First Class Metals PLC (“First Class Metals” “FCM” or the “Company”) the UK metals exploration company seeking large scale metal discoveries across its extensive Canadian Schreiber-Hemlo Sunbeam and Zigzag land holding is pleased to report that Palladium One continues to intersect potentially economic Ni-Cu mineralisation in and around the West Pickle Lake (“WPL”) Joint Venture area.
Highlights adapted from Palladium One release1
- In the West Pickle Lake area, chonolith / feeder dyke structures now extend over more than five kilometres of strike length.
- Drilling along the eastern margin of the West Pickle Zone targeted bore hole electromagnetic anomalies (“BHEM”) returned 1.8% Ni and 1.0% Cu over 1.5 metersin hole TK23-134 (Figure 1).
- A new nickel zone has been identified with intercepts returning up to 0.4% Ni and 0.2% Cu over 2.7 meters including 1.0% Ni and 0.4% Cu over 0.9 meters in hole TK23-128 in an area with soil anomalies as high as 0.15% Ni, 0.27% Cu and 86 parts per billion (“ppb”) Pd + Pt (Figure 1).
1Palladium One Drilling Confirms Mul | Palladium One Mining Inc. (palladiumoneinc.com)
Of significance are holes TK23-134, on the eastern extent of the WPL JV area and hole TK23-128, to the north-west of WPL and close to the 100% owned North Hemlo block of FCM.
Marc J. Sale CEO commented:
“I remain encouraged with the progress the Palladium One exploration is making in the WPL zone and the wider discovery area. Particularly the success near to the FCM claim boundary with the results from TK23-128.”
“FCM will continue to pursue third party interest in this sector of North Hemlo.”
Figure 1 extracted from Palladium One news release 01/02/24. Showing the position of drill hole TK23-134. In the JV area, as well as TK23-128 to the NW of WPL and close to the North Hemlo property boundary.
ENDS
For further information, please contact:
| James Knowles, Executive Chairman | JamesK@Firstclassmetalsplc.com | 07488 362641 |
| Marc J Sale, CEO | MarcS@Firstclassmetalsplc.com | 07711 093532 |
Novum Securities Limited
(Financial Adviser)
| David Coffman/ George Duxberry | www.novumsecurities.com | (0)20 7399 9400 |