08:47 AM EDT, 04/08/2024 (MT Newswires) -- Foremost Lithium Resource & Technology Ltd. ( FMST ) on Monday provided a drilling progress update for its 2024 winter drill program on its Zoro Property located in the Snow Lake region of Manitoba.

The company has completed two holes targeting Dyke 1 with assay results confirming lithium mineralization spanning a cumulative length of 25.92 meters.

Highlights in drill holes FL24-009 and FL24-010 include 1.52% Li2O over 5.02 meters and 1.09% Li2O over 9.88 meters. Dyke 1 hosts the company's maiden inferred resource of about 1.1 million tons at a grade of 0.91% Li2O, with a cut-off grade of 0.3%.

Drill hole FL24-009 intersected 7.96 m of spodumene-bearing pegmatite returning 1.03% Li2O starting at a depth of 233.04 meters; and drill hole FL24-010 intersected 5.37 meters of spodumene-bearing pegmatite returning 1.34% Li2O starting at a depth of 180.73 meters.

The company's stock rose 7.6% in Canada on Friday.