First Class Metals plc has completed its 80% earn-in to the Zigzag lithium-rubidium-gallium-tantalum project in northwestern Ontario, Canada. STRATEGIC The March 2023 option agreement with Nuinsco Resources Ltd will create a 80-20% joint venture between the two companies. The company’s work to secure the controlling share of the project included cash, share and exploration expenditure […]
Tag: tantalum
First Class issues shares to secure ZigZag lithium
First Class Metals plc has made the final shares payment, under an option agreement with Nuinsco Resources Ltd, towards a controlling interest in the Zigzag lithium property in Ontario, Canada. PEGMATITE The exploration project is also considered prospective for “a suite of critical metals including rubidium, gallium and tantalum”. First Class will issue 2,277,816 new […]
FCM drill results show additional metals at Zigzag
First Class Metals plc drilling results “exceeded expectations” and revealed additional metals at its Zigzag lithium property in the Seymour-Falcon corridor, northwest Ontario. EXPANSION Last December’s inaugural drill comprised 10 diamond drill holes for under 500m. Nine of the holes targeted the pegmatite with two ‘step-back’ holes and the tenth drilled as a scissor. FCM […]
FCM begins inaugural 500m drilling at Zigzag
First Class Metals plc (FCM) yesterday began an inaugural 500m drilling programme on the lithium, tantalum, rubidium and gallium Zigzag property in northwest Ontario. CENTRAL Following FCM’s early exploration agreement with Whitesand First Nation (WFN), Rodren Drilling, a WFN approved service provider, is the operator. Seven drillholes are initially planned over 50m with the provision […]
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 […]
FCM signs earn-in for Zigzag lithium project
First Class Metals plc (FCM) has signed an earn-in agreement with Nuinsco Resources Ltd for a new lithium project in northwest Ontario, Canada. STRATEGIC The deal, first announced in December 2022, is for Zigzag which lies less than 100km from Armstrong in the Seymour Lake area close to current and future planned key infrastructure. The […]