First Phosphate Intersects 92.5 m of 11.82% Igneous Phosphate Starting at Surface at Its Begin-Lamarche Project in Saguenay-Lac-St-Jean, Quebec, Canada
Saguenay, Quebec – Newsfile Corp. – April 23, 2024 – First Phosphate Corp. (CSE: PHOS) (OTC: FRSPF) (FSE: KD0) (“First Phosphate” or the “Company“) is pleased to announce a third set of assay results from its ongoing 25,000 m drill program at its Bégin-Lamarche project located in Saguenay-Lac-St-Jean, Quebec, Canada. Since the drill program began in February 2024, a total of 23,398 m of drilling has been completed and assay results have now been returned for a total of 9,155 m of drilling. A total of 4,691 samples are still at the laboratory and results will be released as they become available.
Highlights:
Phosphate Mountain Zone
A total of 20 drill holes have been completed to date in the Phosphate Mountain Zone while results from only 5 drill holes have been received to date. Data received from these 5 drill holes shows grades of over 10% P2O5 over widths ranging from 7 m to 92 m. The Phosphate Mountain Zone has been drilled for a total length of 250 m to date. This zone is beginning to merge (from the southeast) with the Northern Zone where a 500 m thick phosphate mineralized envelope exists, one which has delineated up to 5 individual layers ranging from 60 m to 100 m in thickness starting at surface and continuing down to a depth of 300 m. The overall strike length of the Phosphate Mountain Zone and the Northern Zone is approximately 600 m.
Drill hole BL-24-56 intersected 11.82% P2O5 over 92.5 m from a starting depth of 6.5 m. Another high-grade intersection in hole BL-24-53 yielded 9.5% P2O5 over 62.3 m at a starting depth of 70.1 m (See Table 1).
Table 1 – Drill Results for the Phosphate Mountain Zone
1 Lengths are measured along the core. True widths are estimated to be between 70 and 90% of the core interval.
Northern Zone
2024 drill results to date indicate 4 mineralized phosphate layers ranging from 60 m to 100 m in thickness within a 500 m thick mineralized envelope starting at surface and continuing to a depth of 300 m. Additional drill holes are being added to this zone to better define the layers.
Drill hole BL-24-40 intersected 7.76% P2O5 over 88.2 m from a depth of 186.0 m including 9.33% P2O5% over 61.2 m. (See Table 2).
Table 2 – Drill Results for the Northern Zone
1 Lengths are measured along the core. True widths are estimated to be between 70% and 90% of the core interval.
2 Drill hole has been interpreted as drilled parallel to the phosphate layer (potentially along dip)
Northwestern Zone (NW)
Drill hole BL-24-45 intersected 7.97% P2O5 over 38.0 m from a starting depth of 22.0 m and drill hole BL-24-54 intersected 9.18% P2O5 over 40.0 m starting at 61.1 m (See Table 3). The Northwestern Zone has been drilled over a strike of 300 m and has returned values of between 8% and 10% P2O5 over widths ranging from 30 m to 40 m. This zone is located northwest of the main magnetic trend and phosphate mineralization area.
Table 3 – Drill Results for the Northwestern Zone
1 Lengths are measured along the core. True widths are estimated to be between 80% and 90% of the core interval.
Southern Zone
The Southern Zone has been drilled at 100 m spaced sections over a strike length of 1,000 m. Results to date from the Southern Zone show continuous widths of over 100 m of phosphate mineralization. Drill hole BL-24-55 indicates results of 4.60% P2O5 over 190.8 m starting at a surface depth of 4.0 m (See Table 4). The current results also confirm the presence of other higher grade phosphate layers as evidenced by drill hole BL-24-41 which returned 8.87% P2O5 over 12.6 m and drill hole BL-24-52 which returned 7.04% P2O5 over 43.7 m including a section of 12.28% P2O5 over 9.2 m.
Table 4 – Drill Results for the Southern Zone
1 Lengths are measured along the core. True width is estimated to be between 60% and 90% of the core interval
The technical parameters of the drill holes being released in this press release are shown in Table 5 below and their location is shown in Figure 1 below. Previously released results for drill holes from the current 2024 drill program are presented in Table 6.
Table 5 – Parameters for the Current Drill Holes Being Released
Table 6 – Other Previously Released Results for the 2024 Drill Campaign
Results from the earlier 2024 drill program are available at:
April 2, 2024: https://firstphosphate.com/drilling-2m-vein-of-massive-apatite
March 19, 2024: https://firstphosphate.com/initial-assay-results
Results from the earlier 4,274 m drill program conducted in 2023 can be found at:
June 5, 2023: https://firstphosphate.com/begin-lamarche-2023
Highlights:
- Phosphate Mountain Zone: Drill hole BL-24-56 intersected 11.82% P2O5 (phosphate) over 92.5 m starting at a surface depth of 6.5 m. Drilling in the Phosphate Mountain Zone revealed a thick layer (90 m) of phosphate bearing nelsonite outcropping on surface with numerous other high-grade intersections at greater than 10% P2O5.
