First Mining Defines New Gold Zone with 6.52 g/t Au over 4.6 Metres in Initial Drilling Campaign at the Duparquet Gold Project
- Confirmation of a new gold zone at the Duparquet Gold Project
- Intercepts of 6.52 g/t Au over 4.6 m and 1.19 g/t Au over 10.4 m
- Validation of wireframes for the existing resource
- None.
"These first drill holes have now confirmed a new modeled gold zone at the Duparquet Gold Project," stated Dan Wilton, CEO of First Mining. "With further drilling to continue, First Mining is well positioned to continue advancing this strategically important project located in the prolific Abitibi Greenstone Belt. The ongoing drilling success at
Drilling Highlights:
- Initial drilling campaign at the Duparquet Project since acquisition confirms new gold zone
- "Buzz Zone" intercepts of 6.52 g/t Au over 4.6 m, 1.19 g/t Au over 10.4 m, 4.94 g/t Au over 1.0 m and 2.16 g/t Au over 1.5 m
- Additional intercepts in areas of geologic and wireframe validation which include 8.70 g/t Au over 3.3 m and 3.47 g/t Au over 7.75 m
- Continued demonstration of a sizeable and growth-enabled gold system in one of
Canada 's largest undeveloped gold projects
Table 1: Selected Significant Drill Intercept Results at Buzz Zone
Hole ID | From | To (m) | Length | Grade | Target | |
DUP23-002 | 450.8 | 455.4 | 4.60 | 6.52 | Buzz | |
inc. | 452.6 | 454.4 | 1.80 | 12.82 | Buzz | |
inc. | 453.5 | 454.4 | 0.90 | 18.60 | Buzz | |
and | 582.0 | 592.4 | 10.40 | 1.19 | Buzz | |
inc. | 587.8 | 588.5 | 0.70 | 3.97 | Buzz | |
DUP23-003 | 659.0 | 660.0 | 1.00 | 4.94 | Buzz | |
and | 715.5 | 717.0 | 1.50 | 2.16 | Buzz |
*Reported intervals are drilled core lengths (true widths are estimated at 75 |
The Phase I drilling program commenced in May 2023 and is focused on validating, de-risking and unlocking exploration opportunities at the Duparquet Project, which has seen limited exploration since 2013. First Mining's initial campaign is the first to be conducted within its newly consolidated and wholly owned mineral tenure at
The newly modeled "Buzz Zone" occurs immediately south of the existing
* Details of the Duparquet Gold Project mineral resource can be found in the technical report entitled "NI 43-101 Technical Report and Mineral Resource Estimate Update for the Duparquet Project, |
Buzz Target
The Buzz target is located immediately south of the current resource wireframes at First Mining Gold's Duparquet Deposit (see Figure 1, Figure 2). The Buzz Zone is a resource expansion target which is hosted within interpreted splay(s) off the prolific Destor Porcupine Fault Zone located in the Abitibi Greenstone Belt.
The mineralization at
The second hole of the Phase I drill program, DUP23-002, was aimed at validating current mineralized resource wireframes and geological models while testing the Buzz Zone, a target previously underexplored due to the proximity of the historical boundary between the
The third hole of the program, DUP23-003, located 230 m to the east of DUP23-002, intersected mineralization below the current resource with a potential for wireframe extension of up to 75 m, including a significant intercept of 3.47 g/t Au over 7.75 m from 378.85 m to 386.60 m. DUP23-003 also drill tested the Buzz Zone and returned 4.94 g/t Au over 1.0 m from 659.0 m to 660.0 m, and 2.16 g/t Au over 1.50 m from 715.5 m to 717.0 m, hosted within brecciated lithologies. Initial interpretation of the target intercept provides a positive vector at depth for a favourable host setting within the conventionally targeted syenite, approximately 100 m vertically deeper.
2023 Duparquet Drilling Program
First Mining commenced a foundational drilling program in May 2023 with an initial 5,000 m drilling campaign that is focusing on the advancement of newly defined targets, as well as validating and expanding on resource growth and optimization opportunities.
The first three holes in the Phase I 5,000 m drilling program were aimed at validating the historical modelled mineralization and testing opportunities to extend the mineralization at depth and along strike. The Phase I program is also aiming to unlock exploration opportunities immediately surrounding the mineral resource, as well as at targeted areas that were identified from integrating datasets from the recently consolidated land tenure, which was historically underexplored and demonstrates potential to add additional mineral resources around the project (Figure 3).
Other drill targets tested by First Mining include drilling around the historical Beattie mine, where there is still significant opportunity for validation and extension at depth.
Drill hole DUP23-001 targeted the depth extension of the mineralization at the contact of the Beattie syenite and mafic volcanics. Two of the interpreted wireframes were intersected along the southern half of the Beattie Syenite. The hole intersected silicified, fine-grained syenite containing 0.5
Significant assay results from the Duparquet Gold Project drilling program are reported below in Table 2, and drill locations are provided in Table 3.
Results from the current drilling validate the existing resource model, having intersected gold mineralization within the pit shell and interpreted wireframes. The drilling results also confirm that the interpreted wireframes have continuity at depth and that significant new gold mineralization exists to the south, beyond the limits of the current mineral resource estimate.
