Business
McKellar & Magical Exploration Update
McKellar & Magical Exploration Update.
About this update from First Class Metals Plc
[{"type":"text","content":"\n \n \n The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the \"UK MAR\") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n FIRST CLASS METALS PLC\n \n \n \n \n 2nd March 2023\n \n \n \n \n McKellar & Magical Exploration Update\n \n \n \n \n \n \n \n First Class Metals PLC (\"First Class Metals\" \"FCM\" or the \"Company\")\n \n the UK metals exploration company seeking large scale metal discoveries across its extensive Canadian Schreiber-Hemlo & Sunbeam land holding is pleased to provide an exploration update on the McKellar & Magical Properties.\n \n \n \n \n \n \n \n \n \n Highlights\n \n \n \n \n \n \n \n \n \n McKellar Property\n \n \n \n \n \n \n \n \n ·\n \n \"McKellar Trend\" - Volcanic Massive Sulphide (\"VMS\")\n \n conceptual trend supported, extending over 550m, open 'along strike' in both directions.\n \n \n ·\n Over 100 grab samples taken with highlights including 4.82% Zinc (Zn) 80 g/t Silver (Ag)\n \n \n ·\n Work programme further proves up conceptual VMS model and extension of historical high grade metal occurrences across the property.\n \n \n ·\n \n Eight contiguous claims\n \n have been staked, adjoining the southern boundary of the McKellar property.\n \n \n ·\n \n Proven potential for Rare Earth Elements (\"REE\"),\n \n further work planned.\n \n \n \n \n \n \n Marc J. Sale, CEO of First Class Metals commented:\n \n \n \n \n \n \n \n \n \"Further encouragement from the 2022 field season includes the initial exploration results at McKellar returning significant results on the historic trend rich in zinc and silver. The mineralisation remains open, further work being warranted. There are additional compelling targets on the property including the diatreme which will be followed up in the upcoming field season. The anomalous first pass results from the initial field programme at Magical have supported...