Image Credit: First Phosphate
  • First Phosphate (PHOS) notches additional drill results from Bégin-Lamarche property
  • The results come following results reported earlier in March
  • New results indicate the presence of four large phosphate layers ranging from 60 metres to 83 metres in thickness and 300 metres in length
  • Grades range from 5 per cent to 10.6 per cent phosphate
  • Shares of First Phosphate (PHOS) are down 4.11 per cent to C$0.70 as of 11:49 a.m. EDT

First Phosphate (PHOS) has released additional drill results from its Bégin-Lamarche property in Quebec.

These results come following initial results announced earlier in March.

The new results indicate the presence of four large phosphate layers ranging from 60 metres to 83 metres in thickness and 300 metres in length.

Meanwhile, grades range from 5 per cent to 10.6 per cent phosphate.

“The company has now drilled 17 drill holes within the main 2,000 metres magnetic trend and all of them carry phosphate layers ranging from a few meters to an excess of 100 metres,” First Phosphate president Peter Kent said in a press release.

The company added that samples from another seven holes have been delivered to a laboratory, with results expected shortly.

First Phosphate is focused on extracting and purifying phosphate for the production of cathode active material for the lithium iron phosphate battery sector.

Shares of First Phosphate (PHOS) are down 4.11 per cent to C$0.70 as of 11:49 a.m. EDT.

More From The Market Online

Metasphere developing carbon credit protocol for grid-scale batteries

Metasphere Labs (CBOE:LABZ) unveils a new initiative designed to accelerate the decarbonization of the electricity grid.

SSR Mining reviews deadly landslide, faces class-action lawsuits

SSR Mining (TSX:SSRM) faces mounting losses after a series of negative developments, culminating in a securities class action lawsuit.

Spanish Mountain Gold forms partnership for sustainable mining

Spanish Mountain Gold (TSXV:SPA) enters into a partnership with ANDRITZ and BC Hydro to reduce carbon intensity.