Saguenay, Quebec -
Newsfile Corp. - April 23, 2024 - First Phosphate Corp. (CSE: PHOS) (OTC: FRSPF) (FSE: KD0) ("
First Phosphate" or the "
Company")
is pleased to announce a third set of assay results from its ongoing
25,000 m drill program at its Bégin-Lamarche project located in
Saguenay-Lac-St-Jean, Quebec, Canada. Since the drill program began in
February 2024, a total of 23,398 m of drilling has been completed and
assay results have now been returned for a total of 9,155 m of drilling.
A total of 4,691 samples are still at the laboratory and results will
be released as they become available.
Highlights:
-
Phosphate Mountain Zone: Drill hole BL-24-56 intersected 11.82% P2O5
(phosphate) over 92.5 m starting at a surface depth of 6.5 m. Drilling
in the Phosphate Mountain Zone revealed a thick layer (90 m) of
phosphate bearing nelsonite outcropping on surface with numerous other
high-grade intersections at greater than 10% P2O5.
-
Northern Zone: Drill hole BL-24-40 intersected 7.76% P2O5 over 88.2 m from a depth of 186.0 m including 9.33% P2O5 over 61.2 m.
-
Northwestern Zone: Drill hole BL-24-54 intersected 9.18% P2O5 over 40.0 m from a starting depth of 61.1 m.
-
Southern Zone: Drill hole BL-24-55 intersected 4.60% P2O5 over 190.8 m from a starting surface depth of 4.0 m.
"Drill results in the Phosphate Mountain Zone revealed a thick layer of
very high grade igneous phosphate starting right at surface. This layer
geometry creates an ideal scenario for an eventual starting point for an
open pit operation," said First Phosphate CEO, John Passalacqua. "The
drill program will be completed on time by end of May 2024 and a 43-101
resource estimate will begin immediately once all remaining assays have
been received from the lab."
Phosphate Mountain Zone
A total of 20 drill holes have been completed to date in the Phosphate
Mountain Zone while results from only 5 drill holes have been received
to date. Data received from these 5 drill holes shows grades of over 10%
P
2O
5 over widths ranging from 7 m to 92 m. The
Phosphate Mountain Zone has been drilled for a total length of 250 m to
date. This zone is beginning to merge (from the southeast) with the
Northern Zone where a 500 m thick phosphate mineralized envelope exists,
one which has delineated up to 5 individual layers ranging from 60 m to
100 m in thickness starting at surface and continuing down to a depth
of 300 m. The overall strike length of the Phosphate Mountain Zone and
the Northern Zone is approximately 600 m.
Drill hole BL-24-56 intersected 11.82% P
2O
5 over 92.5 m from a starting depth of 6.5 m. Another high-grade intersection in hole BL-24-53 yielded 9.5% P
2O
5 over 62.3 m at a starting depth of 70.1 m (See Table 1).
Table 1 – Drill Results for the Phosphate Mountain Zone
Drill Hole
|
From (m)
|
To (m)
|
Length1 (m)
|
P2O5 (%)
|
TiO2 (%)
|
Fe2O3T (%)
|
BL-24-46
|
32.0
|
74.0
|
42.0
|
8.73
|
3.26
|
22.43
|
including
|
32.0
|
49.5
|
17.5
|
10.31
|
4.15
|
27.30
|
including
|
55.0
|
74.0
|
19.0
|
9.75
|
3.30
|
22.61
|
BL-24-46
|
111.0
|
135.0
|
24.0
|
12.47
|
4.63
|
30.05
|
BL-24-46
|
155.2
|
177.6
|
22.4
|
14.34
|
5.84
|
28.28
|
BL-24-46
|
225.0
|
252.0
|
27.0
|
11.15
|
3.85
|
19.81
|
BL-24-46
|
258.0
|
278.0
|
20.0
|
4.18
|
1.96
|
10.25
|
BL-24-51
|
70.0
|
111.0
|
41.0
|
7.72
|
1.88
|
16.09
|
BL-24-51
|
133.3
|
136.0
|
2.7
|
16.33
|
4.48
|
24.75
|
BL-24-51
|
152.5
|
157.5
|
5.0
|
11.85
|
4.54
|
23.67
|
BL-24-53
|
70.1
|
132.4
|
62.3
|
9.50
|
4.12
|
28.45
|
including
|
70.1
|
114.8
|
44.7
|
10.91
|
4.88
|
34.23
|
BL-24-53
|
154.1
|
246.0
|
91.9
|
6.92
|
3.50
|
20.08
|
including
|
192.0
|
220.5
|
28.5
|
10.98
|
5.35
|
27.27
|
BL-24-56
|
6.5
|
99.0
|
92.5
|
11.82
|
5.29
|
30.96
|
including
|
6.5
|
84.0
|
77.5
|
12.96
|
5.77
|
33.31
|
BL-24-56
|
123.0
|
162.0
|
39.0
|
8.43
|
3.18
|
17.56
|
1 Lengths are measured along the core. True widths are estimated to be between 70 and 90% of the core interval.
Northern Zone
2024 drill results to date indicate 4 mineralized phosphate layers
ranging from 60 m to 100 m in thickness within a 500 m thick mineralized
envelope starting at surface and continuing to a depth of 300 m.
Additional drill holes are being added to this zone to better define the
layers.
