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First Mining Gold Corp.
Summary
| Project: | Goldlund | |
|---|---|---|
| Deposit: | Goldlund | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/10/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-7-2017: First Mining Gold Corp. announces an Exploration/Drilling Update report for its Goldlund deposit at the Goldlund project. Drilling results incl. 52m @ 0.63g/t Au from 183.0m. Vancouver, British Columbia – First Mining Finance Corp. (“First Mini | |
| Resources: | (Resource): 9.3Mt @ 1.87g/t Au (Ind.) and 40.9Mt @ 1.33g/t Au (Inf.) at Goldlund | |
| CP/QP: | [Overall Report]: Chris Osterman (Internal) | |
| ABSTRACT: | Vancouver, British Columbia – First Mining Finance Corp. (“First Mining” or the “Company”) is pleased to announce the fifth set of assay results, comprising 11 drill holes (Tables 1 and 2) from its Phase 1, 24,000 metre diamond drill infill program on its 100% owned Goldlund Gold Project (“Goldlund”), located near the town of Sioux Lookout in northwestern Ontario, Canada. The goal of the 2017 drilling campaign at Goldlund is to upgrade Inferred resources into the Measured and Indicated categories, with the majority of the drilling focused on Zone 7 and Zone 1 (Figures 1 and 2), and to gain further knowledge of the geology and gold mineralization in preparation for a Phase 2 drilling program. The Phase 1 drilling program, comprising 100 holes (24,300 metres), was completed at the end of May and the remaining assay results from the Phase 1 program will continue to be released in batches as they are received. Since the commencement in January of the Phase 1 drilling program, the Company has issued four press releases (on April 25, May 2, May 24, and June 20, 2017) comprising a total of 49 drill hole results. With today’s latest press release, the Company has now released the results for 60 drill holes from the Phase 1 program, of which 57 drill holes contain significant intervals of gold mineralization, a 95% success rate. Commenting on the results, Dr. Chris Osterman, CEO of First Mining stated, “We are very pleased with the success of the Phase 1 drilling program, and as a result, we are now remobilizing a drill to re-commence drilling at the Goldlund Project to test the deeper portions of Zone 1. This series of deeper drill holes is expected to test the granodiorite dike hosting gold mineralization 50 to 200 metres below the historic mine workings in Zone 1. We anticipate that this drill program could evolve into a Phase 2 drill program once all assays are received by the Company of the first 100 holes. | |
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