Foremost Lithium to Complete LiDAR Survey on its Peg North Property in Snow Lake, Manitoba
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Foremost Lithium to Complete LiDAR Survey on its Peg North Property
in Snow Lake, Manitoba
Vancouver, British Columbia – October 3, 2023 – Foremost Lithium Resource & Technology Ltd.
(NASDAQ: FMST) (CSE: FAT) (“ Foremost Lithium ”, “ Foremost” or the “Company ”), a North
American hard -rock lithium exploration company , today announced that EarthEx Geophysical
Solu�ons Inc. will commence LiDAR surveying at the Company’s Peg North property the week of
October 9, 2023. The upcoming LiDAR survey on the Peg North claim block will complete the
collec�on of LiDAR and high-resolu�on magne�cs over the en�rety of Foremost’s “Lithium Lane”
proper�es in the Snow Lake area, including its Jean Lake, Grass River, Zoro and Peg North
proper�es.
Foremost has flown a total of 7,472.7-line km of drone-borne magne�cs, using the exMAG system
over its en�re 43,000+ acres/17,500 ha land package. The drone magnetometer surveys were
flown with a flightline azimuth of 070º and flight-line spacing of 25m. Tie lines were established
at 250m spacing.
Figure 1. Drone Carrying a Magnetometer
“Completing the LiDAR surveying over the entirety of our Lithium Lane properties is an important
development for our exploration program ,” said Jason Barnard, President and Chief Execu�ve
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Officer of Foremost Lithium. “Utilizing aerial drone surveys to better understand the structural
details both above and below surface enables us to prioritize the best targets for future drilling.
This approach is effective on our large, 43,000 -acre district-scale Lithium Lane properties. We
look forward to sharing the results from the final LiDAR survey on Peg North once it is completed.”
Unmanned Arial Vehicles (“UAV”) and The exMAG System
UAV magne�c data lends itself very well to finding new prospec�ve drill targets. The UAV system's
resolu�on has provided excellent litho -structural detail over all Foremost's Lithium Lane
proper�es and has generated detailed 3D models of the magne�c sources on the proper�es.
Magne�c surveys can provide valuable explora�on informa�on such as depth to source, dip of
the body as well as the overall shape and morphology of the lithological unit. The exMAG system
is a geophysical system which generates industry -leading magne�c maps and 3D models by
employing advanced drone naviga� on technology to fly lower and more precise missions than
other drone -borne systems, and advanced processing methodology to generate high quality
deliverables. Its purpose is to provide Foremost with the best possible suite of tools for
characterizing the magne�c characteris�cs subsurface in their study-area, with a focus on detail
and precision.
The resolu�on of the mag survey and the exMag system allows targe�ng of bedrock structures
which may host lithium pegma�te deposits, which when coupled with 3D products from inversion
o f m a g n e � c s u r v e y d a t a p r o v i d e s a n e x c e l l e n t s o u r c e o f i n f o r m a � o n f o r F o r e m o s t L i t h i u m t o
define drill-targets on its property based on its magne�c signatures including both magne�c and
non-magne�c targets. The combina�on of previously flown magne�cs, and LiDAR collected by
EarthEx have revealed numerous important features across the various proper�es, including
structures in the exMAG drone -borne magne�c data which line up with known pegma�te
occurrences, other structures in the vicinity of known pegma�tes which suggest a pegma�te dyke
swarm may be present; topographic expressions which may indicate bodies resis�ve to
weathering, such as pegma�tes, are present.
Daniel Card, President, and Chief Geophysicist of EarthEx, commented: “The upcoming of the Peg
North LiDAR will complete blanket coverage of multiple high-resolution datasets which will serve
as an excellent foundation for exploring the impressive Lithium Lane land package. Exploration
meetings examining the previously acquired magnetic and LiDAR datasets over the rest of the
property have shown excellent correlation between the data a nd known pegmatites on the
property. This allows Foremost to use these areas as a benchmark for data signatures, which will
serve as a powerful tool for generating high quality drilling targets.”
Peg North Property
EarthEx flew a drone -assisted magne�c survey over the en�re property in Q3 of 2022 and
completed a UAV assisted high-resolu�on airborne magne�c survey. The survey was conducted
between June 15th, 2022, and October 6th, 2022, comprised 2990.5-line km, and iden�fied specific
areas of interest. The exMAG detailed magne�c data collected by EarthEx at Peg North revealed
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a 3km long discon�nuity in the northeast of the project. This major structure may provide
pathways suitable for mineraliza�on. An MMI (Mobile Metal Ion) survey by Dahrouge Geological
Consul�ng has been completed in the area this past summer with assays pending. The upcoming
LiDAR survey will commence in this area, before proceeding to cover the remainder of the Peg
North property.
Figure 2. Peg North Property’s Magne�c Fabric and Focus of it’s 3KM Structure
A review of the magne�c survey data on each of the four Lithium Lane proper�es has defined
numerous discon�nui�es in the magne�c fabric a s documented by the UAV -assisted survey.
These discon�nui�es are interpreted to reflect geological structures with the poten�al to provide
pathways for lithium -bearing pegma�te and other mineraliza�on. The orienta�ons of the
discon�nui�es are con s i s t e n t w i t h t h o s e o f t h e B 1 p e g m a � t e o n t h e C o m p a n y ' s J e a n L a k e
property and the Thompson Brothers deposit hos�ng 11.1 million metric tonnes of indicated and
inferred resources at 1% Li20 (lithium oxide).1
Similarly, high resolu�on LiDAR models of gro und eleva�on or relief on the Lithium Lane
proper�es have also defined many areas with comparable orienta�ons as known spodumene -
bearing pegma�te. Both magne�c discon�nui�es and LiDAR images with appropriate
1 htps://www.abnnewswire.net/companies/en/37973/Snow-Lake-Resources-Ltd.html
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orienta�ons, coupled with mapping and geochemical surveys compliments the magne�c survey
to provide a base to follow-up explora�on and drill targe�ng.
About Foremost Lithium
Foremost Lithium (NASDAQ: FMST) (CSE: FAT) 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 Snow 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
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.
Follow us or contact us on social media:
Twitter: @foremostlithium
Linkedin: https://www.linkedin.com/company/foremost-lithium-resource-technology/
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Company
Jason Barnard, President and CEO
+1 (604) 330-8067
Investor Relations
Michael Kim or Brooks Hamilton
MZ North America
+1 (737) 289-0835
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