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VANCOUVER, BC, (April 10th, 2023) - FE Battery Metals Corp. (CSE: FE) (OTCQB: FEMFF) (WKN: A2JC89) (“FE Battery Metals” or the “Company) is pleased to announce results of Drill Hole LC23-50 from the current 2023 drill program at its flagship Augustus Lithium Property in Quebec, Canada. Drill hole LC23-50 intersected multiple sections of lithium mineralization, including a 17.45-metre-wide section of 1.19 percent lithium oxide (Li2O) at 82.4 m drilled depth.

This new drill hole was cored to test the eastward extension of LC21-16, which previously yielded results of 1.17% Li2O over 19m at a depth of 126m. The results of LC23-50 better allow us to understand the geometry of one of the main higher-grade lithium pegmatite zone. The Company is planning both follow-up drilling and 3D modelling of the lithium-bearing rock units.

Highlights

  • The main lithium pegmatite zone (pegmatite intercept 4) in Hole LC23-50 is 17.45 m wide with average 5,558 parts per million (ppm) lithium (Li) or 1.19% Li2O at 82.4m drilled depth. In addition, there are anomalous values of other rare metals in this section such as beryllium (Be), cesium (Cs), niobium (Nb), and tantalum (Ta).
  • Drill Hole LC23-50 intersected eight lithium pegmatite intercepts as follows:
    • Pegmatite intercept 1 with average 1,915 ppm Li or 0.41% Li2O over 1.77 meters at 11.23 m drilled depth.
    • Pegmatite intercept 2 with average 1,610 ppm Li or 0.35% Li2O over 2 meters at 25 m drilled depth.
    • Pegmatite intercept 3 is a low-grade zone with average 917 ppm Li or 0.20% Li2O over 4.4 meters at  31m drilled depth.
    • Pegmatite intercept 4 with average 5,558 ppm Li or 1.19% Li2O over 17.45 meters at  82.85m drilled depth.
    • Pegmatite intercept 5 with average 5,099 ppm Li or 1.10% Li2O over 10 meters at  106m drilled depth. This intercept also has a 1.67 m section with 1,700 ppm cesium and 2,030 ppm chromium. Rubidium in two sections is over 5,000 ppm which is above the method detection limits.
    • Pegmatite intercept 6 with average 6,625 ppm Li or 1.42% Li2O over 2 meters at  180m drilled depth.
    • Pegmatite intercept 7 is a low-grade zone with average 244 ppm Li or 0.05% Li2O over 4 meters at  194m drilled depth.
    • Pegmatite intercept 8 with average 3,146 ppm Li or 0.68% Li2O over 8.5 meters at  210m drilled depth.
    • All pegmatites have anomalous values of other rare metals.
    • All intersections reported are based on drilled width and have not been converted to the true width.   

See Table 1 Below for Full Details

Drill hole LC23-50 was drilled at location 5367757.986 N, 287214.019E, UTM NAD 1983 Zone 18N, at azimuth 51.3 degrees and dip -49.4 with a drilled depth of 252 m. The drill hole was placed at the main Augustus zone. 

Gurminder Sangha, CEO & Director, stated, “We are very excited to see such promising drill results at Augustus and are currently endeavouring to define the size and shape of the high-grade zones. With Quebec now a hard rock lithium hotspot, this is a significant milestone for our company. We look forward to further unlocking the potential of Augustus, which is located just a few kilometres from the now-operational North American Lithium Mine.”

The drill core is logged and sampled at the core shack using a rock saw. A core shack is built at the village of St-Dominique du Rosaire located about 50km from the Property for drill core logging, sample preparation and storage. For quality control and quality assurance (QA/QC), field duplicates, standards and blanks are being inserted at industry standard intervals. The samples were bagged and tagged using best practices and were delivered to Activation Laboratories (“ACTLABS”), Ancaster, Ontario for sample preparation and analyses using laboratory code Ultratrace 7 and sodium peroxide fusion (Na2O2) as summarized below. ACTLABS is an independent commercial, accredited ISO Certified Laboratory.