Drill hole BL-24-40 intersected 7.76% P
2O
5 over 88.2 m from a depth of 186.0 m including 9.33% P
2O
5% over 61.2 m. (See Table 2).
Table 2 – Drill Results for the Northern Zone
Hole
|
From (m)
|
To (m)
|
Length1 (m)
|
P2O5 (%)
|
TiO2 (%)
|
Fe2O3T (%)
|
BL-24-40
|
21.0
|
60.0
|
39.0
|
5.78
|
3.91
|
24.55
|
including
|
48.0
|
60.0
|
12.0
|
10.09
|
5.45
|
36.98
|
BL-24-40
|
186.0
|
274.2
|
88.2
|
7.76
|
2.86
|
21.87
|
including
|
213.0
|
274.2
|
61.2
|
9.33
|
3.14
|
24.13
|
BL-24-422
|
6.6
|
188.7
|
182.1
|
5.04
|
3.09
|
17.77
|
including
|
93.0
|
108.0
|
15.0
|
8.01
|
4.35
|
24.05
|
including
|
120.0
|
159.4
|
39.4
|
8.00
|
4.38
|
28.57
|
1 Lengths are measured along the core. True widths are estimated to be between 70% and 90% of the core interval.
2 Drill hole has been interpreted as drilled parallel to the phosphate layer (potentially along dip)
Northwestern Zone (NW)
Drill hole BL-24-45 intersected 7.97% P
2O
5 over 38.0 m from a starting depth of 22.0 m and drill hole BL-24-54 intersected 9.18% P
2O
5 over
40.0 m starting at 61.1 m (See Table 3). The Northwestern Zone has been
drilled over a strike of 300 m and has returned values of between 8%
and 10% P2O5 over widths ranging from 30 m to 40 m. This zone is located
northwest of the main magnetic trend and phosphate mineralization area.
Table 3 – Drill Results for the Northwestern Zone
Hole
|
From (m)
|
To (m)
|
Length1 (m)
|
P2O5 (%)
|
TiO2 (%)
|
Fe2O3T (%)
|
BL-24-45
|
22.0
|
60.0
|
38.0
|
7.97
|
3.15
|
20.54
|
BL-24-54
|
61.1
|
101.1
|
40.0
|
9.18
|
4.80
|
28.16
|
1 Lengths are measured along the core. True widths are estimated to be between 80% and 90% of the core interval.
Southern Zone
The Southern Zone has been drilled at 100 m spaced sections over a
strike length of 1,000 m. Results to date from the Southern Zone show
continuous widths of over 100 m of phosphate mineralization. Drill hole
BL-24-55 indicates results of 4.60% P
2O
5 over
190.8 m starting at a surface depth of 4.0 m (See Table 4). The current
results also confirm the presence of other higher grade phosphate layers
as evidenced by drill hole BL-24-41 which returned 8.87% P
2O
5 over 12.6 m and drill hole BL-24-52 which returned 7.04% P
2O
5 over 43.7 m including a section of 12.28% P
2O
5 over 9.2 m.
Table 4 – Drill Results for the Southern Zone
Hole
|
From (m)
|
To (m)
|
Length1 (m)
|
P2O5 (%)
|
TiO2 (%)
|
Fe2O3T (%)
|
BL-24-41
|
6.9
|
19.5
|
12.6
|
8.87
|
6.21
|
31.05
|
BL-24-41
|
96.0
|
141.0
|
45.0
|
5.18
|
3.08
|
17.68
|
including
|
96.0
|
126.0
|
30.0
|
6.14
|
3.75
|
20.04
|
including
|
135.0
|
141.0
|
6.0
|
7.48
|
3.17
|
26.64
|
BL-24-50
|
4.2
|
93.0
|
88.8
|
5.90
|
4.14
|
23.62
|
BL-24-52
|
67.0
|
183.0
|
116.0
|
4.54
|
3.47
|
19.48
|
BL-24-52
|
204.0
|
273.0
|
69.0
|
5.49
|
2.93
|
19.84
|
BL-24-52
|
204.0
|
247.7
|
43.7
|
7.04
|
3.62
|
24.50
|
including
|
204.0
|
228.0
|
24.0
|
7.77
|
4.14
|
29.02
|
including
|
238.5
|
247.7
|
9.2
|
12.28
|
5.59
|
30.41
|
including
|
258.0
|
273.0
|
15.0
|
4.33
|
2.50
|
15.79
|
BL-24-55
|
4.0
|
194.8
|
190.8
|
4.60
|
3.64
|
19.83
|
including
|
4.0
|
132.0
|
128.0
|
5.08
|
3.90
|
20.92
|
including
|
153.0
|
194.8
|
41.8
|
4.95
|
4.24
|
23.59
|
BL-24-57
|
3.5
|
81.4
|
77.9
|
4.71
|
3.17
|
19.33
|
including
|
3.5
|
48.0
|
44.5
|
4.89
|
3.30
|
20.06
|
including
|
63.0
|
81.4
|
18.4
|
7.85
|
5.10
|
28.82
|
BL-24-57
|
157.7
|
169.0
|
11.3
|
4.04
|
2.25
|
16.37
|
BL-24-57
|
183.9
|
194.0
|
10.1
|
6.58
|
3.86
|
22.58
|
BL-24-57
|
240.8
|
244.0
<
BERITA LAINNYA
BERIKAN KOMENTAR
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