First Class Metals plc (FCM)’s partner has acquired an 80% interest in and become operator of the West Pickle Lake nickel-copper project in Ontario.
EXTENSIVE
Palladium One Inc. completed its earn-in over two years of a possible three-year period and will now create a formal joint venture agreement for the 33 single cell mining claims.
The Canadian company today reported results of “several highly anomalous nickel, copper, and cobalt soil anomalies potentially linking the West Pickle and RJ zones, which are 2.5 kilometres apart”.
The RJ zone lies immediately south of the West Pickle Lake zone.
“With a robust field programme in progress, we share their enthusiasm for the newly identified extensive anomalous nickel-copper zone,” added FCM chief executive officer Marc Sale.
“Furthermore, FCM is actively exploring the contiguous 100% owned areas for similar potential and this will include the OnGold area to the north.”
In July 2023, OnGold Investment Corp signed an 80% earn-in on 163 single cell mining claims over 3,455ha at Pickle Lake which lies north of West Pickle Lake.