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Adelaida Hannan <nannettebatr28@gmx.com> 6:10 AM (3 hours ago) to investorshub
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First Energy Metals Ltd. (?? ASKDF) would like to announce it has received assay results from July 2020 exploration work on Independence Gold Property located in the Southeastern BC. The results of 15 catch rock samples and 3 sediment samples collected from the Property indicate low values of gold, silver, and base metals with only one grab rock sample assayed 1.1 grams per tonne gold. First Energy Metals Ltd. (otc : ASKDF) has decided not to pursue additional exploration work on this property. Moreover, First Energy Metals Ltd. ((ASKDF)) has engaged GRA Enterprises LLC in association with the National Inflation Association ("NIA") to progress investor knowledge of First Energy's existing property portfolio. NIA was launched throughout the 2008/2009 global financial crisis with a goal of helping educate the public about monetary policy and the way the Federal Reserve's policies affect interest rates leads to price distortions, malinvestment, asset bubbles, and income/wealth inequality. NIA provides its members with information regarding the global economy and financial markets that the mainstream media refuses to discuss. NIA advocates for a return to the gold standard and provides evaluation of the precious metals market when profiling publicly traded gold and silver mining/exploration businesses which could be positioned to thrive during an inflationary environment GRA Enterprises LLC will be compensated up to $35,000 USD for its partnership and advisory services for a term of six months. Afzaal Pirzada, P.Geo., Geological Advisor of First Energy Metals Ltd. (ASKDF), and a"Qualified Person" for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed and approved the technical and scientific information contained in this news release. About First Energy Metals Ltd. (ASKDF). First Energy Metals Ltd. (?? ASKDF) is a junior resource company engaged in the exploration and development of energy and precious metals such as lithium, cobalt, gold and silver within its property portfolio in North America. First Energy Metals Ltd. (ASKDF)'s goal is to acquire prospective engineering and precious metals properties and create them. First Energy Metals Ltd. (ASKDF) currently holds an option to acquire 100% interest in Phyllis Cobalt property in Ontario. First Energy Metals Ltd. (otc:ASKDF) has recently acquired Scramble Mine Gold Property in Ontario, and two gold exploration properties (Kokanee Creek and Independence Gold properties) located in the Province of British Columbia, Canada. First Energy Metals Ltd. (?? ASKDF) (previously"Agave Silver") was incorporated on October 12, 1966 in the Province of British Columbia. First Energy Metals Ltd. (ASKDF:otc)'s common shares trade on the Canadian Securities Exchange (CSE) under the symbol FE and are also listed on the US OTC Markets (Pink) as ASKDF and on the Frankfurt Stock Exchange as A2JC89. In a recent press release dated September 22, 2020 First Energy Metals Ltd. declared about its entrance into the possibility to acquire Shaw Gold Property located in Timmins Area Ontario, Canada. Pursuant to a property purchase between the Optionor and First Energy Metals Ltd. (ASKDF), dated September, 22 2020, otc : ASKDF holds an option to acquire a 100% interest in the Shaw Property by paying cash payments and the issuance of 600,000 common shares over a 3-year period. First Energy Metals Ltd. (otc : ASKDF) is pleased to announce that it has developed exploration work plan 2020 for recently obtained Kokanee Creek and Independence gold properties in British Columbia, Canada. First Energy Metals Ltd. (otc : ASKDF) has accumulated historic geological and mining information to develop this work plan. The exploration work will be completed in 2 phases where Stage 1 will include ground prospecting, geological mapping and sampling and the Stage 2 will include diamond core drilling at Kokanee Creek. The purpose of this work is to affirm historical results and find new targets for additional exploration. First Energy Metals Ltd. (otc:ASKDF) has registered a drill license application using BC online mine permitting system and time of drilling work will depend upon permit approval. Historical work highlights for both properties are provided below: Kokanee Creek Gold Property The Kokanee Creek Claims were staked by Eagle Plains Resources and Miner River Resources in 1996 after base metal mineralization was found on the Lower Kokanee Creek Road. Eagle Plains Resources finished silt and soil geochemical surveying, diamond drilling, chip sampling and 3.5 kilometres of horizontal loop electromagnetic geophysical surveying. A 5-hole drill program consisting of 1500 ft (457 m) drilling in February-March 1997 resulted in the discovery of near surface gold mineralization. Hole KC97-02 (Azimuth 052°/ Dip -45°) returned 26.11 g/t gold over 0.7m from 7.0-7.7m, and 13.52 g/t gold over 1.4m from 21.8-23.2m. All five holes returned encouraging gold, silver, lead or zinc mineralization at shallow depths. Fieldwork conducted during 1997 indicated the extension of the mineralized zone to the north, west and south. Moreover, rock samples within the zone returned values of 3.54% zinc, 4.22 g/t gold, and 48.0 g/t silver. A continuous chip stone sample taken along a road cut returned 0.3% zinc over 55 m, and 2.26 g/t gold over 5m. An airborne electromagnetic geophysical survey was flown over the property by Eagle Plains Resources Ltd. in 2004. The results indicated two magnetic high features in the south western area of the property, in the area of the Big M / Kokanee Creek Minfile showing and another characteristic northeast of the Home Minfile occurrence. Independence Gold Property Excellent infrastructure service, road accessible, located 20 to 29 kilometres to the southeast of Nakusp, BC, on the eastern slope of Silver Mountain. Found in the vicinity of an active mining area with historical placer and lode gold mining in Columbia River, Miner City and Caribou Creek during the late 1800s' and early 1900s'. A number of gold discoveries were made during that period, such as Millie Mac Mine which produced 300 tons grading 1 oz/t gold and 70 oz /heaps silver until 1930s. There are three mineral showings (Minfile occurrences) on the Property: i. Independence, ii. Big Spring, and iii. Slewiskin. Independence showing, also mentioned as potential Chieftain workings was sampled in 1984-85 period by Falconbridge. The Slewiskin gold occurrence (as described on BC MTO Website) has quartz veins ranging in width from two to 30 centimetres are exposed (Assessment Report 13341) along logging roads on the historical Dore, Sub 1 and Sub 2 claims. The highest being 10.1 grams per tonne gold in sample 89108 (Assessment Report 13341). (Independence 2 Claim, AR 13341) There are a number of quartz veins from 2 cm to 30 cm wide, intruding into metavolcanics and metasedimentary rocks. Grab samples from these quartz veins indicated gold values in the selection of 0.032 to 0.295 oz /ton (0.9 g/t to 8.22 g/t), copper 12 ppm into 48,092 ppm (4.8%), nickel 3 ppm to 1,681 ppm, zinc 11 ppm into 12,381 ppm (1.2% Zn). Cautionary Statement: Investors are cautioned that the above information was taken from the BC Government's database in following websites. (Assessment Reports # 25105 dated June 30, 1997; #27749 dated May 13, 2005; Eagle Plains Resources News Release Dated May 15, 2013). A Qualified Person from First Energy Metals Ltd. (otc : ASKDF) hasn't verified the data and information reported in this news release. First Energy Metals Ltd. (?? ASKDF) is creating an investigation work plan to verify historical work and to discover new targets. The historical resource and manufacturing reported on the adjacent properties might not be indicative of the mineralization on First Energy Metals Ltd. ([ASKDF])'s properties. Technical data pertaining to this new release was reviewed and approved by Afzaal Pirzada, P.Geo., who is acting as First Energy's qualified person under National Instrument 43-101.
