First Mining Gold Corp 6-K, filed Mar 24, 2020
First Mining Gold Corp. (FFMGF)
6-K
2020-03-24
For: 2020-03-24
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Added on
April 07, 2026
About this 6-K
First Mining Gold Corp filed this 6-K on March 24, 2020.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN
PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
For the month of
March 2020
Commission File Number: 000-55607
First Mining Gold
Corp.
(Translation of registrant's name into English)
(Translation of registrant's name into English)
Suite
2070, 1188 West Georgia Street, Vancouver, B.C., V6E
4A2
(Address of principal executive office)
(Address of principal executive office)
Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form
40-F.
Form 20-F [ ]
Form 40-F [ X ]
Indicate by check mark if the registrant is
submitting the Form 6-K in paper as permitted by Regulation S-T
Rule 101(b)(1): [ ]
SUBMITTED
HEREWITH
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Exhibits
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Press Release dated March 24,
2020
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SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned, thereunto duly
authorized.
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First Mining Gold
Corp.
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(Registrant)
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Date: March 24, 2020
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/s/ Samir
Patel
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Samir Patel
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General Counsel and Corporate
Secretary
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Exhibit 99.1
NEWS RELEASE
First Mining Temporarily Suspends Operations in
Ontario
and Provides COVID-19 Response
March 24, 2020 – Vancouver, BC – First Mining Gold
Corp. (“First Mining” or the
“Company”) (TSX: FF) (OTCQX: FFMGF) (FRANKFURT:
FMG) announced today that it has commenced the demobilization of
employees and contractors at its 100%-owned Springpole Gold Project
(“Springpole”) and its 100%-owned Goldlund Gold Project
(“Goldlund”), both located in northwestern
Ontario.
To
date, First Mining has not had any cases of COVID-19 at its camp
operations or its head office in Vancouver. The health and safety
of First Mining’s workforce, their families and the
communities in which the Company operates remains First
Mining’s number one concern. In the interests of the health
and well-being of our employees, contractors, visitors to our
office and operations, and the families of all such persons, First
Mining has also implemented a work from home policy for its
employees until further notice. First Mining is committed to fully
supporting safety measures for our workforce, families and
communities.
At
Springpole, the Company demobilized one of its two drill crews last
weekend. In order to ensure the health and safety of all its
employees the Company had intended to complete the current shift
rotation while limiting access to site for any new individuals.
Work at site was nearing completion ahead of a planned reduction in
on-site activities until after the spring ice break-up. However,
due to the current environment, First Mining has decided to
demobilize the remaining contractors and staff and keep Springpole
on care and maintenance until it is able to restart its work
programs planned for later in the spring and summer of
2020.
At
Goldlund, drill crews have been demobilized. Given the significant
amount of drilling that has taken place at Goldlund this year
(approximately 4,900 metres), this will allow First Mining’s
geology team to receive assays and interpret results before
planning the remainder of the 2020 drill program.
Management
will continue to monitor the COVID-19 situation and adjust plans as
the situation evolves. First Mining thanks our workforce, partners
and all stakeholders for their understanding and support, and looks
forward to resuming field operations as soon as
possible.
As of
March 6, 2020, after completing its latest financing, First Mining
had cash and cash equivalents of approximately $12
million.
Qualified Person
Hazel
Mullin, P.Geo., Director, Data Management and Technical Services of
First Mining, is a “Qualified Person” for the purposes
of NI 43-101, and she has reviewed and approved the scientific and
technical disclosure contained in this news release.
About First Mining Gold Corp.
First
Mining Gold Corp. is a Canadian-focused gold exploration and
development company advancing a large resource base of 7.4 million
ounces of gold in the Measured and Indicated categories and 3.8
million ounces of gold in the Inferred category. First
Mining’s primary focus is the development and permitting of
its Springpole Gold Project and the advanced exploration of its
Goldlund Gold Project, both located in northwestern Ontario.
Springpole is one of the largest undeveloped gold assets in Canada,
with permitting and a Pre-Feasibility Study underway. Goldlund is
an advanced exploration stage asset where drilling in 2020 is
planned to define both the extension of the existing resource area
and to better define the regional scale potential. First
Mining’s eastern Canadian property portfolio also includes
Cameron, Pickle Crow, Hope Brook, Duparquet, Duquesne, and
Pitt.
