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West Pickle Lake (Pezim II)Joint Venture Confirmed
West Pickle Lake (Pezim II)Joint Venture Confirmed.
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\n22nd August 2023\nWest Pickle Lake (Pezim II) Joint Venture Confirmed\nFirst Class Metals PLC (\"First Class Metals\" \"FCM\" or the \"Company\") the UK metals exploration company seeking economic metal discoveries across its extensive Canadian Schreiber-Hemlo, Sunbeam and Zigzag land holdings is pleased to announce that Palladium One Inc. (TSXV: PDM) (\"Palladium One\") has completed the requirements of the earn in rights to gain an 80% interest in the West Pickle Lake Project (\"West Pickle Lake Project\" or the \"Project\"). A joint venture will now be instituted with Palladium One continuing to be the operator.\nHighlights\n· Earn-in rights now completed by Palladium One which will now lead to the formal creation of a Joint Venture Agreement (\"JV\").\n· The West Pickle Lake Project returned very high levels of nickel/copper sulphide drill intercepts during the 2022/23 Palladium One operated drilling campaign, including:10.4% Nickel, 3.4% Copper over 2.3m (TK-22-070) & 10.3% Nickel, 2.9% Copper over 1.8m (TK-22-073)\n \n\nFigure 1. The West pickle Lake Project area (formerly knowns as Pezim II), and described by Palladium One as the 'West Pickle Zone' discovery (outlined in yellow), includes the high-grade nickel-copper sulphide within the wider Palladium One 'Tyko' project area extending to the east.\nMarc Sale CEO Commented:\n\"The obvious merit of the exploration potential of the Pezim II block and environs has been validated by Palladium One exercising their right to enact the JV. With a robust field programme in progress, we share their enthusiasm for the newly identified extensive anomalous nickel-copper zone. Furthermore, FCM is actively exploring the contiguous 1...