First Class Metals PLC – Ontario’s Leading Exploration Company for Spodumene Pegmatites

2023-12-18 18:32:05

First Class Metals PLC – an exploration company focused on Ontario, Canada – discovers that spodumene pegmatites have been intersected in every targeted hole drilled on its Zigzag lithium property. It indicates that the identified mineralization remains open on axis and down dip. Spodumene-bearing pegmatite was intersected in all nine targeted boreholes, with over 50 meters of pegmatite intersections recorded. It indicates that multiple zones of mineralized pegmatite were intersected in holes targeting 400 meters of the known 800 meter zone. The thickness of the pegmatite exceeds five meters downhole, and the potentially multi-phase mineralized system remains open on-axis, down-dip and down-plunge. The company says all holes are routinely logged and marked for sampling prior to cutting and sample collection.

Marc Sale, Managing Director, said: “The completion of drilling at Zigzag solidified the commitment made to shareholders/investors that FCM would bring the properties to ‘ready to drill’ status and drill one this season. I am extremely pleased with the (visual) indications from the drill core and the solid intersections I have seen so far. I look forward to the first results. We are already planning the next stages of exploration.

Current share price: 5.98 pence, down 0.3%.

Change over 12 months: down 63%.

By Greg Rosenvinge, Alliance News Senior Reporter

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