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IN BRIEF: First Class finds lithium and critical metal trend at Zigaz

Wed, 07th Feb 2024 13:55

First Class Metals PLC - Ontario, Canada-focused exploration company - Identifies a further lithium and critical metal trend at its Zigzag project following a mobile metal ion soil sampling programme.

Soil samples were collected along six north-north-west to south-south-east soil sample lines between 100-200m in length, it says. These included four lines along strike to the west and east of the main 400m 'core zone'. All soil samples were analysed using the MMI method, First Class Metals adds.

Chief Executive Officer Marc Sale says: "The results from this combined sampling programme validate the belief by FCM that the 'main zone'; is open along strike for a considerable distance. Furthermore, the strong evidence of a second structure to the south with the possibility of a third structure compels FCM to engage in discussions with the First Nations to initiate the application for an exploration permit to be able to fully evaluate these new zones".

Current stock price: 3.68 pence, up 0.8%

12-month change: down 70%

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Friday and Monday and not separately reported by Alliance News:

9 Apr 2024 14:14

First Class Metals enters negotiations with leading asset manager

(Alliance News) - First Class Metals PLC on Tuesday said a process which may see the company dispose of assets has begun.

3 Apr 2024 18:42

EARNINGS AND TRADING: Saint-Gobain buys Bailey Group; Kropz inks loan

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

21 Mar 2024 19:05

EARNINGS AND TRADING: Getech confident; Aukett Swanke makes buy

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

20 Mar 2024 17:12

First Class Metals wins grant to support investment at Canadian site

(Alliance News) - First Class Metals PLC on Wednesday announced that it had been awarded a grant from the Ontario Junior Exploration Programme.

19 Mar 2024 19:47

EARNINGS AND TRADING: Ten Lifestyle sees profit up but sales flat

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

29 Feb 2024 14:24

TRADING UPDATES: Itim revenue up 15%; Aminex completes seismic dataset

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

23 Feb 2024 08:59

TRADING UPDATES: Plant Health eyes Mexico Saori launch; NARF wins deal

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued this week and not separately reported by Alliance News:

2 Feb 2024 10:47

IN BRIEF: First Class Metals "encouraged" by Palladium One exploration

First Class Metals PLC - Ontario, Canada-focused exploration company - Hails findings from West Pickle Lake area in Ontario. Adds that drilling along the eastern margin of the West Pickle zone has targeted borehole electromagnetic anomalies, returning 1.8% of nickel and 1.0% of copper over 1.5 meters in hole TK23-134. Chief Executive Officer Marc Sale says: "I remain encouraged with the progress the Palladium One exploration is making in the WPL zone and the wider discovery area. Particularly the success near to the FCM claim boundary with the results from TK23-128. FCM will continue to pursue third party interest in this sector of North Hemlo."

1 Feb 2024 20:00

EARNINGS AND TRADING: Tandem FY sales down 17%; Hikma's opioid deal

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

18 Dec 2023 18:31

IN BRIEF: First Class Metals finds spodumene pegmatites at Zigzag site

First Class Metals PLC - Ontario, Canada-focused exploration company - Finds spodumene-bearing pegmatites have been intersected in every targeted hole drilled at its Zigzag lithium property. Says the identified mineralisation remains open along strike and down dip. Says spodumene-bearing pegmamtite intersected in all nine targeted holes drilled, with over 50 metres of pegmatite intersections recorded. Says multiple mineralised pegmatite zones were intersected in holes targeting 400 metres of the known 800 metres strike. Says pegmatite thickness exceeded five metres thick, down hole, and the potentially multiphase mineralised system remains open along strike and down dip and plunge. Says all holes are being systematically logged and marked up for sampling before cutting and sample collection.

6 Dec 2023 13:47

IN BRIEF: First Class Metals starts drilling at Zigzag prospect

First Class Metals PLC - Ontario, Canada-focused exploration company - Says drilling has begun on its Zigzag hard rock lithium prospect. Signs an early exploration agreement with Whitesand First Nation/ Chief Executive Officer Marc Sale says: "The signing of the EEA with Whitesand exemplifies the positive relationship FCM is building with the First Nations. This agreement has paved the way for FCM's inaugural drill program, marking an exciting milestone for our company. We are thrilled to begin drilling at Zigzag, making it the first property where FCM will undertake drilling. This demonstrates our commitment to advancing our exploration efforts and emphasizes our dedication to responsible resource development."

28 Nov 2023 17:18

TRADING UPDATES: First Class says Zigzag enthusiasm "vindicated"

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

27 Nov 2023 11:26

First Class Metals signs with Netmizaaggamig Nishnaabeg First Nation

(Alliance News) - First Class Metals PLC on Monday looked optimistically to further exploration in Canada, after signing an agreement with the Netmizaaggamig Nishnaabeg First Nation.

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IN BRIEF: First Class finds lithium and critical metal trend at Zigaz

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