Panther Metals plc has received a three-year exploration permit for the North Limb, covering Dotted Lake, of the Schreiber-Hemlo greenstone belt in Ontario. FINANCING The company plans a comprehensive work programme on the “highly prospective” intrusive linked nickel-copper-cobalt and platinum group metal target in the northeast of Dotted Lake. The site lies approximately 16km north of […]
Tag: Ontario – Canada
FCM advances Ontario field-technical work
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 […]
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 […]
Fulcrum encouraged by tailings leaching results
Fulcrum Metals plc said it was encouraged by strong initial leaching results from phase 1 sampling and testing at the Teck-Hughes gold tailings project in Ontario, Canada. INNOVATIVE The programme used Extrakt Processing Solutions LLC’s non-toxic technology. Sampling was completed across six locations chosen to provide representative sampling across the tailings with 32 samples taken […]
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 directors loan 12m shares to raise £603,000
First Class Metals plc executive chairman and executive director have lent a total 11,990,665 ordinary shares to the company to raise £603,000 for the company via a placing. STOCK LENDING The ordinary shares each of £0.001 par value at a price of 6 pence per placing share represent a 16% discount to the mid-market closing price […]