PEG NORTH CLAIMS PROJECT
Lithium supply security has become a top priority for battery suppliers and electric vehicle manufacturers. These companies seek to establish strategic alliances and joint ventures amongst lithium miners and lithium exploration companies to ensure a reliable and stable source of lithium amid strong demand and record soaring prices. The need to procure additional reliable lithium resources to shore-up the demand/supply imbalance, is imperative.
Foremost Lithium’s Peg North Project is located in the historic mining district of Snow Lake, Manitoba and consists of 16,697 acres (6,757 hectares) or approximately, 26.4 square miles. The Peg North Claims consist of 28 claims with 5 known pegmatite dykes and extends northeast of the Foremost property, alongside the entire northern extension of the Crowduck Bay Fault, known for its lithium-enriched pegmatite dyke clusters. With the acquisition of The Peg North Claims at the beginning of June 2022, the company greatly expanded its footprint in the Snow Lake area to 43,031 acres or 17,414 total hectares.
Foremost Lithium Snow Lake District Claim Map showing the new Peg North Lithium Project and the Jean Lake, Zoro, and the GRC properties. Foremost now controls an amalgamated 43,031 acres (17,414 hectares) in the highly prospective Snow Lake pegmatite fields, including the entire northern extension of the Crowduck Bay Fault. Jol Lithium Project is also illustrated in orange box below legend
EXCELLENT EXPLORATION POTENTIAL
- The Peg North claims include the northeast extension of host rocks and structure to the Thompson Brothers lithium deposit of Snow Lake Resources where spodumene- mineralized pegmatite dykes spatially associated with regionally extensive Crowduck Bay Fault are being intensively explored.
- Elsewhere, additional lithium-bearing pegmatites that occur northeast, east and southeast of the property and underscore the highly prospective nature of the Peg North property for repetitions of lithium-bearing pegmatite dykes.
- Property accessible for year-round drilling.
Forward Moving Plans
Foremost Lithium initial exploration plans on the Peg North Claims include:
- Lidar survey to aid in the prospecting and surveying of the claims
- UAV-assisted high-definition magnetic survey, and
- Mobile Metal Ions soil geochemistry ground-proofing of high-priority magnetic anomalies, to define quality drill targets