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Zigzag exploration update – drilling commences
Zigzag exploration update – drilling commences.
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\n6th December 2023\nZigzag exploration update - drilling commences\n \nFirst Class Metals PLC (\"First Class Metals\" \"FCM\" or the \"Company\") the UK listed metals exploration company seeking economic metal discoveries across its extensive Canadian Schreiber-Hemlo, Sunbeam and Zigzag land holdings is pleased to announce a that drilling has commenced on the Zigzag property which is currently focussed on the lithium (Li), tantalum (Ta) rubidium (Rb) and gallium (Ga) potential.\n \nHighlights:\n \n· An Early Exploration Agreement (EEA) has been signed with Whitesand First Nation (WFN).\n \n· A contract to undertake up to 500m of drilling has been signed with Rodren Drilling a Whitesand FN approved 'service provider'.\n \n· Channel sample results identify a >1% Li2O zone on the western portion of the 'core' 400m zone. Significant number of channel samples returned >1% Li2O, including:\nChannel 7 2.36% lithium (Li2O) over 5.5m\n· Drill operations have commenced on the Company's Zigzag hard rock lithium (Ta/ Rb/ Ga) prospect.\n \nMarc J. Sale First Class Metals CEO commented:\n\"The signing of the EEA with Whitesand exemplifies the positive relationship FCM is building with the First Nations. This agreement has paved the way for FCM's inaugural drill program, marking an exciting milestone for our company. We are thrilled to begin drilling at Zigzag, making it the first property where FCM will undertake drilling. This demonstrates our commitment to advancing our exploration efforts and emphasizes our dedication to responsible resource development.\"\n \n\nFigure 1 show...