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First Class Metals Plc ( (GB:FCM) ) just unveiled an update.
First Class Metals PLC announced progress in its drilling program at the North Hemlo property in Ontario, Canada. The company completed nine drill holes across the Dead Otter trend, with drilling set to resume next week. The initial results are promising, with several intersections showing encouraging geological features. The North Hemlo Project is strategically located in the Hemlo Greenstone Belt, a region with a rich history of gold production. The recent sale of Barrick Gold’s Hemlo Mine to Hemlo Mining Corporation highlights the continued interest in the area’s exploration potential, positioning First Class Metals favorably within this renewed investment landscape.
More about First Class Metals Plc
First Class Metals PLC, listed on the LSE in July 2022, is a UK-based company focused on exploring economic metal deposits in Ontario, Canada. The company holds 100% ownership of seven claim blocks, with a focus on gold exploration, particularly in the Hemlo ‘camp’ known for its significant gold deposits. They also explore base and critical metals and maintain a joint venture on a high-grade Ni-Cu project.
Average Trading Volume: 1,301,140
Technical Sentiment Signal: Sell
Current Market Cap: £3.98M
For an in-depth examination of FCM stock, go to TipRanks’ Overview page.