First Energy Metals (CSE: FE) (OTCQB: FEMFF), a publicly traded Canadian mineral exploration company, has entered into an agreement to acquire a lithium exploration property located in Ontario, Canada. The 960-hectare property, called Falcon Lake Lithium, is comprised of some 48 mining claims and is in the Thunder Bay Mining District. According to the announcement, the property features three spodumene-bearing lithium pegmatite occurrences. Those occurrences haven’t been explored for more than 50 years, with the first reported work on the property conducted in 1956 by British Canadian Lithium Mines Ltd. A geological mapping was carried out about a decade ago, along with litho-geochemical sampling, trenching, channel sampling and diamond drilling. A report showed four returned analyses greater than 10,000 ppm Li (2.26% to 2.82% Li 2 O), along with associated anomalous beryllium, cesium, gallium, niobium, rubidium and tantalum results. Six of the remaining 26 samples showed anomalous lithium results greater than 1,000 ppm. In addition, the channel sampling program indicated economic lithium tenor along the entire length of the Falcon Lake West occurrence, which was approximately 75 meters long.
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About First Energy Metals Limited
First Energy Metals is a Canadian mineral exploration company with a primary focus of acquiring a multicommodity mineral property portfolio. The company’s goal is to identify, acquire and explore North American mineral prospects in the technology metals, precious metal and base metal sector. Its strategy is to acquire and advance projects through prospecting and early-stage exploration; source joint venture partners to finance future exploration and project development; and create shareholder value through exploration success. First Energy will continue to add to its multicommodity portfolio through organic acquisitions of new projects and opportunities with the intention of adding value and projects over time. For more information about the company, please visit www.FirstEnergyMetals.com.
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