Aug 04, 2020
First Mining Intersects 173.8 g/t Gold over 1.0 Metre at the Goldlund Gold Project, Ontario, Canada
2 MIN READ
Mr. Daniel Wilton reports:
Further Results from First Mining’s 2019 – 2020 Drill Program at the Main Zone
VANCOUVER, BC / ACCESSWIRE / August 4, 2020 / First Mining Gold Corp. (“First Mining” or the “Company”) (TSX:FF) (OTCQX:FFMGF) (FRANKFURT:FMG) is pleased to announce the latest results from the 2019 – 2020 drill program completed by First Mining at the Goldlund Gold Project (“Goldlund” or the “Project”) in northwestern Ontario, Canada. Drilling focused on delineating mineralization in the eastern portion of the defined resource area at Goldlund (the “Main Zone”), with these results including the highest-grade interval encountered to date in the 2019 – 2020 program, Hole GL-20-033, which intersected 173.8 grams per tonne gold (“g/t Au”) over 1.0 metre (“m”).
Latest highlights from holes drilled at the Main Zone include:
Hole GL-20-033 intersected 173.80 g/t Au over 1.0 m
Hole GL-20-034 intersected 5.10 g/t Au over 1.0 m
“These five holes represent the completion of our 2019 – 2020 drill program, which consisted of a total of 48 holes” stated Dan Wilton, CEO of First Mining. “The program was successful in further delineating the Main Zone and followed on from the Company’s successful drill program at its Miller Prospect in 2018 and 2019. Both of these campaigns have demonstrated the exceptional exploration potential at Goldlund. We look forward to seeing continued exploration successes under new management at Treasury Metals once the sale of the Project is completed in mid-August. We are confident that the district-scale Goldlund-Goliath gold project, in which First Mining will continue to be a significant shareholder through our holdings in Treasury Metals, will develop into one of the most important gold projects in Ontario.”
The five holes highlighted in this news release are all located in the northeast portion of the Goldlund deposit, with drilling in this area targeting definition of the northeast extension of Zone 2 and Zone 3. Gold mineralization was encountered in all five holes and included the highest-grade intercept of the program (173.8 g/t gold over 1 metre in hole GL-20-033). As seen throughout this latest drill program, the mineralization encountered in the last five holes occurs within locally silicified, sheared and variolitic andesites, as well as gabbros and altered porphyries. This counters the conventional theory, from previous exploration work, that the mineralization at Goldlund is primarily associated with granodiorite (tonalite) which is the main host for the Zones 1 and 7 gold mineralization.
As part of the 2019 – 2020 drill program at the Main Zone, First Mining completed a total of 48 holes (8,958 metres). This news release incorporates results from the final five holes completed, following on from the Company’s March 2, 2020, May 6, 2020 and July 7, 2020 news releases which announced the results of prior holes. Drilling has been completed on approximate 50 metre spacing, with the overall goal of the drill program to define and extend mineralization in the eastern and western portions of the Main Zone area. The 2019 – 2020 drill program at the Main Zone has been successful both in identifying other host lithologies for gold mineralization, and in demonstrating that additional mineralization also occurs between the currently defined mineralized zones. Drill results from the northeast area have confirmed the continuity of higher-grade mineralization over approximately 600 metres of strike length, with mineralization remaining open in both directions along strike. Mineralization also remains open to the southwest of the current resource area.