Business
Ontario assets update
Ontario assets update.
About this update from Fulcrum Metals Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n \n \n 23 March 2023\n \n \n \n \n \n \n \n \n Fulcrum Metals plc\n \n \n \n (\"Fulcrum\" or the \"Company\" or the \"Group\")\n \n \n \n \n \n \n \n \n Ontario assets update\n \n \n \n \n \n \n \n \n \n Schreiber-Hemlo satellite study identifies multiple structural targets on Big Bear and Jackfish properties\n \n \n \n Fulcrum Metals plc (AIM:FMET), a company focused on mineral exploration and development in Canada , is pleased to announce the results of a regional structural study based on satellite data over the Big Bear and Jackfish properties that are part of the Group's Schreiber - Hemlo project.\n \n \n \n Highlights\n \n \n \n \n \n \n \n \n ·\n On 17 November 2022, the Company engaged Murphy Geological Services, an industry leader in satellite structural interpretation, to define the structural framework of the Big Bear and Jackfish properties and generate targets for gold exploration within the properties. The study produced by Murphy Geological Services\n has been finalised by the Company following the results of the Big Bear prospecting programme announced by the Company on 2 March 2023.\n \n \n \n \n \n ·\n The study has identified 42 priority exploration targets within the two properties, 24 targets within the Big Bear property and 18 in the Jackfish property, with 14 in total (9 on Big Bear and 5 on Jackfish) being ranked as high priority for follow-up.\n \n \n \n \n \n ·\n The targets are based on a number of criteria, including the presence of major shears, shear intersections, inflections and splays along shears, prominent aeromagnetic lineaments, proximity to sheared lithological contacts, presence of known mineral occurrences and anomalous values from soil and rock samples.\n \n \n \n \n \n ·\n Big Bear - Integration with the previous airborne magnetic survey shows a very good correlation between:\n \n \n ·\n The lineaments on the aeromagnetic data for the Big Bear property; and\n \n \n ·\n High priority 1 target BB10 (see figure 2) and the interpreted structure in the pyramid Schreiber area with several high-grade gold in rock samples of up to 45g/t (please refer to the Company's announcement on 2 March 2023).\n \n \n \n \n \n This will be further appraised for the Big Bear property when results of the additional planned ai...