First Mining Gold Corp 6-K, filed Mar 30, 2020
First Mining Gold Corp. (FFMGF)
6-K
2020-03-30
For: 2020-03-30
View Original
Added on
April 07, 2026
About this 6-K
First Mining Gold Corp filed this 6-K on March 30, 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
|
Exhibits
|
|
|
|
|
|
|
|
|
Press Release dated March 30,
2020
|
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.
|
|
|
First Mining Gold
Corp.
|
|
|
|
(Registrant)
|
|
|
|
|
|
|
|
|
|
Date: March 30, 2020
|
|
/s/ Samir
Patel
|
|
|
|
Samir Patel
|
|
|
|
General Counsel and Corporate
Secretary
|
|
|
|
|
Exhibit
99.1
NEWS RELEASE
First Mining Provides an Exploration Update for the Pickle Crow
Gold Project
Multiple Walk-Up Drill Targets Identified by Auteco; Drilling
Campaign to Start in Late May
March 30, 2020 – Vancouver, BC – First Mining Gold
Corp. (“First Mining” or the
“Company”) (TSX: FF) (OTCQX: FFMGF) (FRANKFURT:
FMG) is pleased to provide an exploration update on its Pickle Crow
Gold Project (“Pickle Crow” or the
“Project”) located in Ontario, Canada. Auteco Minerals
Ltd (“Auteco”) (ASX: AUT), First Mining’s partner
on Pickle Crow, is advancing the Project and may earn up to an 80%
interest in the Company’s wholly-owned subsidiary PC Gold
Inc. (“PC Gold”), which owns the Project.
Auteco
has announced that they have commenced field activities, data
compilation and resource modelling, and are currently anticipating
minimal impact on their 2020 field objectives from the developing
COVID-19 situation. Auteco’s review of the available
historical drill core has identified multiple shallow, drill-ready,
regional targets associated with four major mineralized shear zones
within the Project area. Cumulatively, there are more than 110
kilometres of underexplored strike on the structures which are
prospective for high-grade orogenic gold.
Auteco
intends to commence its first diamond drilling campaign at Pickle
Crow, totalling 5,000 metres, in late May, and plans to test high
potential, walk-up targets regionally and in the surrounding mine
area. Auteco also expects to complete a JORC 2012 compliant
resource update for Pickle Crow in early Q2. This resource update
by Auteco will incorporate their geological review and will focus
on the high-grade, underground mineable resource areas at the
Project.
Dan
Wilton, CEO of First Mining, stated “We are excited that our
partner for Pickle Crow, Auteco, is driving forward with
exploration at Pickle Crow. The Project is benefiting from a
renewed look by the strong technical team at Auteco, including a
new geological review. The work the Auteco team is doing provides
an opportunity for a better understanding of Pickle Crow’s
potential, and we look forward to their first set of drill results
on the Project this summer.”
Auteco’s
Executive Chairman, Ray Shorrocks, commented “Auteco intends
to commence an initial shallow 5,000 metre diamond drill program in
late May, targeting shallow, high-grade, walk-up drill targets to
bring further resource areas into JORC compliance. At the same
time, Auteco geologists have been working to integrate regional
datasets and, in the process, have identified multiple, high-grade
and drill ready regional targets, related to four major structures
with more than 110 kilometres of prospective strike. Work is
continuing across the 320 km2 (32,000 ha) project
area with geological, structural and geophysical reviews ongoing to
be followed up with targeting, on-ground testing and drilling in
the coming field season.”
The
four major mineralized shear zones identified by Auteco within the
Project area are regional scale structures that formed the conduits
for gold mineralization in the Pickle Lake Greenstone Belt. The
structures include the Core Mine Shear Zone (where the
past-producing Pickle Crow, Central Patricia and Dona Lake Gold
mines are situated), as well as the less explored Tarp Lake,
Cohen-MacArthur and East Pat Shear Zones. A map showing these
regional shear zones can be viewed here.
●
Tarp Lake: The regional scale shear zone, which
trends north-northeast and extends more than 20 kilometres through
the western edge of the Project tenements, has limited historical
drilling over the 14 kilometres of identified strike length with
three main target areas identified. Historical drill results from
the Tarp Lake Target on this shear zone include 1.5 g/t gold over
36.0 metres (from 158 metres in TL-29), 7.2 g/t gold over 4.6
metres (from 76.9 metres in GPT-90-12) and 4.4 g/t gold over 5.2
metres (from 246.6 metres in CGR91-15). At the Metcalf Target,
historical drill results included 74.4 g/t gold over 1.8 metres
(from 164 metres in S-18) and 28.5 g/t gold over 1.8 metres (from
114.3 metres in S-11).
