First Class Metals plc has signed a three-year agreement with Whitesand First Nation for initial exploration on the Zigzag lithium project in the Seymour Lake area of northwest Ontario.
PARTNERSHIPS
The company has an earn-in agreement with Nuinsco Resources Ltd on the project which at the time had undergone no discussions with the First Nations.
The memorandum of understanding will see FCM collaborate with Whitesand on Zigzag and advance discussions to formalise an early exploration agreement.
FCM said it was committed to continue working closely with Whitesand throughout all stages of the project.
“The company believes that, by working with indigenous communities in Ontario, it can create long lasting and mutually beneficial partnerships that generate significant economic opportunities and contribute to the sustainable development of local communities.”
SAMPLING
Zigzag comprises six units and includes an 800m long and 20m thick mapped structure – the Tebishogeshik occurrence – which is open along strike and to depth.
“I am delighted that having now visited the property and seen a ‘snapshot’ of Zigzag’s potential I am pleased that the exploration of the Zigzag property will now commence in earnest,” added chief executive officer Marc Sale.
“More so that it is with the support of the Whitesand First Nation.
“We will shortly have a team on the ground prospecting in advance of a sawn channel sampling programme aimed at identifying sections of the pegmatite for a focused drill programme.
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