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Soil Sampling Confirms Gold Mineralisation at Esa
Soil Sampling Confirms Gold Mineralisation at Esa.
About this update from First Class Metals Plc
[{"type":"text","content":"\n\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\n4th May 2023\n2022 Soil Sampling Confirms Potential for Gold Mineralisation at Esa\n \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 holdings, is pleased to provide an update on geochemical results from soil sampling on the Esa property.\n \nHighlights:\n \n· Total of 478 soil samples were collected from 11 predominantly subparallel, north - south soil lines in 2022.\n· An intermittent 4km anomalous zone has been identified corresponding to the surface expression of the inferred shear.\n· Multiple 10-95 ppb gold (Au) and key pathfinder elements including molybdenum (Mo), antimony (Sb) and arsenic (As).\n· Anomalous trends identified by the soil sampling as well as the background magnetics highlighting NE structures intersecting the shear, including:\n· Hemlo look alike angular boulder identified, which reported 0.7ppm Au which is considered significant.\nMarc J Sale, First Class Metals CEO Commented:\n\"The results continue to build a picture of potential gold mineralisation associated with robust structures adding credence to the shear zone theory. We are very encouraged with the correlation between these results and the previously announced geophysical interpretation. Planned work will further aide delineation of priority targets along with the submission of an Exploration permit.\"\n \nEsa Property\n \nThe Esa property consists of 86 claims, covers ~20.6km², and is located approximately 11km northeast from the Barrick Hemlo gold mine, immedia...