First Class Metals plc’s existing loan has further increased from £500,000 to £700,000 for the North Hemlo and Sunbeam gold projects in Ontario, Canada. DRILLING The money from Seventy Ninth Group Ltd, which initially loaned £230,000 in June, adds to the investor’s proposed £2.18 million financing. Funds will be drawn in a single tranche and […]
Tag: Sunbeam gold property
FCM receives full grant payment for North Hemlo exploration
First Class Metals plc (FCM) has received full payment of its 2022-23 Ontario junior exploration grant (OJEP) for work carried out on its flagship North Hemlo property. DISCOVERY OJEP helps junior mining companies finance early stage exploration projects in Ontario. The payment of CA$140,000 of the maximum $200,000 grant to FCM is for the successful […]
FCM to take core of Sunbeam gold project
First Class Metals plc (FCM) expects to hold the ‘core’ Sunbeam mine area claims in Ontario as the company prepares for its 2023 exploration programme. SUNBEAM FCM acquired Sunbeam in early 2022 and was awarded exploration permits to allow drilling. The property includes the historic high-grade underground Sunbeam gold mine which operated from 1898 to […]