Business
North Hemlo Exploration Update
North Hemlo Exploration Update.
About this update from First Class Metals Plc
[{"type":"text","content":"\n\nThe 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 \nFIRST CLASS METALS PLC\n15th June 2023\nNorth Hemlo Exploration Update\n \nFirst Class Metals PLC (\"First Class Metals\" \"FCM\" or the \"Company\") the UK metals exploration company focused on the discovery of economic metal deposits across its extensive Canadian - northwest Ontario, land holding is pleased to provide an update on exploration activities.\n \nHighlights\n \n· Exploration currently in progress at North Hemlo, with a clear focus on drill preparation.\n· Visible gold has been observed in multiple grab samples from the Dead Otter Trend ('DOT') on North Hemlo.\n· Gold 'panned' from pulverised grabs taken from the DOT.\n· Exploration permit submitted to the Provincial authorities, reflecting our confidence in our exploration progress and our commitment to fulfilling all necessary regulatory requirements.\n· Drill contract under negotiation, with site visit undertaken by a drilling operator to review logistics and access for a diamond drilling rig.\n \nMarc J. Sale CEO First Class Metals Commented:\n\"The confirmation of (visible) gold underlines our increasing confidence in the potential of the Dead Otter Trend. This is a very significant milestone for FCM, as is the submittal of the Exploration Permit after extensive but positive and on going discussions with the First Nations. We intend to drill as soon as all the factors allow\".\n \n \nNorth Hemlo Exploration Progress:\nA field team, working from Manitouwadge, is focussed on the Dead Otter Trend. Initially, exploration is focussed around the historic showing which reported 3.1 g/t Gold (Au) and 0.59% Molybdenum (Mo). Over 100 samples have now be...