First Class Metals plc has boosted its finances with a £520,000 fundraise and proposed cash sale of one of its properties in Northern Ontario, Canada. PROGRESS Chairman James Knowles said that the company had to act decisively following the withdrawal of the second stage investment from The Seventy Ninth Group, which is subject of Police […]
Tag: exploration campaign
Cora identifies gold-bearing structures at Sanankoro
Cora Gold Ltd has identified four primary and four secondary gold bearing structures of around a total 50km of “highly prospective terrain” following sampling at Sanankoro in southern Mali. TARGETS The company said it had outlined 20 new and existing greenfield exploration targets within the structures, which will be ranked in order of priority for […]
FCM begins lithium exploration and sampling at Zigzag
First Class Metals plc (FCM) has begun a systematic exploration and mapping campaign at the Zigzag lithium project in the Seymour Lake area of northwest Ontario. OUTCROPS The company is targeting known exposures of pegmatite-hosted lithium mineralisation, alongside conducting sawn channel sampling along strike intervals across the exposed pegmatite outcrop. A further thirty-nine grab samples […]
Power Metal begins first North Wind lithium exploration
Power Metal Resources plc has begun the first exploration on the 57.89km2 North Wind lithium project in northeast Ontario, Canada. DATASET Centred on a granitic intrusion cut by mapped dykes, North Wind is considered prospective for pegmatite-hosted lithium mineralisation. Lake sedmiment sample results showed “highly anomalous” concentrations of lithium, caesium and tantalum suggesting a “nearby mineralised source”. Crews […]