First Mining Gold Corp 6-K, filed Mar 2, 2020
First Mining Gold Corp. (FFMGF)
6-K
2020-03-02
For: 2020-03-02
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April 07, 2026
About this 6-K
First Mining Gold Corp filed this 6-K on March 2, 2020.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN
PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
For the month of
March 2020
Commission File Number: 000-55607
First Mining Gold
Corp.
(Translation of registrant's name into English)
(Translation of registrant's name into English)
Suite
2070, 1188 West Georgia Street, Vancouver, B.C., V6E
4A2
(Address of principal executive office)
(Address of principal executive office)
Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form
40-F.
Form 20-F [ ]
Form 40-F [ X ]
Indicate by check mark if the registrant is
submitting the Form 6-K in paper as permitted by Regulation S-T
Rule 101(b)(1): [ ]
SUBMITTED
HEREWITH
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Exhibits
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Press Release dated March 2,
2020
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SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned, thereunto duly
authorized.
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First Mining Gold
Corp.
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(Registrant)
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Date: March 2, 2020
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/s/ Samir
Patel
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Samir Patel
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General Counsel and Corporate
Secretary
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Exhibit 99.1
NEWS RELEASE
First Mining Intersects 5.36 g/t Gold over 21.0 Metres at the
Goldlund Property
Initial Results from Drilling at the Goldlund Main Zone Continue to
Define Existing Resource Area
March 2, 2020 – Vancouver, BC – First Mining Gold Corp.
(“First Mining” or the “Company”)
(TSX: FF) (OTCQX: FFMGF) (FRANKFURT: FMG) is pleased to announce
results from the drill program underway at the Company’s
wholly-owned Goldlund gold property (“Goldlund”) in
Ontario, Canada. These results represent the first set of results
from the ongoing drill program focused within and around the
defined resource area at Goldlund (“Main Zone”), with
an initial target of defining and extending mineralization in the
eastern and western portions of the deposit.
Latest highlights from holes drilled at the Main Zone
include:
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Hole GL-19-008
intersected 5.36 grams per tonne gold (“g/t Au”) over
21.0 metres (“m”)
o
Including 89.60 g/t
Au over 1.0 m
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Hole GL-19-010
intersected 1.68 g/t Au over 15.0 m
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Including 8.02 g/t
Au over 1.0 m
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Hole GL-19-013
intersected 1.15 g/t Au over 14.0 m
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Including 9.42 g/t
Au over 1.0 m
Dan
Wilton, CEO of First Mining, stated “I am excited about the
ongoing success from drilling at Goldlund which continues to
showcase the Project’s potential for expansion not only from
regional exploration, but also at the existing resource area. The
current drill program at Goldlund is targeting the Main Zone of the
deposit, within the proximities of the currently defined resource
area. We believe this drilling has the potential to demonstrate
resource growth at the Main Zone, in addition to possible resource
expansion at the property from the regional potential we have shown
through our drilling at the Miller prospect in 2018 and
2019.”
The holes highlighted in this
news release consist of the first eleven holes of the drill program
currently underway. The holes drilled in 2019 primarily targeted
the eastern parts of Zones 2 and 3 as well as the area between
these two zones, following up on historical drill intercepts. Of
the eleven holes reported in this news release, gold mineralization
has been encountered in nine. Hole GL-19-008 intersected 21 metres
of 5.36 g/t gold within highly mineralized granodiorite and
porphyry units, as well as within andesite, and was successful in
confirming the high grades within Zone 2 that were encountered in
historical drilling. Hole GL-19-010 was drilled to intersect the
area between the known mineralized areas at Zones 2 and 3, and
encountered significant gold mineralization hosted within andesite
(15.0 m at 1.68 g/t gold), before intersecting the mineralized
granodiorite and porphyries of Zone 2 towards the base of the hole.
The remaining drill holes also show examples of gold mineralization
occurring throughout different lithological units, which include
andesites, gabbros and felsic porphyries in addition to the
granodiorite which is the principal host of the gold mineralization
in Zones 1 and 7.
The
initial phase of the drill program at the Main Zone consisted of 23
holes (approximately 4,000 metres), with the overall
program’s focus being to define and extend mineralization in
the eastern and western portions of Zones 1, 2, 3 and 4. As of this
date, 26 holes (approximately 5,000 metres) of drilling have been
completed, and the Company is currently planning a second phase of
the work program (the scale of the second phase is yet to be
determined, and will be based on pending results). Drilling
continues at the Main Zone and is focused on delineating
mineralization between the currently-defined zones of the Goldlund
deposit. The results from the remainder of the ongoing program will
be released as assay results become available.
