First Lithium Minerals Receives Encouraging Near Surface Sediment Geochemistry Results at its Salar de Ascotan Project
First Lithium Minerals (CSE: FLM) (OTC: FLMCF) has announced promising results from a near-surface sediment geochemical survey at its Salar de Ascotan Project in Chile's Antofagasta Region. The 1,775-hectare property, fully owned by the company, is situated in an established lithium, boron, and copper production district.
The survey, conducted over identified geophysical and drill targets, collected 50 samples at depths between 0.5-1.5 meters. Key findings include maximum values of 245 ppm of lithium and 2,420 ppm of boron in the central west section of the project. The analysis, combined with previous Transient Electromagnetic and Magneto-Telluric surveys, suggests favorable characteristics for potential lithium and boron brine mineralization.
The company plans to commence a 1,500 meters drilling program in H2/25, subject to obtaining required permits. The sampling program followed industry standards with proper QA/QC protocols, with analysis conducted by AGS Laboratory in Chile.
First Lithium Minerals (CSE: FLM) (OTC: FLMCF) ha annunciato risultati promettenti da un'indagine geochimica su sedimenti superficiali presso il suo Progetto Salar de Ascotan nella regione di Antofagasta, Cile. La proprietà di 1.775 ettari, interamente di proprietà dell'azienda, si trova in un distretto consolidato per la produzione di litio, boro e rame.
L'indagine, condotta su aree geofisiche e obiettivi di perforazione identificati, ha raccolto 50 campioni a profondità comprese tra 0,5 e 1,5 metri. I risultati principali includono valori massimi di 245 ppm di litio e 2.420 ppm di boro nella sezione centrale-ovest del progetto. L'analisi, unita a precedenti indagini Transient Electromagnetic e Magneto-Telluric, suggerisce caratteristiche favorevoli per una potenziale mineralizzazione di salamoie di litio e boro.
L'azienda prevede di avviare un programma di perforazione di 1.500 metri nella seconda metà del 2025, subordinato all'ottenimento dei permessi necessari. Il programma di campionamento è stato eseguito secondo gli standard del settore con adeguati protocolli QA/QC, mentre le analisi sono state effettuate dal laboratorio AGS in Cile.
First Lithium Minerals (CSE: FLM) (OTC: FLMCF) ha anunciado resultados prometedores de una encuesta geoquímica de sedimentos superficiales en su Proyecto Salar de Ascotan en la Región de Antofagasta, Chile. La propiedad de 1.775 hectáreas, de propiedad total de la empresa, se encuentra en un distrito establecido de producción de litio, boro y cobre.
La encuesta, realizada sobre objetivos geofísicos y de perforación identificados, recolectó 50 muestras a profundidades entre 0,5 y 1,5 metros. Los hallazgos clave incluyen valores máximos de 245 ppm de litio y 2.420 ppm de boro en la sección central oeste del proyecto. El análisis, combinado con estudios previos Electromagnéticos Transitorios y Magnetotelúricos, sugiere características favorables para una posible mineralización de salmueras de litio y boro.
La empresa planea comenzar un programa de perforación de 1.500 metros en la segunda mitad de 2025, sujeto a la obtención de los permisos requeridos. El programa de muestreo siguió los estándares de la industria con protocolos adecuados de control de calidad (QA/QC), y los análisis fueron realizados por el laboratorio AGS en Chile.
First Lithium Minerals (CSE: FLM) (OTC: FLMCF)는 칠레 안토파가스타 지역에 위치한 Salar de Ascotan 프로젝트에서 지표 근처 퇴적물 지구화학 조사 결과 유망한 성과를 발표했습니다. 회사가 전액 소유한 1,775헥타르 부지는 리튬, 붕소, 구리 생산이 활발한 지역에 위치해 있습니다.
지정된 지구물리학적 및 시추 목표를 대상으로 실시된 이번 조사는 0.5~1.5미터 깊이에서 50개의 샘플을 채취했습니다. 주요 결과로는 프로젝트 중서부 지역에서 최대 245 ppm의 리튬과 2,420 ppm의 붕소가 확인되었습니다. 이전의 천이 전자기 및 자기텔루릭 조사와 결합한 분석 결과, 리튬 및 붕소 염수 광상화 가능성에 유리한 특성을 시사합니다.
회사는 필요한 허가를 받는 조건으로 2025년 하반기에 1,500미터 시추 프로그램을 시작할 계획입니다. 샘플링 프로그램은 업계 표준에 따라 적절한 품질 관리(QA/QC) 프로토콜을 준수했으며, 분석은 칠레 AGS 연구소에서 수행되었습니다.
