Shares in Foremost Lithium shot up 2.1% by 11:10 a.m. ET on the Nasdaq, where it began listing in August 2023, for a market capitalization of $11.9 million.
The Winston group of properties in Sierra county is situated over approximately 12 sq. km. of drill-ready site that contains three past-producing mines in Ivanhoe, Emporia and Little Granite.
Each mine produced high-grade gold and silver during full-time operations over a century ago, underscored by Little Granite, which produced high-value ore in some of its underground shoots.
The property last was drilled in the 1980s at multiple targets, highlighted by a seven-hole program at Little Granite that hit meaningful gold and silver values in each hole.
The most recent work was a geologic reconnaissance sampling program in 2021, which returned results of up to 66.5 g/t gold and 4,610 g/t silver.
“The Winston group of properties has yet to realize its full value and this plan…
