Pressemitteilungen

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Vancouver, B.C. (August 21, 2023)FE Battery Metals Ltd. CSE: FE) (OTCQB: FEMFF) (WKN: A2JC89) (“FE Battery Metals” or the “Company) is pleased to announce that it has successfully exposed a part of the main Augustus Prospect lithium pegmatite system through stripping and channel sampling.. Outcrop #26 was discovered on the east side of main Augustus Prospect area where a lithium rich pegmatite cuts 14.7 metres at 1.15 percent lithium oxide (Li2O). The main Augustus pegmatite is mainly a blind lithium deposit with very few surface exposures. This newly exposed Outcrop #26 will help the Company to understand geology, structure and trend of the main potential deposit area to develop further drill targets. The Company has to date drilled 68 drill holes with over 15,000 metres of NQ size diamond drilling on the Property and has intercepted multiple lithium pegmatite dykes of variable lengths, widths and lateral continuity. The Company has further explored the newly discovered lithium pegmatite zones in two areas to the southeast of the Augustus Prospect which are located near the North American Lithium Mine (see Company’s news release dated August 15, 2023).

A part of the current prospecting and sampling work included other lithium prospects on the Augustus Property which included Lac Fiedmont, Vallée prospect, and Duval lithium with an aim to find more exploration targets for future work.

Photo: A view of Outcrop #26 with drill rig

Highlights (see Table 1 and Figure 1 for details):

  • Outcrop #26 which is a part of the Augustus Prospect cuts 14.7 m at 1.15% Li2O (0.535% Li). There are anomalous values of other rare metals such as beryllium (Be) 181 parts per million or ppm, cesium (Cs) 41.69 ppm, niobium (Nb) 75.76 ppm, rubidium (Rb) 1,413 ppm, and tantalum (Ta) 49.33 ppm. One grab sample from Outcrop #26 returned 1.92% Li2O (0.895% Li).
  • Outcrop #900 near North American Lithium Mine (NAL) cuts 10 m at 0.52% Li2O (0.24% Li) with other rare metals including Be 139.3 ppm, Cs 74.41 ppm, Nb 57.02 ppm, Rb 1932 ppm, and Ta 37.57 ppm. Nine grab samples from this outcrop returned lithium values in the range of 0.004% to 1.18% Li2O. The Company has planned to drill this zone during the current drilling program after finishing the targeted drilling work at the main Augustus Prospect.
  • Four grab samples collected from Lac Fiedmont area returned low lithium values.
  • Six grab samples collected from Duval Lithium prospect returned high lithium values in the range of 0.004% to 2.15% Li2O with average 1.14% Li2O. The Company will expand its exploration efforts on this higher lithium value area.
  • Nineteen grab samples from Bella Prospect near NAL mine returned lithium values in the range of 0.005% to 1.26% Li2O with anomalous values of other rare metals. This zone will also be drilled during the current drilling program.

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.

ON BEHALF OF THE BOARD OF
FE BATTERY METALS CORP.

“Gurminder Sangha”
Gurminder Sangha
CEO & Director

For further information, please contact the Company at gsangha@febatterymetals.com or (604) 375-6005

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 LC23-60 Sample assays highlights

Figure 1: Augustus potential deposit area with channel samples (NAL Mine to the SE)

Table 1: Sample assays highlights

Analyte Symbol

Location

Prospect / Deposit ID

Sample

Width

Li

Li2O

Be

Cs

Fe

Nb

Rb

Ta

Unit Symbol

NAD 1983

 

Type

m

ppm

%

ppm

ppm

%

ppm

ppm

ppm

Detection Limit

Zone 18N

 

 

 

15

 

3.00

0.10

0.05

2.40

0.40

0.20

Analysis Method

 

 

 

 

