InvestmentPitch Media Video Discusses Foremost Lithium’s Completion of Summer Exploration Program on its “Lithium Lane Properties” near Snow Lake, Manitoba and Preparation for Drilling
14 Septiembre 2023 - 5:00AM
Foremost Lithium Resource & Technology Ltd. (NASDAQ:FMST)
(CSE:FAT) (FSE:F0R), a North American hard-rock exploration company
focusing on lithium, has completed an extensive summer exploration
program on its “Lithium Lane Properties”, near the historic mining
center of Snow Lake, Manitoba.
A Media Snippet accompanying this announcement is available by
clicking on the image or link below:
For more information, please view the
InvestmentPitch Media video which provides additional information
about this news and the company. If you are unable to view this
video, please watch on InvestmentPitch Media’s YouTube channel at
this link: (click here)
Dahrouge Geological Consulting (“DGC”) completed a
19-day mapping and sampling program on the 43,000-acre four
properties, which included:
- Prospecting and rock sampling for geochemical analysis, focused
on predefined priority targets
- Detailed geological mapping in highly prospective areas
- Systematic Mobile Metal Ion (MMI) geochemical grid covering
structural areas-of-interest on the Peg North Property.
DGC focused on properties that are either
under-explored or have good potential for discovering additional
LCT pegmatite. To broaden the understanding of the source-rock
relationships and zonation of the pegmatite, 71 pegmatite samples
were collected, with 7 from spodumene-mineralized pegmatite and 64
from granitic pegmatite.
Jason Barnard, President and CEO, stated: “The
initial exploration from DGC covering all four properties has gone
exceedingly well. This approach including both geological and
prospecting evaluations, combined with onsite rock geochemistry,
will enable us to be well-positioned to have high-priority targets
this coming drill season. We are focused on advancing our lithium
project to the next phase while we work to build long-term
shareholder value.”
At the Peg North Property, the
historically mapped pegmatites were mapped and sampled, which
verified the original 1949 mapping by the Geological Survey of
Canada. Further exploration on the Peg North property uncovered an
additional 45 pegmatites that were mapped and sampled.
Additionally, 174 Mobile Metal Ion samples were collected from the
area of a large magnetically depleted zone that occurs at the
southern end of the previously unrecognized sinistral fault
structure identified by Foremost Lithium’s recent UAV-assisted
magnetic survey.
At the GRC Property, the
historically mapped pegmatite outcrops were mapped and sampled with
11 samples collected from visible, granitic pegmatite exposures.
This verified the 1950s exploration work undertaken on the
property, verified in the assessment files housed in the office of
the Manitoba Mining Recorder and subsequently mapped by the
Manitoba Geological Survey.
At the Jean Lake Property,
spodumene-pegmatite occurrences B1, B2, and B3, collectively
referred to as the “Beryl Pegmatite” were sampled and mapped in
further detail to assist with drill targeting for the upcoming
drill season. This verified the presence of mineralized
spodumene-pegmatite originally re-discovered during Foremost
Lithium’s 2021 program, which consisted of 5 rock chips samples, 2
of which were from the B1 spodumene-pegmatite occurrence which
returned assays of 3.89% and 5.17% Li2O. The 2023 exploration
campaign returned 4 samples, 3 of which were from spodumene-bearing
pegmatite at the B1 and B2 occurrences.
At the Zoro Property, the mapped
spodumene occurrence “Dyke 1” was revisited for sampling and
detailed mapping to assist with targeting for a proposed drill
program. This verified the presence of spodumene-mineralized
pegmatite on surface at Dyke 1. Eight pegmatite samples, 5 of which
contained spodumene, were collected for assay.
Results from this summer exploration program,
coupled with regional/local geological assessments, historical
data, and high-resolution geophysics have enabled an effective
drill targeting strategy, with drilling planned on all four
properties in Q1, 2024. This marks a pivotal phase in the projects’
advancement.
On August 24th, the company began trading on
NASDAQ under the symbol “FMST”, while closing a financing of
800,000 units at US$5.00, raising gross proceeds of US$4 million.
The shares are trading at $6.18 on the CSE.
For more information on the company’s Lac Simard
South property in Quebec and its Winston Gold/Silver Project in New
Mexico, please visit the company’s website,
www.ForemostLithium.com, contact Jason Barnard, President and CEO,
at 604-330-8067 or email info@ForemostLithium.com.
About InvestmentPitch Media
InvestmentPitch Media leverages the power of
video, which together with its extensive distribution, including a
news release service, to position your company’s story ahead of the
1,000’s of companies seeking awareness and funding from the
financial community. The company specializes in producing short
videos based on significant news releases, research reports and
other content of interest to investors.
Disclaimer
The information in this InvestmentPitch Media Ltd
video is for the viewers information only. Foremost Lithium has
paid a fee not exceeding $2,000 in cash to have its current news
release produced in video format. The corporate information is
based on information that is publicly available. Any information
provided by InvestmentPitch Media Ltd, through its media services
is not to be construed as a recommendation or suggestion or offer
to buy or sell securities but is provided solely as an
informational media service. InvestmentPitch Media Ltd makes no
warranties or undertakings as to the accuracy or completeness of
this information. All due diligence should be done by the viewer or
their financial advisor. Investing in securities is speculative and
carries risk.
CONTACT: InvestmentPitch Media Barry Morgan, CFO
bmorgan@investmentpitch.com
Foremost Lithium Resourc... (NASDAQ:FMST)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Foremost Lithium Resourc... (NASDAQ:FMST)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024