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First Mining Gold Corp.
Summary
| Project: | Springpole | |
|---|---|---|
| Deposit: | Springpole | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 2/6/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing PEA | |
| Report details: | 6-2-2017: First Mining Gold Corp. announces an Exploration/Drilling Update report for its Springpole deposit at the Springpole project. Drilling results incl. 341.0m @ 1.51g/t Au from 74.0m. First Mining Finance Corp. (“First Mining” or the “Company”) is | |
| Resources: | (Resource, Ind) 128.2Mt @ 1.07g/t Au, 5.7g/t Ag for 4.41Moz Au, 23.8Moz Ag contained at project | |
| CP/QP: | [Overall Report]: Chris Osterman (Internal) | |
| ABSTRACT: | First Mining Finance Corp. (“First Mining” or the “Company”) is pleased to announce the completion of a metallurgical diamond drill program on its 100% owned Springpole Gold Project (“Springpole”), located in northwestern Ontario, Canada. A total of four holes comprising approximately 1,200 metres were drilled during the fall 2016 program with hole locations specifically designed to recover sample material that is representative of the Springpole deposit. The drill program was specifically designed to provide material for metallurgical testing. Material from the drill holes has been subjected to both assay testing and metallurgical testing. The intent of the metallurgical testing program is to determine the optimal grind size and processing flow sheet so as to maximize metallurgical recoveries. The results from this metallurgical testing program are expected to be incorporated into a new Preliminary Economic Assessment (“PEA”) for Springpole which is expected to be released in the first half of 2017. Commenting on the results, Patrick Donnelly, President of First Mining, stated “The recent drilling program at Springpole confirms previous work that demonstrates that this deposit has exceptional mineralization continuity over a significant vertical extent. We look forward to receiving the metallurgical data and completing the new PEA for Springpole later this year, as we believe it could confirm that our Springpole Gold Project is highly viable in the current gold price environment.” | |
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