Foremost Lithium Announces a 7,500 Metre Winter Drill Program on Its Zoro Lithium Property
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Foremost Lithium Announces a 7,500 Metre Winter Drill Program on
Its Zoro Lithium Property
Drilling at Zoro will Focus on Dyke 1 as It Is Open Along Strike and at Depth
Providing Excellent Potential for Further Resource Development
Vancouver, British Columbia – December 28, 2023 - Foremost Lithium Resource & Technology
Ltd. (NASDAQ: FMST) (CSE: FAT) (“Foremost Lithium”, “Foremost” or the “Company”), a North
American hard-rock lithium exploration company, is pleased to announce today its drilling plans
on its Zoro Lithium Property located near the historic mining centre of Snow Lake in Manitoba.
The Company is comple�ng plans in prepara�on of 30-hole, 7,500-metre diamond drill winter
program including submi�ng work permits at the Manitoba Mines Branch. The drill program on
the Zoro Property will be in addi�on to the Company’s recently announced 2,500 metre diamond
drill program on its Jean Lake Lithium/Gold Property located in the same mining centre . Drilling
on both proper�es will total 10,000 metres.
Foremost Lithium ’s Zoro and Jean Lake Proper�es share con�guous borders with Snow Lake
Lithium’s Thompson Brothers and Grass River proper�es , which are disclosed as having an
aggregate measured, indicated and inferred resource es�mate of approximately 8.2 million
tonnes of 1% Li2O . The Zoro Property is directly adjacent to the Thompson Brother’s (“TB”)
lithium trend, known for hos�ng several lithium enriched occurrences. The Zoro Property is also
adjacent to the Crowduck Bay Fault which is a significant regional focus for the development of
lithium-enriched pegma�te clusters (Figure 1).
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Figure 1: Loca�on of the Zoro Property
Jason Barnard, Chief Execu�ve Officer and President of Foremost Lithium, comments: “This is the
most aggressive drill program our company has embarked on to date. With the most recent
announcement of drilling on our Jean Lake Lithium/Gold Property, we will be running two winter
drill programs on two different projects for a combined 10,000 metres of drilling this winter. We
are pleased to be working our first drill program with Dahrouge and feel confident that we will be
able to optimize our resource potential on both our Zoro and Jean Lake Properties to increase
shareholder value.”
Dyke 1
Drilling at the Zoro Property will focus on Dyke 1, which par�ally outcrops at surface and hosts an
inferred resource from a single high -grade lithium bearing spodumene pegma�te of 1,074,567
tons at a grade of 0.91% Li2O, with a cut-off of 0.3%, as set forth in the Company’s filed SK-1300
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Technical Report Summary (2023) and NI -43-101 Technical Report (2018). Mineraliza�on is
defined for 265 metres along strike and to a depth of 265 m etres and atains widths of up to 40
metres. Dyke 1 has not been drilled since 2 018 and is open along strike and at depth providing
excellent poten�al for further resource development. Figure 2 (below) displays previous historic
drill holes in Dyke 1, but also highlights this Dyke 1’s poten�al in the upcoming drill program, as
it displays an abundance of undrilled area for further resource development.
Figure 2: 3-D Model of Dyke 1 with previous and historic drillholes
Dahrouge Geological Consul�ng (“DGC”) conducted a summer explora�on program with the goal
of collec�ng surficial structural data to aid in drill targe�ng while also verifying the presence of
spodumene-mineralized pegma�te on surface at Dyke 1. DGC plans to further inves�gate the
spodumene-bearing pegma�tes on Dykes 8, 3 and 16 with this drill program (Figure 3).
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Figure 3: 3D model of showing the proposed shape and rela�onship of Dyke 2, 3, 5, 6, 7, and 8 with
previous intersec�ng drill holes.
Dyke 8
Dyke 8 has been previously intersected by eight holes (total of 98.25 m etres), intersec�ng high-
grade lithium in 36.5 metres of spodumene-bearing pegma�te, including, 12.3 metres of 1.1%,
Li2O, 4.4 metres of 1.2% Li2O and 2.2 metres of 1.5% Li2O. This Dyke has been defined over 120
metres in length, 5-15 metres in width and has been drilled to a depth of 157 meters and remains
o p e n i n a l l d i r e c � o n s . Dyke 3 is also open in all direc�ons and further drill tes�ng will be
performed to confirm the rela�onship between Dyke 8 and Dyke 3 (Figure 4).
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Figure 4: Display showing possible connec�on of Dyke 8 and 3
DGC is currently finalizing all details of the Zoro Property winter drill program, including securing
all vendors and facili�es . Drilling is expected to commence in Q1 of 2024 and Foremost will
provide addi�onal updates in in due course.
Qualified Person
Technical informa�on in this news release has been reviewed and approved by Dr. Mark Fedikow,
P.G e o ., who is a Qualified Person as iden�fied by Canadian Na�onal Instrument 43-101-Standards
of Disclosure for Mineral Projects and as defined by the Securi�es and Exchange Commission’s S-
K 1300 rules for mineral deposit disclosure.
About Foremost Lithium
Foremost Lithium (NASDAQ: FMST) (CSE: FAT) (FSE: F0R0) (WKN: A3DCC8) is a hard -rock lithium
exploration company focused on empowering the North American clean energy economy.
Foremost’s strategically located lithium properties extend over 43,000 acres in S now Lake,
Manitoba, and hosts a property in a known active lithium camp situated on over 11,400 acres in
Quebec called Lac Simard South.
Foremost’s four flagship Lithium Lane Projects as well as its Lac Simard South project are located
at the tip of the NAFTA superhighway to capitalize on the world's growing EV appetite, strongly
positioning the Company to become a premier supplier of North America's lithium feedstock. As
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the world transitions towards decarbonization, the Company's objective is the extraction of
lithium oxide (Li₂O), and to subsequently play a role in the production of high- quality lithium
hydroxide (LiOH), to help power lithium -based batteries, critical in developing a clean -energy
economy. Foremost Lithium also has the Winston Gold/Silver Property in New Mexico USA. Learn
More at www.foremostlithium.com.
Contact and Information
Company
Jason Barnard, President and CEO
+1 (604) 330-8067
Investor Relations
Lucas A. Zimmerman
Managing Director
MZ Group - MZ North America
(949) 259-4987
www.mzgroup.us
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cause ac�ons, events or results not to be as an�cipated, es�mated or intended. There can be no assurance that such statements
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will prove to be accurate as actual results and future events could differ materially from those an�cipated in such statements.
Although the Company believes that the expecta�ons reflected in such forward- looking statements are based upon reasonable
assump�ons, it can give no assurance that its expecta�ons will be achieved. Forward -looking informa�on is subject to certain
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could impact the Company and the statements contained in this news release can be found in the Company’s filings with the
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