VANCOUVER - Foremost Lithium Resource & Technology Ltd. (NASDAQ: FMST) (CSE: FAT), an exploration company focused on lithium and gold, announced plans to initiate a diamond drilling program at its Jean Lake Lithium/Gold Project in Manitoba next month. The announcement follows the company's receipt of a multi-year work permit from the Manitoba Government, which is valid until April 30, 2026.
The upcoming 15-hole, 2,500-meter drilling program is aimed at expanding the known mineralization of lithium and gold on the property. It will particularly target the north-east section, where previous drilling near the B1 pegmatite dyke has shown promising results, including a 3.35-meter zone of spodumene mineralization and significant gold intercepts.
Foremost Lithium's CEO, Jason Barnard, expressed that the multi-year permit will offer the flexibility needed for optimizing future work on the property. The company has contracted Rodren Drilling Ltd. for the drilling operations, with additional support from Gogal Air Services, Moss Line Cutting Ltd., and Dahrouge Geological Consulting.
The Jean Lake project, located near the historic mining center of Snow Lake, is part of the company's strategic portfolio of lithium properties in North America. These properties are positioned to support the growing electric vehicle market and contribute to the clean energy economy.
This announcement is based on a press release statement from Foremost Lithium Resource & Technology Ltd. and contains forward-looking statements that involve risks and uncertainties. The company's future operations could differ materially from those anticipated in these statements due to various factors, including but not limited to, environmental risks, delays in governmental approvals, and market conditions.
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