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First Energy Metals Signs Option to Acquire Scramble Mine Gold Property in Northwestern Ontario, Canada

VANCOUVER, BC, June 2, 2020 /CNW/ -A First Energy Metals Ltd. (CSE: FE) ("First Energy" or the "Company) is pleased to announce that it has entered into an option agreement to acquire Scramble Mine gold property located in Northwestern Ontario, Canada. Scramble Mine Gold Property Highlights:

The Scramble Mine gold property is comprised of six mining claims covering approximately 140 hectares land, located in Jaffray Township, Kenora Mining District, approximately 8 kilometres east of the town of Kenora in Northwestern Ontario.



The mine was discovered in 1894 but after an initial exploration phase remained essentially dormant until 1984 when Boise Cascade Canada Ltd. commenced an evaluation of the property.



Since 1984, approximately 5,200 metres of diamond drilling, 250 metres of surface stripping with sampling and 450 metres of underground development have taken place.



The zone of mineralization, including pyrite-gold enriched biotite-rich schist felsic units and veins, extends on surface and in drill holes for about 550 metres.



Size of the deposit is 915 meters (m) long along strike, 3.7 m wide and 366 m to 475 m deep.



Historical resource at the Property is estimated at 150,000 tons at an average grade of 0.24 ounces per ton (opt) (6.8 grams/ton) (having grades of up to 9.15 opt (259 grams/ton)). The deposit is documented to have 70,000 ounces of contained gold using a cutoff grade of 0.05 opt (1.42 grams/ton).

Cautionary Statement: Investors are cautioned that the above information has been taken from Ontario Ministry of Energy, Northern Development and Mines (MNDM) online database. The reference for Scramble Mine information as documented in MNDM records is:A "Parr, M. and Kuehnbaum, R. 1990. The Scramble Mine gold Deposit; Field Trip No.2, Canadian Institute Mining, Metallurgy and Petroleum, Exploration and Mining Geology, 14th Annual Meeting, pp. 41-65". The Company has not verified the information available. AA qualified person from the Company has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves; andA the Company is not treating the historical estimate as current mineral resources or mineral reserves.The Company believes that the historic estimate is relevant to an appraisal of the merits of the property and forms a reliable basis upon which to develop future exploration programs. The Company will need to conduct further exploration which will include drill testing the project, and there is no guarantee that the results obtained will reflect the historical estimate. Exploration Work Plan:The Company is also pleased to announce that immediate upon signing this agreement it has contracted Pleson Geoscience to commence surface field exploration work on the Property. The exploration work will include prospecting to locate historical mineralization areas, channel and grab surface sampling, mapping historical gold mineralization veins and structures, and developing a detailed Phase 2 exploration work plan. The Company intends to take several bulk samples from the mine to understand the deposit mineralogy and to carry out metallurgical test work. A permitting application will be filed after completion of the fieldwork exploration.
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