Completion of expanded auger drilling programme
Fulcrum Metals plc has completed an expanded auger drill programme at its Teck-Hughes gold tailings project, drilling a total of 159 holes to a maximum depth of 12.4 metres. The company previously reported initial results from 94 holes averaging 0.65g/t gold from surface and expects to release assay results for critical minerals from the initial holes, followed by gold and critical mineral assays for the full 159 holes. This milestone follows strong preliminary Phase 3 metallurgical results showing over 70% gold and silver recovery and positions Fulcrum to complete assay reporting and detailed metallurgical testing in Q1 2026, with plans for a Mineral Resource Estimate and progression towards production.
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Fulcrum Metals plc (AIM:FMET), a company pioneering the use of innovative technology to recover precious and critical metals from mine waste, announces the completion of the expanded auger drill programme at the Teck-Hughes gold tailings project, located in Kirkland Lake, Ontario, Canada.
Further to the Company's announcements on 15 October 2025 reporting the completion of an initial 94 auger drill holes with gold grades averaging 0.65g/t from surface, and on 25 November 2025 with the expansion of the auger drill programme, the Company now reports the completion of the expanded auger drill programme with 159 holes drilled in total. The auger holes have been drilled from surface to a maximum depth of 12.4 metres.
The Company intends to release the results from the auger drill programme reporting on critical mineral assays of the initial 94 holes followed by gold and critical mineral assays for the complete programme of 159 auger drill holes. Timing of these updates are dependent on return of the assay results from the lab.
Ryan Mee, CEO of Fulcrum Metals, commented: "2025 has seen significant progress in advancing Teck Hughes towards production. The completion of the auger drill programme marks another major milestone alongside the recently announced strong preliminary Phase 3 metallurgical results, which demonstrated gold and silver recoveries of over 70%.
Fulcrum enters Q1 2026 with clear objectives of completing two key workstreams in parallel - assay reporting and analysis from the auger drill programme and the completion of the Phase 3 detailed metallurgical and optimisation testing with Extrakt.
The Company will continue to provide shareholders with regular updates as work at Teck Hughes advances, including the modelling of a Mineral Resource Estimate and the next steps towards production."
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