Fulcrum Metals Share Discussion Threads

[omsima] 12/5/2023 11:09

Exploration Update

Fulcrum Metals plc (LON: FMET), a company focused on mineral exploration and development in Canada, is pleased to provide a detailed update on its exploration activities in both Ontario and Saskatchewan.

Work undertaken to date by the Company is in line with the Company's strategy to accelerate exploration across its projects to improve the understanding of these highly prospective assets with the view to increasing shareholder value.

Significant progress has been made in the last three months since the Company's admission to trading on the AIM market of the London Stock Exchange on 14 February 2023 and the next programme steps are at an advanced planning stage as outlined below:

Schreiber-Hemlo Project, Ontario



· Initial focus is on the Big Bear property, aimed at advancing the project to drilling stage in Q3 2023.

· Commencing later this month, a second phase of geological mapping and sampling is planned to further refine the multiple targets identified, building on the very positive results of the first prospecting phase and the recent structural study which identified 42 priority exploration targets across the wider Schreiber-Hemlo project.

· Gold mineralisation occurs in quartz-carbonate veins hosted in mafic volcanic rocks (up to 45g/t Au in grab samples) and within sulphide bearing banded iron formation ("BIF") (up to 3.62g/t Au) which has the potential for thicker and more laterally extensive mineralisation.

· The Company contracted an airborne magnetic and electromagnetic ("EM") survey covering 683 line kms, which has now been completed, and when combined to existing airborne data provides complete coverage of the entire Big Bear property. The final results and analysis are expected early Q3 2023. An earlier airborne survey shows a number of anomalies that suggest quite widespread BIF occurrence.

· Following on from the phase 2 mapping/sampling programme and the further airborne surveying, targets will be ranked for initial diamond drill evaluation and testing.



Tocheri Lake, Ontario



· High-quality airborne magnetic and Transient Electromagnetic Method ("TDEM") surveys covering 232 line kms has now been completed with full results expected in early Q3 2023. This approach has been successful in generating exploration targets and resulted in high-grade nickel sulphide discoveries in the adjoining Tyco project held by Palladium One Mining Inc.



Winston Lake, Ontario



· This project has recently been expanded through the acquisition of 42 additional mining claims covering a sedimentary-volcanic contact zone reportedly exhibiting similar alteration to the historic Winston Lake base/precious metal deposit which was reported to be the highest-grade Zinc mine in North America.

· Historic sampling results from Fulcrum's new claims are reported to include grab samples of up to 1.35% and 0.97% copper and anomalous copper in soils of up to 1,100ppm over an area of 2 square kilometres.



Charlot - Neely Lake and Fontaine Lake Projects, Saskatchewan



· The Company has engaged a remote sensing specialist, Dr Neil Pendock, to undertake a detailed hyperspectral data analysis over the Fulcrum properties, focussed particularly on uranium and rare earth element targets, utilising Sentinel-2 satellite data.

· The analysis highlighted several consistent trends which may represent spectral fingerprints for uranium and rare earth elements. These data will be supplemented with the historic technical reports and government and provincial databases in refining exploration targets for 2023.



Ryan Mee, Chief Executive Office of Fulcrum Metals plc, commented:

"Since listing, Fulcrum has made solid and important progress at the significantly sized Schreiber-Hemlo Project covering approximately 113 square kilometres, in which the Big Bear property is demonstrating all the required characteristics such as high-grade gold in surface samples, favourable geology, favourable structures and potential regional scale shear zones that control the mineralisation, which are all desirable for economic mineral deposits. It is an exciting time as we move forward with plans to drill at the Schreiber - Hemlo project this year."

"The phase two mapping and sampling program at Big Bear will commence later this month as we finalise drill target selection and orientation. This will be followed by groundworks across the Ontario portfolio of projects. The groundworks in Saskatchewan will commence following the hyperspectral data review and incorporation of the historical data."

"Fulcrum has initiated a concerted effort across the portfolio and will sustain a continued exploration programme through the adoption of all the exploration tools at its disposal as we set about identifying and developing the significant potential of its assets through commercialisation and discovery.

I look forward to reporting on the exploration programmes and initiatives in the coming weeks and months."

[oscar_pistorius] 03/4/2023 12:49

All quiet. Bodes well so far: no one is willing to sell at 9m MCAP.

[omsima] 02/3/2023 14:44

Amazing first RNS / waiting for partnerships and deals to come through


2 March 2023

Fulcrum Metals plc

("Fulcrum" or the "Company" or the "Group")

Schreiber-Hemlo Project - Update

High grade gold samples and next steps

Fulcrum Metals plc (LON: FMET), the Canadian focused multi-commodity explorer, is pleased to provide an update and results of a prospecting programme carried out at the Big Bear property, part of the wider Schreiber-Hemlo project area covering approximately 113km2, undertaken during the months of June 2022 and September 2022. The programme was undertaken by Bayside Geoscience, the Group's third-party exploration contractor.
Highlights
· Programme centred around the Schreiber area covering 5 historic mineral occurrences and gold workings (Figure 1 below)

· A total of 45 rock samples were collected for assay, with results confirming prospectivity, including high-grade gold results:

o Best values included 45g/t Au, 37.4g/t Au and 33.6g/t Au

o 5 samples out of the 45 collected produced grades in excess of 10g/t Au and 9 samples in excess of 1g/t Au (Figures 2 and 3 below)

· Successful detailed mapping of important shear zones with the potential for the discovery and development of an economic mineral deposit

· Initial structural observations between the Cook Lake and Pyramid Schreiber showings, and earlier soil sampling results from Panther Metals plc, have identified a potential regional-scale shear zone passing through this area on a single mineralised structural system. (Figure 4 below)

· Based on the geological and structural setting of the property, it may have potential to host a large, structurally controlled, stratabound-style banded iron formation (BIF) gold prospect similar to the Musselwhite deposit (McNicoll et al., 2016), in addition to an Archean greenstone, orogenic-style lode gold prospect, extending past the bounds of known historical mineral occurrences.
Ryan Mee, Chief Executive Officer of Fulcrum Metals, commented:
"I am delighted to report on the successful exploration programme at the Big Bear property within our Schreiber - Hemlo project and our first announcement since listing on AIM last month. The sampling programme has returned exceptional gold assays of up to 45 g/t and several in excess of 10 g/t which really outlines the excellent prospectivity of just one target area among many.
"The detailed mapping suggests a much larger mineralised structure than acknowledged previously and displays the historical and structural characteristics of being an excellent candidate for a large stratabound deposit or a high-grade lode gold deposit.
"We have a progressive exploration programme across our projects in addition to drilling planned at Big Bear in 2023 and I look forward to updating the market on our progress in due course."