First Class Metals - Operations update - Coco East and OnGold Earn-in
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First Class Metals - Operations update - Coco East and OnGold Earn-in
First Class Metals PLC has provided an operational update regarding the Coco East project and the OnGold Earn-in deal. Field work has begun at the Coco East property, showing potential for base metals. Additionally, the renegotiated deal with OnGold now grants FCM 100% of the property, eliminating the exploration commitment. The CEO, Marc Sale, highlighted the property's potential and the strategic focus on ground exploration despite rising gold prices.<br/><br/>The Coco East property covers 6.3km² and has shown potential for both precious and base metals. Field work and historical data indicate promising targets, with the possibility of continuation from a nearby zinc belt. OnGold, located southeast of Manitouwadge, also shows promise, with initial results indicating a high gold potential in the area.<br/><br/>The amended Purchase Agreement with OnGold benefits FCM by providing complete control over the property, enhancing future value potential. The Company also announced the admission of 300 additional Shares to trading, expanding the total voting rights. Further details on these exciting developments can be found in the full announcement. Shareholders are encouraged to reach out with any questions or inquiries for more information.
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