The Company's exploration strategy at
"We are looking forward to completing our Phase I drilling campaign and launching into the next round of drilling in the fall of 2023, with an improved understanding of the resource and the brownfields opportunities at
Table 2: Significant Drill Intercept Results at Duparquet Gold Project
Hole ID | From (m) | To (m) | Length | Grade | Target | |
DUP23-001 | 259.50 | 264.55 | 5.05 | 2.28 | Beattie | |
and | 365.20 | 375.00 | 9.80 | 0.96 | Beattie | |
DUP23-002 | 44.00 | 47.00 | 3.00 | 0.96 | Beattie | |
and | 106.00 | 112.30 | 6.30 | 2.72 | Beattie | |
and | 125.75 | 146.00 | 20.25 | 0.74 | Beattie | |
and | 354.00 | 357.30 | 3.30 | 8.70 | Beattie | |
inc. | 354.00 | 355.00 | 1.00 | 18.80 | Beattie | |
and inc. | 356.30 | 357.30 | 1.00 | 9.20 | Beattie | |
and | 420.00 | 432.00 | 12.00 | 0.94 | Beattie | |
and | 450.80 | 455.40 | 4.60 | 6.52 | Buzz | |
inc. | 452.60 | 454.40 | 1.80 | 12.82 | Buzz | |
and inc. | 453.50 | 454.40 | 0.90 | 18.60 | Buzz | |
and | 582.00 | 592.40 | 10.40 | 1.19 | Buzz | |
inc. | 587.80 | 588.50 | 0.70 | 3.97 | Buzz | |
DUP23-003 | 60.50 | 65.50 | 5.00 | 6.08 | Beattie | |
inc. | 60.50 | 61.50 | 1.00 | 11.80 | Beattie | |
and inc. | 63.50 | 64.50 | 1.00 | 15.00 | Beattie | |
and | 136.00 | 158.40 | 22.40 | 1.09 | Beattie | |
inc. | 137.80 | 138.30 | 0.50 | 13.10 | Beattie | |
and | 266.20 | 267.00 | 0.80 | 7.07 | Beattie | |
and | 378.85 | 386.60 | 7.75 | 3.47 | Beattie | |
inc. | 380.30 | 382.00 | 1.70 | 10.79 | Beattie | |
and | 659.00 | 660.00 | 1.00 | 4.94 | Buzz | |
and | 715.50 | 717.00 | 1.50 | 2.16 | Buzz |
*Reported intervals are drilled core lengths (true widths are estimated at 75 |
Table 3: Drill Hole Locations, Duparquet Gold Project
Hole ID | Azimuth | Dip | Length | Easting | Northing | Target |
DUP23-001 | 175 | 63 | 507 | 630445 | 5374387 | Beattie |
DUP23-002 | 175 | 55 | 645 | 631053 | 5374400 | Beattie and Buzz |
DUP23-003 | 180 | 60 | 750 | 631307 | 5374429 | Beattie and Buzz |
Note: Collar coordinates in UTM NAD 83 z17 |
About the Duparquet Gold Project
The Duparquet Project is geologically situated in the southern part of the Abitibi Greenstone Belt and is geographically located approximately 50 km north of the city of
Analytical Laboratory and QA/QC Procedures
All sampling completed by First Mining within its exploration programs is subject to a Company standard of internal quality control and quality assurance (QA/QC) programs which include the insertion of certified reference materials, blank materials and a level of duplicate analysis. Core samples from the 2023 drilling program were sent to AGAT Laboratories in
Qualified Person
Louis Martin, P.Geo., Senior Geologic Consultant of First Mining, is a "Qualified Person" for the purposes of NI 43-101 Standards of Disclosure for Mineral Projects, and has reviewed and approved the scientific and technical disclosure contained in this news release.
About First Mining Gold Corp.
First Mining is a gold developer advancing two of the largest gold projects in
First Mining was established in 2015 by Mr. Keith Neumeyer, founding President and CEO of First Majestic Silver Corp.
ON BEHALF OF FIRST MINING GOLD CORP.
Daniel W. Wilton
Chief Executive Officer and Director
Cautionary Note Regarding Forward-Looking Statements
This news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian and
Forward-looking statements in this news release relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events. All forward-looking statements are based on First Mining's or its consultants' current beliefs as well as various assumptions made by them and information currently available to them. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Such factors include, without limitation the Company's business, operations and financial condition potentially being materially adversely affected by the outbreak of epidemics, pandemics or other health crises, such as COVID-19, and by reactions by government and private actors to such outbreaks; risks to employee health and safety as a result of the outbreak of epidemics, pandemics or other health crises, such as COVID-19, that may result in a slowdown or temporary suspension of operations at some or all of the Company's mineral properties as well as its head office; fluctuations in the spot and forward price of gold, silver, base metals or certain other commodities; fluctuations in the currency markets (such as the Canadian dollar versus the
First Mining cautions that the foregoing list of factors that may affect future results is not exhaustive. When relying on our forward-looking statements to make decisions with respect to First Mining, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. First Mining does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by the Company or on our behalf, except as required by law.
Cautionary Note to United States Investors
The Company is a "foreign private issuer" as defined in Rule 3b-4 under the United States Securities Exchange Act of 1934, as amended, and is eligible to rely upon the
Technical disclosure contained in this news release has not been prepared in accordance with the requirements of
NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning the issuer's material mineral projects.
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SOURCE First Mining Gold Corp.
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