- 1 -
Select
assay results from the first eleven holes of 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-19-003
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23.57
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25.00
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1.43
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10.91
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Main Zone (Zone
2)
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GL-19-004
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32.86
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36.21
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3.35
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1.28
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Main Zone (Zone
2)
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and
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149.91
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155.00
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5.09
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1.72
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including
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149.91
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151.00
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1.09
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4.73
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and
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166.00
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172.00
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6.00
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1.57
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including
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166.00
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167.00
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1.00
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3.03
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and including
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170.00
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172.00
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2.00
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2.47
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GL-19-006
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82.00
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86.00
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4.00
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3.08
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Main Zone (Zone
2)
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including
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83.00
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85.00
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2.00
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5.72
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and including
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83.00
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83.67
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0.67
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9.53
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and
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137.54
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137.85
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0.31
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5.13
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and
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147.76
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148.09
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0.33
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48.03
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GL-19-008
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83.00
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104.00
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21.00
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5.36
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Main Zone(Zone
2)
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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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5.49
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and including
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96.00
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97.00
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1.00
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89.60
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GL-19-010
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69.00
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84.00
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15.00
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1.68
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Main Zone (Zones 2 and
3)
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including
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69.00
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70.00
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1.00
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8.02
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and including
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71.00
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72.00
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1.00
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4.86
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and including
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80.00
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81.00
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1.00
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4.89
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and
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143.00
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148.00
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5.00
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1.26
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including
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147.00
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148.00
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1.00
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5.24
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GL-19-013
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63.00
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77.00
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14.00
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1.15
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Main Zone (Zone
2)
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including
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70.00
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77.00
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7.00
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2.20
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and including
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70.00
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71.00
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1.00
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5.32
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and including
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75.00
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76.00
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1.00
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9.42
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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-19-003 and GL-19-008 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
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Additional
‘shoulder’ sampling around narrow mineralized zones in
holes GL-19-004 and GL-19-006 is currently in progress (assays not
yet available)
- 2 -
TSX: FF
OTCQX: FFMGF
FRANKFURT: FMG
Geological Highlights
The
geology in this area is dominated by locally silicified, sheared
and variolitic andesite, which has been intruded by porphyries of
various widths. Some porphyries are altered and crosscut by
quartz-ankerite veining with typical alteration halos. Gold
mineralization is known to be associated with these altered
porphyries, and this style of mineralization has been described in
earlier work programs. However, gold mineralization can also be
seen to occur in the Zone 2 and Zone 3 areas within variolitic
andesite. This andesite is highly silicified and locally sheared,
and as in the other host lithologies, gold mineralization is
associated with quartz-ankerite veining and alteration halos
associated with the veining. This style is typical of the
“Goldlund-style” of mineralization present in
granodiorite (Zones 1 and 7); however, gold mineralization
associated with andesite was not previously recognized at Goldlund
and hence this association provides a new exploration horizon at
the Project. The ongoing drilling 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:
http://www.firstmininggold.com/_resources/maps/2020-03-02-Goldlund-NR-Plan-Map.pdf.
A cross
section showing drill results and highlights for holes GL-19-008
and GL-19-010 can be viewed at:
http://www.firstmininggold.com/_resources/maps/2020-03-02-FF-NR-Cross-Section.pdf.
A
complete list of the 2019 drill results to date, including hole
details, can be viewed at:
http://www.firstmininggold.com/_resources/news/2020-03-02-FF-NR-Goldlund-2019-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-19-001
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0
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-45
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161
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546604
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5527909
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GL-19-002
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34
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-45
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170
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546604
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5527909
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GL-19-003
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335
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-74
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197
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547642
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5528090
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GL-19-004
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335
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-84
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257
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547642
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5528090
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GL-19-005
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335
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-77
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242
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547702
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5528089
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GL-19-006
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335
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-86
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167
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547702
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5528089
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GL-19-008
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335
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-85
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125
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547722
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5528154
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GL-19-010
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335
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-77
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176
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547746
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5528102
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GL-19-012
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335
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-73
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182
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547774
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5528162
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GL-19-013
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335
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-62
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101
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547774
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5528162
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GL-19-014
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335
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-45
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95
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547774
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5528162
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- 3 -
TSX: FF
OTCQX: FFMGF
FRANKFURT: FMG
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 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 is ongoing to
define both the extension of the existing resource area and to
better define the regional scale potential. First Mining’s
eastern Canadian property portfolio also includes Cameron, Pickle
Crow, Hope Brook, Duparquet, Duquesne, and Pitt.
First
Mining was created in 2015 by Mr. Keith Neumeyer, founding
President and CEO of First Majestic Silver Corp.
ON BEHALF OF FIRST MINING GOLD CORP.
Daniel
W. Wilton
Chief Executive Officer and Director
For further information, please contact:
Mal
Karwowska |
Vice President, Corporate Development & Investor
Relations
Direct:
604.639.8824 | Toll Free:
1.844.306.8827 | Email:
info@firstmininggold.com
www.firstmininggold.com
- 4 -
TSX: FF
OTCQX: FFMGF
FRANKFURT: FMG
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 Company’s target to define and extend mineralization in
the eastern and western portions of the Goldlund deposit through
the current drill program; (ii) the potential for resource growth
at Goldlund, both at the Goldlund Main Zone, and at other areas of
the property through further regional exploration; (iii) the timing
of the release of the remaining drill results from the current
drill program at Goldlund; (iv) the Company’s plans for a
second phase drill program around the Main Zone and the scale and
timing of such program (v) defining and extending mineralization in
the eastern and western portions of Zones 1, 2, 3 and 4; (vi) the
Company’s focus on advancing its material assets towards
production; and (vii) realizing and unlocking 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 proposed 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.
- 5 -
TSX: FF
OTCQX: FFMGF
FRANKFURT: FMG
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 -