FCM drill results show additional metals at Zigzag

First Class Metals plc drilling results “exceeded expectations” and revealed additional metals at its Zigzag lithium property in the Seymour-Falcon corridor, northwest Ontario.

EXPANSION

Last December’s inaugural drill comprised 10 diamond drill holes for under 500m.

Nine of the holes targeted the pegmatite with two ‘step-back’ holes and the tenth drilled as a scissor. FCM said that all targeted holes successfully intersected the pegmatite.

The company found “elevated grades” of several technology metals including gallium, rubidium, caesium and tantalum.

Assays include 4.3m @ 1.65% lithium including 1m at 2.93%; 5m @ 1.5% lithium including 0.2m @ 5.19% and 5.75m @ 0.21% rubidium; and 6.5m @ 1.09% lithium including 0.5m @ 2.76%.

Results also showed “significant upside for the expansion of the geochemical envelope” along strike in both directions and down dip.

The initial geochemical results also indicate the “probable” existence of a second structure.

The company, currently drafting an exploration permit for additional stripping and drilling, plans to extend strike and delineate the recently discovered southern structure on Zigzag.

FCM said that the drilling has vindicated previous channel sampling and extended the geochemical and geological knowledge of the structure hosting the pegmatite.

“The results from our first drill programme at Zigzag are first class and have not only confirmed our belief in the potential of the ‘core zone’, but have also significantly exceeded our expectations for the property,” added chief executive Marc J Sale.

“The associated critical metals identified have added another dimension to the property’s potential. 

“Obviously more work is required specifically along strike and further exploration of the southern structure, hence we are to initiate discussion regarding a new exploration permit.”