First Class Metals PLC Advances Exploration at Zigzag Project to Unlock Lithium Potential

First Class Metals PLC is excited about the potential of its Zigzag project, which is prospective for lithium and tantalum. The demand for lithium is expected to increase due to its key role in the electric vehicle revolution, and there is a supply deficit anticipated by the end of the decade. Similarly, there is expected to be a gap in the supply of tantalum, which is used in capacitors for electronic devices. The Zigzag project covers the historic Tebishogeshik occurrence, which has shown high-grade lithium and tantalum grades. The project is located in Ontario, a mining-friendly jurisdiction, and is in an area prospective for hard rock, pegmatite-hosted lithium.

First Class Metals has been expediting exploration at the Zigzag project since taking on an option to earn-in earlier this year. The company already had a permit in place, enabling exploration activities ranging from stripping and trenching to drilling. They have also executed a Memorandum of Understanding with the Whitesand First Nation, allowing for the formal commencement of exploration work. The company has been quick to prepare for the exploration stage, mapping an easy route to the project and securing access ahead of schedule.

The first phase of exploration will involve prospecting, mapping, and clearing, using techniques such as rock chip sampling to identify interesting areas for further investigation. The results of this work will inform the second phase of exploration, which will involve completing surface sampling at consistent intervals along the entire length and width of the pegmatite at Zigzag. The goal is to verify previous work and identify potential infills and extensions where economic quantities of lithium and tantalum could be located. The best areas will be drilled for further investigation.

The company is proud of the progress made towards investigating the opportunity to discover deposits of highly-in-demand metals at Zigzag. They look forward to updating stakeholders on the findings as the work progresses over the coming weeks and months.