First Class Metals plc has more than doubled its loan for exploration in northern Ontario from the Seventy Ninth Group. KERRS The new loan agreement increases the original figure from £230,000 to £500,000 and will be drawn in a single tranche, repayable on 25 May 2025 at 15% interest. Seventy Ninth, which previously purchased McKellar […]
Tag: Kerrs gold – Larder Lake – northeast Ontario
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 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 […]