First Mining Gold Corp 6-K, filed May 6, 2020
First Mining Gold Corp. (FFMGF)
6-K
2020-05-06
For: 2020-05-06
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About this 6-K
First Mining Gold Corp filed this 6-K on May 6, 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 May
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 May 6,
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: May 6, 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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NEWS RELEASE
First Mining Announces Additional Drill Results From
its
Goldlund Gold Project, Ontario, Canada
Further Results from Drilling at Zones 2 and 3 in the Goldlund Main
Zone
May 6, 2020 – Vancouver, Canada – First Mining Gold
Corp. (“First Mining” or the
“Company”) (TSX: FF) (OTCQX: FFMGF) (FRANKFURT:
FMG) is pleased to announce additional results from the 2020 drill
program at the Company’s wholly-owned Goldlund Gold Project (“Goldlund”) in northwestern
Ontario, Canada. Drilling to date continues to define
mineralization in the eastern and western portions of the defined
resource area at Goldlund (the “Main Zone”) and
provides important geological information on the structural and
lithological controls of gold mineralization around the Main
Zone.
Latest highlights from holes drilled at the Main Zone
include:
●
Hole GL-20-010
intersected 1.20 grams per tonne gold (“g/t Au”) over
44.0 metres (“m”)
o
Including 1.94 g/t
Au over 17.0 m; and
o
Including 15.90 g/t
Au over 1.0 m
●
Hole GL-20-006
intersected 2.10 g/t Au over 13.0 m
o
Including 12.07 g/t
Au over 1.0 m; and
o
Including 1.67 g/t
Au over 9.0 m
“We
are pleased with the continuing mineralization intersected by our
recent drill program”, stated Dan Wilton, CEO of First
Mining. “Our work at Goldlund continues to enlarge the areas
of known mineralization and highlight the Project’s expansion
potential, while at the same time giving us a better understanding
of how the mineralization is structured around the
resource.”
The 19
holes highlighted in this news release include both infill and
step-out holes designed to test the area between Zones 2 and 3.
Seventeen of these holes are located approximately 1.5 kilometres
southwest along strike from the first 11 holes drilled in this
program which targeted the northeast extensions of Zones 2 and 3.
Hole GL-19-034 targeted the northeast extension of Zone 2. The
majority of the remaining holes reported in this news release
targeted the southwestern extension of Zone 3 and the area between
Zones 2 and 3. Hole GL-20-004 intersected both Zones 2 and 3 in
their southwest extension. Hole GL-20-016 targeted the southwest
extension of Zone 4. Most of the mineralization intercepted by
these holes is associated with altered porphyry units. Minor
mineralization is also associated with gabbro and basalt/andesite,
and mainly occurs in close proximity to the contacts with porphyry.
The highest-grade gold mineralization was intersected in holes
GL-20-010 (44 metres at 1.20 g/t Au) and GL-20-006 (13 metres at
2.10 g/t Au) which were drilled vertically through Zone
3.
The
2019 - 2020 drill program at the Main Zone has so far consisted of
39 drill holes for a total of 7,300 metres, focused primarily on
Zones 2 and 3. Drilling was completed on approximate 50 metre
spacing. The goal of this drill program is to define and extend
mineralization in the eastern and western portions of the Main Zone
area. This news release incorporates results from 19 of the 39
holes completed to date (following on from the Company’s
March 2, 2020 news release
which announced the results of the first 11 holes), with results
from the final 11 holes of the drill program to be released as
assay results become available, and prior to resuming the 2020 main
zone drill program.
-1-
Select
assay results from these 19 holes from the Main Zone 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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Target
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GL-19-021
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139.00
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140.0
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1.00
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9.19
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Main Zone
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and
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188.00
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191.00
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3.00
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3.20
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(Zone
3)
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including
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188.00
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189.00
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1.00
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6.54
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and
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286.00
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288.61
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2.61
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1.97
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including
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286.00
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286.70
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0.70
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6.64
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GL-19-034
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25.94
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27.17
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1.23
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8.63
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Main Zone
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and
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30.72
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31.20
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0.48
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1.81
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(Zone
2)
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and
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53.00
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55.00
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2.00
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1.46
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and
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60.00
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62.00
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2.00
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3.40
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GL-20-006
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153.00
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211.00
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58.00
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0.83
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Main Zone
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including
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153.00
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166.00
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13.00
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2.10
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(Zone
3)
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and including
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161.00
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162.00
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1.00
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12.07
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and including
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165.00
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166.00
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1.00
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5.10
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and including
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202.00
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211.00
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9.00
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1.67
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and including
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208.00
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209.00
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1.00
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9.00
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GL-20-010
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119.00
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122.00
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3.00
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3.06
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Main Zone
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including
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120.00
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121.00
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1.00
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7.86
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(Zone
3)
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and
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148.00
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192.00
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44.00
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1.20
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including
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152.00
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153.00
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1.00
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6.70
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and including
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166.00
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183.00
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17.00
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1.94
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and including
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182.00
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183.00
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1.00
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15.90
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and
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199.00
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210.00
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11.00
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0.26
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Notes:
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Assaying for the Goldlund 2019-2020 drill program is being
completed by SGS Canada Inc. (“SGS”) at their
laboratories in Red Lake, Ontario and Vancouver, BC. Prepared 50 g
samples are analyzed for gold by lead fusion fire assay with an
atomic absorption spectrometry finish. Multi-element analysis is
also being completed on selected holes by two-acid aqua regia
digestion with ICP-MS and AES finish.
