Metals and Mining
Company Overview of First Mining Finance Corp.
First Mining Finance Corp. engages in the acquisition, exploration, evaluation, and development of mineral properties. It primarily explores for gold, silver, lead, zinc, and copper deposits. The company holds interests in 25 mineral properties located in Canada, Mexico, and the United States. Its flagship property is the Springpole Gold project covering 32,375 hectares located in northwestern Ontario, Canada. The company is headquartered in Vancouver, Canada.
925 West Georgia Street
Vancouver, BC V6C 3L2
Key Executives for First Mining Finance Corp.
Chief Executive Officer and Director
Total Annual Compensation: C$208.6K
Total Annual Compensation: C$158.9K
Exploration Manager of Latin America
Total Annual Compensation: C$239.0K
Compensation as of Fiscal Year 2015.
First Mining Finance Corp. Key Developments
First Mining Finance Corp. Reports Initial Gold Resource Estimate for the Goldlund Project in Northwestern Ontario
Jan 9 17
First Mining Finance Corp. announced the release of an initial Resource estimate for its Goldlund Gold Project located near the town of Sioux Lookout in northwestern Ontario. The company assumed control of the Goldlund project through its amalgamation with Tamaka Gold Corporation on June 17, 2016. The Resource estimate was prepared by WSP Canada Inc. of Sudbury, Ontario and has an effective date of September 20, 2016. At a 0.4 g/t Au cut-off grade, the Goldlund deposit contains pit constrained Indicated Resources of 9.3 million tonnes at 1.87 grams per tonne or 560,000 ounces of gold. At a 0.4 g/t Au cut-off grade, the Goldlund deposit contains pit constrained Inferred Resources of 40.9 million tonnes at 1.33 grams per tonne or 1,750,000 ounces of gold. The Company expects to commence a 27,000 metre drilling campaign at Goldlund by the end of January 2017. The goal of the drilling campaign is to upgrade and expand the Mineral Resources at the Goldlund deposit. The Goldlund deposit is situated within a land package of approximately 280 square kilometres (28,000 hectares) referred to as the Goldlund Gold Project (the "Property"). The Property has a strike-length of over 50 kilometres in the Wabigoon Subprovince. Goldlund is an Archean lode-gold project located in northwestern Ontario, approximately 60 kilometres from the township of Dryden. The claims that make up the land package cover the historic Goldlund and Windward mines, which are currently owned by First Mining through its wholly-owned subsidiary, Tamaka. The Goldlund deposit is currently defined by surface and underground diamond drilling, together with underground development.
First Mining Finance Corp Provides Corporate and Exploration Update
Dec 1 16
First Mining Finance Corp. announced an update of its current exploration and corporate activities and to provide some guidance for its proposed activities in 2017. At the Springpole Gold Project in northern Ontario the Company has completed its fall metallurgical drilling program in which four drill holes were completed comprising 1,712 metres. The intent of the metallurgical testing program is to determine the optimal grind size
and processing flow sheet so as to maximize metallurgical recoveries. Assay results from the drill holes are expected to be released in early 2017 and the results from the metallurgical testing program are expected to be incorporated into a new Preliminary Economic Assessment ("PEA") for the Springpole project which is expected to be released during the first half of 2017. Drilling has also been completed at the Pickle Crow Gold Project, also located in northern Ontario, in which nine drill holes were completed comprising 1,319 metres. The intent of this drilling campaign is to test the strike extent of Pickle Crow's Core Mine Trend and the Western Extension of the Core Mine Trend. Samples from the drilling program have been extracted with assay results expected to be available in early 2017. Recently, the Company's Board of Directors approved a CAD 21 million exploration and development budget for 2017, including 47,000 metres of infill and exploration drill programs to advance the Company's Canadian priority assets.
First Mining Finance Corp. Presents at Mines and Money London 2016, Nov-29-2016 02:40 PM
Nov 25 16
First Mining Finance Corp. Presents at Mines and Money London 2016, Nov-29-2016 02:40 PM. Venue: Islington Business Design Centre, 14-22 Coleman Fields, London N1 7AD, United Kingdom. Speakers: Patrick Michael Donnelly, President.
Similar Private Companies By Industry
Recent Private Companies Transactions