First Lithium Minerals (CSE : FLM) (OTC : FLMCF) a annoncé des résultats prometteurs issus d'une enquête géochimique sur des sédiments en surface dans son projet Salar de Ascotan situé dans la région d'Antofagasta au Chili. La propriété de 1 775 hectares, entièrement détenue par la société, se trouve dans un district reconnu pour la production de lithium, bore et cuivre.
L'enquête, menée sur des cibles géophysiques et de forage identifiées, a permis de prélever 50 échantillons à des profondeurs comprises entre 0,5 et 1,5 mètre. Les résultats clés montrent des valeurs maximales de 245 ppm de lithium et de 2 420 ppm de bore dans la partie centre-ouest du projet. L'analyse, combinée aux précédentes études électromagnétiques transitoires et magnéto-telluriques, suggère des caractéristiques favorables à une potentielle minéralisation en saumures de lithium et de bore.
La société prévoit de lancer un programme de forage de 1 500 mètres au second semestre 2025, sous réserve d'obtention des permis nécessaires. Le programme d'échantillonnage a suivi les normes industrielles avec des protocoles QA/QC appropriés, les analyses ayant été réalisées par le laboratoire AGS au Chili.
First Lithium Minerals (CSE: FLM) (OTC: FLMCF) hat vielversprechende Ergebnisse einer oberflächennahen sedimentgeochemischen Untersuchung bei seinem Salar de Ascotan Projekt in der Region Antofagasta, Chile, bekannt gegeben. Das 1.775 Hektar große Grundstück, das sich vollständig im Besitz des Unternehmens befindet, liegt in einem etablierten Fördergebiet für Lithium, Bor und Kupfer.
Die Untersuchung, die über identifizierte geophysikalische und Bohrziele durchgeführt wurde, sammelte 50 Proben in Tiefen zwischen 0,5 und 1,5 Metern. Wichtige Ergebnisse sind maximale Werte von 245 ppm Lithium und 2.420 ppm Bor im zentral-westlichen Bereich des Projekts. Die Analyse, kombiniert mit früheren Transienten Elektromagnetischen und Magnetotellurischen Untersuchungen, deutet auf günstige Eigenschaften für eine potenzielle Lithium- und Bor-Sole-Mineralisierung hin.
Das Unternehmen plant, ein Bohrprogramm von 1.500 Metern in der zweiten Hälfte des Jahres 2025 zu starten, vorbehaltlich der Erteilung der erforderlichen Genehmigungen. Das Probennahmeprogramm wurde nach Branchenstandards mit geeigneten QA/QC-Protokollen durchgeführt, die Analysen erfolgten im AGS-Labor in Chile.
- Promising geochemical results with 245 ppm Li and 2,420 ppm B maximum values
- Strategic location in established lithium production district
- 100% ownership of the 1,775-hectare property
- Planned 1,500-meter drilling program for H2/25
- Drilling program contingent on obtaining government permits
- Current lithium concentrations relatively low compared to producing assets
- Project still in early exploration phase with no proven reserves
Toronto, Ontario--(Newsfile Corp. - April 22, 2025) - First Lithium Minerals Corp. (CSE: FLM) (OTC Pink: FLMCF) (FSE: X28) ("First Lithium Minerals" or the "Company") is pleased to announce results from a semi-systematic near surface sediment geochemical survey over the geophysical and drill targets at its
The Ascotan Project is a 1,775-hectare property located in the Salar de Ascotan in the Antofagasta Region of northern Chile within an established lithium, boron, and copper production district. Mineralization at the Ascotan Project is represented by three different fractions comprised primarily of sulfate-chloride brines, dendritic material consisting of sand, silt, and clay intercalated in the salar sediments, and precipitated salt compounds. Lithium (Li), potash (K), boron (B), sodium (Na) and magnesium (Mg), among others, are leached and transported from the weathering volcanic rocks in the intravolcanic basins and accumulated and concentrated by evaporation in the salar.
A semi-systematic near surface sediment sampling program was completed over identified geophysical and drill targets at the Ascotan Project (see First Lithium Minerals' news release dated May 24, 2023). The samples were extracted using portable auger equipment with a 3-inch diameter drill. The samples were taken at a depth between 0.5-1.5 meters with an average depth of 0.8 meters. The objective of the survey was to conduct a near surface sedimentological analysis and confirm the mineralization of Li, B, Mg, and K in the upper sedimentary zone within the drill targets area for the upcoming drill program.
