What is the Roy prospect and how does it fit into First Class Metals PLC's business?

Roy is a prospect on First Class Metals PLC's Sunbeam Property in Ontario, Canada. The company is focused on the discovery of economic metal deposits across its exploration properties in Ontario and currently holds 100% ownership of seven claim blocks covering over 250km² in northwest Ontario, with a further three blocks under option covering an additional 30km2.

What were the initial fire assay results from First Class Metals PLC's first four Roy drill holes?

The initial hole, which attempted to twin historic drill hole SP-11-12, contained ~2m @1.3g/t Au, while the second hole contained 1.1m @ 2.3g/t. Holes three and four each contained a metre at roughly 0.5g/t Au.

What high-grade gold result did First Class Metals PLC report from hole SUN-26-05?

First Class Metals PLC reported a provisional photon assay result of 0.3m @ 45g/t gold from hole SUN-26-05. The company said this hole contained the initial report of visible gold, and that the visible gold had a strong association with galena.

What did First Class Metals PLC report from hole SUN-26-06?

Hole SUN-26-06 contained two consecutive samples giving 0.6m @ 2.2g/t Au in the photon assay results. The company said this was the second reported dual occurrence of visible gold.

What is the status of First Class Metals PLC's assay results from Roy holes 05 and 06?

The fire assays for holes 05 and 06 had not yet been received when First Class Metals PLC made the announcement. The company said that, because of the coarse nature of the gold and the different assay methods, some discrepancy with the photon assays was expected.

How extensive is the mineralised structure identified by First Class Metals PLC at Roy?

First Class Metals PLC said all 12 holes intersected the targeted structure or potentially mineralised package, which is confirmed over a strike length exceeding 300m. The company also said the mineralised package remains open along strike to the northeast and southwest, while the drilling has demonstrated geological continuity over >250m of strike.

What other exploration evidence supports First Class Metals PLC's work at Roy?

First Class Metals PLC said a Very Low Frequency survey identified multiple conductors sub parallel to the Roy trend, while soil and lake-sediment sampling identified anomalous gold and lead along strike. The Roy structure has been traced towards a 111ppb lake sediment sample some 5km northeast of the Roy mine shaft, and a string of grab samples extends to the southwest, including a +1ppm sample 5 km along strike.

How does First Class Metals PLC describe the Roy geological structure?

First Class Metals PLC describes the Roy lineament as a district scale structure that hosts the Roy occurrence or development and historic shafts B43 and B45. The company said its initial LiDAR results showed the Roy lineament to be a very robust structure, and that work is ongoing to integrate VLF, LiDAR, geochemistry, local geology and structure.

What has First Class Metals PLC's CEO said about the Roy results?

Marc J. Sale, CEO of First Class Metals PLC, said the initial assay results had vindicated the company's belief that the Sunbeam property contains significant gold potential. He said drilling at Roy had tested only 1% of the known strike extent of the mineralised lineaments and that he felt confident the company could upgrade the Roy values and mirror this across the property as its understanding developed.

What exploration work does First Class Metals PLC plan to undertake next at Sunbeam?

First Class Metals PLC said the Roy VLF survey would be extended to the northeast to test further strike extensions, and that a VLF survey would commence at Pettigrew early May targeting a parallel mineralised structure. The company also said work would continue at Roy and that it intended to undertake work on the parallel lineament hosting the Pettigrew development.

What further results or updates does First Class Metals PLC expect to provide?

First Class Metals PLC said additional assay results were pending, with further updates to follow as results were received. Logging had been completed and drill-hole interpretation had started at the time of the announcement.

Where are First Class Metals PLC's shares listed?

First Class Metals PLC says it listed on the LSE in July 2022. The announcement does not provide a ticker symbol.

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First Class Metals reports provisional 0.3m at 45g/t gold from Roy drilling

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First Class Metals PLC

LSE:FCM
OTC:FCMXF

First Class Metals reports provisional 0.3m at 45g/t gold from Roy drilling

Published Thursday, 23 April 2026, 06:00 AM

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Plain English summaries when First Class Metals PLC announces news.

At a glance

Company: First Class Metals PLC
Listings: LSE:FCM, OTC:FCMXF
Announcement type: Exploration results
Published: Thursday, 23 April 2026, 06:00 AM
Source announcement: investegate.co.uk

Key figures
Measure	Figure
Gold	0.3m @ 45g/t gold
Strike length	a strike length exceeding 300m

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 initial drill results for holes 1-4 and provisional results for holes 5 and 6 at Roy, on Sunbeam.

Hole SUN-26-05 returned 0.3m at 45g/t gold in a photon assay, with visible gold reported in the core.
Hole 06 returned two consecutive samples giving 0.6m at 2.2g/t gold; fire assays for holes 05 and 06 remain pending.
Fire assays for holes 1-4 included ~2m at 1.3g/t gold, 1.1m at 2.3g/t, and one meter at roughly 0.5g/t in holes 3 and 4.
The company said drilling demonstrated continuity over >250m of strike; it later said the mineralized package exceeded 300m and remained open northeast and southwest.
The announcement reported that all 12 holes intersected the targeted structure or potentially mineralized package.
The company intends to extend the Roy VLF survey northeast, start a VLF survey at Pettigrew early May, and issue further updates as assays arrive.

The company also cited historic TerraX drilling at Pettigrew: 19.4 g/t Au over 0.63m and 15.17 g/t over 1.37m in hole 57751, with zones separated by 15m.

Investor FAQs

First Class Metals PLC announced initial drill results for holes 1-4 and provisional results for holes 5 and 6 from drilling at the Roy prospect on the Sunbeam Property in Ontario, Canada. The announcement included a 0.3m @ 45g/t gold result from hole SUN-26-05, where visible gold was observed.

Source announcement

Company: First Class Metals PLC
Title: Bonanza Gold Intercept at Roy, Sunbeam
Published: Thursday, 23 April 2026, 06:00 AM
Source site: investegate.co.uk

Read the source announcement on investegate.co.uk

FAQSIR's summary and investor FAQs are generated by AI from the text of this announcement alone, without information from other sources.

Figures, forecasts and other claims are the announcement's, not FAQSIR's. FAQSIR does not independently verify them.

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