First Class Metals Commences Drilling at North Hemlo Property

First Class Metals Plc ( (GB:FCM) ) has issued an update.

First Class Metals PLC has commenced drilling at its North Hemlo property in Ontario, Canada, following the recent acquisition of funding through a convertible loan note. The drilling program targets the Dead Otter trend, with a focus on the ’19 grammer’ area, and involves a minimum of 700 meters of NQ diamond core drilling. This initiative marks a significant step in the company’s exploration efforts, potentially enhancing the value of the North Hemlo block and providing new exploration targets for future fieldwork. The company is also interpreting data from a very low frequency survey, which could further bolster exploration opportunities across its properties.

More about First Class Metals Plc

First Class Metals PLC is a UK-listed company focusing on the exploration and discovery of economic metal deposits in Ontario, Canada. The company holds 100% ownership of several claim blocks in northwestern Ontario, with a focus on gold exploration, and also has interests in base and critical metals. Their flagship properties include North Hemlo and Sunbeam, with significant gold discoveries, and they maintain a joint venture on the West Pickle Lake Property, a high-grade Ni-Cu project.

Average Trading Volume: 1,314,587

Technical Sentiment Signal: Sell

Current Market Cap: £3.86M

For a thorough assessment of FCM stock, go to TipRanks’ Stock Analysis page.