First Class Metals plc (FCM) has begun a systematic exploration and mapping campaign at the Zigzag lithium project in the Seymour Lake area of northwest Ontario. OUTCROPS The company is targeting known exposures of pegmatite-hosted lithium mineralisation, alongside conducting sawn channel sampling along strike intervals across the exposed pegmatite outcrop. A further thirty-nine grab samples […]
Tag: First Class Metals plc
FCM partner acquires 80% of West Pickle Lake
First Class Metals plc’s partner has acquired an 80% interest in and become operator of the West Pickle Lake nickel-copper project in Ontario. EXTENSIVE Palladium One Inc. completed its earn-in over two years of a possible three-year period and will now create a formal joint venture agreement for the 33 single cell mining claims. The […]
FCM signs exploration deal for Zigzag lithium
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. […]
FCM signs up to 80% earn-in for Pickle Lake
First Class Metals plc has signed an earn-in for up to 80% with OnGold Investment Corp for the Pickle Lake property in McGill township, Ontario. EXPLORATION The property, of 163 single cell mining claims over 3,455ha, lies north of FCM’s West Pickle Lake nickel-copper discovery and contiguous to its North Hemlo property and Palladium One’s […]
FCM raises £1m via discounted subscription and warrant exercise
First Class Metals plc has received more than £1 million from an oversubscribed discounted fundraise and a warrant exercise. PLACING & SUBSCRIPTION The company placed 9,599,000 ordinary shares and held a subscription of 375,000 ordinary shares, each of £0.001 par value, at a price of 10 pence per share. Every two placing and subscription share […]
FCM pans gold from Dead Otter trend
First Class Metals plc (FCM) has observed and panned gold from grab samples on the Dead Otter trend at North Hemlo in northwest Ontario, Canada. CONFIDENCE The company added that a number of gold flecks were seen in the ‘tail’ in the panning dish. “This is significant in not only proving the presence of gold […]