FUS-Na2O2

1160831

18 U 287729 5367431

Augustus channels outcrop # 26

Channel

1

943

0.20

152.00

38.60

0.53

56.50

1,530.00

39.60

1160832

18 U 287730 5367430

Augustus channels outcrop # 26

Channel

1

675

0.15

163.00

36.30

0.46

85.60

1,570.00

69.10

1160833

18 U 287730 5367429

Augustus channels outcrop # 26

Channel

1

3,030

0.65

210.00

37.50

0.87

87.40

1,280.00

60.30

1160834

18 U 287731 5367429

Augustus channels outcrop # 26

Channel

1

3,760

0.81

160.00

32.70

0.67

80.80

1,200.00

35.20

1160835

18 U 287731 5367428

Augustus channels outcrop # 26

Channel

1

2,760

0.59

126.00

38.00

0.47

76.10

1,360.00

54.90

1160836

18 U 287732 5367427

Augustus channels outcrop # 26

Channel

1

5,770

1.24

199.00

57.20

0.87

81.10

1,700.00

76.50

1160837

18 U 287733 5367426

Augustus channels outcrop # 26

Channel

1

6,780

1.46

181.00

46.70

0.60

87.20

1,430.00

50.20

1160838

18 U 287733 5367425

Augustus channels outcrop # 26

Channel

1

6,090

1.31

201.00

48.30

0.56

76.50

1,610.00

41.70

1160839

18 U 287734 5367424

Augustus channels outcrop # 26

Channel

1

5,990

1.29

156.00

33.30

0.99

85.00

1,260.00

40.50

1160840

18 U 287734 5367423

Augustus channels outcrop # 26

Channel

1

7,860

1.69

218.00

34.60

0.55

92.70

1,270.00

55.80

1160841

18 U 287734 5367422

Augustus channels outcrop # 26

Channel

1

5,390

1.16

204.00

41.90

0.52

69.70

1,330.00

45.00

1160842

18 U 287733 5367422

Augustus channels outcrop # 26

Channel

1

3,740

0.80

172.00

35.70

0.82

61.60

1,230.00

43.20

1160843

18 U 287733 5367419

Augustus channels outcrop # 26

Channel

1

8,290

1.78

192.00

42.00

0.50

72.90

1,390.00

38.70

1160844

18 U 287735 5367419

Augustus channels outcrop # 26

Channel

0.8

8,810

1.89

229.00

40.00

0.53

51.40

1,050.00

29.90

1160845

18 U 287735 5367418

Augustus channels outcrop # 26

Channel

0.5

9,510

2.04

164.00

44.00

0.91

82.50

1,080.00

59.80

1160846

18 U 287732 5367421

Augustus channels outcrop # 26

Channel

0.4

6,130

1.32

169.00

60.20

0.51

65.20

2,320.00

48.90

Augustus Outcrop #26 Total Width / Average

 

 

14.7

5,346

1.15

181.00

41.69

0.65

75.76

1,413.13

49.33

1160821

18 U 289316 5366326

NAL Channels outcrop # 900

Channel

1

965

0.21

12.00

100.00

2.71

11.30

732.00

3.50

1160822

18 U 289316 5366326

NAL Channels outcrop # 901

Channel

1

3,090

0.66

189.00

57.10

0.59

70.40

1,670.00

49.30

1160823

18 U 289315 5366325

NAL Channels outcrop # 902

Channel

1

3,090

0.66

153.00

69.10

0.53

73.00

2,590.00

50.10

1160824

18 U 289329 5366313

NAL Channels outcrop # 903

Channel

1

1,060

0.23

17.00

151.00

3.09

12.20

1,000.00

5.70

1160825

18 U 289328 5366312

NAL Channels outcrop # 904

Channel

1

5,480

1.18

206.00

54.30

0.65

72.00

1,680.00

60.90

1160826

18 U 289327 5366312

NAL Channels outcrop # 905

Channel

1

1,160

0.25

109.00

75.00

0.35

50.10

3,140.00

38.20

1160827

18 U 289336 5366306

NAL Channels outcrop # 906

Channel

1

2,510

0.54

147.00

63.60

0.91

58.60

2,430.00

39.70

1160828

18 U 289342 5366300

NAL Channels outcrop # 907

Channel

1

2,970

0.64

198.00

37.90

0.62

77.10

1,300.00

42.40

1160829

18 U 289352 5366289

NAL Channels outcrop # 908

Channel

1

2,530

0.54

150.00

58.40

0.58

80.30

2,100.00

41.70

1160830

18 U 289296 5366346

NAL Channels outcrop # 909

Channel

1

1,260

0.27

212.00

77.70

0.85

65.20

2,680.00

44.20

NAL Outcrop #900 Total Width/Average

 

 

10

2,412

0.52

139.30

74.41

1.09

57.02

1,932.20

37.57

Grab Samples

 

 

 

 

 

 

 

 

 

 

 

 

1160847

18 U 287736 5367428

Augustus Grab sample outcrop # 26

Grab sample

 

8,950

1.92

76.00

38.20

0.65

72.00

1,280.00

28.10

1160775

18 U 298801 5357353

Lac Fiedmont

Grab sample

 

19

0.00

< 3

96.80

0.37

13.00

1,580.00

3.70

1160776

18 U 298801 5357353

Lac Fiedmont

Grab sample

 

18

0.00

4.00

72.10

0.31

39.60

2,080.00

7.50

1160777

18 U 298955 5357390

Lac Fiedmont

Grab sample

 

< 15

NA

9.00

9.20

0.48

54.60

292.00

12.10

1160778

18 U 297129 5358562

Lac Fiedmont

Grab sample

 

< 15

NA

< 3

9.80

0.86

< 2.4

236.00

0.30

1160786

17 U 714483 5362224

Vallée Base metals  iron formation

Grab sample

 

45

0.01

248.00

117.00

0.41

78.30

1,650.00

45.50

1160787

17 U 714402 5362259

Duval Lithium

Grab sample

 

20

0.00

114.00

38.10

0.34

78.60

685.00

66.90

1160788

17 U 714228 5362311

Duval Lithium

Grab sample

 

8,080

1.74

163.00

122.00

0.51

64.90

1,290.00

77.50

1160789

17 U 714293 5362284

Duval Lithium

Grab sample

 

6,210

1.34

67.00

106.00

0.39

66.80

2,020.00

105.00

1160790

17 U 714293 5362282

Duval Lithium

Grab sample

 

