Foremost Lithium Resource and Technology is focused on increasing shareholder value which includes exploring, developing and acquiring precious and base metal assets if opportunities prove advantageous to shareholders and the Company. The Company is committed to locate overlooked opportunities within historic high-grade mining camps in North America and unlock their potential with its experienced management team who are continually seeking such opportunities in stable mining jurisdictions with established infrastructure.
Foremost Lithium’s Winston Group of Properties is a Gold and Silver Project on a newly expanded 2980-acre drill-ready property located in the Black Range in Sierra County, New Mexico. It's home to three historic mines, Ivanhoe, Emporia, and Little Granite. Each mine produced high-grade gold and silver during full-time operations over a century ago, underscored by Little Granite producing high value ore in some of its underground shoots.
2021 Winston Property Sampling and Exploration
Dr. Michael Feinstein, CPG, QP, visited the Winston Project area three times between October and December of 2020. He conducted confirmatory sampling of the known historic mines, as well as prospecting away from the known occurrences. All samples were collected under the direct supervision of Dr. Michael Feinstein, and securely transported to the Tuscon laboratory of the ALS Global for analysis. His sampling confirmed the occurrence of high-grade material at all three of the historic mines, but also in some locations away from these areas. These were deemed a great success and produced many high-grade samples including g 41.5 g/t Gold and 4610 g/t Silver on newly staked claims, which before no modern exploration efforts have systemically assessed the northern portion of the Chloride District.
Foremost Lithium Resource and Technology expanded its footprint, increasing the property from 415 acres to 2980 acres and increased its claims from 50 to 150. Additional samples from these three mines returned peak values of 66.5 g/t gold and 2,940 g/t silver from Little Granite, 26.8 g/t gold and 1,670 g/t silver from Ivanhoe, and 46.1 g/t gold and 517 g/t silver from Emporia.
- Drill-ready targets on patented claims
- Exceptional results from property-wide confirmatory sampling completed in late 2020 with grades of up to 66.5 g/t gold and 4,619 g/t silver
- Contiguous landholdings totaling approximately 150 claims covering almost 3000 acres.
- Historic drilling in early 1980s suggests potential for high grade ore shoots within larger mineralized envelopes.
- Analysis of work concluded that there is a compelling, low-risk opportunity to quickly confirm historical diamond drilling results and resource estimates to NI-43-101 metrics
Geological Setting of The Winston Project
The Winston Project, situated in the historic Black Range Mining District of southwestern New Mexico, covers 108 square kilometers of the northern portion of the Chloride District. High grade deposits of silver and gold were discovered in 1880 and the area was a major producer until the 1893 crash in the silver price. Little production or modern exploration has occurred since.
The mineralization is of the well-documented epithermal type, common throughout the Cordillera of North and South America and elsewhere around the Pacific Rim of Fire. This style on mineralization is known world-wide and hosts some of the highest grade gold-silver mines, such as Hishikari in Japan, Fruta del Norte in Ecuador and Midas in Nevada. Locally, the mineralized veins are generally associated with north-south trending faulting. The overall controlling geological feature is known as the Rio Grande Rift, and extends into northern Mexico where it hosts to several past and present silver mines.
On the Winston Project, there is a close association with volcanic host rocks formed at the same time as the mineralization. Individual mines and prospects generally show strong controlling geological structures, typically north-south high angle faulting associated with the Rio Grande Rift, which extends for over 1200 kilometers from northern Mexico to central Colorado. On the Winston property, the main structure is the 25km long Paymaster Fault which is readily traced both on the ground using satellite and LiDAR imagery.
Alteration minerals associated with the precious metal mineralization at Winston have yielded radiometric age dates of around 26.5 million years. This coincides with a major volcanic event in the region and broadly correlates with the age of mineralization at the historic Creede Mining District in Southwestern Colorado, which has recorded production of over 84 million ounces of silver, worth in excess of $2 billion dollars US at current prices. Hecla Mining Corp., the premier US silver producer, is undertaking a major evaluation of mines in The Creede District which may lead to the area having a new lease of life.
On May 11, 2021, The Company announced that preparations for an initial drill program targeting the Ivanhoe-Emporia patented claims are underway. Dr. Michael Feinstein, CPG, is overseeing this work which in addition to ground geological mapping and surveying has utilized high resolution LiDAR satellite imagery (laser-generated infrared light beams) to construct a detailed digital model of the area which shall aid to precisely target the optimal location and depths for the initial drill program.
Little Granite Mine
The Little Granite Mine is a past-producing high-grade silver-gold mine hosted in Tertiary volcanics. The style of gold-silver mineralization in the region is known as epithermal, with the precious metal mineralization being hosted by quartz and carbonate veins in altered volcanic rocks. The main vein has been traced for over 200 metres by past drilling and underground workings and remains open along strike to both the north and south, and at depth. Historically reported high grade values confirmed in limited resampling by Foremost Lithium in late 2013. Historic reports suggest vein widens to approx 3m (10ft) at depth.
Ivanhoe – Emporia Mines
The Ivanhoe – Emporia is a past producing gold-silver mine. It’s main shaft sunk to 384 feet depth with a 370ft decline and multiple working levels. Potential for large tonnage of lower grade, stockwork veins surrounding high grade veins mined the past. Soil geochemistry and geophysical anomalies defined for follow-up when funds available.
Foremost Lithium Resource and Technology is committed to commence a drill program in 2022 on multiple targets on the property. Past preparatory work for drilling has included data compilation both of historic and recent work, along with acquisition of high-resolution LiDAR data to allow construction of an accurate terrane model. This property had little to no modern exploration since the early 1980’s and with such high-grade samples returned, the investment community is eager to see drill results and the full potential from the Winston Gold/Silver project that has yet to be realized.
"The scientific and technical information contained in this web page has been reviewed by Michael Feinstein CPG., who is a Qualified Person under National Instrument 43-101, Standards of Disclosure for