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: Zigzag claims – NW Ontario – Canada
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 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 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 results show possible new structures at Zigzag
First Class Metals plc (FCM) said that soil sampling and rock-grab results showed possible new structures at its Zigzag property in northwest Ontario. STRUCTURES Taken last year, the 68 soil samples from lines to the east west of the core section, showed anomalous lithium ratios. The company said that results from soil lines 200m to […]
FCM drilling shows ‘robust’ intersects at Zigzag
First Class Metals plc (FCM) intersected spodumene-bearing pegmatites in nine targeted holes drilled at the Zigzag lithium property in the Seymour-Falcon corridor, northwestern Ontario. SAMPLING The company recorded more than 50 metres of pegmatite, exceeding 5m in thickness, and mineralisation remaining open along strike and down dip. Multiple mineralised pegmatite zones were intersected in holes […]