First Class Metals

North Hemlo (Au, Ni, Mo, Cu)

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Similar geological setting to Barrick’s nearby, 23Moz Hemlo mine

North Hemlo is First Class Metals’ flagship property and offers considerable potential for both precious and base metal mineralisation.

The Flagship North Hemlo property historically comprised of three claim areas, the addition of the Hemlo north block, acquired from Power Metals Plc., brought North Hemlo together as one cohesive block.

The property now extends across 414 claims covering ~87km².

There were limited historical showings on the NHemlo property, the most important being the gold / molybdenum showing at Dead Otter Lake.

The geology / geophysical signature of  

High-definition magnetic survey of over 4,000 line km has shown that there are additional linear anomalies that require systematic exploration, especially where intersected by  N-S and NW-SE structures.

The property area has been extended by 34.5km² (163 claims) 

with the executed Purchase Agreement with OnGold which is contiguous to North Hemlo to the north.

First Class Metals is committed fully to exploring and realising the vast mineral potential held within its North Hemlo flagship property. The Company is leveraging its strategic partnerships, extensive geological data, and comprehensive exploration plans to unlock the area’s precious and base metal potential.

First Class Metals has, after consultation with the relevant FN groups submitted and has been granted an Exploration Permit to allow stripping and trenching on prospective sites within the property.

This will allow the Company to consolidate the extensive work already undertaken along the Dead Otter trend, including prospecting, sampling, and mapping.

The stripping off of overburden along the Dead Otter trend will allow for a far more quantitative appraisal of the Dead Otter structure. Specifically, First Class Metals will focus on the area of the historical showing (3.1ppm Au 0.59% Mo) as well as the extension along strike to the south east.

Meanwhile, First Class Metals will also complete stripping along with drill access trail clearance at North Hemlo in the area 3km to the south east of the Dead Otter Lake structure reporting 19.6ppm Au. This work will be carried out in anticipation of drilling.

Both of these locations have reported visible gold and gold ‘panned’ from crushed rock.  Furthermore, other samples in the area of the 19.6ppm sample have reported 13.6ppm and 4.6ppm Au.

The historic showing at Dead Otter zone is also reporting very high values of pathfinder elements including molybdenum as well as telluride. This is strongly associated with gold deposits in the Hemlo area, and could indicate high level in a gold system in First Class Metals’ licence area.

In an additional area over 750m south east along trend from the historic showing, an isolated outcrop also returned 2.29ppm Au, confirming the presence of an auriferous trend. This will also be a target for stripping.

The location of First Class Metals' North Hemlo Project, situated approximately 20 kilometers north of Barrick Hemlo, presents several strategic advantages. 

This proximity to a well-established mining operation enhances the project's visibility and reinforces its credibility within the mining sector. Being close to Barrick Hemlo, a recognised global leader in the industry, may also provide First Class Metals with access to valuable regional expertise and insights into best practices for exploration and development.

 The surrounding infrastructure and resources associated with a major operation like Barrick Hemlo can potentially offer logistical benefits that contribute to the future development of the North Hemlo Project. 

Overall, the advantageous location of the North Hemlo Project positions First Class Metals to capitalise on opportunities within the metals exploration sector, aligning with the growing interest in gold exploration and production in the region.

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