First Mining Gold Corp 6-K, filed Jul 7, 2020
First Mining Gold Corp. (FFMGF)
6-K
2020-07-07
For: 2020-07-07
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About this 6-K
First Mining Gold Corp filed this 6-K on July 7, 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
July 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 July 7,
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: July 7,
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 Intersects 5.46 g/t Gold over 9.6 Metres
and
2.51
g/t over 22.0 Metres at the Goldlund Gold Project, Ontario,
Canada
Further Results from Drilling Support Potential for Resource
Expansion at the Main Zone
July 7, 2020 – Vancouver, Canada – First Mining Gold
Corp. (“First Mining” or the
“Company”) (TSX: FF) (OTCQX: FFMGF) (FRANKFURT:
FMG) is pleased to announce further results from the drill program
underway at the Company’s wholly-owned Goldlund Gold Project
(“Goldlund” or the “Project”) in Ontario,
Canada. Drilling continues to define mineralization in the eastern
portion of the defined resource area at Goldlund (the “Main
Zone”) and supports the potential for resource expansion at
the Project.
Latest highlights from holes drilled at the Main Zone
include:
●
Hole GL-20-018
intersected 5.42 grams per tonne gold (“g/t Au”) over
10.0 metres (“m”)
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Including 22.03 g/t
Au over 2.0 m
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Hole GL-20-025
intersected 1.82 g/t Au over 31.2 m
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Including 3.08 g/t
Au over 16.0 m and 20.12 g/t Au over 1.0 m
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Hole GL-20-027
intersected 1.39 g/t Au over 38.7 m
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Including 5.22 g/t
Au over 1.6 m and 19.54 g/t Au over 1.3 m
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Hole GL-20-028
intersected 2.51 g/t Au over 22.0 m
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Including 3.58 g/t
Au over 15.0 m, 5.46 g/t Au over 9.6 m and 24.08 g/t Au over 1.6
m
Dan
Wilton, CEO of First Mining, stated “Drilling at Goldlund
continues to return strong results, supporting the potential for
resource growth at the Main Zone. We are excited to continue to
showcase the asset’s potential as it will soon become part of
a district-scale opportunity within Treasury Metals. These results
demonstrate the growth potential from the regional consolidation of
this multi-million ounce gold district in
Ontario.”
The 13 holes highlighted in this
news release are all located in the northeast portion of the
Goldlund deposit. Drilling in this area was focused on outlining
and extending new mineralization between Zone 2 and Zone 3, as well
as defining mineralization in Zone 2. Drill results from this
northeast area have confirmed the continuity of higher-grade
mineralization over approximately 400 metres of strike length, with
mineralization remaining open in both directions. Drill intercepts
up to 22 metres wide were encountered within the main mineralized
zone, which averages approximately 10 metres in thickness with
grades up to 5.46 g/t gold over 9.6 metres (hole GL-20-028), 3.08
g/t gold over 16.0 metres (hole GL-20-025), and 2.98 g/t gold over
10.0 metres (GL-20-029). Drilling also intersected a number of
narrow, one to seven-metre wide, parallel mineralized zones in the
suite of mafic volcanics between Zones 2 and 3, which could
potentially add new areas of mineralization to the currently
identified resource.
To
date, a total of 46 holes (approximately 8,588 metres) have been
completed at the Main Zone as part of the 2019 - 2020 drill
program. This news release incorporates results from a further 13
holes completed to date, following on from the Company’s
March 2, 2020 and May 6, 2020 news releases which announced
the results of prior holes. Drilling has been completed on
approximate 50 metre spacing, with the overall goal of the drill
program to define and extend mineralization in the eastern and
western portions of the Main Zone area. The remainder of the drill
program will continue to focus on defining mineralization to the
northeast, with results from the remainder of the program to be
released as available.
