- Foremost Lithium (FAT) has received a permit allowing it to begin a new drilling program
- The permit from the Manitoba government allows for a 3,000-metre drill program on the company’s Jean Lake Lithium Property
- Drilling will focus on the Beryl Dyke B1 which returned two grab samples assaying 3.89 and 5.17 percent lithium oxide
- Work will be conducted by BRL Drilling and is expected to begin on December, 2
- Foremost Lithium is up 2.94 percent, trading at $0.18 at 12:39 pm ET
Foremost Lithium (FAT) has received a permit allowing it to begin a new drilling program.
The permit from the Manitoba government allows for a 24-hole, 3,000-metre drill program on the company’s Jean Lake Lithium Property.
The Vancouver-based mineral exploration company owns a 100-percent-interest in the property, located near Snow Lake, Manitoba, at the east end of the prolific Paleoproterozoic Flin Flon-Snow Lake greenstone belt.
Drilling will focus on the Beryl Dyke B1 which returned two grab samples assaying 3.89 and 5.17 percent lithium oxide.
It will also explore the Beryl Dyke B2 which returned three grab samples assaying 3.81, 4.09 and 4.74 percent, in addition to linear UAV-assisted magnetic trends overlain by soils with elevated lithium content.
Targets were developed by integrating results from drone magnetic surveys, prospecting, geological field observations assisted by Lidar surveys and soil geochemical survey data.
Work will be conducted by BRL Drilling and is expected to begin on December, 2.
The Jean Lake property was first prospected in 1931.
“We are anxious to have the drills turning on Jean Lake to test our integrated targets consisting of the high-grade B1 and B2 pegmatite dykes and UAV-defined linear magnetic trends with coincident lithium soil geochemical anomalies. Our field crews have mobilized to the Jean Lake property in Snow Lake where they are finalizing drill plans and drill site set-ups,” said Vice President of Exploration Mark Fedikow.
Foremost Lithium is up 2.94 percent, trading at $0.18 at 12:39 pm ET.
