First Class Metals PLC has issued a new update on its North Hemlo drilling campaign, confirming that work will resume next week following a brief pause.
To date, the company has completed nine drillholes along the Dead Otter trend, testing four priority targets across a 3.5 km corridor. Around 200 core samples have been dispatched for assay, with several logged intersections displaying visually encouraging geological features that support the decision to continue drilling.
First Class Metals also highlighted the strategic significance of the North Hemlo Project’s location within the Hemlo Greenstone Belt — an area that has attracted renewed industry attention, including a recent Barrick Gold transaction valued at up to US$1.09 billion.
Highlights
· Nine drillholes completed across the Dead Otter trend, marking strong progress in the Company’s maiden programme on this property.
· Four priority target areas tested along the 3.5 km trend, providing early geological coverage across multiple prospective zones.
· Approximately 200 core samples dispatched to the Thunder Bay laboratory for assay analysis.
· Drilling to recommence next week to complete the planned programme
· Several logged intersections exhibit visually encouraging geological features, consistent with the Company’s exploration model and supporting the decision to advance drilling. A video of a representative cut core section displaying multiple deformed structures, contact, clasts veining and sulphide mineralisation is available via the link below.
https://firstclassmetalsplc.com/link/yOO9ky
Marc J. Sale CEO First Class Metals commented:
“To date, the maiden drill programme on the Dead Otter trend has been both technically and logistically successful, particularly given the inclement as well as challenging weather conditions. The Emerald Geological Services team has executed the plan efficiently, and early indications from the core are encouraging.
While assays will ultimately determine the significance of these intervals, the geological features observed to date reinforce our confidence in the Dead Otter trend as a compelling gold target within the North Hemlo Project. We look forward to receiving the first assay results in the New Year and to completing the balance of the programme before the Christmas break.”
