Fulcrum Metals PLC has reported positive initial results from the Phase 1 sampling and testing program at the Teck-Hughes gold tailings project in Canada. The sampling, completed across six site locations, returned an average weighted grade of 0.717g/t Au, which is 16.9% higher than historically reported. The company has submitted composite samples for batch leach testing using Extrakt technology for gold recovery rates. The results from this phase will feed into the Phase 2 conceptual study.

A total of 32 samples were taken for testing across six locations and composited into individual samples. The testing of the gold grades within the tailings has been extremely successful, with composite samples for each of the six sites sampled returning an average weighted grade of 0.717g/t Au, which is 16.9% higher than historic sampling of the same sites. The first batch leach testing using the Extrakt technology has been completed, with 12 samples sent to an external laboratory for gold rate recovery analysis, while a second batch leach test run is underway.

Fulcrum Metals PLC had entered into a mining option agreement to acquire the Teck-Hughes gold tailings project and has been advancing its discussions with Extrakt, a sustainable technology company, about the licensing of its proprietary technology. The Phase 1 sampling and testing program is designed to evaluate the efficiency of Extrakt's processing technology in recovering gold and other by-products from the tailings at Teck-Hughes.

Ryan Mee, Chief Executive Officer of Fulcrum, expressed his delight at the results, stating, "I am delighted that the results of the sampling and testing of the gold grades at Teck-Hughes have come in above expectations and at 16.9% higher than the historical reported average."

The Phase 1 sampling and testing included complete sampling across six locations chosen to provide representative sampling across the tailings, with 32 samples totaling 39kg. The samples were composited into six individual site composite samples for testing. The results confirmed gold grades with an average weighted grade of 0.717g/t Au, being 16.9% higher compared to historic sampling at the same sites. Further detailed analysis of the tailings composition is to be undertaken, and the results of the final sampling and testing will feed into Phase 2 conceptual study.