- Northern Zone: Drill hole BL-24-40 intersected 7.76% P2O5 over 88.2 m from a depth of 186.0 m including 9.33% P2O5 over 61.2 m.
- Northwestern Zone: Drill hole BL-24-54 intersected 9.18% P2O5 over 40.0 m from a starting depth of 61.1 m.
- Southern Zone: Drill hole BL-24-55 intersected 4.60% P2O5 over 190.8 m from a starting surface depth of 4.0 m.
Phosphate Mountain Zone
A total of 20 drill holes have been completed to date in the Phosphate Mountain Zone while results from only 5 drill holes have been received to date. Data received from these 5 drill holes shows grades of over 10% P2O5 over widths ranging from 7 m to 92 m. The Phosphate Mountain Zone has been drilled for a total length of 250 m to date. This zone is beginning to merge (from the southeast) with the Northern Zone where a 500 m thick phosphate mineralized envelope exists, one which has delineated up to 5 individual layers ranging from 60 m to 100 m in thickness starting at surface and continuing down to a depth of 300 m. The overall strike length of the Phosphate Mountain Zone and the Northern Zone is approximately 600 m.
Drill hole BL-24-56 intersected 11.82% P2O5 over 92.5 m from a starting depth of 6.5 m. Another high-grade intersection in hole BL-24-53 yielded 9.5% P2O5 over 62.3 m at a starting depth of 70.1 m (See Table 1).
Table 1 – Drill Results for the Phosphate Mountain Zone
| Drill Hole | From (m) | To (m) | Length1 (m) | P2O5 (%) | TiO2 (%) | Fe2O3T (%) |
| BL-24-46 | 32.0 | 74.0 | 42.0 | 8.73 | 3.26 | 22.43 |
| including | 32.0 | 49.5 | 17.5 | 10.31 | 4.15 | 27.30 |
| including | 55.0 | 74.0 | 19.0 | 9.75 | 3.30 | 22.61 |
| BL-24-46 | 111.0 | 135.0 | 24.0 | 12.47 | 4.63 | 30.05 |
| BL-24-46 | 155.2 | 177.6 | 22.4 | 14.34 | 5.84 | 28.28 |
| BL-24-46 | 225.0 | 252.0 | 27.0 | 11.15 | 3.85 | 19.81 |
| BL-24-46 | 258.0 | 278.0 | 20.0 | 4.18 | 1.96 | 10.25 |
| BL-24-51 | 70.0 | 111.0 | 41.0 | 7.72 | 1.88 | 16.09 |
| BL-24-51 | 133.3 | 136.0 | 2.7 | 16.33 | 4.48 | 24.75 |
| BL-24-51 | 152.5 | 157.5 | 5.0 | 11.85 | 4.54 | 23.67 |
| BL-24-53 | 70.1 | 132.4 | 62.3 | 9.50 | 4.12 | 28.45 |
| including | 70.1 | 114.8 | 44.7 | 10.91 | 4.88 | 34.23 |
| BL-24-53 | 154.1 | 246.0 | 91.9 | 6.92 | 3.50 | 20.08 |
| including | 192.0 | 220.5 | 28.5 | 10.98 | 5.35 | 27.27 |
| BL-24-56 | 6.5 | 99.0 | 92.5 | 11.82 | 5.29 | 30.96 |
| including | 6.5 | 84.0 | 77.5 | 12.96 | 5.77 | 33.31 |
| BL-24-56 | 123.0 | 162.0 | 39.0 | 8.43 | 3.18 | 17.56 |
1 Lengths are measured along the core. True widths are estimated to be between 70 and 90% of the core interval.
Northern Zone
2024 drill results to date indicate 4 mineralized phosphate layers ranging from 60 m to 100 m in thickness within a 500 m thick mineralized envelope starting at surface and continuing to a depth of 300 m. Additional drill holes are being added to this zone to better define the layers.
Drill hole BL-24-40 intersected 7.76% P2O5 over 88.2 m from a depth of 186.0 m including 9.33% P2O5% over 61.2 m. (See Table 2).
