First Class Metals PLC (“First Class Metals” “FCM” or the “Company”) the UK metals exploration company seeking large scale metal discoveries across its extensive Canadian Schreiber-Hemlo land holding is pleased to provide an update on activities in respect to the Esa claim block.
· Full coverage VTEM geophysical data set of the Esa property sourced free of cost from the previous claim holder.
· FCM has contracted Paterson Grant and Watson to interpret geophysical data over the Esa claim block.
· Ground reconnaissance – exploration- recommences on the Esa property.
The Esa property covers 20km² and is situated only 11km north of the Hemlo gold mine operated by Barrick Gold (>23m oz Au).
FCM has appointed Patterson Grant Watson Ltd (‘PGW’) ( https://www.pgw.ca/site/home ) to interpret the VTEM survey on the Esa block for which FCM received the raw data from the previous owners at no cost, saving the company a significant amount of time and money.
A strong geophysical response dissecting the property has been in part ground-truthed and supports the interpreted presence of a shear, (also identified on adjacent properties to the west, trending on to Esa). This inferred shear across the property has formed the focus of field work to date with over 150 rock and soil samples collected for gold and base metal analysis, results pending. Rock samples were identified as sheared sulphitic mafic rocks. It is worth noting that owing to ground cover, both forestation and Quaternary gravels, there is a paucity of exposure generally across the property.
Currently FCM has a field team collecting soil samples along the inferred surface expressions of the shear and thereafter the team will continue the systematic prospecting of the claim block.
FCM is confident that the reinterpretation of the geophysical data will enable the exploration effort to be more focussed along the interpreted ground trace of the shear.
Furthermore, in the south of the property is the inferred contact with the Cedar Lake pluton. Contact zones are often the focus on veining and therefore potentially associated mineralisation. The interpretation again, will allow this structural contact and potentially associated spurs to be identified and ground truthed / prospected.
Marc J. Sale CEO First Class Metals Said: “I am delighted that we have manged to acquire the raw data to a recent modern VTEM survey which incorporates the Esa property, from a previous claim owner at zero cost to FCM.
This data set has now been forwarded to Patterson Grant Watson Ltd (‘PGW’) who are a world-renown geophysical interpretation company. PGW integrates geophysical datasets with geology to provide compelling results that deliver both direct and indirect targeting.
The reinterpretation of the Esa VTEM data using modern techniques will allow us to speed up the process of exploration on the property and I eagerly await the results that this re-interpretation provides”
For further information, please contact:
First Class Metals PLC
James Knowles, Executive Chairman 07488 362641
Add Email adresses
Marc Sale, Chief Executive Officer 07711 093532
Ayub Bodi, Executive Director 07860 598086
First Equity Limited (Financial Adviser & Broker ) 020 7374 2212