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Be the first with the news that moves the market- FE Battery Metals (FE) has intersected two pegmatites with varying grades of lithium at its Augustus property in Quebec
- The two pegmatites on the main Augustus were intersected by one drill hole from 164 to 250 meters at depth
- The upper, wider pegmatite had a lithium value of 1,911 parts per million (ppm)
- Meanwhile, the lower one had an average value of 588 ppm lithium
- The company recorded values of other rare metal anomalies, with a special interest in one intercept that had cesium and rubidium
- FE Battery Metals (FE) is up 35.16 per cent, trading at $1.23 per share as of 1:22 p.m. EST
FE Battery Metals (FE) has intersected two pegmatites with varying grades of lithium at its Augustus property in Quebec.
The two pegmatites on the main Augustus were intersected by one drill hole, LC23-42, from 164 to 250 meters at depth with widths of 16 and four metres. The upper, wider pegmatite had a lithium value of 1,911 parts per million (ppm). The lower one had an average value of 588 ppm lithium.
The company recorded anomalous values of other rare metals in these pegmatite zones. FE shared it has a special interest in a 0.73-metre intersection at 165 metres depth with 1,270 ppm cesium and 3,450 ppm rubidium.
So far, 50 drill holes have been drilled over 9,500 metres at Augustus. The drill core has been logged, sampled, and sent off to labs for further analysis.
FE focuses its work on identifying, exploring, and advancing early-stage lithium pegmatite projects in Canada. The Augustus property is the company’s flagship asset located nearby Val d’Or, where historical prospects and a previously active lithium mine have been mapped.
FE Battery Metals (FE) is up 35.16 per cent, trading at $1.23 per share as of 1:22 p.m. EST.
