portfolio. The company’s goal is to identify, acquire and explore North American mineral prospects in the technology metals, precious metal and base metal sector. Its strategy is to acquire and advance projects through prospecting and early-stage exploration; source joint venture partners to finance future exploration and project development; and create shareholder value through exploration success. First Energy will continue to add to its multicommodity portfolio through organic acquisitions of new projects and opportunities with the intention of adding value and projects over time. For more information about the company, please visit www.FirstEnergyMetals.com.
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