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 LC23-50 Highlights

Analyte Symbol

Depth

Depth

Width

Li

Li2O

Be

Co

Cr

Cs

Fe

Nb

Ni

Rb

Ta

Unit Symbol

From

To

 

ppm

%

ppm

ppm

ppm

ppm

%

ppm

ppm

ppm

ppm

Detection Limit

 

 

 

15

 

3

0.2

30

0.1

0.05

2.4

10

0.4

0.2

Analysis Method

m

m

m

FUS-Na2O2

1158091

11.23

12

0.77

1,620

0.35

215

1

50

22

0.44

59.1

30

98.8

83.2

1158092

12

13

1

2,210

0.48

507

1.1

50

40.7

0.51

83.8

20

84.9

132

First Intercept

11.23

13

1.77

1,915

0.41

361

1.05

50

31.35

0.475

71.45

25

91.85

107.6

1158093

25

26

1

2,010

0.43

285

1.6

60

16.5

0.45

66.7

40

73.8

78.2

1158094

26

27

1

1,210

0.26

375

1.3

60

11.4

0.4

44.6

30

93.7

46.6

Second Intercept

25

27

2

1,610

0.35

330

1.45

60

13.95

0.425

55.65

35

83.75

62.4

1158095

31

32

1

46

0.01

76

1.1

40

6.6

0.28

44.1

20

55.8

65.6

1158096

32

33

1

108

0.02

114

1.2

40

14.6

0.35

70.1

20

89.7

168

1158097

33.8

34.8

1

3,380

0.73

252

0.6

40

22

0.42

85.9

10

205

85.4

1158098

34.8

35.4

0.6

134

0.03

140

1.8

40

32.4

0.46

65.3

10

221

101

Third Intercept

31

35.4

4.4

917

0.20

145.5

1.175

40

18.9

0.3775

66.35

15

142.88

105

1158099

82.4

83.4

1

1,490

0.32

24

29.1

200

102

5.25

9

120

588

3.9

1158101

83.4

84.6

1.2

670

0.14

33

6.6

90

142

1.29

19.4

50

713

30.3

1158102

84.6

85.6

1

140

0.03

21

1.1

40

14.2

0.33

32.7

20

99.2

68.9

1158103

85.6

86.6

1

367

0.08

43

0.4

30

7.1

0.37

42.9

< 10

49.3

101

1158104

86.6

87.6

1

381

0.08

12

0.6

50

4.8

0.37

41.7

10

42.7

85.2

1158105

87.6

88.6

1

5,000

1.08

141

0.7

60

17.7

0.4

35.7

20

113

79.4

1158106

88.6

89.6

1

5,080

1.09

301

1.2

60

26.6

0.46

78

40

89.6

68.3

1158107

89.6

90.6

1

7,400

1.59

279

0.9

60

41.7

0.46

73

20

324

101

1158108

90.6

91.6

1

9,100

1.96

192

0.4

50

84.9

0.44

68.4

10

2200

57.3

1158109

91.6

92.6

1

10,400

2.24

225

5.2

70

60.1

0.52

71.6

40

1210

102

1158111

92.6

93.6

1

14,800

3.18

357

8.6

40

52.3

0.54

85.7

20

377

113

1158112

93.6

94.6

1

8,650

1.86

198

0.5

40

48.5

0.48

75

10

734

132

1158113

94.6

95.6

1

6,280

1.35

120

0.7

40

28.2

0.44

75.1

20

304

99.5

1158114

95.6

96.6

1

8,450

1.82

227

0.9

50

35

0.46

74.3

10

276

104

1158115

96.6

97.6

1

8,120

1.75

295

0.5

50

35.2

0.52

81.3

10

153

91.3

1158116

97.6

98.85

1.25

3,500

0.75

149

1.1

40

37.5

0.5

42.4

10

186

58

1158117

98.85

99.85

1

4,650

1.00

15

31.8

200

138

6.32

