First Phosphate Corp Concludes Drill Program, Plans Resource Estimate at Bégin-Lamarche Project
TL;DR
The drilling program at Bégin-Lamarche project has uncovered a significant high-quality igneous phosphate deposit, providing a strategic advantage.
The 99-hole drill program, totaling 25,929 meters, has shown continuous phosphate mineralization over a length of 2,400 meters across three mineralized zones.
The discovery of a significant high-quality igneous phosphate deposit will contribute to sustainable development and future resource availability.
The 99-hole drill program has uncovered a significant high-quality igneous phosphate deposit, marking a major milestone in the project's development.
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First Phosphate Corp has announced the completion of its 99-hole drill program at the Bégin-Lamarche project, totaling 25,929 meters. The drilling has uncovered a significant high-quality igneous phosphate deposit, with continuous phosphate mineralization over a length of 2,400 meters across three zones.
Chief Geologist Gilles Laverdiere detailed that a NI 43-101 resource estimate is currently in progress and will be immediately followed by a Preliminary Economic Assessment. In the Mountain Zone, 23 drill holes totaling 5,023 meters were completed, exhibiting grades of more than 10% P2O5 over widths ranging from 7 meters to 99 meters. The Southern Zone saw drilling at 100-meter spaced sections over a length of 1,700 meters, with 57 drill holes totaling 15,219 meters.
CEO John Passalacqua expressed optimism, stating that the company anticipates completing the resource estimate in the coming months, which marks a significant milestone in the project’s development.
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Curated from News Direct
