First Phosphate Corp has announced positive drill results from its Bégin-Lamarche project in Quebec, signaling a major advancement in phosphate mining. The company completed a 25,929-meter drill program ahead of schedule, with all samples sent for analysis, paving the way for a 43-101 resource estimate and a Preliminary Economic Assessment by the end of fiscal Q4 2024.
The findings are notable, with significant phosphate layers identified across the project area, particularly in the Phosphate Mountain Zone. Here, 20 out of 23 drill holes showed grades over 10% P2O5, with widths ranging from 7 to 99 meters. The zone's merger with the Northern Zone reveals a 500-meter thick phosphate mineralized envelope, containing up to five individual layers, each 60 to 100 meters thick, extending to a depth of 300 meters.
Phosphate's role in fertilizers makes it vital for global food security, especially as the population grows and arable land diminishes. The Bégin-Lamarche project's potential to meet increasing demand is significant. Located in Quebec, the project benefits from mining-friendly policies and infrastructure, offering strategic advantages in North American markets.
The upcoming studies will assess the deposit's size, quality, and economic viability, crucial for investors and the industry. With global focus on sustainable agriculture, the project could enhance regional agricultural productivity and reduce reliance on imported phosphate.
For more information on the project's progress, visit https://www.firstphosphate.com. First Phosphate Corp's developments at Bégin-Lamarche underscore the project's potential to influence the phosphate mining sector and global supply chains.