3,170

0.68

181.00

133.00

0.46

72.50

1,780.00

97.10

1160791

17 U 714292 5362287

Duval Lithium

Grab sample

 

4,240

0.91

249.00

184.00

0.34

119.20

2,610.00

307.00

1160792

17 U 714304 5362288

Duval Lithium

Grab sample

 

10,000

2.15

1700.00

410.00

0.48

78.40

1,010.00

239.00

1160793

18 U 289235 5366289

NAL Outcrop # 900 area

Grab sample

 

173

0.04

276.00

42.40

0.48

85.30

893.00

43.00

1160794

18 U 289254 5366282

NAL Outcrop # 900 area

Grab sample

 

72

0.02

246.00

69.70

0.43

63.60

2,010.00

44.60

1160795

18 U 289270 5366312

NAL Outcrop # 900 area

Grab sample

 

18

0.00

13.00

39.80

0.31

75.50

1,810.00

41.80

1160796

18 U 289296 5366347

NAL Outcrop # 900 area

Grab sample

 

35

0.01

187.00

48.20

0.30

94.20

1,710.00

57.60

1160797

18 U 289313 5366325

NAL Outcrop # 900 area

Grab sample

 

5,480

1.18

194.00

50.80

0.71

52.40

1,400.00

49.50

1160798

18 U 289550 5365975

NAL Outcrop # 900 area

Grab sample

 

714

0.15

93.00

50.40

0.42

137.90

1,910.00

109.00

1160799

18 U 289652 5365851

NAL Outcrop # 900 area

Grab sample

 

39

0.01

36.00

71.10

0.38

71.20

2,890.00

43.70

1160800

18 U 289797 5366117

NAL Outcrop # 900 area

Grab sample

 

18

0.00

30.00

50.10

0.54

35.20

1,550.00

48.70

1160801

18 U 289645 5366460

NAL Outcrop # 900 area

Grab sample

 

4,550

0.98

72.00

90.00

0.86

33.50

2,160.00

31.90

1160802

18 U 288548 5366609

bella / NAL Area

Grab sample

 

1,490

0.32

214.00

111.00

0.67

95.00

1,650.00

39.30

1160803

18 U 288549 5366610

bella / NAL Area

Grab sample

 

4,800

1.03

218.00

122.00

0.74

102.70

1,710.00

50.70

1160804

18 U 288554 5366608

bella / NAL Area

Grab sample

 

985

0.21

16.00

162.00

2.72

12.90

810.00

2.30

1160805

18 U 288554 5366607

bella / NAL Area

Grab sample

 

3,840

0.83

181.00

116.00

0.60

70.60

1,740.00

36.90

1160806

18 U 288552 5366608

bella / NAL Area

Grab sample

 

3,080

0.66

122.00

80.00

0.84

89.20

1,850.00

41.40

1160807

18 U 288551 5366607

bella / NAL Area

Grab sample

 

1,120

0.24

4.00

31.10

3.00

8.80

230.00

1.50

1160808

18 U 288565 5366602

bella / NAL Area

Grab sample

 

219

0.05

101.00

65.30

1.16

54.80

1,050.00

35.30

1160809

18 U 288563 5366601

bella / NAL Area

Grab sample

 

297

0.06

180.00

60.60

0.60

65.50

1,040.00

44.70

1160810

18 U 288582 5366590

bella / NAL Area

Grab sample

 

2,030

0.44

222.00

96.30

0.51

86.20

2,060.00

73.90

1160811

18 U 288616 5366548

bella / NAL Area

Grab sample

 

953

0.20

56.00

75.40

1.94

16.00

1,150.00

9.00

1160812

18 U 288616 5366547

bella / NAL Area

Grab sample

 

3,560

0.77

230.00

77.20

1.01

100.60

1,320.00

42.80

1160813

18 U 288616 5366547

bella / NAL Area

Grab sample

 

2,060

0.44

224.00

57.40

0.56

59.80

1,710.00

37.30

1160814

18 U 288613 5366546

bella / NAL Area

Grab sample

 

842

0.18

210.00

88.00

1.07

72.10

1,440.00

35.00

1160815

18 U 288611 5366545

bella / NAL Area

Grab sample

 

2,430

0.52

170.00

43.80

0.67

113.90

1,410.00

49.00

1160816

18 U 288624 5366534

bella / NAL Area

Grab sample

 

3,090

0.66

252.00

50.70

0.66

77.90

1,590.00

42.70

1160817

18 U 288550 5366600

bella / NAL Area

Grab sample

 

5,870

1.26

283.00

42.90

0.90

90.90

860.00

42.60

1160818

18 U 288488 5366868

bella / NAL Area

Grab sample

 

37

0.01

91.00

49.50

0.31

96.50

2,310.00

79.40

1160819

18 U 288497 5366887

bella / NAL Area

Grab sample

 

23

0.00

14.00

5.90

0.90

83.60

278.00

33.20

1160820

18 U 288474 5366885

bella / NAL Area

Grab sample

 

67

0.01

46.00

23.90

0.37

97.20

785.00

51.00


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