Peg North Lithium Project
Washington is increasingly viewing Canada as a kind of “51st State” for its critical mineral supply needs and plans to deepen financial and logistical partnerships with the country’s mining sector ”
According to a U.S. government source
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 Property is located at the east end of the Flin Flon-Snow Lake greenstone belt. The Paleoproterozoic Flin Flon-Snow Lake Belt is approximately 200 km in strike length and has an exposed width of up to 70 km.
The Peg North Claims consist of 28 claims with 5 known pegmatite dykes and extends northeast of the property, alongside the entire northern extension of the Crowduck Bay Fault, known for its lithium-enriched pegmatite dyke clusters. The 5 pegmatite dykes were first mapped and reported by Murray Frarey, a Geological Survey of Canada geologist, in 1949.
The Peg North Claims is the company’s largest property and completed this property option agreement at the beginning of June 2022, the company greatly expanded its footprint in the Snow Lake area to 43,000 acres/17,500+ 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 43,276 acres (17,513 hectares) in the highly prospective Snow Lake pegmatite fields, including the entire northern extension of the Crowduck Bay Fault.
- 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 are spatially associated with regionally extensive Crowduck Bay Fault, and 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
EarthEx Geophysical Solutions Inc which flew a drone-assisted magnetic survey over the entire property in 2022, and completed a “UAV” (unmanned assisted vehicle) assisted high-resolution airborne magnetic survey. The survey was conducted between June 15th, 2022, and October 6th, 2022, and comprised 2990.5-line km, and identified specific areas of interest.
Major Fault Structure
The preliminary review of the UAV-assisted magnetic survey on the Peg North property has defined a major fault structure oriented approximately north-south and with a sinistral sense of movement as illustrated in the figure below. The structure occurs in the eastern portion of the property, is approximately 50 meters wide and extends for 3 km. Associated with this structure is a large zone of magnetic lows with an approximate area of 39 hectares.
Figure 1. Fault structure defined by UAV-assisted magnetic survey, Peg North property, Snow Lake area
Forward Moving Plans
LiDAR surveys will commence with focus on the major structure as illustrated in Figure 1 and the related magnetically depleted zone on the Peg North property using targeted MMI soil geochemical survey.
This data will provide additional guidance for ground follow-up of this structure using an integrated approach of prospecting, rock and soil geochemical surveys.
Historically mapped pegmatite and any new targets identified by the drone-assisted magnetic survey will be also assessed for a planned future drill program.