- Foremost Lithium Resource & Technology (FAT) acquires the Grass River Claims, located in the district of Snow Lake Manitoba
- The Grass River Claims (GRC) consist of 27 claims totaling 14,873 acres
- The claims hold multiple pegmatites exposed in outcrop and seven drill-indicated lithium bearing dykes
- The acquisition expands the Snow Lake Lithium project by 130 per cent to 26,276 acres
- Foremost Lithium Resource & Technology (FAT) is down 2.50 per cent trading at $0.39 per share as of 2:50 p.m. EST
Foremost Lithium Resource & Technology (FAT) has acquired the Grass River Claims, located in the district of Snow Lake Manitoba.
The Grass River Claims (GRC) consists of 27 claims totalling 14,873 acres.
The acquisition expands the Snow Lake Lithium project by 130 per cent to 26,276 acres.
With this acquisition, Foremost is now the largest lithium exploration company in Snow Lake.
Lithium-bearing pegmatite on the Grass River Claims, Zoro property, Jean Lake property and others in the general are spatially associated with the Crowduck Bay Fault.
Foremost is planning on moving forward with working capital and utilizing modern technologies to supplement prospecting to further explore the dykes on the claims.
Modern exploration of the GRC pegmatites has not been done in more than 60 years.
Foremost Lithium will commence exploration on the GRC once the snow has melted and will proceed as follows:
When the snow subsides, Foremost Lithium will first pass prospecting of outcrop areas on the claim block focusing on known pegmatite
Then it will conduct a survey to define the 3D extent and magnetic signature of the high-grade lithium-bearing dykes
The company will then identify and drill specific high-value targets defined by integrating historic and new exploration data.
Foremost Lithium is continuing to position itself as a contender in the lithium exploration landscape.
Foremost Lithium Resource & Technology (FAT) is down 2.50 per cent trading at $0.39 per share as of 2:50 p.m. EST.
