First Class Metals plc has signed the earn-in agreement for the Kerrs gold project in the Larder Lake mining division, northeastern Ontario. APPEALING The property, located in the Timmins mining camp, holds a historic resource estimate of 386,467 oz gold over 36 units across 665 hectares. FCM has begun a comprehensive historical data review with results […]
Tag: First Class Metals plc
FCM in talks to sell certain Ontario assets
First Class Metals plc has started discussions on a possible sale of certain of its core and non-core properties in northern Ontario. VALUE Talks with Southport-based Seventy Ninth Resources Ltd, part of asset manager Seventy Ninth Group, aim to establish a commercial heads of terms. Seventy Ninth Resources has since 2011 focused on potential gold […]
FCM signs 30-day exclusive deal for Kerrs gold
First Class Metals plc has signed a 30-day exclusivity agreement for a 100% earn-in to the Kerrs gold property in the Larder Lake mining division, northeastern Ontario. STRATEGIC The company, currently finalising commercial terms with the Canadian vendor, said that the project held a “historic resource estimate of 386,467oz gold as per the NI-43-101 standard”. If the […]
FCM grows portfolio with Quinlan lithium earn-in
First Class Metals plc has grown its portfolio with a 100% earn-in agreement of the Quinlan lithium property comprising 98 claims in NW Ontario. FAVOURED The cash-shares deal with Broken Rock Resources Ltd involves “low execution costs” and a commitment to year one field work. FCM has staked 50 claims and has an option over […]
FCM awarded C$200,000 for Zigzag exploration
First Class Metals plc has been approved a maximum C$200,000 grant for work completed on the polymetallic Zigzag property in northwest Ontario. PIVOTAL The award from the Ontario junior exploration programme (OJEP) is the company’s second following the North Hemlo grant in March 2023. The money covers up to a maximum of 50% of exploration […]
FCM signs potential 40% earn-in for McInnes Lake
First Class Metals plc has signed an exclusive 60-day agreement to finalise a potential 40% earn-in on the McInnes Lake gold property in northwest Ontario. GREENFIELD The company paid CA$5,000 to Emerald Geological Services Ltd to complete negotiations within the period. The figure will be deducted from FCM’s year one work programme expected to cost […]