09:06 AM EDT, 03/27/2024 (MT Newswires) -- Foremost Lithium Resource & Technology Ltd. ( FMST ) reported Wednesday its widest intercept to date at the Zoro lithium project in Manitoba.

The company said it intersected 32.53 meters of spodumene-bearing pegmatite at the Zoro Dyke 1, its maiden resource area, starting at 196.23 meters.

Analytical results are still pending.

"The presence of spodumene and the length of pegmatite encountered in multiple holes, highlighted by over 32 meters of spodumene-bearing pegmatite hit in one hole, are very positive in terms of the potential for our maiden resource to now grow in significant scale," President and CEO Jason Barnard said.

Foremost said it will continue to build resource to the south of Dyke 1, which it described as "a promising new unchartered area."

The company lost 1.5% yesterday.