Foremost Lithium Receives Assays for New Pegmatite Discovery Dyke 16 and for Dyke 8 on Its 100% Owned Zoro Lithium Project in Snow Lake, Manitoba
Foremost Lithium Receives Assays for New
Pegmatite Discovery Dyke 16 and for Dyke 8
on Its 100% Owned Zoro Lithium Project in
Snow Lake, Manitoba
Vancouver, British Columbia--(Newsfile Corp. - July 28, 2022) -
Foremost Lithium Resource &
Technology Ltd. (CSE: FAT) (OTCQB: FRRSF) (FSE: F0R0) (WKN: A3DCC8) ("Foremost" or
the "Company")
(
www.foremostlithium.com
) is pleased to announce it has received assay results from
core samples collected from its previously announced ten-hole 1,509 metre drill program on its 100
percent owned Zoro Lithium Project located near the historic mining district of Snow Lake, Manitoba. As
disclosed in Table 1, below, highlight assay results include 1.33% Li2O on the newly discovered Dyke
16. The program tested geological and Mobile Metal Ion ("MMI") soil geochemical targets and assessed
previously discovered Dyke 8 at its deeper levels. Multi-element analyses for lithium and related
elements and gold assays were undertaken by Activation Laboratories ("Actlabs"; Ancaster, Ontario).
John Gravelle, President and CEO of Foremost Lithium, comments,
"The ongoing discovery of the 16th
spodumene - bearing pegmatite dyke on our Zoro property has been confirmed by our latest drill
program. With the results of a recently completed UAV-assisted magnetic survey and our historic and
current exploration database we look forward to defining additional follow-up opportunities for lithium
pegmatite diamond drilling exploration on our Zoro property."
Lithium
Dyke 16-
The newest spodumene-bearing pegmatite dyke to be discovered on the Zoro property. A
total of 8.28 metres of spodumene-bearing pegmatite was intersected by two drill holes, DDH FM22-70
and DDHF22-70B in 2022, which intersected spodumene-bearing pegmatites between 32.44m and
35.80m. Assay results vary from 0.04% to 1.33% Li2O in 4 core samples over 3.36m. Hole-DDHFM22-
70B, drilled to undercut the first pegmatite intercept, intersected 4.92m of spodumene-bearing
pegmatite with lithium contents varying from 0.04% to 1.05% Li
2
O in 5 core samples (Table 1).
Spodumene contents in the dykes vary between 3 and 15%, are light green in colour and occur as
individual crystals and crystal aggregates. The host rocks are fine-grained, variably altered foliated
basalt.
Related metal concentrations in Dyke 16 for Cs (225-476 ppm), Nb (74.9-116.2 ppm) and Ta (28.3-89.7
ppm) compare favourably with those for Dyke 1.
Dyke 8-
High-grade spodumene pegmatite Dyke 8 was discovered on the Zoro property in 2018 by drill
testing of a Mobile Metal Ions soil geochemical anomaly. Discovery hole Far18-35 intersected 36.5m of
spodumene-bearing pegmatite including individual intercepts of 12.3m of 1.1% Li
2
O, 4.4 m of 1.2 %
Li
2
O, and 2.2 m of 1.5% Li
2
O.
Hole-DDHFM22-71 undercut the original 2018 pegmatite discovery and intersected two discrete
pegmatites.
A spodumene-bearing pegmatite was intersected between 70.45 and 75.89m and a
second between 84.4 m and 86.65 m. Host rocks include fine-grained, variably altered, and foliated
basalt +/- pyroxene. Assay results from the first pegmatite intersection vary from 0.05%-0.86% Li
2
O in 5
core samples over 4.71 m and 0.05% Li
2
O in each of 2 core samples over 2.25 m from the second
pegmatite intersection (Table 1).
As demonstrated in Table 1, below, the highest concentrations for related metals Cs (1440 ppm) and Nb
(137.9); cf. sample 423028; (Table 1) in Dyke 8 occur in a pegmatite with no visible spodumene. The
Li
2
O content in this sample is 0.21% suggesting the likely but undetected presence of a lithium-bearing
mineral. Tantalum analyses from Dyke 8 core samples vary between 30.2 ppm and 88.5 ppm.
Gold
Fine-grained disseminated, veinlet and fracture-controlled arsenopyrite, pyrite and lesser chalcopyrite
were observed in the core from Hole-DDHFM22-072. Fifty-one drill core samples were collected from
silicified and locally quartz-potassium feldspar flooded quartz feldspar porphyry (QFP) and 5 core
samples from Hole-DDHFM22-063 in dark green, foliated, chloritic and silicified basalt locally
overprinted with pink and red garnet. Mineralized intervals in altered QFP varied from 2 m to 21.8 m and
in a single interval of 3.89 m in altered basalt.
Results for the QFP have a range in concentration of below detection of 1part per billion to 4.76 g/t gold
with an average of 0.31g/t. The highest gold content of 4.76 g/t occurs in a 0.68 m wide grey, mottled,
foliated and boudinage QFP with visibly altered feldspar phenocrysts. Assays from the altered basalt
samples vary from below detection of 1part per billion to 0.16 g/t over a core interval of 3.89 m.
