First Class Metals plc said it had identified a gold and molybdenum anomalous trend more than 3km long on its North Hemlo property in Ontario, Canada.
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The trend lies to the southeast of the historic Dead Otter Lake occurrence where sampling extended mineralisation to the southeast with assays including an “incredible” 19.6 g/t gold.
“The associated molybdenum as a key pathfinder is very positive, given the Mo associated at Hemlo, only 20km to the south on a similar structural trend,” said chief executive Marc J Sale.
Drilling at the nearby West Pickle Lake earn-in with Palladium One previously showed that the nickel-copper sulphide occurrence might extend east and west, the latter being on or close to the 100% owned FCM North Hemlo property.
FCM is currently collecting lake sediment samples and grab samples focusing on the north central sector before continuing to the south as well as on other properties.
During the coming year, FCM will focus on the Dead Otter Lake trend and potential subparallel structures, the West Pickle Lake extension on to 100% owned FCM area of North Hemlo, and the extension of the Dotted Lake / Fairservice structure.
The company will also look at other areas with potentially mineralised structures identified as well as complete the exploration permit process.