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Reported widths are drilled core lengths; true widths are unknown
at this time. Assay values are uncut.
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Intervals for holes GL-20-006 and GL-20-010 include results of
selected assay repeats. These repeats were done by screened
metallic fire assay on 1 kg size samples at the SGS laboratory in
Vancouver, BC.
-2-
Geological Highlights
This
new drilling once again highlights that mineralization at Goldlund
is structurally controlled and can be associated with lithological
units other than the granodiorite (tonalite) that is the main host
for the Zone 1 and 7 gold mineralization which comprises
approximately 70% of the current resource.
As with
the last eleven reported holes, these latest 19 drill holes within
Zones 2 and 3 encountered mineralization within locally silicified,
sheared and variolitic andesites, as well as gabbros and altered
porphyries, with gold mineralization typically associated with
quartz-ankerite veining and alteration halos associated with the
veining (as is also typical of the “Goldlund-style” of
mineralization present in granodiorite). Gold mineralization
associated with andesite was not previously recognized at Goldlund
and hence this association provides a new exploration horizon at
the Project. The drilling completed so far in 2020 continues to
provide important geological information on the structural and
lithological controls of gold mineralization in and around the main
resource area at Goldlund.
Drill Result Details
A plan
map showing the drill hole locations and assay status at the Main
Zone can be viewed at: https://www.firstmininggold.com/_resources/news/GLD_NR_May_Plan_Map.pdf
A cross
section showing drill results and highlights for holes GL-20-010
and GL-20-011 can be viewed at: http://www.firstmininggold.com/_resources/news/GLD_NR_May_XSection.pdf
A
complete list of the 2019 - 2020 drill results to date, including
hole details, can be viewed at: https://www.firstmininggold.com/_resources/news/2020-05-06-FF-NR-Goldlund-2019and2020-Drill-Results.pdf
-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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GL-19-021
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0
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-90
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386
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546100
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5527506
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GL-19-022
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0
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-50
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173
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546100
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5527506
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GL-19-034
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335
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-45
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74
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547774
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5528162
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GL-20-001
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0
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-90
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314
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546099
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5527538
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GL-20-002
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0
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-90
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293
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546150
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5527548
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GL-20-003
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0
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-90
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206
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546150
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5527576
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GL-20-004
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0
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-55
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194
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546150
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5527576
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GL-20-005
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0
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-90
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188
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546200
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5527550
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GL-20-006
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0
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-90
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221
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546200
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5527525
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GL-20-007
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0
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-90
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83
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546250
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5527530
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GL-20-008
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0
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-90
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203
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546250
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5527530
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GL-20-009
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0
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-90
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125
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546250
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5527555
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GL-20-010
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0
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-90
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218
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546295
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5527527
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GL-20-011
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0
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-75
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164
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546295
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5527527
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GL-20-012
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0
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-90
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263
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546350
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5527559
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GL-20-013
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0
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-55
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122
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546350
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5527559
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GL-20-014
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0
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-90
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188
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546400
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5527566
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GL-20-015
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0
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-90
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191
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546388
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5527591
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GL-20-016
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0
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-70
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206
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546338
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5527332
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QA/QC Procedures
The
QA/QC program for the 2019-2020 drilling program at Goldlund
consists of the submission of duplicate samples and the insertion
of Certified Reference Materials and blanks at regular intervals.
These are inserted at a rate of one standard for every 20 samples
(5% of total) and one blank for every 30 samples (3% of total). The
standards used in the 2019-2020 Goldlund drilling program range in
grade from 0.5 g/t Au to 9.0 g/t Au, and are sourced from CDN
Resource Laboratories in Langley, BC. Blanks have been sourced
locally from barren granitic material.
Field
duplicates from quartered core, as well as 'coarse' or 'pulp'
duplicates taken from coarse reject material or pulverized splits,
are also submitted at regular intervals with an insertion rate of
4% for field duplicates and 4% for coarse or pulp duplicates.
Additional selected duplicates are being submitted to an umpire lab
for check assaying. SGS also undertakes its own internal coarse and
pulp duplicate analysis to ensure proper sample preparation and
equipment calibration.
-4-
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:
Spiros
Cacos | Vice
President, Investor Relations
Toll
Free: 1 844 306 8827 | Email:
info@firstmininggold.com
www.firstmininggold.com
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.
-5-
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 timing for the receipt of outstanding assays from the 2019 -
2020 drill program at the Main Zone and the interpretation of the
results of such assays; (ii) the goal of the 2019 - 2020 drill
program at the Main Zone being to define and extend mineralization
in the eastern and western portions of the Main Zone area; (iii)
the potential for a new exploration horizon at Goldlund due to the
results from the 2019 - 2020 drill program at the Main Zone
indicating that gold mineralization at the Project is associated
with andesite; (iv) the timeframe for the suspension of operations
at Goldlund due to the current COVID-19 pandemic; (v) the timeframe
of the current COVID-19 pandemic and the potential for plans to be
adjusted further as the situation evolves; (vi) the Company’s
primary focus on developing and permitting Springpole and the
advanced exploration of Goldlund; 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, 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.
-6-
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.
-7-