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First Mining Gold Corp.
Summary
| Project: | Goldlund | |
|---|---|---|
| Deposit: | Goldlund | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/27/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-7-2017: First Mining Gold Corp. announces an Exploration/Drilling Update report for its Goldlund deposit at the Goldlund project. Drilling results incl. 202.0m @ 1.39g/t Au from 66.0m. Vancouver, British Columbia – First Mining Finance Corp. (“First Mi | |
| 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 sixth set of assay results, comprising 14 drill holes (Tables 1 and 2) from its Phase 1, 24,300 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 primary 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 five press releases (on April 25, May 2, May 24, June 20 and July 10, 2017) comprising a total of 60 drill hole results. With today’s latest press release, the Company has now released the results for 74 drill holes from the Phase 1 program, of which 69 drill holes contain significant intervals of gold mineralization, a 93% success rate. First Mining is a mineral property holding company whose principal business activity is to acquire high quality mineral assets with a focus in the Americas. The Company currently holds a portfolio of 25 mineral assets in Canada, Mexico and the United States with a focus on gold. Ultimately, the goal is to continue to increase its portfolio of mineral assets through acquisitions that are expected to be comprised of gold, silver, copper, lead, zinc and nickel. | |
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