Foremost Lithium Prepares to Drill High-Grade Beryl Pegmatites at Their 100% Owned Jean Lake Lithium Property in Snow Lake, Manitoba
Foremost Lithium Prepares to Drill High-Grade
Beryl Pegmatites at Their 100% Owned Jean
Lake Lithium Property in Snow Lake, Manitoba
Vancouver, British Columbia--(Newsfile Corp. - October 17, 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 has commenced preparations for a winter diamond drill program on its 100% owned
2,476 acre/1,002 hectare Jean Lake Lithium Property situated in the mine-friendly district of Snow Lake,
Manitoba. The drill targets will include the high-grade spodumene-bearing Beryl pegmatite dykes where
grab sample assays of
3.89% and 5.17% Li
2
O were received from pegmatite dyke B1 and 3.81%,
4.09% and 4.74% Li
2
O from pegmatite dyke B2
in August 2021. Elsewhere on the property coincident
drone ("UAV" or Unmanned Aerial Vehicle) magnetic lows with coincident anomalous responses for
lithium, cesium, rubidium, and niobium in soil samples analyzed with Mobile Metal Ion Technology (MMI)
will be drill tested.
The linear trend of magnetic lows defined on the Jean Lake property by the UAV-borne survey are
interpreted as the magnetic signature of the coarse spodumene-bearing Sherritt Gordon #1 and #2 and
the Grass River pegmatite dykes currently being explored and developed by Snow Lake Resources Ltd.
There are also linear trends of magnetic lows associated with the high-grade Beryl pegmatites which will
be drill tested.
Figure 1 - Magnetic image covering the Jean Lake property. The gap in the image is due to the
location of Hydroelectric power lines crossing the property. Location B-1 assayed 3.89% Li
2
O
connects with target 11; and Location B2 (red circle) assayed 5.17% Li
2
O and connects with target 10
To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/4689/140680_a21ad187e426699f_001full.jpg
The UAV-borne magnetic surveys were flown by EarthEx Geophysical Solutions Inc. (Selkirk, Manitoba)
with financial support from the Manitoba Mineral Development Fund. MMI analyses were undertaken in
the laboratories of SGS Canada Inc. Burnaby (B.C.).
Daniel Card, President of EarthEx Geophysical Solutions Inc., states,
"It is encouraging to see the
coincidence of high-quality UAV-assisted magnetic responses with geochemical anomalies from the
Jean Lake property. The combination of these two datasets makes for compelling drill targets."
The drill program will be staged from a base in Snow Lake with helicopter support from Gogal Air
Services. Assay samples from drill core will be shipped to Activation Laboratories ("ACTLABS";
Ancaster, Ontario) for lithium and related element analysis using analytical approach UT-7 after a total
sodium peroxide fusion.
Jason Barnard, Director at Foremost states,
"The high-grade samples from the Beryl pegmatite dykes
of 3.89 and 5.17% Li2O from pegmatite dyke B1 and the samples of 3.81, 4.09 and 4.74% Li2O from
pegmatite dyke B2 on our Jean Lake Lithium Property was an exciting development through our
exploration program. With continued prospecting including drone assisted airborne geophysics,
Foremost is moving into a planned drill program with defined, and de-risked targets. I look forward to
our next phase upon commencement of drilling."
Quality Assurance and Quality Control Protocols
Foremost Lithium has established a collection, preparation, and analysis monitoring system that follows
industry best practices including quality assurance and quality control programs and formal chain of
custody procedures.
Rock samples are described in the field and then reduced to fist-sized fragments or less. After logging
drill core are sawn in half with one half of the core retained in the core box. Both rock chips and sawn
core are placed into pre-labeled sample bags and stored in sealed and labeled vinyl pails prior to
shipping.
Rock and core samples are submitted for sample preparation to Activation Laboratories Ltd. (Actlabs)
located in Ancaster, Ontario. Samples are crushed with up to 80% passing 2 mm, riffle split into 250-
gram aliquots and pulverized using mild steel to 95% passing 105 microns. Gold is determined by
Instrumental Neutron Activation (INAA) with over-range assays by fire assay on a 30-gram sample. For
samples with visible gold, analysis is by metallic screen assay. Samples for lithium and related elements
are analysed by ICP-MS using Actlabs package "UT-7" after a sodium peroxide fusion. Activation
Laboratory's In-house quality assurance and quality control protocols are supplemented by Foremost
Lithium's standards, blanks and field duplicate samples which are inserted into the sample stream at
regular intervals. These standards comprise approximately 10% of the total number of samples.
Accuracy, precision, and contamination are routinely monitored.
Technical information relating to the Jean Lake Property contained in the news release has been
approved by Lindsay Bottomer, Q.P., 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
Jason Barnard, Director
About Foremost Lithium Resource & Technology Ltd.
Foremost Lithium is a hard-rock exploration company strategically located to capitalize on the 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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@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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