Business
Schreiber-Hemlo Project - Update
Schreiber-Hemlo Project - Update.
About this update from Fulcrum Metals Plc
[{"type":"text","content":"\n \n \n \n The information contained within this announcement is deemed by the Company to constitute inside information pursuant to Article 7 of EU Regulation 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 as amended.\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 2 March 2023\n \n \n \n \n \n \n \n \n \n Fulcrum Metals plc\n \n \n \n \n \n \n (\"Fulcrum\" or the \"Company\" or the \"Group\")\n \n \n \n \n \n \n Schreiber-Hemlo Project - Update\n \n \n \n \n \n \n \n \n \n High grade gold samples and next steps\n \n \n \n \n \n \n \n \n Fulcrum Metals plc (LON: FMET), the Canadian focused multi-commodity explorer, is pleased to provide an update and results of a prospecting programme carried out at the Big Bear property, part of the wider Schreiber-Hemlo project area covering approximately 113km2, undertaken during the months of June 2022 and September 2022. The programme was undertaken by Bayside Geoscience, the Group's third-party exploration contractor. \n \n \n \n Highlights\n \n \n \n ·\n Programme centred around the Schreiber area covering 5 historic mineral occurrences and gold workings (Figure 1 below)\n \n \n \n \n \n ·\n A total of 45 rock samples were collected for assay, with results confirming prospectivity, including high-grade gold results:\n \n \n \n \n \n o \n Best values included 45g/t Au, 37.4g/t Au and 33.6g/t Au\n \n \n \n \n \n o \n 5 samples out\n of\n the 45 collected\n produced\n grades in\n excess\n of 10g/t Au and 9 samples in excess of 1g/t Au (Figures 2 and 3 below)\n \n \n \n \n \n \n \n \n · \n Successful detailed mapping of important shear zones with the potential for the discovery and development of an economic mineral deposit\n \n \n \n \n \n ·\n Initial structural observations between the Cook Lake and Pyramid Schreiber showings, and earlier soil sampling results from Panther Metals plc, have identified a potential regional-scale shear zone passing through this area on a single mineralised structural system. (Figure 4 below)\n \n \n \n \n \n ·\n Based on the geological and structural setting of the property, it may have potential to host a large, structurally controlled, stratabound-style banded iron formation (BIF) gold prospect similar to ...