●
Core Mine Shear: This
zone hosts the past-producing Pickle Crow mine. In addition to the
historical mine, multiple high-grade gold targets have been
identified. These include the Springer Shaft Target, F Vein Target
and SW Powderhouse Target. At the Springer Shaft Target, reported
historical gold production amounted to 13,000 ounces at 24 g/t
gold. Unmined drill intersections include 36.6 g/t gold over 1.7
metres (from 15.1 metres in CPSH-88-01) and 69.4 g/t gold over 0.8
metres (from 16.1 metres in CPSH-88-03). At the F Vein Target,
historical drill results include 9.3 g/t gold over 4.6 metres (from
27.1 metres in CP-88-92) including 21.4 g/t gold over 2.4 metres.
The SW Powderhouse Target includes historical drill results of 7.3
g/t gold over 6.1 metres (from 86.6 metres in PL04-26) and 11.1 g/t
gold over 3.0 metres (from 119.62 metres in PL04-29).
●
Cohen-MacArthur Shear:
This zone has been observed on surface and in diamond drill core
and has been identified as a 50-metre-wide high strain zone with
coincident, intense ankerite-sericite alteration and
quartz-carbonate veining. Due to subdued topography and glacial
till covering most of the strike length, limited exploration of
second order structures has been completed. However, drilling
around outcropping mineralization has identified two target areas:
MacArthur and Kawinogans. The MacArthur target includes historical
drill results of 1.5 g/t gold over 14.3 metres (from 30.5 metres in
PC-10-067) and the Kawinogans target includes historical drill
results of 1.4 g/t gold over 23.5 metres (from 196 metres in
PC-10-092).
●
East Pat Shear: This
zone has been underexplored due to subdued topography and glacial
till cover. It was identified and drilled by First Mining’s
predecessor, PC Gold, in 2010 in the East Pat Target area. Drill
results from this area included 2.2 g/t gold over 35.7 metres (from
214.5 metres in PC-10-108) and 7.7 g/t gold over 6.0 metres (from
232 metres in PC-11-145).
1
Pickle
Crow is one of Canada’s highest-grade historical gold mines.
It operated from 1935 until 1966, during which time it reportedly
produced almost 1.5 million ounces of gold at an average grade of
16.14 g/t. The property consists of ~190 km2 (19,000 hectares) of
tenure covering a major gold province. Auteco recently increased
its landholding near the Project by staking an additional 130
km2 (13,000 ha) of
land contiguous to Pickle Crow, thereby increasing the combined
property’s land package to over 320 km2 (32,000 ha) (see
news release dated February 18th,
2020). First Mining acquired the Project in November
2015 through its acquisition of PC Gold
Inc.
There
has been limited exploration on the Property subsequent to when
mining ceased in 1966, with the latest exploration focused on
development of remnant resources in proximity to the old mine
infrastructure. Auteco’s development focus is on returning to
first principles, completing a new geological review and applying
modern exploration technologies in their advancement of the
Project. Auteco has a strong focus on discovering and developing
new project scale, high-grade, near surface gold
resources.
Additional Details
A map
showing the location of Pickle Crow and regionally significant
projects can be viewed at:
http://www.firstmininggold.com/_resources/maps/2020_03-FF-Pickle-Crow-Regional-Map.jpg.
A map
showing the identified regional shear zones within the Project
tenement area can be viewed at:
http://www.firstmininggold.com/_resources/maps/2020_03-FF-Pickle-Crow-Shear-Zones.jpg.
An
inset map showing the various targets within the Project tenement
area can be viewed at:
http://www.firstmininggold.com/_resources/maps/2020_03-FF-Pickle-Crow-Targets.jpg.
About Auteco
Auteco
Minerals Limited (ASX: AUT) is an emerging mineral exploration
company currently focused on advancing high-grade gold resources at
the Pickle Crow Gold Project in Ontario, Canada. The Auteco Board
of Directors and technical management team has a proven track
record of discovering gold and creating wealth for shareholders and
all stakeholders in recent years.
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
2
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)
Auteco anticipating minimal impact from the developing COVID-19
situation on their 2020 field objectives for the Project; (ii)
timing for the commencement of Auteco’s first diamond
drilling campaign at the Project and the timing for assay results
from such drilling program; (iii) Auteco’s plans to test high
potential, walk-up targets regionally and in the surrounding mine
area at the Project; (iv) the completion of a JORC 2012 compliant
resource update for Pickle Crow in early Q2 (v) the JORC 2012
compliant resource update incorporating Auteco’s geological
review and focusing on the high-grade, underground mineable
resource areas at the Project Pickle Crow; (vi) the Company’s
primary focus on developing and permitting Springpole and the
advanced exploration of its Goldlund Gold Project; and (vii)
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; employee
relations; 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.
3