First Class Metals PLC announced an operational update for the Enable Project, west of Marathon, Ontario. First Class Metals is now in receipt of the first assay results from the 2022 field campaign and accordingly provides an operational update initially for Enable, which includes the announcement of a new gold showing now defined on the property. This is the first in a series of releases which will report the success of the field season activities for 2022 across the six properties worked upon.

All field work was carried out under stewardship of Emerald Geological Services (EGS), led by their principal Bruce MacLachlan. The Enable 41 claims blocks, covering 16.4km², are dissected by an important geological feature striking north east to south west which can be traced off property to historical showings. The contact between the Terrace Bay batholith (to the southeast) and the mafic volcanics and iron formation, which have been intruded by quartz-feldspar porphyry dykes related to the batholith (to the northwest), is an important, mineralised geological feature of district scale.

There are numerous showings located in the surrounding claims. 30 plus gold occurrences in the district are associated with this contact. The contact between the mafic rocks and the Terrace Bay batholith is the main vector of interest regarding this property.Less than 2 kilometres off property along this contact are the historic samples of the Acker G Vein (believed to be located at the Hays Lake showing with 9.64g/t Au and 20g/t Ag) in a 3-metre-wide shear zone which trends north east, and may extend onto the Enable property. Also, to the south west is the 'Joa Walton' occurrence with 192.7g/t Au and 401g/t Ag.

Again, this important trend when extrapolated across the property contains the historic Perch Lake West showing with a reported 1.85g/t rock chip sample. All these known gold occurrences and the presence of historical gold on the property are substantive evidence to support the inferred continuation of the mineralised geological structure/contact through the Enable claim block. This is a very positive encouragement for its potential to report further gold assays in the future.

Over two field visits to the property, reconnaissance identified several quartz veins and over 80 rock samples were collected. The assays received have not only confirmed and enhanced the West Perch Lake showing but identified a new area of quartz veining containing gold values in excess of 7ppm, see Photo 1. Several samples returned anomalous to significant silver values. The higher silver values are associated with the elevated gold assays, for example Sample 697926 containing 83ppm Ag, and in a separate sample 5.2ppm Au also reported 57ppm Ag.

Further work is planned for the upcoming Field season, including soil lines and continued reconnaissance along the inferred contact. Meanwhile a programme of lake sediment sampling has been initiated.