First Class Metals Ltd (FCM) has expanded its flagship Hemlo North gold-base metal project and begun a key technical study in the Hemlo – Harte region of Ontario, Canada.
LISTING
The company staked a further 15 new mining cell claims contiguous to the existing project, expanding the asset by 3.7% to 86.62km2.
Other work at the site includes Telluris Consulting’s study of FCM’s projects to identify “potential structural trends” in areas of overburden, for more focused and efficient exploration.
First Class is also progressing its listing prospectus ahead of the targeted listing date in late Q4 2021.
Preparation of a technical competent persons report has started with site visits during August and September 2021 across North Hemlo, Esa, McKellar and Sugar Cube.
A pre-IPO fundraise of £400,000 will allow the company to accelerate its exploration and corporate objectives.
The explorer initially expanded its interests in the region with projects acquired from Power Metal Resources plc.