First Phosphate Corp Reports Positive Drill Results at Bégin-Lamarche Project

First Phosphate Corp Reports Positive Drill Results at Bégin-Lamarche Project

Key Takeaways (TLDR)

• First Phosphate Corp's positive drill results solidify its position as a key player in the phosphate mining sector.

• The company completed a 25,929-meter drill program at the Bégin-Lamarche project, with samples now shipped for analysis.

• The robust potential of the Bégin-Lamarche project aims to make a positive impact in the phosphate mining sector.

• Significant phosphate layers intersected in the 3 km magnetic trend at Bégin-Lamarche, showing promising mining potential.

Why it Matters

This news matters as it highlights the robust potential of the Bégin-Lamarche project and the company's aim to establish itself as a key player in the phosphate mining sector.

Summary

First Phosphate Corp Chief Geologist Gilles Laverdiere discusses the latest results from the Bégin-Lamarche project in Quebec. A 25,929-meter drill program was completed ahead of schedule, with all samples shipped for analysis. A 43-101 resource estimate and Preliminary Economic Assessment are expected by the end of fiscal Q4 2024.

Significant phosphate layers were intersected in most drill holes across the 3 km magnetic trend. The Phosphate Mountain Zone has shown grades over 10% P2O5, with widths ranging from 7 m to 99 m. The overall strike length of the Phosphate Mountain Zone and the Northern Zone is approximately 600 meters.

First Phosphate Corp aims to solidify its position in the phosphate mining sector with these positive results.

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