Announcement Date: 2023-08-21
Announcement Type: Exploration Update
Announcement Code: NI43-101
Company name: FE Battery Metals Corp.
Project name: Augustus
Location: Canada
Commodities: Lithium
Highlight: Channel sampling results 1.5% Li over 14.7m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Vancouver, B.C. (August 21, 2023) – FE Battery Metals Ltd. CSE: FE) (OTCQB: FEMFF) (WKN: A2JC89) (“FE Battery Metals” or the “Company) is pleased to announce that it has successfully exposed a part of the main Augustus Prospect lithium pegmatite system through stripping and channel sampling.. Outcrop #26 was discovered on the east side of main Augustus Prospect area where a lithium rich pegmatite cuts 14.7 metres at 1.15 percent lithium oxide (Li2O). The main Augustus pegmatite is mainly a blind lithium deposit with very few surface exposures. This newly exposed Outcrop #26 will help the Company to understand geology, structure and trend of the main potential deposit area to develop further drill targets. The Company has to date drilled 68 drill holes with over 15,000 metres of NQ size diamond drilling on the Property and has intercepted multiple lithium pegmatite dykes of variable lengths, widths and lateral continuity. The Company has further explored the newly discovered lithium pegmatite zones in two areas to the southeast of the Augustus Prospect which are located near the North American Lithium Mine (see Company’s news release dated August 15, 2023).
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