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First Mining Gold Corp. (symbol: FFMGF) is a mineral bank and resource project incubator. The company focuses on acquiring mineral assets at low valuations, waiting for commodity and mining project markets to improve. They plan to enter agreements with other parties to move projects forward, holding residual interests. These interests may include royalties, metal streams, minority interests, or equity positions. The goal is to have projects generating cash flow for shareholders, distributed as dividends.
Highlights from 2023 drilling program at the Duparquet Gold Project in Quebec include positive results, defining new gold zones, extending mineralization, and exploring significant discovery and follow-up targets. The 2024 drilling program aims to build on success, targeting growth opportunities within the mineral resource and potential higher-grade settings.
First Mining Gold Corp. (TSX: FF) (OTCQX: FFMGF) has received a positive conformity determination from the Impact Assessment Agency of Canada (IAAC) for its Springpole Gold Project's Final Environmental Impact Statement (Final EIS). This milestone confirms that First Mining's work meets federal EIS guidelines requirements. The Final EIS, submitted on November 4, 2024, has now entered the technical review phase, which is expected to conclude in Q4 2025. The company will collaborate with Indigenous communities, regulators, municipalities, businesses, and the public throughout the review process to address questions and comments.
First Mining Gold Corp. (FFMGF) has announced new drilling results from its 2024 Phase 3 diamond drilling program at the Duparquet Gold Project in Quebec. The company completed 4,194 meters of drilling across six holes at the Buzz Zone and North Zone targets. Notable results include:
Buzz Zone: 1.55 g/t Au over 15.4 m (including 3.08 g/t Au over 5.3 m) and 1.19 g/t Au over 35.3 m. North Zone: 4.00 g/t Au over 5.70 m (including 6.65 g/t Au over 2.0 m). The drilling has extended the North Zone by 130m eastward and demonstrated potential resource growth at both targets.
First Mining Gold Corp. (FFMGF) announces significant drilling results from the Springpole Gold Project's East Extension program in northwestern Ontario. Key intercepts from drill hole SP24-007 include 0.83 g/t Au and 8.02 g/t Ag over 52.50m, and 0.61 g/t Au and 4.66 g/t Ag over 46.50m. The program demonstrates potential resource growth near the current proposed eastern pit wall.
The Phase 1 drill program, initiated in September 2024, has completed five drillholes totaling 2,293m, with assays pending for four holes. The Project currently holds an Indicated Resource of 4.6 Moz gold and 24.3 Moz silver, plus an Inferred Resource of 300 koz gold and 1.4 Moz silver.
First Mining Gold Corp. (TSX: FF) (OTCQX: FFMGF) has established an Independent Geotechnical and Tailings Review Board (IGTRB) for its Springpole Gold Project. The IGTRB, consisting of three world-class experts with over 40 years of experience each, will provide independent expert advice on key engineering components, including the Project's Co-Disposal Facility (CDF) for tailings and mine rock management. The board has reviewed and supported the design advancements made since the Pre-Feasibility Study, noting favorable geotechnical foundation conditions at the CDF location. The IGTRB will continue to inform all aspects of the CDF throughout the project's life cycle.
First Mining Gold Corp. (FFMGF) reported its Q3 2024 financial results, highlighting successful fundraising of over $15 million through brokered and non-brokered offerings. The company's cash and investments balance stood at $13.8 million, with an equity interest in PC Gold Inc. valued at $21.5 million. Key developments include the submission of the final Environmental Impact Statement for the Springpole Project, new gold discoveries at the Challenger Target with samples grading up to 26.6 g/t Au, and completion of Phase 3 drilling at Duparquet comprising 24 holes over 9,564 m. The company also entered into a Process Agreement with First Nations for an Anishinaabe-Led Impact Assessment.
First Mining Gold Corp (TSX: FF) (OTCQX: FFMGF) has submitted its Final Environmental Impact Statement/Environmental Assessment (Final EIS/EA) for the Springpole Gold Project in northwestern Ontario. The submission incorporates over 14 years of research and data collection, assessing more than 20 environmental and socio-economic factors. The project is expected to create over 43,000 person-years of employment and generate over $2 billion in government revenue. The Final EIS/EA demonstrates that the project will meet all regulatory requirements, including fish habitat offsetting and Canadian Water Quality Guidelines. The EIS/EA process is anticipated to conclude in Q4 2025, with a public comment period expected to close in Q1 2025.
First Mining Gold Corp. (TSX: FF) (OTCQX: FFMGF) has signed a Process Agreement with Cat Lake First Nation and Lac Seul First Nation to implement a community-based Anishinaabe-Led Impact Assessment (ALIA) for the Springpole Gold Project. The agreement provides capacity support and establishes a framework for meaningful participation in the project review through the Anishinaabe cultural perspective. The company aims to deliver significant infrastructure and economic benefits to Northwestern Ontario while ensuring respect and protection for the environment.
First Mining Gold Corp. (TSX:FF)(OTCQX:FFMGF) has announced new high-grade gold discoveries at its Birch-Uchi Greenstone Belt Exploration Project in Ontario, Canada. The 2024 follow-up field program at the Challenger target, located 12 km southwest of the company's Springpole Gold Project, has yielded four new gold occurrences with visible gold in grab and channel samples. Highlights include:
- Channel samples grading up to 6.53 g/t Au over 3 m (including 57.8 g/t Au over 0.3 m)
- Grab samples assaying up to 26.6 g/t Au, 20.3 g/t Au, and 7.73 g/t Au
- Expansion of the mineralization footprint from the original 2023 discovery area
- Identification of a new parallel trend called 'Charger'
The company believes these results demonstrate the district-scale potential around its flagship Springpole Gold Project, which is currently in the environmental assessment process.
First Mining Gold Corp. (TSX: FF) (OTCQX: FFMGF) reported its Q2 2024 financial results, highlighting key developments across its projects. At Springpole, the company advanced environmental assessment work, aiming to submit the final EIS/EA in 2024. In the Birch-Uchi area, First Mining completed a 3-year option agreement on the Swain Lake property and initiated mapping and prospecting programs. At Duparquet, the company completed a Phase 2 winter drilling program and commenced a 9,000-metre Phase 3 program, reporting multiple high-grade gold zones. Notably, First Mining closed an upsized flow-through financing of approximately $7 million to fund exploration in Ontario and Quebec. As of June 30, 2024, the company's cash and current investments balance stood at $13.2 million, with an additional $21.5 million in equity interest in PC Gold Inc.
First Mining Gold Corp. (TSX: FF, OTCQX: FFMGF, FRANKFURT: FMG) has released its third annual Environmental, Social, and Governance (ESG) Report for the year 2023. The report adheres to the Sustainability Accounting Standards Board (SASB) guidelines, highlighting the company's commitment to sustainable practices, ethical conduct, and transparent governance.
Key achievements include zero recordable injury cases, 174 hours of health and safety training, 43% of full-time employees being female, and 19% identifying as Indigenous. The company also completed local Caribou and Wolverine habitat assessments and invested over $4.7 million in local goods and services, including $1.3 million in support for Indigenous communities.
CEO Dan Wilton emphasized collaborative efforts at the Springpole and Duparquet Gold Projects, focusing on community engagement and environmental assessments. The full ESG Report can be accessed at the company's website.
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