First Class Metals – High Gold Grades at Sunbeam

First Class Metals PLC has announced high-grade gold assays on samples taken from channels sampling programmes at the 100%-owned Sunbeam Property, located in Ontario, Canada.

These results come from two of the three known areas of historic mining, the Roy Development, and the Pettigrew Development.

Results from the Roy Development, include:

• 0.3 meters (m) at an average grade of 18.8 grams per tonne (g/t) gold (Au)
• 0.35 m at an average grade of 6.27 g/t in mafic schist with quartz veinlets
• 0.5 m at an average grade of 4.98 g/t Au in sheared porphyry
• 0.5 m at an average grade of 5.58g/t Au within a quartz vein

Results from the Pettigrew Development, include:

• 0.2 m at an average grade of 3.5 g/t Au in a quartz vein with galena and chalcopyrite
• 0.75 m at an average grade of 1.82 g/t in sheared porphyry
• 3.95 m at an average grade of 0.32 g/t Au within sheared porphyry
• 13.0 g/t Au grab sample from quartz rubble dug up beside the stripped outcrop

These positive results further support First Class Metals’ decision to stake 119 contiguous claims, along strike to the northeast of its existing landholding at Sunbeam (Figure 1)

Source: First Class Metals

Thoughts:

Historically gold mineralisation at the Sunbeam Property was believed to be contained within high-grade gold-bearing veins within the mafic schists.  While some of the grades returned here are very high and that is an exciting development in itself, what is really interesting about these results is that a number of these high-grade gold-bearing intersections, are identified to come from the sheared porphyry. This is an additional potential source of mineralisation to  the historically worked gold mineralisation.

The discovery of an entirely new prospective target rock is opening up a new frontier for exploration at the Sunbeam Property, significantly increasing the projects’ prospectivity.

First Class Metals now plans to relog and assay the core from previous drilling on the property to assess if any intervals of prospective porphyry have not previously been assayed.

The staking of additional claims to the northeast late last year ensured that First Class Metals secured the potential extensions to the three 10 km-long subparallel gold-bearing structures that are inferred to continue to the northeast.

First Class Metals has now established a district-scale land package of over 70km² at the Sunbeam Property. The Property contains numerous historic workings and gold occurrences at the surface. The Company is just starting its exploration activities in the area but has already dramatically increased the project's prospectivity by defining new targets in an additional host rock.

Future work will focus on expanding the potential mineralisation with the sampling of any prospective porphyry.

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