First Mining Gold Corp 6-K, filed Sep 29, 2020
First Mining Gold Corp. (FFMGF)
6-K
2020-09-29
For: 2020-09-29
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About this 6-K
First Mining Gold Corp filed this 6-K on September 29, 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
September 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): [ ]
DOCUMENTS FILED AS PART OF THIS FORM
6-K
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Exhibits
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Description
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Press Release dated September 29,
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: September 29, 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
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TSX: FF
OTCQX: FFMGF
FRANKFURT: FMG
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NEWS RELEASE
First Mining Announces Drill Results from its Pickle Crow Gold
Project
September 29, 2020 – Vancouver, Canada – First Mining
Gold Corp. (“First Mining” or the
“Company”) (TSX: FF) (OTCQX: FFMGF) (FRANKFURT:
FMG) is pleased to report initial results from the 2020 diamond
drill program currently underway at its Pickle Crow Gold Project
(“Pickle Crow” or the “Project”) located in
northwestern Ontario, Canada. Auteco Minerals Ltd
(“Auteco”) (ASX: AUT), First Mining’s partner on
Pickle Crow, is advancing the Project by completing a 45,000 metre
(“m”) drill program aimed at expediting resource growth
and testing multiple walk-up targets.
To
date, drilling has intersected high-grade gold mineralization in
numerous areas up to 250 m outside the current resource area, with
additional targets identified for further drilling in
2020.
Highlights:
●
Hole AUDD0017
intersected 99.35 grams per tonne gold (“g/t Au”) over
0.6 m
o
Including 181 g/t
Au over 0.3 m
●
Hole AUDD0019
intersected 19.64 g/t Au over 1.6 m
o
Including 59.5 g/t
Au over 0.5 m
●
Hole AUDD0013
intersected 24.45 g/t Au over 1.7 m
o
Including 122.0 g/t
Au over 0.3 m
“We
are excited with the initial results intersected by our
partner’s ongoing drill program”, stated Dan Wilton,
CEO of First Mining. “Auteco’s drill program at Pickle
Crow has shown initial success and continues to enlarge the areas
of known mineralization and highlight the Project’s resource
expansion potential.”
Auteco
commenced its maiden drilling program at Pickle Crow in May this
year. To date, nineteen holes totaling 4,464 m have been completed,
with assays returned for nine holes and partial assays for a
further six holes. Drilling has been successful in intersecting
shallow, high-grade mineralization and these results are being
followed up with an expanded 45,000 m resource definition and
discovery program now underway on site. A 24-person, all-season
camp has been established on site to support exploration
activities.
To
expedite resource growth and enable exploration step-outs, a third
drill rig will be mobilized in the coming weeks as part of the
expanded drilling program.
Exploration
efforts are currently focused on the definition of potential
additional resources within the ‘Core Trend’, which is
host to the current inferred resource and the historical mining and
infrastructure. Numerous walk-up drill targets ‘in the shadow
of the headframe’ have been identified from historical
drilling datasets, and the current drilling is adding geological
confidence to the significant historical intercepts to enable
conversion to JORC and NI 43-101 mineral resources.
Auteco
can earn up to an 80% interest in the Company’s wholly-owned
subsidiary PC Gold Inc. (“PC Gold”), which owns the
Project, and their aggressive drilling program is now fully funded
following its recent A$30.4m capital raising.
A plan
map showing the Pickle Crow mineralized trend, highlighting the
latest drill results and new identified zones of mineralization,
can be viewed at:
https://www.firstmininggold.com/_resources/news/2020-09-FF-Pickle-Crow-Drill-Results.pdf
1
Select
assay results from the first nineteen holes of the Auteco 2020
drill program are reported below.
