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First Energy Metals Increases Size of Augustus Project with the McNeely Lithium Property Acquistion

Mount Equity Group Tokyo, Japan > News > Markets > First Energy Metals Increases Size of Augustus Project with the McNeely Lithium Property Acquistion

VANCOUVER, BC, June 9, 2021 /CNW/ – First Energy Metals Ltd. (CSE: FE) (“First Energy” or the “Company) is pleased to announce that it has entered into an agreement with Globex Mining Enterprises Inc. (“Globex”) (GMX-TSX, GLBXF-OTCQX International, G1MN-Frankfurt) to acquire 100% interest into McNeely Lithium Property located in LaCorne, Landrienne and Figuery Townships, Province of Quebec, Canada. The newly acquired properties consist of 66 mining claims covering a total area of 2,276.49 hectares on map sheets 32C05 and 32D08. These claims are spread out in several claim blocks along the Quebec Lithium Mine horizon. Some of the claims are located adjacent to the Augustus Lithium Property claims where First Energy has been carrying out a drill program since April 2021 and reported drill results in a series of recent news releases. These additional claims bring the total size of the Property to 15,045.62 hectares.

There is one historical lithium showing “Martin-McNeely Lithium” in a claim block of the new property where lithium pegmatite outcrop was discovered in 1955. Geologically, these mineralized pegmatite dykes intersect amphibolitized peridotite rocks north of the Preissac-Lacorne Batholith. The dikes are mineralized in spodumene, lepidolite and molybdenite. The mineralization is confined to pegmatite dykes of unknown