50 samples were collected and analyzed by ICP-MS with digestion in aqua regia for 60 elements including elements of interest, namely, Li, B, Mg, K, Ca and Na. The maximum lithium and boron values returned were 245 ppm of Li and 2,420 ppm of B, respectively, and were recorded in the central west section of the project, in the proposed drill target sector. Elevated boron values also assayed in the southern section of the project (Figure 1).
Figure 1. Ascotan Project. Lithium (Li) and Boron (B). Summary and sample collection locations of the near surface sediment geochemistry results.
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In combination with promising geophysical signatures based on the previously conducted Transient Electromagnetic (TEM) and Magneto-Telluric (MT) geophysical surveys, the near surface sediment geochemical results suggest that the Salar de Ascotan presents favorable characteristics for potential lithium and boron brine mineralization. Such mineralization typically exhibits increasing concentration at depth in the hydrogeologic settings of Chilean salars in the Andean Cordillera.
Rob Saltsman, CEO and Director of First Lithium Minerals commented: " The results of the near surface sediment geochemical analysis are very promising and consistently demonstrate the potential of the Ascotan Project as a highly attractive lithium and boron exploration opportunity. The region where the project is located is known for its abundant lithium and boron resources, indicating significant growth potential for the Ascotan Project. The upcoming drilling activities are eagerly anticipated as they represent the next step in realizing the value of our project."
The Company is expecting to commence a 1,500 meters drilling program in H2/25, conditional upon obtaining required government permits, licences, and agreements.
QA/QC
A semi-systematic grid sampling program was developed within the concessions that make up the project in the Salar de Ascotan. The samples were extracted using a portable auger equipment with a 3-inch diameter drill. The samples were taken at a depth between 0.50-1.50 meters, cut and bagged, at approximately 2 kg per sample. The bags were labeled and sealed with a foliated seal. Each sample was photographed and its coordinates checked. The sampling was done in accordance with generally accepted industry standards and included Quality Assurance and Quality Control (QA/QC) standard elements such as including duplicate, CRM, and blank samples. Formal chain of custody documents was prepared for every sample obtained and submitted for laboratory analysis to AGS Laboratory, Avenida La Cantera 2270, Coquimbo Chile (ISO/IEC NCh17025:2017 Standard and the ISO 900:2015 Standard). In the opinion of the QP, sample preparation, security, and analytical procedures were acceptable and results from the laboratory analyses are considered adequate.
About First Lithium Minerals
First Lithium Minerals is a Canadian mineral exploration and development company. The Company is exploring for lithium and alkali metals at its
Additional information about the Company is available on the Company's website: www.firstlithium.ca
Qualified Person
Aldo Moreno Salinas is the VP of Exploration for First Lithium Minerals and the Qualified Person ("QP") as defined by National Instrument 43-101 ("NI 43-101") has reviewed and approved the technical content of this press release. Mr. Moreno is a seasoned geologist with 40 years of experience in exploration and evaluation of metallic and non-metallic mineral deposits, has a degree in geology from Universidad de Chile, is a member of the Chilean Professional Association of Geologists No. 437 and registered in the Public Records of Competent Persons No. 328.
For further information please contact:
First Lithium Minerals Corp.
40 King Street West, Suite 2400
Toronto, Ontario
M5H 3Y2
Tel: 416-402-2428
Email: rob@firstlithium.ca
Rob Saltsman, CEO and Director
Caution Regarding Forward-Looking Statements
This news release contains "forward-looking information" within the meaning of applicable securities laws. Any such forward-looking information may be identified by words such as "expects", "anticipates", "intends", "contemplates", "believes", "projects", "plans", and similar expressions. Readers are cautioned not to place undue reliance on forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: prospecting and exploration activities, geological, geophysical, and geochemical surveys, its results and interpretation, studies and interpretations of historical exploration and geological information, drill target definition, permitting, licences, environmental laws and regulations, changes in government regulations and laws, obtaining social licence to explore and operate, community engagements, timing of exploration activities, the discovery and delineation of mineral deposits/resources/reserves, general business, economic, competitive, reliance on third parties, the actual results of operations, and other risks of the natural resources industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. The Company disclaims any obligation to update or revise any forward-looking statements information, except in accordance with applicable securities laws. Accordingly, readers should not place undue reliance on forward-looking information.
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FAQ
What are the key findings from First Lithium Minerals' (FLMCF) Ascotan Project geochemical survey?
When will FLMCF begin drilling at the Salar de Ascotan Project?
What is the size and location of FLMCF's Ascotan Project?
How deep were the sediment samples collected in FLMCF's Ascotan Project survey?