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Hole ID
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From (m)
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To (m)
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Length (m)
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Au g/t
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AUDD0001
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61
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64.05
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3.05
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3.35
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AUDD0003
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124.4
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132
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7.6
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2.24
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including
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127.7
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132
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4.3
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3.36
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and
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137
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141.5
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4.5
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2.87
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AUDD0004
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292
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301
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9
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2.91
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AUDD0010
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43.7
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45.2
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1.5
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6.2
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and
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237.55
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241.9
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4.35
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2.31
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and
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261
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264
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3
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7.37
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AUDD0013
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95.7
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97.4
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1.7
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24.45
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including
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96
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96.3
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0.3
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122
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AUDD0014
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147
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151.5
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4.5
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1.75
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AUDD0015A
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377.5
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380.7
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3.2
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1.77
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AUDD0017
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167.4
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168
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0.6
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99.35
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including
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167.4
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167.7
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0.3
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181
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AUDD0019
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350.15
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355
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4.85
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4.4
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and
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372
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373.6
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1.6
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19.64
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including
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372.35
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372.85
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0.5
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59.5
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Notes:
● Assaying
for the Auteco drill program was completed by AGAT laboratories in
Thunder Bay, Ontario.
Prepared 30 g samples were analyzed for gold by lead fusion fire
assay with an atomic absorption spectrometry finish. Samples
greater than 5 g/t Au were reassayed by 50 g fire assay with
gravimetric finish. All samples greater than 0.2 g/t Au have
additionally been sent for pulp metallics (1000 g) with some
results still pending. Reported intervals for holes AUDD0001,
AUDD0003, AUDD0004 and AUDD0013 do not include all reassay results
as they are still pending as at the time of this news
release.
● Reported
widths are drilled core lengths; true widths are unknown at this
time
● Cut-off
grade of 1 g/t Au allowing for 1 m internal dilution
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A
complete list of the 2020 drill results to date, including hole
details, can be viewed at:
https://www.firstmininggold.com/_resources/news/2020-09-29-FF-NR-Auteco-2020-Drill-Results.pdf
Vein 5 Extension Discovery
o
1.7 m at 24.5 g/t
Au from 95.7 m in AUDD0013 (including 0.6 m at 65.2 g/t Au from 96
m and 0.3 m at 122.0 g/t Au from 96 m)
o
0.6 m at 99.4 g/t
Au from 167.4 m in AUDD0017 (including 0.3 m at 181.0 g/t Au from
167.4 m)
A 210 m
step-out to the ENE from the current Vein 5 wireframe resulted in
the shallow intersection of 1.7 m at 24.5 g/t Au in AUDD0013.
Multiple occurrences of visible gold from within the interval
provided encouragement for follow up drilling. A further four holes
have now been drilled with assays still pending.
Initial
assays have also been returned from AUDD0017, 80 m down dip from
AUDD0013, which intersected grades of up to 181.0 g/t Au within an
interval of 0.6 m averaging 99.35 g/t Au.
Mineralization
is associated with quartz-tourmaline-gold shear vein in
high-strain, sericite-ankerite altered basalts.
2
Initial
results are highly encouraging, with AUDD0013 and AUDD0017
indicating vertical continuity in the high-grade vein component of
mineralization. Drilling is still wide-spaced (80 m x 80 m) and
shallow. Narrow, high-grade intercepts of up to 0.31 m at 61 g/t Au
in hole 1-26-27 have been intersected on Vein 5 in historical
drilling, a further 550 m below the intercept in AUDD0017 (710 m
below surface). Although these intercepts appear narrow the
historical drilling only sampled the vein itself, with altered and
mineralized wall rock discarded.
Coupled
with historical indications of high-grade gold on the No. 5 vein at
depth, Auteco’s drilling provides encouragement for further
step-outs in the drilling both to the ENE and WSW, and points to
further resource potential from the Vein 5 extension target. Vein 5
remains open in all directions.
Vein 11 Extension and 11 Footwall Discovery
o
4.85 m at 4.4 g/t
Au from 350.15 m in AUDD0019
o
Vein 11 FW: 1.6 m
at 19.6 g/t Au from 372 m in AUDD0019 (including 0.5 m at 59.5 g/t
Au from 372.35 m)
Hole
AUDD0019 was drilled to a depth of 423 m through the Vein 5
extension target. The hole intersected multiple zones of
sub-parallel, high grade mineralization in the footwall of Vein
5.
