First Class Metals plc said it had made significant advancements in field activities and technical developments for its four projects in northern Ontario, Canada. PHOTON Field work is now complete at the Coco East property which has potential for precious and base metals. The company interpreted the geophysical anomaly in the northern sector as a […]
Tag: First Class Metals plc
FCM begins Coco East field work
First Class Metals plc has started field work on the gold-base metal Coco East property, comprising 30 single cell claims, 25km north of Terrace Bay town in northwest Ontario. FUNDS The 6.3km2 block lies on the eastern sector of the Big Duck Lake Porphyry which contains “a number of historic showings” on the Schreiber-Hemlo greenstone […]
FCM completes McKellar-Enable sale
First Class Metals plc has sold its McKellar gold-VMS and Enable gold-silver properties to the Seventy Ninth Group Ltd for a total £270,000 and agreed a £230,000 loan with the purchaser. OPPORTUNITIES The company said that Seventy Ninth Resources Ltd, which is preparing to list on the Toronto Stock Exchange Venture, continued to progress due […]
FCM signs Kerrs gold earn-in agreement
First Class Metals plc has signed the earn-in agreement for the Kerrs gold project in the Larder Lake mining division, northeastern Ontario. APPEALING The property, located in the Timmins mining camp, holds a historic resource estimate of 386,467 oz gold over 36 units across 665 hectares. FCM has begun a comprehensive historical data review with results […]
FCM in talks to sell certain Ontario assets
First Class Metals plc has started discussions on a possible sale of certain of its core and non-core properties in northern Ontario. VALUE Talks with Southport-based Seventy Ninth Resources Ltd, part of asset manager Seventy Ninth Group, aim to establish a commercial heads of terms. Seventy Ninth Resources has since 2011 focused on potential gold […]
FCM signs 30-day exclusive deal for Kerrs gold
First Class Metals plc has signed a 30-day exclusivity agreement for a 100% earn-in to the Kerrs gold property in the Larder Lake mining division, northeastern Ontario. STRATEGIC The company, currently finalising commercial terms with the Canadian vendor, said that the project held a “historic resource estimate of 386,467oz gold as per the NI-43-101 standard”. If the […]