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

First Class Metals PLC completed the planned Roy drilling programme with 12 holes drilled. The programme produced a total of 1,030m against a contractual minimum of 1,000m.

What did First Class Metals PLC say the Roy drilling confirmed about the mineralised structure?

First Class Metals PLC said the drilling confirmed the targeted structure, or potentially mineralised package, over a strike length exceeding 300m. The company described the package as altered, variously quartz-veined tonalite on the margins of deformed chloritic schist containing or alternating with quartz veins and veinlets.

Where was visible gold found in First Class Metals PLC's Roy drill core?

Visible gold was found in two separate locations in core from drill hole SUN-26-06. The company said the gold grains were scattered through a small area of a quartz vein and were associated with galena, with a second occurrence located less than a metre from the initial observation.

Does visible gold at First Class Metals PLC's Roy prospect confirm economic gold grades?

No, visible gold does not necessarily indicate economic grades. First Class Metals PLC's glossary describes it as gold that can be seen with the naked eye in drill core or rock samples and says it is considered a positive indicator in gold exploration.

What assay work is still outstanding at First Class Metals PLC's Roy prospect?

Detailed geological logging and sampling remain ongoing at Roy. Logging has been completed for 6 holes, 8 drill holes remain to be cut and sampled, and holes 1-2 have been dispatched to the laboratory in Thunder Bay for assaying.

What did First Class Metals PLC's CEO say about the Roy drilling results?

CEO Marc J. Sale said the drill programme had been a “resounding success” and that the second occurrence of visible gold in two sections of core was “incredibly encouraging”. He said this furthered the credibility of the Sunbeam property as a whole, while the company continues logging and sampling the remaining core.

What is the Roy structure at First Class Metals PLC's Sunbeam Property?

First Class Metals PLC said the Roy occurrence is located on a district-scale lineament that has been traced through historic work and Emerald Geological Services prospecting towards a 111ppb lake sediment sample some 5km northeast along strike of the mine shaft. The structure also hosts historic shafts B43 and B45.

What happened to drill hole 26-01 at First Class Metals PLC's Roy prospect?

Drill hole 26-01 was abandoned at 26m. It is included in the company's figure showing the locations of the 12 Roy drill holes.

What does First Class Metals PLC do?

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 focuses on gold exploration while also holding base metals and critical metals mineralisation.

Where does First Class Metals PLC's stock trade?

First Class Metals PLC listed on the LSE in July 2022. The source refers to the company as First Class Metals PLC, FCM and the Company, but does not provide a separate ticker symbol.

How large is First Class Metals PLC's exploration portfolio in Ontario?

First Class Metals PLC said it holds 100% ownership of seven claim blocks covering over 250km² in northwest Ontario. A further three blocks are under option and cover an additional 30km2.

What will happen next at First Class Metals PLC's Roy prospect?

The Emerald Geological Services team will continue to log and sample the remaining six holes and look for further instances of visible gold. The company said holes 1-2 had been sent to the Thunder Bay laboratory for assaying.

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First Class Metals reports additional visible gold at Roy prospect

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First Class Metals PLC

LSE:FCM
OTC:FCMXF

First Class Metals reports additional visible gold at Roy prospect

Published Tuesday, 17 March 2026, 09:34 AM

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At a glance

Company: First Class Metals PLC
Listings: LSE:FCM, OTC:FCMXF
Announcement type: Exploration results
Published: Tuesday, 17 March 2026, 09:34 AM
Source announcement: investegate.co.uk

Key figures
Measure	Figure
Holes drilled	12 holes

Figures are quoted from this announcement and selected automatically.

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

Announcement Summary

FIRST CLASS METALS PLC (FCM) reported further visible gold in drilling at Roy on the Sunbeam Property.

Visible gold, meaning gold seen with the naked eye, was observed in two sections of core from a second Roy drill hole; it does not necessarily indicate economic grades.
The planned 1,000m minimum program is complete, with 12 holes drilled at Roy for a total of 1,030m; the contractual minimum was exceeded.
All holes intersected the targeted structure or potentially mineralised package, now confirmed over a strike extent exceeding 300m.
The EGS team will continue detailed geological logging and sampling; logging is complete for 6 holes, while eight remain to be cut and sampled.
Holes 1-2 have been dispatched to the laboratory in Thunder Bay for assaying.
Hole 26-01 was abandoned at 26m, according to the drilling figure.

Core from drill hole SUN-26-06 contained quartz veins associated with galena, a lead sulphide mineral. The Roy lineament has been traced toward a 111ppb lake sediment sample some 5km northeast of the mine shaft and also hosts historic shafts B43 and B45.

Investor FAQs

First Class Metals PLC announced that further visible gold had been identified in core from drilling at the Roy prospect on the Sunbeam Property in Ontario, Canada. The company said visible gold was observed in two separate sections of core from a second drill hole.

Source announcement

Company: First Class Metals PLC
Title: Additional Visible Gold at Roy, Sunbeam
Published: Tuesday, 17 March 2026, 09:34 AM
Source site: investegate.co.uk

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