Vein 11
was intersected with multiple occurrences of visible gold within an
interval of 4.85 m at 4.4 g/t Au from 350.15 m. This represents a
120 m step-out from the current Vein 11 resource wireframe with no
historical or recent drilling into the extension target in any
direction.
Hole
AUDD0019 also intersected multiple 20-30 cm quartz-tourmaline-gold
veins at 372 m, with initial assays returning up to 59.5 g/t Au
within an interval of 1.6 m at 19.6 g/t Au. This represents a
previously unrecognized mineralized zone sub-parallel to the trend
of Vein 11 outside of current resources. Mineralization remains
open in all directions.
Given
the reconnaissance nature of the drilling on the No. 11 Vein
extensions and footwall mineralization to date, this represents an
exciting opportunity for the company to delineate additional
resources proximal to existing mine infrastructure.
Vein 112 Target
o
3 m at 7.4 g/t Au
from 261 m in AUDD0010
The
Vein 112 discovery was intersected in hole AUDD0010 with 3 m at 7.4
g/t Au intersected at 261 m down hole at the high-strain contact
between the mafic volcanics of the Pickle Crow assemblage and the
late basin, Temiskaming type conglomerates. The mineralization is
marked by multiple 1-30 cm quartz-ankerite-pyrrhotite-pyrite-gold
veins, with widespread fuchsite-sericite-ankerite alteration to the
selvedge. Mineralization is open along strike and at
depth.
3
Drill Hole Locations
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Hole ID
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Azimuth ⁰
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Dip ⁰
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Final Depth (m)
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UTM East
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UTM North
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AUDD0001
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223
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-60
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114.3
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704983
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5710808
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AUDD0002
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200
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-60
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192
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705018
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5710874
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AUDD0003
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199
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-58
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261
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705050
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5710908
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AUDD0004
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200
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-60
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378
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705127
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5710888
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AUDD0005
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205
|
-59
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222
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705186
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5710974
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AUDD0006
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200
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-60
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96.7
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705119
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5710996
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AUDD0007
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205
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-61
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387
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705102
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5710999
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AUDD0008
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148
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-57
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204
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704735
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5710698
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AUDD0009
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161
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-60
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225
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704783
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5710757
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AUDD0010
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160
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-60
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309
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704755
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5710818
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AUDD0011
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158
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-64
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107.97
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704743
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5710857
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AUDD0012
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161
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-58
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71.6
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704294
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5709842
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AUDD0013
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175
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-61
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108
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704315
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5709573
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AUDD0014
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305
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-56
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321.2
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705038
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5710633
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AUDD0015A
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282
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-60
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438
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705276
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5710822
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AUDD0016
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180
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-61
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186
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704244
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5709543
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AUDD0017
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174
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-61
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258
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704301
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5709629
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AUDD0018
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174
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-58
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161.5
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704390
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5709613
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AUDD0019
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182
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-58
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423
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704212
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5709677
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Note: Collar coordinates in UTM NAD 83 z15
Reconnaissance
exploration drilling has also resulted in the identification of
three new high-grade gold discoveries/extensions, with significant
step-out mineralization returned from Vein 5 extensions, Vein 11
extensions (including a new footwall discovery), and a new Vein
112.
Additional Details
A map
showing the location of Pickle Crow and regionally significant
projects can be viewed at:
https://www.firstmininggold.com/_resources/news/2020-09-FF-Pickle-Crow-Regional-Map.pdf
Additional
underexplored, mineralized trends within the property and outside
of the resource area have been identified. These areas are
currently being subjected to initial geological field assessment by
Auteco field geologists ahead of the proposed regional exploration
drilling which needs to be conducted during the winter when the
target areas are more accessible.
