Visible Gold Intersected at Roy, Sunbeam

First Class Metals PLC (“First Class Metals”, “FCM” or the “Company”) the UK listed company focused on the discovery of economic metal deposits across its exploration properties in Ontario, Canada, is pleased to provide an update on the ongoing drilling programme at the Roy prospect on the Sunbeam Property, where drilling has intersected a broad mineralised structure and visible gold has now been identified within drill core.

Highlights

• Visible gold (‘VG’) has been observed in core from one of the drilled holes
• Drilling is ongoing with all holes to date intersecting the (mineralised) ‘package’
• Currently the strike of the drilled structure is over 250m
• Emerald Geological Services remain on site supervising all aspects of the drilling.
• Drilling programme nearing completion with further results expected shortly

Marc J. Sale CEO, First Class Metals, Commented:

“The drilling at Roy is progressing satisfactorily with all holes intersecting a sulphide bearing, potentially mineralised ‘package’ of deformed and quartz veined chloritic schist and altered tonalite. This package has a true width of several metres. The identification of visible gold is a huge uplift for the exploration team. This vindicates the enthusiasm demonstrated over the Roy prospect by FCM and EGS. In my experience, visible gold identifiable to the naked eye within drill core is often associated with potentially high gold grades, I would anticipate the assay being in the order of an ounce, depending on the length of core in that sample.”

Roy structure

The lineament that the Roy occurrence / development is located on is a district scale structure and has now been traced through historic work and EGS prospecting towards the 111ppb lake sediment sample some 5km northeast along strike of the mine shaft. The structure also hosts historic shafts B43 and B45, which further enhances the potential (see Figure 1).

Figure 1 illustrating the soil (VLF) grid and locations of historic shafts, including Roy.

Drilling

The planned 1,000 metre diamond drilling programme is nearing completion.

Drilling to date has consistently intersected the targeted mineralised package (see Figure 2), which comprises altered tonalite and deformed chloritic schist with quartz veining and sulphide mineralisation. Based on current drilling, the structure has now been traced over more than 250 metres of strike, and could extend beyond 350 metres once the final holes of the programme are completed.

The consistent intersection of this mineralised package across multiple drill holes provides encouraging evidence of structural continuity within the Roy prospect.

Figure 2 boxes of core from a drill hole drilled on the new azimuth of 110^o, showing the potentially mineralised ‘package’ of altered (variously quartz veined) tonalite on the margins of deformed chloritic schist containing / alternating with quartz veins and veinlets.

The observation of visible gold in the core is considered extremely significant, (see Figure 3). The gold…