FE Battery Metals (CSE: FE) (OTCQB: FEMFF), a publicly traded Canadian mineral exploration company, is reporting on findings from its ongoing exploration efforts at its Quebec-based Augustus Lithium Property (“ALP”). According to the announcement, the company’s latest studies show remarkable lithium oxide (“Li2O”) concentrations in the basement rocks situated in proximity to the pegmatite wallrocks; the study is showing values ranging from 0.30 to an exceptional 1.43%. Highlights of the exploration efforts report that basement rocks returning the highest lithium concentrations are biotite schist and amphibolites, with the majority of these samples in close proximity to their contact points with pegmatite bodies; the report also showed a correlation with higher lithium (“Li”), cesium (“Cs”) and rubidium (“Rb”) concentrations and elevated nickel and chromium values suggests lithium concentration in the wallrock are likely due to the influence of hydrothermal fluids.
The company stated that as part of its continued advancement to a maiden resource at Augustus, it is engaged in 3-D modeling of drill intercepts and surficial work, and this new basement-rock data may enhance this model and aid in resource size. In addition, the company noted that it will be implementing a field geological mapping and sampling program to better understand the contact zone of pegmatites with the basement rocks. FE Battery Metals’ Augustus Lithium Property (“ALP”) is directly adjacent to Canada’s largest lithium mine, the North American Lithium mine (“NAL”). 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 view the full press release, visit https://ibn.fm/h7sy2
About FE Battery Metals Corp.
FE Battery Metals is a Canadian mineral exploration company with a primary focus of acquiring mineral properties in the battery metal sector. The company’s goal is to identify, acquire and explore North American mineral prospects with a primary focus on lithium. The company’s 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. For more information about the company, please visit www.FEBatteryMetals.com.
NOTE TO INVESTORS: The latest news and updates relating to FEMFF are available in the company’s newsroom at https://ibn.fm/FEMFF
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