Business
‘Pickle Lake Property’Earn-In
‘Pickle Lake Property’Earn-In.
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 \nFIRST CLASS METALS PLC\n11th July 2023\n'Pickle Lake Property'Earn-In\n \nFirst Class Metals PLC (\"First Class Metals\" \"FCM\" or the \"Company\") the UK metals exploration company seeking large scale metal discoveries across its extensive Canadian Schreiber-Hemlo & Sunbeam land holding is pleased to announce that it has signed an agreement with OnGold Investment Corp (\"OnGold\") in respect to the Pickle Lake Property, McGill Township in Ontario.\n Highlights:\n· The property consists of 163 single cell mining claims, comprising 3,455ha (hectares). Contiguous to both First Class Metals' North Hemlo Property and Palladium One's (TSXV:PDM) Tyko Project.\n· The West Pickle Lake Nickel (Ni) Copper (Cu) discovery, with grades of up to 10.4% Ni & 3.4% Cu over 2.3m is situated immediately south of the Pickle Lake Property. See FCM news release 29th November 2022 polaris.brighterir.com/public/first_class_metals/news/rns/story/xz0603r\n· Eleven high priority targets defined on the property from previous operators work program.\n· Winter Lake Sediment sampling by FCM across the area as part of the due diligence process returned gold grades of up to 103ppb gold (Au) which is deemed to be extremely high for the wider area.\n· FCM's footprint in the area is now substantially increased, in a district that holds numerous high grade nickel copper sulphide discoveries in the near locality.\n\n Figure 1-Regional location map showing the 'Pickle Lake' Property to the North and east of FCM's 100% owned North Hemlo Property.\nThe project is located roughly 21kms southeast from the town of Manitouw...