First Mining announces infill drilling results for its Goldlund Gold Project
Wednesday, Apr 18, 2018
First Mining Gold Corp is pleased to announce the infill drilling results, comprising 13 drill holes, from its diamond drill program within Zone 1 at First Mining’s 100% owned Goldlund Gold Project (“Goldlund”), located near the town of Sioux Lookout in northwestern Ontario, Canada.

Drilling Highlights:

  • Hole GL-17-136 intersected 72.0 metres of 6.26 grams per tonne gold
    • including 1.05 metres of 367 grams per tonne gold and 2.0 metres of 21.96 grams per tonne gold
  • Hole GL-17-139 intersected 68.0 metres of 0.62 grams per tonne gold
    • including 2.0 metres of 10.26 grams per tonne gold
  • Hole GL-17-135 intersected 76.0 metres of 0.43 grams per tonne gold
    • including 2.0 metres of 5.86 grams per tonne gold
  • Hole GL-17-138 intersected 18.0 metres of 0.61 grams per tonne gold
    • including 2.0 metres of 4.36 grams per tonne gold and 27.0 metres of 0.58 grams per tonne gold
    • including 2.0 metres of 3.19 grams per tonne gold
  • Hole GL-17-140 intersected 12.0 metres of 1.41 grams per tonne gold
    • including 2.0 metres of 5.75 grams per tonne gold
Note:  Assaying for the 2017/2018 Goldlund drill programs is being done by SGS Canada Inc. (“SGS”) at their laboratories in Red Lake, ON. and Burnaby, BC.  Reported widths are drilled core lengths; true widths are unknown at this time.  Assay values are uncut.

The 2017/2018 drilling campaigns at Goldlund have been designed to accomplish four primary objectives:

  • Convert Inferred Mineral Resources within the resource area (Zones 1, 5 and 7) into the Indicated Mineral resource category;
  • Test drill deeper exploration targets within Zone 7;
  • Identify and add additional mineralization within areas that are adjacent to the current resource boundary; and

  • Test drill additional exploration targets within other areas (outside of the current resource boundary) within the Goldlund Gold Property
The 13 drill hole results presented in this news release represent infill holes which targeted mineralization in Zone 1.  While twelve out of the thirteen holes intersected gold mineralization, this latest round of drilling was limited in extent in order to avoid intersecting historic underground workings.  Areas of Zone 1 had previously been mined and therefore contain several levels of existing underground workings.  Accordingly, these latest holes had to be positioned to avoid drilling through existing levels or stopes, and we believe that some of the holes may not have reached the key mineralized zones which occur closer to the footwall of the zone.

During this latest drill campaign, Zone 1 mineralization has also been encountered at depths greater than intersected in earlier drilling, for example in hole GL-17-115 (previously reported in the Company’s news release dated February 8, 2018), where gold mineralization was encountered at depths from 578 to 622 metres (44 metres of 0.78 g/t gold, including 2 metres of 5.11 g/t gold and 2 metres of 4.11 g/t gold).

Jeff Swinoga, President and Chief Executive Officer of First Mining, stated, “These Phase 2 infill drill holes have been very promising, with most of the holes having intersected gold mineralization, and were designed to provide greater confidence in the gold mineralization at Goldlund which is currently confined within a strike length of only three kilometres.  Our next exploration program at Goldlund will entail drilling several underexplored areas of the property along strike.  Given that the total strike length of the Goldlund property is estimated to be approximately 50 kilometres, we are very excited to see if these exploration efforts will support our belief that gold mineralization continues along strike at Goldlund.”

The 2018 Phase 2 drill program at Goldlund has thus far been partially successful in achieving its objectives and the drilling is now complete, with assays for the remaining 11 holes still pending.  Additional drilling in the same area will require a more precise 3D model of the historic underground workings to improve drill hole placement and orientation.

During the summer of 2018, First Mining plans to broaden its exploration activities to other regional targets on the Goldlund property that are outside the current resource boundary.

Gold observed during the current drilling program at Goldlund occurs both as fine disseminations in quartz vein stockworks and as more discrete larger grains up to 2 mm spatially associated with pyrite in the quartz veins.  Calaverite, a gold telluride mineral, has been noted occasionally in higher grade intervals on fracture surfaces in the quartz veins.  Higher grade gold distribution in the granodiorite dike is often, but not always, associated with zones of more intense quartz stockworking and potassic alteration. 

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