11.4

120

887

2.1

Fourth Intercept

82.4

99.85

17.45

5,558

1.19

154.82

5.3118

68.824

51.518

1.1265

53.976

33.125

490.93

76.306

1158118

106

107.05

1.05

2,380

0.51

66

27.5

280

191

4.16

21.2

200

694

17.8

1158119

107.05

107.7

0.65

6,950

1.49

307

1.3

40

64.6

0.73

54.1

20

270

51.2

1158121

107.7

109.37

1.67

1,410

0.30

28

75.7

2030

1700

5.95

4.1

1040

> 5000

2.7

1158122

109.37

110.37

1

8,310

1.79

251

0.9

50

49.4

0.49

45.4

20

124

59.5

1158123

110.37

111.37

1

4,620

0.99

159

0.5

50

27.4

0.46

63.5

10

96.9

93.2

1158124

111.37

112.37

1

3,930

0.84

171

4.2

90

93

0.87

43.7

40

487

70.3

1158125

112.37

113.37

1

8,660

1.86

252

1.4

50

26.9

0.56

19.7

30

126

54.1

1158126

113.37

114.37

1

1,100

0.24

126

0.4

30

18.4

0.27

24

10

153

33.9

1158127

114.37

115.15

0.78

9,760

2.10

79

1

40

24

0.49

31.6

20

192

172

1158128

115.15

116

0.85

3,870

0.83

130

47.7

430

2460

6.82

33.5

310

> 5000

39.9

Fifth Intercept

106

116

10

5,099

1.10

156.9

16.06

309

465.47

2.08

34.08

170

267.86

59.46

1158129

180

181

1

6,650

1.43

24

33.6

190

672

6.54

7.7

140

1600

1.4

1158131

181

182

1

6,600

1.42

20

37.3

200

774

6.91

9.3

130

1770

3.9

Sixth Intercept

180

182

2

6,625

1.42

22

35.45

195

723

6.725

8.5

135

1685

2.65

1158132

194

195

1

85

0.02

35

1.1

40

16.6

0.33

48.3

20

111

25

1158133

195

196

1

127

0.03

145

0.6

30

16.8

0.42

267.1

10

146

89.4

1158134

196

197

1

84

0.02

230

1.1

50

14.6

0.28

87.2

70

50.5

62.3

1158135

197

198

1

678

0.15

176

47.4

1040

974

3.11

33.8

930

3530

51.7

Seventh Intercept

194

198

4

244

0.05

146.5

12.55

290

255.5

1.035

109.1

257.5

959.4

57.1

1158136

210.5

211.78

1.28

1,550

0.33

115

50.1

420

1030

7.22

20.6

230

3630

4.6

1158137

211.78

213

1.22

5,330

1.15

178

0.8

50

23.9

0.49

99.5

30

138

112

1158138

213

214

1

7,770

1.67

240

0.5

40

73.3

0.47

72.2

10

1060

88.2

1158139

214

215

1

1,770

0.38

49

0.6

40

55.2

0.51

59.4

20

2810

28.4

1158141

215

216

1

1,850

0.40

108

10.6

50

50.1

0.5

83.3

90

2100

47.8

1158142

216

217.1

1.1

2,320

0.50

157

11.2

200

291

1.5

48.1

120

3260

71

1158143

217.1

218.15

1.05

3,280

0.71

116

4.6

60

107

1.02

68.1

50

849

65.9

1158144

218.15

219

0.85

1,300

0.28

20

21.8

190

303

3.72

8.8

120

895

6.2

Eighth Intercept

210.5

219

8.5

3,146

0.68

122.9

12.53

131.3

241.7

1.929

57.5

83.75

1843

53.01

 


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