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Bullboard - Stock Discussion Forum Foremost Clean Energy Ltd C.FAT

Alternate Symbol(s):  FMST

Foremost Clean Energy Ltd, formerly Foremost Lithium Resource & Technology Ltd., is a uranium and lithium exploration company with interests in 10 prospective properties spanning over 330,000 acres in the prolific, uranium-rich Athabasca Basin. The Company also maintains a secondary portfolio of lithium projects at different stages of development spanning over 50,000 acres across Manitoba and... see more

CSE:FAT - Post Discussion

Foremost Clean Energy Ltd > When do we see an update?
View:
Post by TFSAfunds on Mar 12, 2021 12:24pm

When do we see an update?

And where is the money coming from?

VANCOUVER, British Columbia, Feb. 16, 2021 (GLOBE NEWSWIRE) -- Far Resources Ltd (CSE-FAT) is pleased to announce that plans for a winter drilling program on its Zoro lithium property near Snow Lake, Manitoba is underway. The company intends to carry out up to 5000 metres of diamond core drilling on several lithium-bearing pegmatites on the property. Approximately 2500 metres is targeted on testing for additional mineralisation on Dyke 1, portion of which hosts a NI 43-101 compliant inferred resource of 1.074 million tonnes grading 0.91% lithium oxide (Li2O), and another 2500 metres on outside targets, particularly the newly discovered Dyke 8. Limited shallow drilling on Dyke 8 has returned values including 12.3 metres grading 1.1% Li2O.
Comment by Martyboss on Mar 12, 2021 9:40pm
Have not heard anything yet as to whether they have to financing for this drill program.  Hopefully this week because if  they get an early thaw up there  that will have a bearing on thier program. Time and weather  is now becoming a factor,regarding thier plans.  
Comment by TFSAfunds on Mar 13, 2021 5:24pm
Thanks Marty... but that does concern me! Isn't winter, basically, the only time to drill (affordably) and spring/summer/fall the time for "boots on the ground" type exploration?
Comment by KozmoT on Mar 14, 2021 3:42pm
The funny part is ... what are they drilling?!  They already killed off what they had and even admitted they weren't going to drill anymore but instead focus on trying to find new lithium occurences ... do you think they somehow completely forgot that ? "Further exploration planned for the Zoro property will cover those areas where no exploration has been undertaken to date.  ...more  
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