Table 2 – Drill Results for the Northern Zone
| Hole | From (m) | To (m) | Length1 (m) | P2O5 (%) | TiO2 (%) | Fe2O3T (%) |
| BL-24-40 | 21.0 | 60.0 | 39.0 | 5.78 | 3.91 | 24.55 |
| including | 48.0 | 60.0 | 12.0 | 10.09 | 5.45 | 36.98 |
| BL-24-40 | 186.0 | 274.2 | 88.2 | 7.76 | 2.86 | 21.87 |
| including | 213.0 | 274.2 | 61.2 | 9.33 | 3.14 | 24.13 |
| BL-24-422 | 6.6 | 188.7 | 182.1 | 5.04 | 3.09 | 17.77 |
| including | 93.0 | 108.0 | 15.0 | 8.01 | 4.35 | 24.05 |
| including | 120.0 | 159.4 | 39.4 | 8.00 | 4.38 | 28.57 |
1 Lengths are measured along the core. True widths are estimated to be between 70% and 90% of the core interval.
2 Drill hole has been interpreted as drilled parallel to the phosphate layer (potentially along dip)
Northwestern Zone (NW)
Drill hole BL-24-45 intersected 7.97% P2O5 over 38.0 m from a starting depth of 22.0 m and drill hole BL-24-54 intersected 9.18% P2O5 over 40.0 m starting at 61.1 m (See Table 3). The Northwestern Zone has been drilled over a strike of 300 m and has returned values of between 8% and 10% P2O5 over widths ranging from 30 m to 40 m. This zone is located northwest of the main magnetic trend and phosphate mineralization area.
Table 3 – Drill Results for the Northwestern Zone
| Hole | From (m) | To (m) | Length1 (m) | P2O5 (%) | TiO2 (%) | Fe2O3T (%) |
| BL-24-45 | 22.0 | 60.0 | 38.0 | 7.97 | 3.15 | 20.54 |
| BL-24-54 | 61.1 | 101.1 | 40.0 | 9.18 | 4.80 | 28.16 |
1 Lengths are measured along the core. True widths are estimated to be between 80% and 90% of the core interval.
Southern Zone
The Southern Zone has been drilled at 100 m spaced sections over a strike length of 1,000 m. Results to date from the Southern Zone show continuous widths of over 100 m of phosphate mineralization. Drill hole BL-24-55 indicates results of 4.60% P2O5 over 190.8 m starting at a surface depth of 4.0 m (See Table 4). The current results also confirm the presence of other higher grade phosphate layers as evidenced by drill hole BL-24-41 which returned 8.87% P2O5 over 12.6 m and drill hole BL-24-52 which returned 7.04% P2O5 over 43.7 m including a section of 12.28% P2O5 over 9.2 m.
Table 4 – Drill Results for the Southern Zone
| Hole | From (m) | To (m) | Length1 (m) | P2O5 (%) | TiO2 (%) | Fe2O3T (%) |
| BL-24-41 | 6.9 | 19.5 | 12.6 | 8.87 | 6.21 | 31.05 |
| BL-24-41 | 96.0 | 141.0 | 45.0 | 5.18 | 3.08 | 17.68 |
| including | 96.0 | 126.0 | 30.0 | 6.14 | 3.75 | 20.04 |
| including | 135.0 | 141.0 | 6.0 | 7.48 | 3.17 | 26.64 |
| BL-24-50 | 4.2 | 93.0 | 88.8 | 5.90 | 4.14 | 23.62 |
| BL-24-52 | 67.0 | 183.0 | 116.0 | 4.54 | 3.47 | 19.48 |
| BL-24-52 | 204.0 | 273.0 | 69.0 | 5.49 | 2.93 | 19.84 |
| BL-24-52 | 204.0 | 247.7 | 43.7 | 7.04 | 3.62 | 24.50 |
| including | 204.0 | 228.0 | 24.0 | 7.77 | 4.14 | 29.02 |
| including | 238.5 | 247.7 | 9.2 | 12.28 | 5.59 | 30.41 |
| including | 258.0 | 273.0 | 15.0 | 4.33 | 2.50 | 15.79 |
| BL-24-55 | 4.0 | 194.8 | 190.8 | 4.60 | 3.64 | 19.83 |
| including | 4.0 | 132.0 | 128.0 | 5.08 | 3.90 | 20.92 |
| including | 153.0 | 194.8 | 41.8 | 4.95 | 4.24 | 23.59 |
| BL-24-57 | 3.5 | 81.4 | 77.9 | 4.71 | 3.17 | 19.33 |
| including | 3.5 | 48.0 | 44.5 | 4.89 | 3.30 | 20.06 |
| including | 63.0 | 81.4 | 18.4 | 7.85 | 5.10 | 28.82 |
| BL-24-57 | 157.7 | 169.0 | 11.3 | 4.04 | 2.25 | 16.37 |
| BL-24-57 | 183.9 | 194.0 | 10.1 | 6.58 | 3.86 | 22.58 |
| BL-24-57 | 240.8 | 244.0 | 3.2 | 10.54 | 2.02 | 12.51 |
1 Lengths are measured along the core. True width is estimated to be between 60% and 90% of the core interval
The technical parameters of the drill holes being released in this press release are shown in Table 5 below and their location is shown in Figure 1 below. Previously released results for drill holes from the current 2024 drill program are presented in Table 6.
