Breaking News: First Energy Metals (FE) (ASKDF)
Channel: RICH TV LIVE
Date: 03/09/2020

First Energy Metals Ltd. (CSE: FE) ("First Energy" or the "Company) is pleased to announce assay results of second round of prospecting and sampling work from its recently acquired Scramble Mine gold property located in . The work was carried out in  to find historically reported mineralization areas near Scramble mine, mapping gold mineralization veins and structures, and developing a detailed Phase 2 exploration work plan. A total of ten grab surface samples were collected during this work and submitted to Activation Laboratories in . The Company wants to caution that grab samples are selected samples and are not necessarily representative of the mineralization hosted on the property. #first #energy #metals 

Highlights of Assays (see Table 1 for details)

Average value of gold in all samples is 29.34 grams per tonne (1.03 ounces per tonne).
Gold assays ranged from 5.03 grams per tonne (0.18 oz/t) to 82.30 (2.90 oz /t) with two samples assaying over 2 oz/t.
All samples assayed over 5 grams per tonne gold.
Table 1 (CNW Group/First Energy Metals Limited)

The samples were prepared and assayed at Activation Laboratories ("Actlabs") in , using Code 1A3 - 4 acid Digest -Total Digestion for gold analysis by Fire Assay/gravimetric finish for over limit gold values (methods FA-AA and 1A3 – FA-GRA). Activation Laboratories is an independent group of laboratories accredited by the Standards Council of  to ISO/IEC 17025 guidelines for gold analysis.

, CEO of First Energy Metals stated that, "We are very pleased with results of two rounds of sampling work on the Scramble Mine property. 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 permitting process which may be subject to delays due to the COVID pandemic situation."

, P.Geo., Geological Consultant of the Company, and a "Qualified Person" for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release.

About Scramble Mine Gold Property

The Scramble Mine gold property is comprised of six mining claims covering approximately 140 hectares land, located in , Kenora Mining District, approximately 8 kilometres east of the town of  in . The mine was discovered in 1894 but after an initial exploration phase remained essentially dormant until 1984 when Boise Cascade Canada Ltd. commenced an evaluation of the property. Since 1984, approximately 5,200 metres of diamond drilling, 250 metres of surface stripping with sampling and 450 metres of underground development have taken place. The zone of mineralization, including pyrite-gold enriched biotite-rich schist felsic units and veins, extends on surface and in drill holes for about 550 metres. Size of the deposit is 915 meters (m) long along strike,  wide and  to  deep. Historical resource at the Property is estimated at 150,000 tons at an average grade of 0.24 ounces per ton (opt) (6.8 grams/ton) (having grades of up to 9.15 opt (259 grams/ton). The deposit is documented to have 70,000 ounces of contained gold using a cutoff grade of 0.05 opt (1.42 grams/ton).

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