First Class Metals plc has grown its portfolio with a 100% earn-in agreement of the Quinlan lithium property comprising 98 claims in NW Ontario. FAVOURED The cash-shares deal with Broken Rock Resources Ltd involves “low execution costs” and a commitment to year one field work. FCM has staked 50 claims and has an option over […]
Tag: lithium
Clontarf raises £400,000 via placing
Clontarf Energy plc has raised £400,000 before expenses via a placing of 1,142,857,143 new ordinary shares of 0.01p each in the company at a price of 0.035p per placing share. The placing shares represent approximately 18% of the company’s issued share capital as enlarged by the placing. Following admission, Clontarf will have a total of […]
FCM drill results show additional metals at Zigzag
First Class Metals plc drilling results “exceeded expectations” and revealed additional metals at its Zigzag lithium property in the Seymour-Falcon corridor, northwest Ontario. EXPANSION Last December’s inaugural drill comprised 10 diamond drill holes for under 500m. Nine of the holes targeted the pegmatite with two ‘step-back’ holes and the tenth drilled as a scissor. FCM […]
Cornish Tin raises £2m via placing-crowdfunding
Cornish Tin Ltd ended last year with a total £2,080,000 million raised via a private placing by its shareholders and crowdfunding. EXPLORATION Funds will be used for working capital and to progress phase II drilling, started on 15 February 2024, after receiving permission on 9 January from Cornwall Council. Contractor Priority Drilling UK Ltd is […]
Arkle sampling identifies polymetal targets at Aughrim
Arkle Resources plc identified several targets of interest with anomalous polymetallic discoveries from prospecting on its Aughrim block in County Wicklow. PROMISING The four licences comprise a 152.01km2 extension of the company’s Mine River gold project on the border with County Wexford. Today’s published findings are from samples taken in November 2023 from priority targets. […]
FCM drilling shows ‘robust’ intersects at Zigzag
First Class Metals plc (FCM) intersected spodumene-bearing pegmatites in nine targeted holes drilled at the Zigzag lithium property in the Seymour-Falcon corridor, northwestern Ontario. SAMPLING The company recorded more than 50 metres of pegmatite, exceeding 5m in thickness, and mineralisation remaining open along strike and down dip. Multiple mineralised pegmatite zones were intersected in holes […]