First Class Metals plc has upgraded the Dead Otter trend within its North Hemlo property to “high profile” target and accelerated exploration with a “potentially significant impact”.
DISCOVERY
The project was previously confirmed to have a discontinuous 3.7km long gold trend, open along strike, in the south of the property. Gold was also panned from grab samples.
FCM already has a three-year exploration permit, allowing mechanical stripping and diamond core drilling.
A drilling operator has reviewed site logistics and access for a diamond drill rig.
FCM has commissioned Emerald Geological Services, for stripping and channel sampling across “several high priority” targets along the Dead Otter trend, particularly where previous assay grades reached up to 19.6g/t.
Following completion of the four-week work programme, FCM expects to delineate drill targets.
The company has also sent for re-assay selected samples from historical work demonstrating “potential for coarse gold” at Dead Otter.
Chief executive Marc Sale said that positive exploration results could catapult the structure along the Dead Otter trend into ‘new discovery’ status.
“The North Hemlo property and its gold endowment forms the spearhead of our current exploration campaign.
“Sawn channels, the work we are proposing, are comparable to horizontal drill holes and can be utilised in resource calculations.
“The work is exciting as it could significantly elevate the importance of this substantial gold-bearing structure which is now one of the high profile targets within the company’s portfolio of strategic exploration interests.”