First Mining Gold Corp 6-K, filed Sep 4, 2020
First Mining Gold Corp. (FFMGF)
6-K
2020-09-04
For: 2020-09-03
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April 07, 2026
About this 6-K
First Mining Gold Corp filed this 6-K on September 4, 2020.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN
PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
For the month of
September 2020
Commission File Number: 000-55607
First Mining Gold
Corp.
(Translation of registrant's name into English)
(Translation of registrant's name into English)
Suite
2070, 1188 West Georgia Street, Vancouver, B.C., V6E
4A2
(Address of principal executive office)
(Address of principal executive office)
Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form
40-F.
Form 20-F [ ]
Form 40-F [ X ]
Indicate by check mark if the registrant is
submitting the Form 6-K in paper as permitted by Regulation S-T
Rule 101(b)(1): [ ]
DOCUMENTS FILED AS PART OF THIS FORM
6-K
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Exhibits
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Description
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Press Release dated September 3, 2020
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SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned, thereunto duly
authorized.
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First Mining Gold
Corp.
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(Registrant)
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Date: September 3, 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’s Partner, Auteco Minerals, Expands Drill
Program at
Pickle Crow Gold Project, Ontario, Canada
September 3, 2020 – Vancouver, Canada – First Mining
Gold Corp. (“First Mining” or the
“Company”) (TSX: FF) (OTCQX: FFMGF) (FRANKFURT:
FMG) is pleased to report that Auteco Minerals Ltd.
(“Auteco”) (ASX: AUT), First Mining’s partner on
its Pickle Crow Gold Project in northwestern Ontario (“Pickle
Crow” or the “Project”) has increased its current
drill program at Pickle Crow from 10,000 metres (m) to
45,000m.
Highlights:
●
Diamond
drill program expanded to 45,000m
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Two drill rigs
currently active, third expected to be mobilized in late
September
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19 drill holes
(4,400m) completed to date
As part
of its earn-in agreement with First Mining, Auteco has actively
been exploring the Pickle Crow deposit, with one diamond drill rig
in operation since May 2020 and a second drill rig mobilized to
site in July. To expedite potential resource growth and test
multiple step-out targets, a third rig is scheduled to be mobilized
in late September 2020. Based on initial exploration results and
observations to date, Auteco’s drill program has been
expanded from 10,000m to 45,000m, with a 24-person, all-season camp
to be established on site to support exploration
activities.
To
date, nineteen drill holes totalling 4,464m have been completed.
Assay results and drill highlights will be reported in an upcoming
news release.
Exploration
efforts are currently focused on the definition of potential
additional resources within the Core Trend, which is host to the
current inferred resource and the historical mining and
infrastructure. Numerous walk-up drill targets ‘in the shadow
of the headframe’ have been identified from historical
drilling datasets, and the current drilling is adding geological
confidence to the significant historical intercepts to enable
conversion to JORC and NI 43-101 mineral resources.
Reconnaissance
exploration drilling has resulted in three new, high-grade gold
discoveries/extensions already, with significant step-out
mineralization returned from Vein 5 extensions, Vein 11 extensions
including a new footwall discovery, and a new Vein
112.
Auteco’s
aggressive drill program is fully funded following its recent
A$30.4 million capital raising.
First
Mining entered into an earn-in agreement with Auteco
on March 12,
2020 whereby Auteco
may earn up to an 80% interest in PC Gold Inc., the Company’s
wholly-owned subsidiary that owns Pickle Crow. Auteco can earn a
full 80% interest by incurring a total of $10 million in
exploration expenditures over five years, making cash payments to
First Mining totaling $4.1 million, and issuing 125 million shares
of Auteco to First Mining. Upon completion of the second stage of
the earn-in (at which time Auteco’s interest in PC Gold Inc.,
and thereby the Project, would be at 70%), First Mining will be
granted a 2% Net Smelter Returns (“NSR”) Royalty, 1% of
which can be bought back for US$2.5 million.
Management Change
First
Mining also announces that, effective September 2, 2020, Ms. Mal
Karwowska has resigned from her position as Vice President,
Corporate Development of First Mining.
“On
behalf of the Board of Directors and all the team at First Mining,
I want to sincerely thank Mal for her dedicated service to the
Company as VP Corporate Development and wish her the best in her
future endeavours”, stated Dan Wilton, CEO.
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Qualified Person
Hazel
Mullin, P.Geo., Director, Data Management and Technical Services of
First Mining, is a “Qualified Person” for the purposes
of National Instrument 43-101 Standards of Disclosure for Mineral
Projects (“NI 43-101”), and she has reviewed and
approved the scientific and technical disclosure contained in this
news release.
About First Mining Gold Corp.
First
Mining is a Canadian gold developer focused on the development and
permitting of the Springpole Gold Project in northwestern
Ontario. Springpole is one of the largest
undeveloped gold projects in Canada, currently hosting a mineral
resource base of 4.67 million ounces of gold in the Indicated
category and 0.23 million ounces of gold in the Inferred
category1. A
Pre-Feasibility Study is underway, with completion targeted in
early 2021, and permitting is on-going with submission of
the Environmental Impact Statement targeted for 2021. The
Company also holds a large equity position in
Treasury Metals who are advancing the Goliath-Goldlund gold
projects in Ontario towards construction. First Mining’s
portfolio of gold projects in eastern Canada also includes the
Pickle Crow (being advanced in
partnership with Auteco Minerals Ltd.),
Cameron, Hope Brook, Duparquet, Duquesne, and Pitt gold
projects.
