June 24, 2018 5:49 AM ET

Metals and Mining

Company Overview of First Mining Gold Corp.

Company Overview

First Mining Gold Corp. develops and explores for gold projects in North America. The company also explores for copper and iron ore deposits. Its portfolio consists of 25 projects covering an area of approximately 300,000 hectares located in Eastern Canada, Mexico, and the United States. The company was formerly known as First Mining Finance Corp. and changed its name to First Mining Gold Corp. in January 2018. First Mining Gold Corp. is headquartered in Vancouver, Canada.

1800-925 West Georgia Street

Vancouver, BC V6C 3L2

Canada

19 Employees

Phone:

844-306-8827

Key Executives for First Mining Gold Corp.

Exploration Manager of Latin America
Age: 58
Total Annual Compensation: C$123.6K
Compensation as of Fiscal Year 2016.

First Mining Gold Corp. Key Developments

First Mining Gold Corp. Commences Exploration Drilling At Goldlund Gold Project

First Mining Gold Corp. announced the commencement of a regional exploration diamond drilling campaign at the company's wholly-owned Goldlund Gold Project in northwestern Ontario. The drill program is designed to test the extension of the known mineralized trend approximately 10 kilometres northeast of the mineralized material of the current resource area. The drilling program will focus on showings at the Miller and Eaglelund targets and will include approximately 13 holes totaling 1,850 metres. The primary objective for this summer's program is to verify historical sampling and drilling results, outline new resources and demonstrate the potential of the northeastern section of the Goldlund land package. The company completed regional mapping and surface grab sampling on the property prior to this drilling program. The grab samples collected from the Miller showing returned assays from 0.3 grams per tonne gold to 4.9 grams per tonne gold.

First Mining Gold Corp Announce Commence Metallurgical Study on the Springpole Gold Project Located in Northwestern Ontario

First Mining Gold Corp. announced that it has commenced a metallurgical study on the Company's Springpole Gold Project ("Springpole") located in northwestern Ontario, and it has selected M3 Engineering and Technology Corporation ("M3") to lead this study. The primary purpose of this metallurgical study is to determine the optimal flow sheet for Springpole. M3 will supervise the design and execution of the test work program, and the results from the study are expected to be incorporated into the preparation of a Pre-Feasibility Study ("PFS") for Springpole, expected to be completed in 2019. A secondary focus of the study is to attempt to improve the recovery of gold for the current whole-ore Carbon-in-Pulp ("CIP") flowsheet developed in the 2017 Preliminary Economic Assessment ("PEA") as well as optimize recovery for the flotation flowsheet being investigated. M3 is a full-service international engineering firm providing engineering, procurement and construction management services to the minerals industry. Founded in 1986, M3 has engineered and managed the construction of over $5.0 billion in mining projects and has won numerous awards, including two dozen prestigious awards from 2005 to 2016 including several Awards of Excellence in structural engineering and the American Mining Hall of Fame's 2007 Mining Foundation of the Southwest Industry Partnership Award. The PEA for Springpole, which was completed in October 2017, contemplated a whole-ore CIP flowsheet; however, the Company will continue investigation of a flotation process with leaching of the flotation concentrate. While whole-ore CIP was demonstrated as an appropriate process in prior test work, the flotation route, if deemed feasible, could potentially result in savings in both operating and capital costs, as well as improved recovery.

First Mining Gold Corp. Announces Drilling Results from its Goldlund Gold Project

First Mining Gold Corp. announced fourth set of Phase 2 infill drilling results, comprising 11 drill holes, from its diamond drill program within Zone 1 at First Mining's 100% owned Goldlund Gold Project, located near the town of Sioux Lookout in northwestern Ontario, Canada. The Company is now planning to move forward with the next phase of its 2018 exploration programs, which will include mapping, sampling and drilling of the northeastern and southwestern extents of the known strike length on the Goldlund property. This summer, First Mining plans to conduct an exploration drill campaign in these areas of approximately 14 holes for 2,000 metres of diamond drilling. 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. 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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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 11, 2017
Satterly Lake Claims, Totaling 2,368 Hectares Adjacent to Western Edge of Springpole Gold Project
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