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Visible Gold Intersected at Roy, Sunbeam
First Class Metals PLC has announced significant progress at its Roy prospect on the Sunbeam Property, with visible gold identified in drill core from a broad mineralised structure that has been traced over 250 metres and may extend beyond 350 metres. The ongoing 1,000-metre diamond drilling programme has consistently intersected this mineralised package, and the company's CEO anticipates potentially high gold grades, possibly around an ounce, based on the visible gold observation. Further assay results are expected shortly as the drilling programme nears completion. Disclaimer*
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\n12 March 2026\nVisible Gold Intersected at Roy, Sunbeam\n \nFirst Class Metals PLC (\"First Class Metals\", \"FCM\" or the \"Company\") the UK listed company focused on the discovery of economic metal deposits across its exploration properties in Ontario, Canada, is pleased to provide an update on the ongoing drilling programme at the Roy prospect on the Sunbeam Property, where drilling has intersected a broad mineralised structure and visible gold has now been identified within drill core.\nHighlights\n \n· Visible gold ('VG') has been observed in core from one of the drilled holes\n· Drilling is ongoing with all holes to date intersecting the (mineralised) 'package'\n· Currently the strike of the drilled structure is over 250m\n· Emerald Geological Services remain on site supervising all aspects of the drilling.\n· Drilling programme nearing completion with further results expected shortly\n \n \nMarc J. Sale CEO, First Class Metals, Commented:\n\"The drilling at Roy is progressing satisfactorily with all holes intersecting a sulphide bearing, potentially mineralised 'package' of deformed and quartz veined chloritic schist and altered tonalite. This package has a true width of several metres. The identification of visible gold is a huge uplift for the exploration team. This vindicates the enthusiasm demonstrated over the Roy prospect by FCM and EGS. In my experience, visible gold identifiable to the naked eye within drill core is often associated with potentially high gold grades, I would anticipate the assay being in the order of an ounce, depending on the length of core in that sample.\"\n \nRoy structure\nThe lineament that the Roy occurrence / development is located on is a district ...