First
Mining was created 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
For further information, please contact:
Mal
Karwowska |
Vice President, Corporate Development & Investor
Relations
Direct:
604.639.8824 | Toll Free:
1.844.306.8827 | Email:
info@firstmininggold.com
www.firstmininggold.com
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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 United States securities
legislation including the United States Private Securities
Litigation Reform Act of 1995. These forward-looking statements are
made as of the date of this news release. Forward-looking
statements are frequently, but not always, identified by words such
as "expects”, "anticipates”, "believes”,
“plans”, “projects”, "intends”,
"estimates”, “envisages”, "potential”,
"possible”, “strategy”, “goals”,
“objectives”, or variations thereof or stating that
certain actions, events or results "may", "could", "would", "might"
or "will" be taken, occur or be achieved, or the negative of any of
these terms and similar expressions.
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 and
include, but are not limited to, statements with respect to: (i)
the timeframe for the suspension of operations at Springpole and
Goldlund, and for Springpole being kept on care and maintenance;
(ii) the timeframe for the Company’s work from home policy;
(iii) the timing for the receipt of outstanding assays for Goldlund
and the interpretation of the results of such assays; (iv) the
timeframe of the COVID-19 pandemic and the potential for plans to
be adjusted further as the situation evolves; (v) the
Company’s primary focus on developing and permitting
Springpole and the advanced exploration of its Goldlund Gold
Project; and (vi) realizing the value of the Company’s gold
projects for the Company’s shareholders. 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. Many factors, both
known and unknown, could cause actual results, performance or
achievements to be materially different from the results,
performance or achievements that are or may be expressed or implied
by such forward-looking statements and the parties have made
assumptions and estimates based on or related to many of these
factors. 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 U.S. dollar); changes in national and local government,
legislation, taxation, controls, regulations and political or
economic developments; risks and hazards associated with the
business of mineral exploration, development and mining (including
environmental hazards, industrial accidents, unusual or unexpected
formations, pressures, cave-ins and flooding); the presence of laws
and regulations that may impose restrictions on mining;
employeerelations; relationships with and claims by local
communities, indigenous populations and other stakeholders;
availability and increasing costs associated with mining inputs and
labour; the speculative nature of mineral exploration and
development; title to properties.; and the additional risks
described in the Company’s Annual Information Form for the
year ended December 31, 2018 filed with the Canadian securities
regulatory authorities under the Company’s SEDAR profile at
www.sedar.com, and in the Company’s Annual Report on Form
40-F filed with the SEC on EDGAR.
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
This news release has been prepared in accordance with the
requirements of the securities laws in effect in Canada, which
differ from the requirements of U.S. securities laws. Unless
otherwise indicated, all resource and reserve estimates included in
this news release have been prepared in accordance with NI 43-101
and the Canadian Institute of Mining, Metallurgy, and Petroleum
2014 Definition Standards on Mineral Resources and Mineral
Reserves. NI 43-101 is a rule developed by the Canadian Securities
Administrators which establishes standards for all public
disclosure an issuer makes of scientific and technical information
concerning mineral projects. Canadian standards, including NI
43-101, differ significantly from the requirements of the SEC, and
mineral resource and reserve information contained herein may not
be comparable to similar information disclosed by U.S. companies.
In particular, and without limiting the generality of the
foregoing, the term "resource” does not equate to the term
"reserves”. Under U.S. standards, mineralization may not be
classified as a "reserve” unless the determination has been
made that the mineralization could be economically and legally
produced or extracted at the time the reserve determination is
made. The SEC's disclosure standards normally do not permit the
inclusion of information concerning "measured mineral
resources”, "indicated mineral resources” or "inferred
mineral resources” or other descriptions of the amount of
mineralization in mineral deposits that do not constitute
"reserves” by U.S. standards in documents filed with the SEC.
Investors are cautioned not to assume that any part or all of
mineral deposits in these categories will ever be converted into
reserves. U.S. investors should also understand that "inferred
mineral resources” have a great amount of uncertainty as to
their existence and great uncertainty as to their economic and
legal feasibility. It cannot be assumed that all or any part of an
"inferred mineral resource” will ever be upgraded to a higher
category. Under Canadian rules, estimated "inferred mineral
resources” may not form the basis of feasibility or
pre-feasibility studies except in rare cases. Investors are
cautioned not to assume that all or any part of an "inferred
mineral resource” exists or is economically or legally
mineable. Disclosure of "contained ounces” in a resource is
permitted disclosure under Canadian regulations; however, the SEC
normally only permits issuers to report mineralization that does
not constitute "reserves” by SEC standards as in-place
tonnage and grade without reference to unit measures. The
requirements of NI 43-101 for identification of "reserves”
are also not the same as those of the SEC, and reserves reported by
the Company in compliance with NI 43-101 may not qualify as
"reserves” under SEC standards. Accordingly, information
concerning mineral deposits set forth herein may not be comparable
with information made public by companies that report in accordance
with U.S. standards.
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