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 […]
Tag: Ontario – Canada
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 […]
FCM granted exploration permits for North Hemlo-Esa
First Class Metals plc (FCM) has been granted two exploration permits for the company’s North Hemlo and Esa polymetallic properties in the Hemlo area of northwest Ontario. DRILL LOCATIONS The company said it was on target to bring four of its properties to drill-ready status, with the possible exception of Esa, and to drill one […]
FCM starts 2023 exploration in Ontario
First Class Metals plc reported progress in exploration activities for its 2023 field season at five of its metals projects in northwest Ontario, Canada. SAMPLING In Zigzag, the company conducted an initial reconnaissance trip under cover of snow to appraise access, returning lithium grades of up to 1.00% and tantalum (Ta) up to 198 ppm. A […]