Table 5 – Parameters for the Current Drill Holes Being Released
| Hole_ID | Easting | Northing | Azimuth | Dip | Depth | Zone |
| BL-24-40 | 326585 | 5403279 | 330 | -45 | 282 | Northern |
| BL-24-41 | 326011 | 5402284 | 125 | -45 | 150 | Southern |
| BL-24-42 | 326568 | 5403312 | 150 | -45 | 201 | Northern |
| BL-24-45 | 326253 | 5403348 | 305 | -45 | 204 | NW |
| BL-24-46 | 326814 | 5403914 | 150 | -45 | 300 | Mountain |
| BL-24-50 | 325795 | 5402184 | 125 | -45 | 276 | Southern |
| BL-24-51 | 326814 | 5403914 | 150 | -60 | 244.7 | Mountain |
| BL-24-52 | 325781 | 5402326 | 125 | -45 | 300 | Southern |
| BL-24-53 | 326851 | 5403845 | 150 | -45 | 301 | Mountain |
| BL-24-54 | 326348 | 5403342 | 350 | -45 | 225 | NW |
| BL-24-55 | 325852 | 5402300 | 125 | -45 | 225 | Southern |
| BL-24-56 | 326899 | 5403859 | 150 | -45 | 288 | Mountain |
| BL-24-57 | 325897 | 5402245 | 125 | -45 | 300 | Southern |
Table 6 – Other Previously Released Results for the 2024 Drill Campaign
| Hole_ID | From (m) | To (m) | Length (m) | P2O5 (%) | TiO2 (%) | Fe2O3T (%) |
| BL-24-22 | 195.00 | 259.50 | 64.50 | 5.80 | 2.94 | 21.04 |
| BL-24-23 | 21.00 | 175.10 | 154.10 | 7.02 | 4.40 | 27.34 |
| BL-24-24 | 61.30 | 190.90 | 129.60 | 5.22 | 3.63 | 22.32 |
| BL-24-25 | 74.20 | 117.00 | 42.80 | 9.89 | 3.54 | 28.65 |
| BL-24-26 | 6.90 | 96.00 | 89.10 | 9.44 | 3.92 | 27.59 |
| BL-24-27 | 138.00 | 189.00 | 51.00 | 4.41 | 3.05 | 20.62 |
| BL-24-28 | 73.25 | 152.20 | 78.95 | 5.48 | 4.07 | 24.68 |
| BL-24-29 | 99.00 | 276.00 | 177.00 | 4.46 | 3.63 | 22.85 |
| BL-24-30 | 33.00 | 78.65 | 45.65 | 4.28 | 2.97 | 19.83 |
| BL-24-31 | 119.85 | 213.80 | 93.95 | 7.16 | 3.49 | 18.76 |
| BL-24-32 | 159.00 | 228.00 | 69.00 | 5.51 | 3.82 | 24.60 |
| BL-24-33 | 3.80 | 110.00 | 106.20 | 5.00 | 3.70 | 21.19 |
| BL-24-34 | 93.00 | 192.00 | 99.00 | 6.34 | 2.74 | 20.09 |
| BL-24-35 | 212.50 | 253.70 | 41.20 | 6.25 | 3.44 | 19.55 |
| BL-24-36 | 234.0 | 342.0 | 108.0 | 6.83 | 4.33 | 28.34 |
| BL-24-37 | 84.0 | 126.0 | 42.0 | 6.03 | 4.47 | 28.57 |
| BL-24-39 | 102.0 | 150.0 | 48.0 | 5.51 | 2.20 | 16.64 |
| BL-24-43 | 111.0 | 369.0 | 258.0 | 5.41 | 4.33 | 22.19 |
| BL-24-44 | 192.4 | 283.0 | 90.6 | 7.48 | 3.38 | 23.64 |
| BL-24-47 | 153.0 | 304.0 | 151.0 | 3.89 | 3.36 | 19.51 |
| BL-24-48 | 32.0 | 39.65 | 7.65 | 15.01 | 2.59 | 19.17 |
| BL-24-49 | 72.5 | 105.5 | 33.0 | 8.65 | 3.77 | 24.05 |
Results from the earlier 2024 drill program are available at:
April 2, 2024: https://firstphosphate.com/drilling-2m-vein-of-massive-apatite
March 19, 2024: https://firstphosphate.com/initial-assay-results
Results from the earlier 4,274 m drill program conducted in 2023 can be found at:
June 5, 2023: https://firstphosphate.com/begin-lamarche-2023