A map
showing the identified regional shear zones and walk-up drill
targets within the property area can be viewed at:
https://www.firstmininggold.com/_resources/news/2020-09-FF-Pickle-Crow-Targets.pdf
About Pickle Crow
The
Pickle Crow Gold Deposit is a high-grade, shear-hosted, mesothermal
Archean lode gold deposit. The deposit occurs primarily within
mafic volcanics and banded iron formation (BIF) units in the Pickle
Crow assemblage of the Pickle Lake Greenstone belt located in the
Uchi Lake Sub-province of the Superior Craton of the Canadian
Shield.
Mineralization
is focused around steeply north-west dipping, regional scale shear
zones. Multiple mineralization styles have been identified on the
property, including Quartz-Gold-Tungsten (+/-Tourmaline) Shear
Veins which are the focus of the current exploration, and banded
iron formation mineralization (BIF-style), which comprises
structurally-controlled, sheeted vein arrays hosted within the
BIF.
4
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.
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.
QA/QC Procedures
The
QA/QC program for the Auteco drill program consists of the
submission of duplicate samples and the insertion of Certified
Reference Materials (CRMs), including low, medium and high-grade
standards and coarse blanks, at regular intervals in the sample
stream. One set of the four QA/QC sample types were inserted every
25 samples, consisting of 1 coarse duplicate, 1 quarter-split field
duplicate, 1 CRM (altering between low, medium and high standards)
and 1 blank. AGAT laboratories also undertakes its own internal
QAQC program to ensure proper sample preparation and equipment
calibration.
Qualified Person
Hazel
Mullin, P.Geo., Director, Data Management and Technical Services of
First Mining, is a “Qualified Person” for the purposes
of National Instrument 43-101 Standards of Disclosure for Mineral
Projects (“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 is a Canadian gold developer focused on the development and
permitting of the Springpole Gold Project in northwestern
Ontario. Springpole is one of the largest
undeveloped gold projects in Canada, currently hosting a mineral
resource base of 4.67 million ounces of gold in the Indicated
category and 0.23 million ounces of gold in the Inferred
category1. A
Pre-Feasibility Study is underway, with completion targeted in
early 2021, and permitting is on-going with submission of
the Environmental Impact Statement targeted for 2021. The
Company also holds a large equity position in
Treasury Metals Inc. who are advancing the Goliath-Goldlund
gold projects towards construction. First Mining’s portfolio
of gold projects in eastern Canada also includes the Pickle Crow
(being advanced in partnership with
Auteco Minerals Ltd.),
Cameron, Hope Brook, Duparquet, Duquesne, and Pitt gold
projects.
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:
Spiros
Cacos | Vice
President, Investor Relations
Direct:
+1 604 639 8825 | Toll Free: 1 844 306
8827 |
Email: info@firstmininggold.com
www.firstmininggold.com
Note:
1.
These numbers are
from the independent technical report titled “Preliminary Economic Assessment Update
for the Springpole Gold Project, Ontario, Canada”,
dated November 5, 2019, which was prepared by SRK Consulting
(Canada) Inc. in accordance with NI 43-101 and is available at
www.sedar.com under First Mining’s SEDAR profile. Readers are
cautioned that the PEA is preliminary in nature, it includes
inferred mineral resources that are considered too speculative
geologically to have the economic considerations applied to them
that would enable them to be categorized as mineral reserves, and
there is no certainty that the PEA will be realized.
5
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 mobilization of a third drill rig to Pickle Crow in the coming
weeks; (ii) timing for the receipt of outstanding assays from the
current drill program at Pickle Crow and the interpretation of the
results of such assays; (iii) the disclosure of assay results and
highlights of the current drill program at Pickle Crow in future
news releases issued by the Company; (iv) the potential to increase
the amount of mineral resources in the Core Trend at Pickle Crow
through Auteco’s current drill program; (v) the potential for
further step-out drilling at Pickle Crow; (vi) timing for the
completion of a Pre-Feasibility Study for Springpole; (vii) timing
for the submission of an Environmental Impact Statement for
Springpole; (viii) the Company’s focus on advancing its
assets towards production; and (ix) 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, 2019 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.
6