First Class Metals

Zigzag (Li, Ta, Rb)

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Located within proven hard rock lithium district

Successful initial drill campaign in December 2023

Exploration permit in place, MoU with First Nations

First Class Metals’ Zigzag project is a hard rock lithium prospect encompassing a 6-unit claim group which covers the historic Tebishogeshik lithium occurrence as well as other mineralized sites.

The pegmatite historically was reported to be > 800m in length and up to 18m thick and remains open along strike and to depth and is yet to be fully evaluated. Importantly, the potential of this occurrence remains largely untapped and remains open along strike and at depth. First Class Metals believes this to warrant further comprehensive evaluation.

The Seymour Lake development of Green Technology Metals is less than 20km to the west.

The Zigzag prospect is fully permitted for stripping, trenching and drilling.

FCM has entered into an Early Exploration Agreement (EEA) Whitesand First Nation.

Historic drill holes along the occurrence have returned significant lithium intersections: 1.08% Li2O over 6.1m from 12.45m; a separate intersection of 399.8ppm Ta2O5 over 2.92m from 15.50m.

Results from initial prospecting programme of 39 grab samples were very encouraging, with 19 samples reporting over 1% Li2O and a further 3 samples over 0.5% Li2O defining almost 400m of strike of >1% Li2O in the central portion of the property.

Furthermore, there were, (some in coincident samples) 6 samples >250ppm tantalum (Ta) . Nine samples reported >1000ppm rubidium (Rb) with the highest reported value being 3800ppm Rb. Gallium (Ga) was also anomalous, with several over 100ppm the highest >140ppm. Several samples were also anomalous in caesium (Cs).

Sampling by FCM has validated and improved the historic Li ‘grades’.

Grab samples have outlined a ‘core’ strike zone of 400m with >1% Li2O

Hand stripped channel sampling focussed on the western 200m section and included:

Again significant Ga, Ta and Rb values are also recorded. The structure remains open along strike in both directions.

Assay results from the recent drill programme are in line with and exceed the channel sample results.

Elevated grades of several key technology critical metals present including: gallium (Ga), rubidium (Rb20) , caesium (Ca) and tantalum (Ta).

Significant upside for the expansion of the geochemical envelope along strike in both directions and down dip.

Initial geochemical results indicate the probable existence of a second structure.

An Exploration Permit to allow additional stripping and drilling on the Property is being drafted.

The location of First Class Metals' Zigzag Lithium Project, situated near Green Technology Metals' Seymour Project, offers strategic advantages. This geographic proximity enables the possibility of future resource sharing and logistical efficiencies, which could contribute to reduced transportation costs and streamlined operations. 

Additionally, the presence of Green Technology Metals, a recognized entity in the lithium exploration sector, may enhance the regional profile of the Zigzag project. This positioning could positively impact its visibility within the growing lithium market in Ontario. 

Overall, the advantageous location of the Zigzag project supports First Class Metals' focus on the increasing demand for lithium, positioning it favorably as the market continues to develop.

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