First Phosphate Intersects 92.5 m of 11.82% Igneous Phosphate Starting at Surface at Its Begin-Lamarche Project in Saguenay-Lac-St-Jean, Quebec, Canada
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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 than10% P2O5.
- Northern Zone: Drill hole BL-24-40 intersected
7.76% P2O5 over 88.2 m from a depth of 186.0 m including9.33% 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
Drill hole BL-24-56 intersected
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
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
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
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
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
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
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 | 3.2 | 10.54 | 2.02 | 12.51 |
1 Lengths are measured along the core. True width is estimated to be between
The technical parameters of the drill holes being released in this press release are shown in Table 5 below and their location is shown in Figure 1 below. Previously released results for drill holes from the current 2024 drill program are presented in Table 6.
Table 5 – Parameters for the Current Drill Holes Being Released
Hole_ID | Easting | Northing | Azimuth | Dip | Depth | Zone |
BL-24-40 | 326585 | 5403279 | 330 | -45 | 282 | Northern |
BL-24-41 | 326011 | 5402284 | 125 | -45 | 150 | Southern |
BL-24-42 | 326568 | 5403312 | 150 | -45 | 201 | Northern |
BL-24-45 | 326253 | 5403348 | 305 | -45 | 204 | NW |
BL-24-46 | 326814 | 5403914 | 150 | -45 | 300 | Mountain |
BL-24-50 | 325795 | 5402184 | 125 | -45 | 276 | Southern |
BL-24-51 | 326814 | 5403914 | 150 | -60 | 244.7 | Mountain |
BL-24-52 | 325781 | 5402326 | 125 | -45 | 300 | Southern |
BL-24-53 | 326851 | 5403845 | 150 | -45 | 301 |
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FAQ
What are the highlights of First Phosphate Corp's recent assay results at its Bégin-Lamarche project in Quebec, Canada?
Drill hole BL-24-56 intersected 11.82% P2O5 over 92.5 m starting at a surface depth of 6.5 m in the Phosphate Mountain Zone, showcasing significant phosphate mineralization.
When is First Phosphate Corp's drill program expected to be completed?
First Phosphate Corp anticipates completing the drill program by the end of May 2024.
Who is the Qualified Person responsible for reviewing the scientific and technical disclosure for First Phosphate Corp?
Gilles Laverdière, P.Geo, Chief Geologist of First Phosphate, is the Qualified Person overseeing the company's disclosure as per NI 43-101 standards.
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