Properties
Peg North Lithium Project
Washington is increasingly viewing Canada as a kind of “51st State” for its critical mineral supply needs and plans to deepen financial and logistical partnerships with the country’s mining sector ”
According to a U.S. government source 
Foremost Lithium’s Peg North Project is in the historic mining district of Snow Lake, Manitoba and consists of 16,697 acres (6,757 hectares) or approximately, 26.4 square miles. The Property is located at the east end of the Flin Flon-Snow Lake greenstone belt. The Paleoproterozoic Flin Flon-Snow Lake Belt is approximately 200 km in strike length and has an exposed width of up to 70 km.
The Peg North Claims consist of 28 claims with 5 known pegmatite dykes. The property straddles the northeastern extension of the Crowduck Bay Fault, which is a focal point for the development of lithium-enriched pegmatite dyke clusters. The 5 pegmatite dykes were first mapped and reported by Murray Frarey, a Geological Survey of Canada geologist, in 1949.
The Peg North Claims is the company’s largest property and was acquired by option agreement in early of June 2022, the company greatly expanded its footprint in the Snow Lake area to an amalgamated 43,276 acres (17,513 hectares) in the highly prospective Snow Lake pegmatite fields, including the entire northern extension of the Crowduck Bay Fault.
EXCELLENT POTENTIAL
- The Peg North claims include the northeast extension of the Crowduck Bay Fault (CBF). A study of the distribution of the numerous pegmatite dykes adjacent to the Crowduck Bay Fault (CBF) was documented and reviewed by (Cerny et. al 1981) and further identify the CBF as a focal point of exploration interest for lithium pegmatite in the Snow Lake pegmatite fields. 1
- Additional lithium-bearing pegmatites occur northeast, east and southeast of the Peg North property and underscore the highly prospective nature for repetitions of lithium-earing pegmatite dykes.
- The property is accessible for year-round drilling
EarthEx Geophysical Solutions Inc undertook a UAV-borne (unmanned assisted vehicle) magnetic survey over the entire property in 2022. The survey was conducted between June 15th, 2022, and October 6th, 2022, and comprised 2990.5-line km, and identified numerous areas of interest worthy of follow-up ground exploration. The magnetic responses defined by the survey will be assessed with ground-based soil (MMI Technology) and rock chip geochemistry accompanied by prospecting. Visual integration of results from all surveys will provide drill targets planed for 2023.
Major Fault Structure
The preliminary review of the UAV-borne magnetic survey on the Peg North property has defined a major fault structure oriented approximately north-south and with a sinistral sense of movement as illustrated in the figure below. The structure occurs in the eastern portion of the property, is approximately 50 meters wide and extends for 3 km. Associated with this structure is a large zone of magnetically depleted rocks with an approximate area of 39 hectares.
Ground-based exploration of this structure and associated magnetically depleted bedrock is planned for 2023 with the goal of assessing the area for lithium-bearing pegmatite and identifying drill targets.
Figure 2. Fault structure defined by UAV-assisted magnetic survey, Peg North property, Snow Lake area
Forward Moving Plans
A Lidar survey is planned for the property with focus on the major north-south trending structure and related magnetically depleted zone illustrated in Figure 1 as well as the area of known pegmatite dykes. The Lidar survey will be integrated with the remainder of the exploration databases with the purpose of defining drill targets.
QP STATEMENT
Technical information relating to information contained on this property’s page has been reviewed and approved by Dr. Mark Fedikow, P.Geo. who is a Qualified Person as defined by NI 43-101.
Data Source
1: Cerny, P., Trueman, D.L., Ziehlke, D.V., Goad, B.E. and Paul, B.J.: 1981: The at Lake-Winnipeg River and the Wekusko Lake Pegmatite Fields, Mantoba; Manitoba Department of Energy and Mines, Mineral Resources Division, Economic Geology report ER80-1, 215 pages.