July 29, 2009
First Lithium receives NI 43-101 Technical Report on Godslith Lithium Property
Vancouver, British Columbia -- First Lithium Resources Inc. (TSX-Venture: MCI) is pleased to announce that it has received the NI-43-101 compliant technical report produced by Mark Fedikow of Mount Morgan Resources Ltd. for its Godslith lithium-bearing pegmatite project in the Gods River area of northern Manitoba. The 70-page report, which will be made available on SEDAR shortly, details the geological setting of its lithium-bearing pegmatite and reviews the historic exploration results by Inco between 1958-1961 that indicated a non-NI 43-101 compliant historic resource of "4.8 million tons of 1.27% Li2O over 36.2 feet using a cutoff grade of 0.70% Li2O". Probable resources have been estimated to be "4.6 million tons grading 1.14% Li2O". The technical report also provides recommendations to First Lithium for future exploration work and includes an initial program of prospecting and geological mapping on their pending Mineral Exploration License (395A) followed by soil geochemical surveys designed to assess the area for additional pegmatite dykes and base and precious metals. A diamond drill program has also been recommended for the purpose of extending the Li-bearing pegmatite on their Godslith property to depths below those indicated by the historic Inco drilling. A multi-commodity assay program for drill core will accompany the drill program. Note: a qualified person has not done sufficient work to classify the historical estimate as current mineral resources, the issuer is not treating the historical estimate as current mineral resources and the historical estimate should not be relied upon.
First Lithium has also completed an initial engagement meeting with the Manto Sipi Cree Nation at Gods River, Manitoba and established perameters for a working relationship with the community.
This news release has been prepared on behalf of the First Lithium Resources Inc. Board of Directors, which accepts full responsibility for its contents. The contents of this release have been reviewed and approved by Mark Fedikow, P.Eng, P.Geo., C.P.G., a qualified person as defined by National Instrument 43-101.
ON BEHALF OF THE BOARD
President & CEO
For further information contact or Craig Naughty, or visit the website at
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