InvestmentPitch Media Video Discusses Foremost Lithium’s Extensive Exploration Program on its Snow Lake Manitoba Properties and Upcoming Drill Season

VANCOUVER, British Columbia, Aug. 31, 2023 (GLOBE NEWSWIRE) -- Foremost Lithium Resource & Technology Ltd. (NASDAQ:FMST) (CSE:FAT) (FSE:F0R), a hard-rock exploration company with a focus on lithium, is busy with an extensive exploration program on its Manitoba properties prior to its upcoming drill season.

For more information, please view the InvestmentPitch Media video which provides additional information about this news and the company along with comments from Jason Barnard, President and CEO. If you are unable to view this video, please watch on InvestmentPitch Media’s YouTube channel at this link: (click here)

On August 24th, the company began trading on NASDAQ under the symbol “FMST”, while closing a financing of 800,000 units at US$5.00, raising gross proceeds of US$4 million.

This was followed by the appointment of Jody Dahrouge, President of Dahrouge Geological Consulting, to its Advisory Board. Jody and his company played significant roles in unearthing some of the largest Canadian hard-rock lithium discoveries and have a proven track record including being the original vendor of Patriot Battery Metal’s Corvette Property in Quebec.

Dahrouge Geological is conducting a large-scale surface exploration program on Foremost’s four Lithium Lane properties, which cover more than 43,000 acres in Snow Lake, Manitoba for Lithium Cesium Tantalum or “LCT” pegmatites, focussing on areas that are either under-explored or exhibit potential for discovering additional LCT pegmatites.

The program will include:

• Targeted geochemical sampling and geological mapping
  
• Prospecting and rock sampling over priority target areas
  
• MMI-soil or till sampling of target areas lacking outcrop
  
• Detailed geological mapping in highly prospective zones, and data captured using ESRI Field Maps.

The Peg North Project, which covers 16,697 acres or 6,757 hectares, hosts significant potential for lithium mineralization, given its proximity to the Wekusko Pegmatite Fields and its position along strike of the Thompson Brothers Lithium Deposit and the Crowduck Bay Fault. Spodumene-bearing LCT pegmatite has been historically associated with the Crowduck Bay Fault. High-resolution magnetic data acquired and processed by EarthEx Geophysical Solutions has identified a substantial sinistral fault on the eastern side of the property, accompanied by a magnetically depleted zone at its southern boundary. Its presence indicates the possibility of it being a potential conduit for LCT mineralization, thus warranting further exploration.