First Phosphate Corp. (CSE:PHOS) has unveiled positive results from its drill program at its Bégin-Lamarche project located in the Saguenay-Lac-St-Jean region of Quebec.
The company said the 99-hole program totalling 25,929 meters confirmed a significant high-quality igneous phosphate deposit.
Drilling showed continuous phosphate mineralization over 2,400 meters across three mineralized zones.
At the Mountain Zone, 23 drill holes totalling 5,023 meters were completed which showed grades of more than 10% P2O5 over widths ranging from 7 meters to 99 meters.
Phosphate mineralized zones in the Mountain Zone reach a thickness of 177 meters, and it contains several veins of massive apatite up to 2 meters thick.
It merges with the Northern Zone, where 19 drill holes totalling 4,831 meters have defined a phosphate-mineralized envelope that is 500 meters thick.
Results from the Southern Zone, where 57 drill holes totalling 15,219 meters were drilled, show continuous widths of more than 100 meters of phosphate mineralization.
The Mountain, Northern and Southern Zones all remain open at depth.
"This drilling campaign has confirmed the presence of a high-quality igneous phosphate deposit in line with expectation and in a logistically-favourable mining area at just 70 km from the deep-water port of Saguenay, Quebec," First Phosphate CEO John Passalacqua said in a statement.
"We have already initiated a 43-101 resource estimate, which will be available in the coming months which will be immediately followed by a PEA."