First Phosphate Corp. (CSE:PHOS, OTCQX:FRSPF) announced that it will undertake a 30,000-metre (m) accelerated drill program at its Bégin-Lamarche property in Quebec, beginning this month.
The mineral development and cleantech company said the drill program is expected to build on the company's initial resource estimate and confirm the final geological model for the property.
"The Bégin-Lamarche property is located near existing infrastructure, skilled workforce and at only ~70 kilometre driving distance from the deep-sea Port of Saguenay and our eventual secondary and tertiary phosphate processing facilities," First Phosphate CEO John Passalacqua said in a statement.
"We have Bégin-Lamarche on an accelerated development path to support potential full vertical integration of the company's future lithium iron phosphate (LFP) cathode active material operations in Saguenay-Lac-St-Jean, Quebec."
First Phosphate noted that the drill campaign will encompass the entire 2.5 kilometre long known phosphate mineralization zone at 50m-by-50m intervals.
The company added that the drill program will begin with two drill rigs in the coming weeks and increase to up to four rigs by mid-November with expected completion by April 2026.
The drill program is fully funded by First Phosphate's recent financings, and all drill and work authorizations are in place.
A full and comprehensive understanding of the deposit is anticipated after completion of the drill program, according to the company.