First Phosphate initiates drilling program at Begin-Lamarche Phosphate Property in the Saguenay-Lac-St-Jean Region of Quebec, Canada

First Phosphate Corp. has announced the commencement of the Company’s exploration drilling program at its Bégin-Lamarche phosphate property in the Saguenay-Lac-St-Jean Region of Québec, Canada.

The drilling program will consist of a total of 4,000 metres of drill holes to test the continuity of high grade phosphate-bearing nelsonites that were found on surface as described in the Company’s press release dated January 24, 2023 and available at: https://firstphosphate.com/news.

After obtaining results from field samples, geological reconnaissance, and a high resolution magnetic survey completed during the second half of 2022, we are excited to initiate drilling at our Bégin-Lamarche property,” said First Phosphate President, Peter Kent. “High grade phosphate assays in nelsonites coupled with a well-defined magnetic structure offer the potential for discovery of a large scale phosphate mineralisation area.

Phosphate-bearing rock layers in anorthosite are easily identified through magnetic surveying as the phosphate is associated with magnetite. The heli-borne magnetic survey completed in 2022 revealed a strong and continuous high magnetic structure that coincides with multiple grab samples that assayed over 10% P2O5. The characteristic high-magnetic signature of the type of deposit identified at the Bégin-Lamarche will be drill tested.

Neither the Canadian Securities Exchange (“CSE”) nor its Market Regulator (as such term is defined in the CSE policies) has reviewed or accept responsibility for the adequacy or accuracy of this news release.

 

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