First Energy Metals Limited (FEMFF.QB) (FE.CN)



Vancouver, B.C. – December 09, 2021 – First Energy Metals Ltd. (CSE: FE) (“First Energy” or the “Company) is pleased to announce results of drill hole LC21-09 at its Augustus Lithium Property in Quebec, Canada. The drill hole intersected a 39 meters spodumene pegmatite in which a 7-meter-wide zone assayed 1.12 percent (%) lithium oxide (Li2O) at 11 metres (m) drilled depth. The Company is also pleased to announce commencement of Phase 2 drill program on December 6 at the Property by Forage Hebert Inc. Drilling of Amos, Quebec. The drilling company completed 5,847.15 Phase 1 drilling on the Property and is again contracted for this work.


Highlights (see Table 1 for details)


  • A 39 metres wide spodumene pegmatite intersection (from 7 to 46 m drilled depth) with average 0.17 % lithium (Li) or 0.37% Li2O. There are four higher grade intersections included within this wider pegmatite as listed below.
    • Seven-meter wide spodumene pegmatite zone with 1.12% Li2O at 11 m drilled depth.
    • Two-meter wide spodumene pegmatite zone with 0.90% Li2O at 22 m drilled depth.
    • Two-meter wide spodumene pegmatite zone with 0.74% Li2O at 26 m drilled depth.
    • Two-meter wide spodumene pegmatite zone with 0.31% Li2O at 44 m drilled depth.


Drill hole LC21-09 was drilled at Canadian Lithium / Beluga Prospect, UTM location: 284822E, 5368321N (NAD 1983 UTM Zone 18N), Azimuth 48.2 degrees, Dip -44.2 degrees with a total drilled depth of 147 m. All intersections reported are based on drilled width and have not been converted to the true width. The drill core was logged and sampled at the core shack using a rock saw. For quality control and quality assurance (QA/QC), field duplicates, standards and blanks were inserted at industry standard intervals. The samples were bagged and tagged using best practices and were delivered to Activation Laboratories (“ACTLABS”), Ancaster, Ontario for sample preparation and analyses using laboratories code Ultratrace 7 and sodium peroxide fusion (Na2O2). ACTLABS is an independent commercial, accredited ISO Certified Laboratory.


For the Phase 2 drill program, a B-20 drill rig has been deployed which has a capacity to drill up to 1,000-meter-deep hole. The core shack built during Phase 1 drilling at the village of St-Dominique du Rosaire located about 50km from the Property will be used for drill core logging, sample preparation and storage.


Afzaal Pirzada, P.Geo., Geological Consultant of the Company, and a “Qualified Person” for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release.





“Gurminder Sangha”

Gurminder Sangha

President & Chief Executive Officer

For further information, please contact the Company at:


Neither the Canadian Securities Exchange (CSE) nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release and has neither approved nor disapproved the contents of this news release.


Forward-looking Information 


Except for the statements of historical fact, this news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates and projections as at the date of this news release. “Forward-looking information” in this news release includes information about the Company’s information concerning the intentions, plans and future actions of the parties to the transactions described herein and the terms thereon.


The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company’s ability to obtain required approvals. The Company has also assumed that no significant events occur outside of the Company’s normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.



Table 1: Drill Hole LC21-09 Assay Highlights

Analyte Symbol Depth Depth Total Li Li2O
Unit Symbol M  M M % %
Detection Limit 0.01
Analysis Method From To Length FUS-Na2O2
201557 7 8 1 0.13 0.28
201558 8 9 1 0.08 0.17
201559 9 10 1 0.34 0.73
201561 10 11 1 0.06 0.13
201562 11 12 1 0.10 0.22
201563 12 13 1 0.13 0.28
201564 13 14 1 0.40 0.86
201565 14 15 1 0.46 0.99
201566 15 16 1 1.26 2.71
201567 16 17 1 0.98 2.11
201568 17 18 1 0.33 0.71
and including 11 18 7 0.52 1.12
201569 18 19 1 0.02 0.04
201571 19 20 1 0.03 0.06
201572 20 21 1 0.02 0.04
201573 21 22 1 0.02 0.04
201574 22 23 1 0.32 0.69
201576 23 24 1 0.52 1.12
and including 22 24 2 0.42 0.90
201577 24 25 1 0.04 0.09
201578 25 26 1 0.03 0.06
201579 26 27 1 0.13 0.28
201581 27 28 1 0.56 1.20
and including 26 28 2 0.35 0.74
201582 28 29 1 0.03 0.06
201583 29 30 1 0.04 0.09
201584 30 31 1 0.05 0.11
201585 31 32 1 0.01 0.02
201586 32 33 1 0.04 0.09
201587 33 34 1 0.03 0.06
201588 34 35 1 0.03 0.06
201589 35 36 1 0.04 0.09
201591 36 37 1 0.03 0.06
201592 37 38 1 0.02 0.04
201593 38 39 1 0.03 0.06
201594 39 40 1 0.03 0.06
201595 40 41 1 0.06 0.13
201596 41 42 1 0.02 0.04
201597 42 43 1 0.02 0.04
201598 43 44 1 0.03 0.06
201599 44 45 1 0.19 0.41
201601 45 46 1 0.10 0.22
and including 44 46 2 0.15 0.31
Total Width / Average 7 46 39 0.17 0.37


Note: A standard conversion factor of 2.15 was used to report Li to Li2O values

All intersections reported are based on drilled width and have not been converted to the true width.


source: First Energy Metals Ltd

Sign Up for FREE
Stock Alerts from

to be the first to know when this emerging company issues Breaking News!