All samples were analyzed for gold contents based on a 30-gram fire assay and an Instrumental Neutron
Activation Analysis (INAA) finish.
Table 1. Summary of NQ core assay results for lithium and related metals from spodumene-bearing
pegmatites and pegmatites without visible
spodumene, 2022 Zoro lithium property drill program.
Analysis by Actlabs procedure UT-7 that combines a total sodium peroxide fusion with ICP-MS finish.
Dyke 16
DDHFM22-070
NQ Core Sample
Depth (m)
Width (m)
Li ppm
Li20%
Cs ppm
Nb ppm
Ta ppm
423011
32.44-33.24
0.8
203
0.04
296
137
86.6
423012
33.24-34.0
0.76
1040
0.22
226
116.2
89.7
423013
34.0-35.0
1
6220
1.33
260
84.3
58.8
423014
35.0-35.8
0.8
4000
0.86
253
97.1
47.4
DDHFM22-070B
423015
43.21-44.0
0.79
200
0.04
395
107.9
65.3
423016
44.0-45.0
1.0
3030
0.65
225
74.9
28.3
423017
45.0-46.0
1.0
4890
1.05
319
113.3
35.7
423018
46.0-47.0
1.0
4460
0.96
301
111.5
35.7
423019
47.0-48.13
1.13
4030
0.86
476
106.5
61.9
Dyke 8
DDHFM22-071
423021
70.45-71.30
0.85
563
0.12
328
99.9
63.1
423022
71.30-72.30
1.0
4030
0.86
384
57.1
30.2
423023
72.30-73.30
1.0
1770
0.38
562
61.3
46.2
423024
73.30-74.27
0.97
1170
0.25
362
92.6
52.8
423025
75.20-75.89
0.69
659
0.14
565
135
55.2
423026
84.40-85.50
1.10
275
0.05
330
49.6
31.6
423027*
85.5-86.65
1.15
246
0.05
414
62.8
34.3
423028*
148.74-149.4
0.65
1000
0.21
1440
137.9
88.5
423029*
150.76-151.7
0.94
440
0.09
777
67.3
32.8
423031*
151.7-152.65
0.95
429
0.09
539
90.4
59.3
Note: * Refers to no visible spodumene observed in core sample
Future Exploration
Exploration on the Zoro property will be based on the ground truthing of UAV-assisted magnetic surveys
and the integration of any anomalous magnetic signatures with soil and rock chip geochemical survey
data. This database will be combined with historic and current exploration data to provide drill targets.
Sample Shipping, Preparation and Analysis
After core logging, all samples were sawn in half and one half of the core placed in labelled sample bags
and stored in sealed white vinyl pails until securely transported to Activation Laboratories for sample
preparation, UT-7 multielement analysis and fire assay. The UT-7procedure is based upon a sodium
pyrophosphate total dissolution and analysis by ICP-MS.
All core samples were prepared by crushing to 80% passing 2mm, riffle split (250 gram), and then
pulverized using mild steel to 95% passing 105 µm (Actlabs Code RX1). Gold content was determined
by fire assay of a 30-gram sample with INAA finish (Actlabs method code 1A1).
QA/QC Statement
All samples collected during the 2022 drill program were analyzed for lithium and related metals to be
consistent with previous years submissions for UT-7 analysis of pegmatite samples. Rock sample
analyses have been independently monitored with a quality assurance/quality control ("QA/QC") protocol
which includes the insertion of blind standard reference materials and analytical blanks at regular
intervals.
Activation Laboratories is independent of Foremost Lithium and its Ancaster facility is ISO9001:2015
certified. Activation Laboratories also performs internal QA/QC procedures to assure the accuracy and
integrity of results. Parameters for both Actlabs internal and Foremost' s external blind quality control
samples were acceptable for the samples analyzed. Foremost Lithium is not aware of any sampling, or
other factors that could materially affect the accuracy or reliability of the data referred to herein.
QP Statement
Core logging and sampling were completed under the supervision of Dr. Mark Fedikow. All samples are
collected and maintained in accordance with established QA/QC protocols.
The technical content of this
news release has been reviewed by Dr. Mark Fedikow, P.Geo. who is a Qualified Person as defined by
NI 43-101.
About Foremost Lithium Resource & Technology Ltd.
Foremost Lithium is a resource exploration company committed to having a critical role in the production
of high-quality battery-grade lithium hydroxide to fuel the electric vehicle and battery storage market.
Given the importance and global focus on increasing decarbonization, the company is hyper-focused on
continued exploration and growth on its six lithium projects: Jean Lake, Grass River Claims, Zoro, Jol
and the Peg North Claims, 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.
For further information please contact:
John Gravelle
President and CEO
Foremost Lithium Resource &Technology Ltd.
Email:
Phone: +1 (604) 330-8067
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@foremostlithium
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Forward-looking statement:
This news release contains "forward-looking statements" and "forward-looking information" (as defined
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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;
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www.sedar.com
for further information respecting the risks affecting the Company and its
business.
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