Equipment & Logistics Metals & Minerals News

FCM begins inaugural 500m drilling at Zigzag

Posted on Author editorial Comment(1)

First Class Metals plc (FCM) yesterday began an inaugural 500m drilling programme on the lithium, tantalum, rubidium and gallium Zigzag property in northwest Ontario.

Results: the company undertook only hand stripping of vegetation during the channel sampling (FCM) 

CENTRAL

Following FCM’s early exploration agreement with Whitesand First Nation (WFN), Rodren Drilling, a WFN approved service provider, is the operator.

Seven drillholes are initially planned over 50m with the provision for a deeper ‘step-back’ based on visual encouragement, said FDR. 

Preparations started on 3 December with drilling focused on the central 400m to explore the areas of high channel sample results.

The programme follows grab samples and channel sample results, some of which were returned in October.  

A “significant” number of channel samples showed >1% Li2O, including Channel 7 which returned 2.36% lithium over 5.5m.

FCM added that only hand stripping of vegetation was undertaken during the channel sampling. 

Related Articles
Finance News Oil & Gas

Predator to raise £3.3 million via placing

Posted on Author editorial

Predator Oil & Gas Holdings plc is to raise £3.3 million via a placing to fund drilling at its onshore gas operations in Morocco. PLACING The company conditionally placed 60,000,000 new ordinary shares of no par value at 5.5 pence each, lower than yesterday (Tuesday)’s price of 8.3 pence. Predator said that the placing was significantly oversubscribed and […]
Metals & Minerals News

Cornish Metals narrows losses

Posted on Author editorial

Cornish Metals Inc ended its last financial year with a low cash balance but narrowed losses at its copper-tin projects in South Crofty and United Downs, Cornwall. In its financial results for the year ended 31 January 2021, the Canadian exploration and development company recorded a cash balance of CA$353,601 [£207,000] (31 Jan 2020: $1,305,253). […]
Company Moves Metals & Minerals News

Cornish Lithium appoints Varshan Gokool as CFO

Posted on Author editorial

Cornish Lithium Ltd has appointed Varshan Gokool as its chief financial officer. Mr Gokool will assist in the development of lithium projects in Cornwall in an economically and financially robust framework. He has more than 22 years experience in guiding publicly listed mining companies from project definition through to development and construction. Mr Gokool was most […]

One Reply to “FCM begins inaugural 500m drilling at Zigzag”

  1. Pingback: FCM drill results show additional metals at Zigzag - Extractive Industries

Comments are closed.