Foremost Lithium Receives Work Permit to Commence a 3,000 Metre Drill Program on Jean Lake Lithium Property in Snow Lake Manitoba
Foremost Lithium Receives Work Permit to
Commence a 3,000 Metre Drill Program on
Jean Lake Lithium Property in Snow Lake
Manitoba
Highlights
The focus of this drill program will be the Beryl Dyke B1 which returned two grab samples
assaying 3.89 and 5.17% Li2O, and Beryl Dyke B2 which returned three grab samples
assaying 3.81, 4.09 and 4.74% Li2O in addition to linear UAV-assisted magnetic trends
overlain by soils with elevated lithium content (see figure 1)
Compelling targets were developed by integrating results from drone magnetic surveys,
prospecting/geological field observations assisted by Lidar surveys and soil geochemical
survey data
Vancouver, British Columbia--(Newsfile Corp. - November 21, 2022) -
Foremost Lithium Resource &
Technology Ltd.
(CSE: FAT) (OTCQB: FRRSF) (FSE: F0R0) (WKN: A3DCC8)
(
www.foremostlithium.com
) (
"
Foremost Lithium, Foremost
or the
Company)
is pleased to
announce that it received a work permit from the Mining Permit office of the Manitoba Government and
has finalized plans to begin a 24-hole, 3,000 metre diamond drill program on its 100% owned Jean Lake
Lithium Project located near the historic mining town of Snow Lake, west-central Manitoba commencing
on December 02, 2022.
The Company has signed a drill contract with BRL Drilling Ltd. (Temagami, Ontario), air support, core
storage and preparation facilities in Snow Lake will be provided by Gogal Air Services, drill pads will be
cut by Moss Line Cutting Ltd. (Snow Lake) and field technical support will be provided by Golden Frost
Exploration (Oakbank, Manitoba).
Figure 1 depicts the linear magnetic anomalies of B1 and B2 and the location of the proposed
drill holes
To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/4689/144967_ef60f5bc942e3bdd_001full.jpg
The Jean Lake lithium property is located at the east end of the prolific Paleoproterozoic Flin Flon-Snow
Lake greenstone belt. The Jean Lake property was first prospected in 1931 by Peter Kobar, who
optioned the property to Sherritt Gordon Mines Ltd (SGM). A 1942 exploration program by SGM
consisted of 19 shallow drill holes resulting in the discovery of three spodumene-bearing pegmatite
dykes, SGM-1, -2 and -3.
SGM-3, now referred to as the Beryl dyke or B1, was re-discovered on the Jean Lake property in 2021
by prospecting beneath 80 years of organic and inorganic debris. Two rock samples from Beryl dyke B1
assayed 3.89 and 5.17% Li2O.
A second nearby spodumene-bearing pegmatite named B2, also
discovered by prospecting, gave assay results of 3.81, 4.09 and 4.74% Li2O in three rock samples
(Foremost Lithium news release October 17, 2022) Both B1 and B2 and linear UAV-assisted magnetic
trends overlain by soils with elevated lithium contents are the focus of this drill program.
Mark Fedikow, Vice President of Exploration, states:
"We are anxious to have the drills turning on
Jean Lake to test our integrated targets consisting of the high-grade B1 and B2 pegmatite dykes and
UAV-defined linear magnetic trends with coincident lithium soil geochemical anomalies.
Our field
crews have mobilized to the Jean Lake property in Snow Lake where they are finalizing drill plans and
drill site set-ups."
Technical information relating to the Jean Lake Property contained in the news release has been
approved by Lindsay Bottomer, P. Geo, who is a "Qualified Person" within the meaning of National
Instrument 43-101 Standards of Disclosure for Mineral Projects.
On Behalf of the Board of Directors,
Andrew Lyons, CFO and Director
About Foremost Lithium Resource & Technology Ltd.
Foremost Lithium is a hard-rock exploration company strategically located to capitalize on world's
growing EV appetite and is committed to being a premier supplier of North America's lithium feedstock.
As the world transitions towards decarbonization, the company is focused on exploration and growth on
its 5 Lithium Lane Projects in Snow Lake Manitoba, and its Hidden Lake Lithium Project in the
Northwest Territories. Foremost Lithium also has the Winston Gold/Silver Property in New Mexico USA.
Foremost Lithium Resource &Technology Ltd.
Email:
Phone: +1 (604) 330-8067
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Twitter: @foremostlithium
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Forward-Looking Statements
This news release contains "forward-looking statements" and "forward-looking information" (as defined
under applicable securities laws), based on management's best estimates, assumptions, and current
expectations. Such statements include but are not limited to, statements with respect to the plans for
future exploration and development of the Company's properties and the acquisition of additional
exploration projects. Generally, these forward-looking statements can be identified by the use of forward-
looking terminology such as "expects", "expected", "budgeted", "forecasts", "anticipates" "plans",
"anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective",
"prospective", and similar expressions, or that events or conditions "will", "would", "may", "can", "could"
or "should" occur. These statements should not be read as guarantees of future performance or results.
Such statements involve known and unknown risks, uncertainties and other factors that may cause actual
results, performance or achievements to be materially different from those expressed or implied by such
statements, including but not limited to: risks related to the Company's projects; risks related to general
economic conditions, actual results of current exploration activities, unanticipated reclamation expenses;
changes in project parameters as plans continue to be refined; fluctuations in prices of metals including
gold; increases or decreases in market prices of mining consumables, possible variations in resource
estimates, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated;
accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of
the mining industry; delays in the completion of exploration, development or construction activities,
changes in national and local government regulation of mining operations, tax rules and regulations,
changes in applicable laws or stock exchange policies and receipt of any requires regulatory approvals
and political and economic developments in areas in which the Company operates. Although the
Company has attempted to identify important factors that could cause actual results to differ materially
from those contained in forward-looking statements, there may be other factors that cause results not to
be as anticipated, estimated or intended. There can be no assurance that such statements will prove to
be accurate, as actual results and future events could differ materially from those anticipated in such
statements. The forward-looking statements and forward-looking information are made as of the date
hereof and are qualified in their entirety by this cautionary statement. The Company disclaims any
obligation to revise or update any such factors or to publicly announce the result of any revisions to any
forward-looking statements or forward-looking information contained herein to reflect future results,
events or developments, except as require by law. Accordingly, readers should not place undue reliance
on forward-looking statements and information. Please refer to the Company's most recent filings under
its profile at
www.sedar.com
for further information respecting the risks affecting the Company and its
business.
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