Sep 3, 2020 Kristen Moran

First Energy Metals Samples Bonanza-Grade 82.30 G/T Gold From Scramble Mine Gold Property

First Energy Metals

First Energy Metals Ltd. (CSE:FE) (OTC:ASKDF) (FRA: DFLB) announced outstanding assay results this morning from grab samples taken from its Scramble Mine Gold property in northwestern Ontario. A total of 10 grab samples were collected during a second round of prospecting and samples work, revealing gold assays that range from 5.03 grams per tonne (g/t) all the way up to a whopping 82.30 g/t, for an average value of 29.34 g/t.

The work, which was carried out in August 2020, was focused on finding historically reported mineralization areas near the Scramble, mapping gold mineralization veins and structures, and developing a detailed Phase 2 exploration program.

“We are very pleased with the results of two rounds of sampling work on the Scramble Mine property,” said First Energy Metals CEO Gurminder Sangha. “The Company is waiting for permitting to carry out bulk sampling on the property for metallurgical testwork and looking into the possibility of putting up a small-scale gold processing plant onsite to take advantage of historically high gold prices if possible. The Company will update on the progress of the permitting process which is going slow in this COVID pandemic situation.”  

Uncovering Bonanza-Grade Potential at Scramble

First Energy Metals may have just acquired the Scramble Mine gold property in June, but the land holds a ton of promise and the company is just starting to scratch the surface.

The mine, which was discovered back in 1894, consists of six mining claims covering roughly 140 hectares of land in the Kenora Mining District in Northwestern Ontario. After an initial exploration phase that year, the property remained dormant until 1984 when Boise Cascade Canada Ltd. commenced an evaluation of the property.

Since 1984, the Scramble Mine property has undergone approximately 5,200 meters of diamond drilling, 250 meters of surface stripping with sampling, and 450 meters of underground development. The historical resource at the property is estimated at 150,000 tons at an average grade of 6.8 grams/ton, with grades of up to 259 g/t. The deposit is documented to have 70,000 ounces of contained gold using a cutoff grade of 1.42 g/t.

Moving forward, First Energy Metals will use the grab surface samples to develop a detailed Phase 2 exploration work plan and will provide an update on the progress of the permitting process, which has been slightly delayed due to COVID-19.

For more information on First Energy Metals Ltd. (CSE:FE) (OTC:ASKDF) (FRA: DFLB), click here.

Featured image: DepositPhotos © belchonock

Please See Disclaimer


STOCKS YOU MAY LIKE


Disclosure:

1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on research and understanding of the sector.

2)The Article was issued on behalf of and sponsored by, First Energy Metals Ltd. Market Jar Media Inc. has or expects to receive from First Energy Metals Ltd’s Digital Marketing Agency of Record (Native Ads Inc.) one hundred twelve thousand three hundred Canadian dollars for 26 days (20 business days). First Energy Metals Ltd. reengaged for 26 days to the amount of one hundred twelve thousand, three hundred Canadian dollars.

3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media Inc. has no means of verifying its accuracy.

4) The Article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.'s terms of use and full legal disclaimer as set forth here. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on MicroSmallCap.com should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on MicroSmallCap.com.

5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article.