When did First Class Metals PLC announce the North Hemlo drilling update, and what period does it cover?

First Class Metals PLC issued the announcement on 23 December 2025. It covers the maiden drilling programme completed on the North Hemlo Property, together with the status of core logging, sampling and assay dispatches at that date.

How many drill holes did First Class Metals PLC complete at North Hemlo?

First Class Metals PLC completed ten diamond drill holes over ~3km of strike along the Dead Otter trend. The company said the metres drilled exceeded the contractual minimum of 700m.

Which targets did First Class Metals PLC test during the North Hemlo drilling programme?

First Class Metals PLC targeted seven distinct geochemically anomalous zones across the Dead Otter trend. The targets included the previously reported 19.6 g/t high grade Au grab sample, the Dead Otter showing, the zone of the 2.3 gramme grab / stripping, other anomalous grab samples and soil geochemistry, and the interpreted granite contact.

What assay work has First Class Metals PLC completed at North Hemlo?

First Class Metals PLC said over three hundred core samples had been dispatched for assay, with approximately one hundred additional samples in transit. Core logging and sampling were ongoing, with the remaining approximately 100 samples anticipated to be dispatched prior to Christmas.

What geological features did First Class Metals PLC observe in the North Hemlo drill core?

First Class Metals PLC identified multiple visually prospective zones in every drill hole, including deformation, veining and sulphide mineralisation. The company also reported sheared mafic volcanics with quartz veining, altered porphyritic rocks, silicified and fractured granodiorite, and possible hanging wall structures, while noting that the geochemical relevance of the latter was uncertain at that stage.

What was the objective of First Class Metals PLC's maiden drilling programme at North Hemlo?

First Class Metals PLC said the initial scout programme was intended to confirm the presence and continuity of a mineralised system rather than define a resource. The company said assay results would ultimately determine the significance of the intersections.

What exploration model is First Class Metals PLC applying at the Dead Otter trend?

First Class Metals PLC's primary exploration model is shear-hosted orogenic gold mineralisation within the greenstone sequence. The company said the proximity of the trend to the Dotted Lake Pluton introduced additional geological complexity, so the technical team also tested the greenstone-granitoid contact.

Where is First Class Metals PLC's North Hemlo Project located?

The North Hemlo Project is situated within the Hemlo Greenstone Belt in Ontario, Canada. First Class Metals PLC said its Dead Otter trend lies contiguous with Hemlo Mining Corporation's regional exploration holdings.

What does First Class Metals PLC do and what properties does it hold?

First Class Metals PLC is a UK listed company focused on the discovery of economic metal deposits across exploration properties in Ontario, Canada. The company said it currently holds 100% ownership of seven claim blocks covering over 250km² in north west Ontario, with a further three blocks under option covering an additional 30km2.

Where do First Class Metals PLC shares trade?

First Class Metals PLC is listed on the LSE. The announcement refers to the company as FCM, but it does not identify a separate ticker symbol.

When does First Class Metals PLC expect the remaining North Hemlo samples to be dispatched?

First Class Metals PLC said the remaining approximately 100 samples were anticipated to be dispatched prior to Christmas. It also said assay turnaround times were difficult to estimate accurately because of the seasonal volume of samples being processed across the region and the Christmas-New Year period.

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First Class Metals completes maiden drilling programme at North Hemlo

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First Class Metals PLC

LSE:FCM
OTC:FCMXF

First Class Metals completes maiden drilling programme at North Hemlo

Published Tuesday, 23 December 2025, 07:00 AM

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At a glance

Company: First Class Metals PLC
Listings: LSE:FCM, OTC:FCMXF
Announcement type: Operational update
Published: Tuesday, 23 December 2025, 07:00 AM
Source announcement: investegate.co.uk

FAQSIR Generated from this announcement View original release below for safe harbor and regulatory notices

Announcement Summary

FIRST CLASS METALS PLC (FCM) announced completion of its maiden drilling programme at the North Hemlo Property.

Ten diamond drill holes were completed over ~3km of strike along the Dead Otter trend, exceeding the contractual minimum of 700m.
The program tested five target areas and seven distinct geochemically anomalous zones, including the previously reported 19.6 g/t Au grab sample.
Over three hundred core samples had been dispatched for assay, with approximately one hundred additional samples currently in transit from the initial scout program.
Multiple visually prospective zones were identified and sampled in every hole, including deformation, veining and sulfide mineralization consistent with the exploration model.
All holes had been logged and sampling was nearing completion; the company anticipated dispatching the remaining samples prior to Christmas.
Assay turnaround times were difficult to estimate accurately because of seasonal regional sample volumes and the Christmas-New Year period.

The company said the program was intended to confirm the presence and continuity of a mineralized system, not define a resource. It said assay results will ultimately determine the significance of the intersections.

Investor FAQs

First Class Metals PLC announced the successful completion of its maiden drilling programme at the North Hemlo Property in Ontario, Canada. The programme covered the Dead Otter trend and was intended to investigate multiple priority targets.

Source announcement

Company: First Class Metals PLC
Title: Progress Update on Drilling at North Hemlo
Published: Tuesday, 23 December 2025, 07:00 AM
Source site: investegate.co.uk

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