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First Class Metals PLC
- LSE:FCM
- OTC:FCMXF
First Class Metals says North Hemlo drilling will resume next week
Published
At a glance
- Company
- First Class Metals PLC
- Listings
- LSE:FCM, OTC:FCMXF
- Announcement type
- Operational update
- Published
- Source announcement
- investegate.co.uk
| Measure | Figure |
|---|---|
| Core samples dispatched | Approximately 200 core samples |
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) announced a progress update on drilling at the North Hemlo Property.
- Nine drillholes have been completed across the Dead Otter trend, with four priority target areas tested along its 3.5 km length in the maiden program.
- Approximately 200 core samples have been dispatched to the Thunder Bay laboratory for assay analysis. The company said assays will ultimately determine the significance of the intervals.
- Drilling is currently paused, and the company says it will recommence next week to complete the planned program before the Christmas break.
- The drilling contract minimum of 700m drilling will be surpassed at completion of the program.
- Assay turnaround times are difficult to estimate accurately because seasonal sample volumes processed across the region coincide with the Christmas-New Year period.
- Emerald Geological Services oversees drill-site operations, and the company described several logged intersections as visually encouraging.
Initial holes targeted the 19.6 g/t high grade Au grab sample; two additional holes tested an area including the 2.3 g/t Au sample and interpreted granite contact.
Investor FAQs
First Class Metals PLC announced on 10 December 2025 that drilling at its North Hemlo property, which was paused at the time, would recommence next week. The company said nine drillholes had been completed across the Dead Otter trend and that approximately 200 core samples had been sent to the Thunder Bay laboratory for assay analysis.
First Class Metals PLC announced the update on 10 December 2025. It covers progress on the maiden drilling programme at the North Hemlo property up to that date, including work completed and the planned resumption of drilling next week.
First Class Metals PLC said it had completed nine drillholes across the Dead Otter trend. The holes tested four priority target areas along the 3.5 km trend.
First Class Metals PLC said the initial drillholes targeted the location of a previously reported 19.6 g/t high-grade Au grab sample and zones of pronounced structural deformation identified through mapping. A second target area, including the site of the 2.3 g/t Au sample and the interpreted granite contact, was also tested with two additional holes.
First Class Metals PLC said approximately 200 core samples had been dispatched to the Thunder Bay laboratory for assay analysis. The company said assay turnaround times were difficult to estimate accurately because of seasonal sample volumes in the region and the Christmas-New Year period.
First Class Metals PLC said several logged intersections showed visually encouraging geological features consistent with its exploration model. The company added that assays would ultimately determine the significance of these intervals, while the observed features included deformed structures, contacts, clasts, veining and sulphide mineralisation.
Marc J. Sale said the maiden drill programme on the Dead Otter trend had been technically and logistically successful despite inclement and challenging weather conditions. He said early indications from the core were encouraging, but that assays would determine the significance of the intervals and that the company expected the first assay results in the New Year.
First Class Metals PLC said drilling would recommence next week to complete the planned programme. Marc J. Sale said the company looked forward to completing the balance of the programme before the Christmas break.
First Class Metals PLC said the drilling contract minimum of 700m would be surpassed when the programme was completed. The company did not state the final drilling amount.
First Class Metals PLC's North Hemlo Project is situated within the Hemlo Greenstone Belt in Ontario, Canada. The company said its Dead Otter trend lies contiguous with Hemlo Mining Corporation's regional exploration holdings.
First Class Metals PLC is a UK listed company focused on the discovery of economic metal deposits across exploration properties in Ontario, Canada. It said it 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.
First Class Metals PLC listed on the LSE in July 2022. The announcement identifies the company as UK listed but does not provide a separate ticker symbol.
First Class Metals PLC said it takes its ESG responsibilities seriously and expects contracted personnel to share that approach. It said Rugged Aviation and Emerald Geological Services were working to ensure that drill sites were left in an environmentally responsible state as far as feasible.
First Class Metals PLC said drilling would recommence next week, with the planned programme expected to be completed before the Christmas break. Marc J. Sale said the company looked forward to receiving the first assay results in the New Year, while the company cautioned that assay turnaround times were difficult to estimate accurately.
Source announcement
- Company
- First Class Metals PLC
- Title
- Progress Update on Drilling at North Hemlo
- Published
- Source site
- investegate.co.uk
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