About First Energy Metals Limited

First Energy Metals is a publicly traded Canadian mineral exploration company with a primary focus of acquiring a multi-commodity mineral property portfolio. Our goal is to identify, acquire and explore North American mineral prospects in the precious metal, base metal, and industrial metals sector.

Gurminder Sangha
Chief Executive Officer and Director
Mr. Sangha is experienced in the financial industry with a particular focus of providing advisory services to both private and publicly traded companies. He brings over 18 years of diverse experience related to financial management, business leadership, and corporate strategy. While serving as a board member of various publicly traded listed companies he has led initiatives related to corporate finance, business development, and corporate governance. Mr. Sangha holds a MBA from both Queens University and Cornell University.

Jurgen Wolf
Chief Financial Officer and Corporate Secretary
Mr. Wolf has been involved in the oil and gas industry for more than 15 years, assisting public companies with investor relations and administration. Mr. Wolf was educated in Germany and immigrated to Canada in 1953. From 1958 to 1982 he operated and owned pre-cast concrete factories in Calgary and Vancouver, and from 1982 to 2002 he operated and owned J.A. Wolf Projects, Ltd., a commercial construction company. Mr. Wolf was President and a director of former US Oil and Gas Resources Inc., which amalgamated to form Petrichor Energy Inc. in 2005. Mr. Wolf is a director of several public companies.

Mr. Craig Alford(P.Geo)
Mr. Alford holds both a Bachelor of Science (Hons) and a Master of Science in Geology. He is a registered Professional Geoscientist (P.Geo) in Ontario and is a Qualified Person, as defined in National Instrument 43-101. During his 30 years of experience worldwide, Mr. Alford has designed, managed and provided technical direction for projects throughout North and South America, China, Central Asia, Russia, Australia and Africa. Mr. Alford’s experience has included senior positions for a number of large mining companies including, Zijin Mining Group, China Railway, and Teck Mining Ltd.

Mr. Alford’s tenure with the Zijin Mining Group he was part of the team that was responsible for an approximate $80 million investment in Pretium Resources Inc. Pretium now has production targeted for its Northern BC, Canada site in 2017. The other major investments Mr. Alford was involved with at Zijin was the $298 million investment into Barrick Gold Porgera mine and the $412 million investment into Ivanhoe Mines Ltds’ Kamoa Copper Project. The Kamoa project is expected to be one of the biggest copper mines in the world. He has directly negotiated with several Heads of State, as well as assisting the World Bank and the China-Africa Development Fund in tax policy, planning and investment risk.

Jason Grewal
Mr. Grewal is a solicitor in England and Wales and admitted as an attorney in the state of New York. He has studied law at the London School of Economics, and holds a law degree from the University of London, an LLM in international business law from the IE Law School in Madrid and an MSc in global finance from Cass Business School in London. He has experience working in Canada, the United States and the United Kingdom, and in Europe. He has advised on various capital market transactions in various jurisdictions, and has experience working with both international law firms and multinational corporations.

Jodie Gibson
Mr. Gibson is an exploration geologist with over 14 years mineral exploration experience throughout the North American Cordillera from Alaska to Mexico; including syngenetic and epigenetic precious and base metal systems. He was the Project Manager of the Underworld Resources Inc. exploration team that discovered and defined the Golden Saddle and Arc deposits. These assets were subsequently sold to Kinross in 2010 for $139 million. Prior to joining the Company, Mr. Gibson was serving as Vice President Exploration for White Gold Corp where he oversaw over $30 million in exploration activities over the previous three years with highlights including expansion of the Golden Saddle and Arc deposits and five new discoveries across the White Gold district: including the high-grade Vertigo discovery on the JP Ross property.

Jodie was recognized as the 2020 Yukon Prospector of the Year. Mr. Gibson holds a Bachelor of Science Degree and a Master of Science Degree from Indiana State University and is a member of the Association of Professional Engineers and Geoscientists of British Columbia. Mr. Gibson is a US citizen with Canadian Permanent Resident status.

FN Media Group LLC (FNMG) owns and operates (FNM) which is a third party publisher that disseminates electronic information through multiple online media channels. FNMG’s intended purposes are to deliver market updates and news alerts issued from private and publicly trading companies as well as providing coverage and increased awareness for companies that issue press to the public via online newswires. FNMG and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNMG’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. The companies that are discussed in this release may or may not have approved the statements made in this release. Information in this release is derived from a variety of sources that may or may not include the referenced company’s publicly disseminated information. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. While this information is believed to be reliable, such reliability cannot be guaranteed. FNMG disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. This release may contain technical inaccuracies or typographical errors. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. Investment in the securities of the companies discussed in this release is highly speculative and carries a high degree of risk. FNMG is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. This release is not without bias, and is considered a conflict of interest if compensation has been received by FNMG for its dissemination. To comply with Section 17(b) of the Securities Act of 1933, FNMG shall always disclose any compensation it has received, or expects to receive in the future, for the dissemination of the information found herein on behalf of one or more of the companies mentioned in this release. For current services performed FNMG has been compensated seventy five hundred dollars for First Energy Metals Limited current news coverage by a non-affiliated third party.  FNMG HOLDS NO SHARES OF First Energy Metals Limited
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.