Select
assay results from these 13 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-20-017
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87.00
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93.00
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6.00
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1.67
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Main Zone (Zone
3)
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including
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88.00
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89.00
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1.00
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8.49
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GL-20-018
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126.00
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136.00
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10.00
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5.42
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Main Zone (Zone
3)
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including
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129.00
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131.00
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2.00
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22.03
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and including
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135.00
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136.00
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1.00
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5.10
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GL-20-025
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23.00
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54.18
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31.18
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1.82
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Main Zone (Zone 2 and
3)
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including
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23.00
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39.00
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16.00
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3.08
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and including
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24.00
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25.00
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1.00
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20.12
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and including
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33.05
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33.65
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0.60
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7.58
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and including
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35.00
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36.00
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1.00
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6.03
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and
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118.00
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134.00
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16.00
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1.54
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including
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126.00
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134.00
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8.00
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2.95
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GL-20-027
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28.00
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66.71
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38.71
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1.39
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Main Zone (Zone
2)
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including
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31.00
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32.61
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1.61
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5.22
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and including
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35.67
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37.01
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1.34
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19.54
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and including
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37.01
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38.00
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0.99
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3.01
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and including
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55.45
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57.00
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1.55
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4.42
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GL-20-028
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16.03
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38.00
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21.97
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2.51
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Main Zone (Zone
2)
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including
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20.00
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35.00
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15.00
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3.58
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and including
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20.00
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29.55
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9.55
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5.46
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and including
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28.00
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29.55
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1.55
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24.08
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Notes:
● 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
● Reported
widths are drilled core lengths; true widths are unknown at this
time. Assay values are uncut
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Drill Result Details
A plan
map showing the drill hole locations and assay status at the Main
Zone can be viewed at: http://www.firstmininggold.com/_resources/maps/2020-07-07-Goldlund-NR-Plan-Map.pdf.
A cross
section showing drill results and highlights for holes GL-20-027
and GL-20-028 can be viewed at: http://www.firstmininggold.com/_resources/maps/2020-07-07-Goldlund-NR-Cross-Section.pdf.
A
complete list of the 2019 and 2020 drill results to date, including
hole details, can be viewed at: http://www.firstmininggold.com/_resources/news/2020-07-FF-NR-Goldlund-2019and2020-Drill-Results.pdf.
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-20-017
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155
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-65
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179
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547702
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5528089
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GL-20-018
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155
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-70
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200
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547648
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5528051
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GL-20-019
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335
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-60
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182
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547648
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5528051
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GL-20-020
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335
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-50
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140
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547752
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5528112
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GL-20-021
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155
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-60
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161
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547750
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5528119
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GL-20-022
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155
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-60
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164
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547774
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5528159
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GL-20-023
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335
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-70
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200
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547847
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5528149
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GL-20-024
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155
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-70
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200
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547847
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5528149
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GL-20-025
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335
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-68
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182
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547873
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5528180
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GL-20-026
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145
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-60
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179
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547865
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5528182
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GL-20-027
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335
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-70
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143
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547932
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5528278
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GL-20-028
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335
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-50
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104
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547932
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5528278
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GL-20-029
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155
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-45
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203
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547992
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5528465
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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.
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 is
also in the process of closing its announced transaction with Treasury Metals
Inc., after which it will hold a large equity position in Treasury
that is advancing the Goliath-Goldlund gold project towards
construction. First Mining’s eastern Canadian property
portfolio 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 National Instrument 43-101
Standards of Disclosure for
Mineral Projects (“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.
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 remainder of the 2019 – 2020 drill program at Goldlund
continuing on focusing on defining mineralization to the northeast
of the Main Zone area; (ii) timing for the completion of the drill
program at Goldlund, the receipt of assay results and the public
release of those results; (iii) the current drill program at
Goldlund continuing to define mineralization in the Main Zone at
Goldlund and potentially adding new areas of mineralization to the
currently identified resource; (iv) the potential for resource
expansion at Goldlund; (v) the growth potential from the regional
consolidation of Goldlund under the transaction with Treasury
Metals Inc.; (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) closing of
the transaction with Treasury Metals Inc. and the Company holding a
large equity position in Treasury Metals Inc. after closing; and
(xi) 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 presence of and continuity
of metals at Goldlund at estimated grades; success in realizing
drilling programs; 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 and exploration drilling programs,
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.
