Curated News
By: NewsRamp Editorial Staff
July 26, 2024
First Phosphate Corp Unveils Significant Phosphate Deposit at Bégin-Lamarche Project
TLDR
- 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.
Impact - Why it Matters
This news matters as it reveals a significant high-quality igneous phosphate deposit at the Bégin-Lamarche project, marking a major milestone in the project's development. The resource estimate and Preliminary Economic Assessment will provide valuable insights into the project's potential, impacting the future of phosphate mining and production.
Summary
First Phosphate Corp CEO John Passalacqua Chief Geologist Gilles Laverdiere joined Steve Darling from Proactive to announce that all results from the drilling program at its Bégin-Lamarche project are now available. The 99-hole drill program, totaling 25,929 meters, has uncovered a significant high-quality igneous phosphate deposit. The drilling has shown continuous phosphate mineralization over a length of 2,400 meters, spread across three mineralized zones. Laverdiere explained that a NI 43-101 resource estimate is currently underway and will be immediately followed by a Preliminary Economic Assessment. A total of 23 drill holes were completed in the Mountain Zone, totaling 5,023 meters. The Mountain Zone exhibits grades of more than 10% P2O5 over widths ranging from 7 meters to 99 meters. In the Southern Zone, drilling was conducted at 100-meter spaced sections over a length of 1,700 meters, with 57 drill holes totaling 15,219 meters. Passalacqua says the company anticipates having the resource estimate completed in the coming months, marking a significant milestone in the project's development.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, First Phosphate Corp Unveils Significant Phosphate Deposit at Bégin-Lamarche Project
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