First
Mining was created in 2015 by Mr. Keith Neumeyer, founding
President and CEO of First Majestic Silver Corp.
ON BEHALF OF FIRST MINING GOLD CORP.
Daniel
W. Wilton
Chief Executive Officer and Director
For further information, please contact:
Spiros
Cacos | Vice
President, Investor Relations
Direct:
+1 604 639 8825 | Toll Free: 1 844 306
8827 |
Email: info@firstmininggold.com
www.firstmininggold.com
Note:
1.
These numbers
are from the independent technical report titled “Preliminary Economic Assessment Update
for the Springpole Gold Project, Ontario, Canada”,
dated November 5, 2019, which was prepared by SRK Consulting
(Canada) Inc. in accordance with 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.
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Forward-looking statements in this news release relate to future
events or future performance and reflect current estimates,
predictions, expectations or beliefs regarding future events and
include, but are not limited to, statements with respect to: (i) )
the mobilization of a third drill rig to Pickle Crow in late
September 2020; (ii) timing for the receipt of outstanding assays
from the current drill program at Pickle Crow and the
interpretation of the results of such assays; (iii) the disclosure
of assay results and highlights of the current drill program at
Pickle Crow in future news releases issued by the Company; (iv) the
potential to increase the amount of mineral resources in the Core
Trend at Pickle Crow through the current drill program; (v) the
timing of all expenditure and payment requirements under the
Company’s earn-in agreement with Auteco, and the potential
for the Company to be granted a 2% NSR royalty on Pickle Crow upon
completion of the second stage of the earn-in; (vi) timing for the
completion of a Pre-Feasibility Study for Springpole; (vii) timing
for the submission of an Environmental Impact Statement for
Springpole; (viii) the Company’s focus on advancing its
assets towards production; and (ix) realizing the value of the
Company’s gold projects for the Company’s shareholders.
All forward-looking statements are based on First Mining's or its
consultants' current beliefs as well as various assumptions made by
them and information currently available to them. There can be no
assurance that such statements will prove to be accurate, and
actual results and future events could differ materially from those
anticipated in such statements. Forward-looking statements reflect
the beliefs, opinions and projections on the date the statements
are made and are based upon a number of assumptions and estimates
that, while considered reasonable by the respective parties, are
inherently subject to significant business, economic, competitive,
political and social uncertainties and contingencies. Many factors,
both known and unknown, could cause actual results, performance or
achievements to be materially different from the results,
performance or achievements that are or may be expressed or implied
by such forward-looking statements and the parties have made
assumptions and estimates based on or related to many of these
factors. Such factors include, without limitation the
Company’s business, operations and financial condition
potentially being materially adversely affected by the outbreak of
epidemics, pandemics or other health crises, such as COVID-19, and
by reactions by government and private actors to such outbreaks;
risks to employee health and safety as a result of the outbreak of
epidemics, pandemics or other health crises, such as COVID-19, that
may result in a slowdown or temporary suspension of operations at
some or all of the Company's mineral properties as well as its head
office; fluctuations in the spot and forward price of gold,
silver, base metals or certain other commodities; fluctuations in
the currency markets (such as the Canadian dollar versus the U.S.
dollar); changes in national and local government, legislation,
taxation, controls, regulations and political or economic
developments; risks and hazards associated with the business of
mineral exploration, development and mining (including
environmental hazards, industrial accidents, unusual or unexpected
formations, pressures, cave-ins and flooding); the presence of laws
and regulations that may impose restrictions on mining; employee
relations; relationships with and claims by local communities,
indigenous populations and other stakeholders; availability and
increasing costs associated with mining inputs and labour; the
speculative nature of mineral exploration and development; title to
properties.; and the additional risks described in the
Company’s Annual Information Form for the year ended December
31, 2019 filed with the Canadian securities regulatory authorities
under the Company’s SEDAR profile at www.sedar.com,
and in the Company’s Annual Report on Form 40-F filed with
the SEC on EDGAR.
First Mining cautions that the foregoing list of factors that may
affect future results is not exhaustive. When relying on our
forward-looking statements to make decisions with respect to First
Mining, investors and others should carefully consider the
foregoing factors and other uncertainties and potential events.
First Mining does not undertake to update any forward-looking
statement, whether written or oral, that may be made from time to
time by the Company or on our behalf, except as required by
law.
Cautionary Note to United States Investors
This news release has been prepared in accordance with the
requirements of the securities laws in effect in Canada, which
differ from the requirements of U.S. securities laws. Unless
otherwise indicated, all resource and reserve estimates included in
this news release have been prepared in accordance with NI 43-101
and the Canadian Institute of Mining, Metallurgy, and Petroleum
2014 Definition Standards on Mineral Resources and Mineral
Reserves. NI 43-101 is a rule developed by the Canadian Securities
Administrators which establishes standards for all public
disclosure an issuer makes of scientific and technical information
concerning mineral projects. Canadian standards, including NI
43-101, differ significantly from the requirements of the SEC, and
mineral resource and reserve information contained herein may not
be comparable to similar information disclosed by U.S. companies.
In particular, and without limiting the generality of the
foregoing, the term "resource” does not equate to the term
"reserves”. Under U.S. standards, mineralization may not be
classified as a "reserve” unless the determination has been
made that the mineralization could be economically and legally
produced or extracted at the time the reserve determination is
made. The SEC's disclosure standards normally do not permit the
inclusion of information concerning "measured mineral
resources”, "indicated mineral resources” or "inferred
mineral resources” or other descriptions of the amount of
mineralization in mineral deposits that do not constitute
"reserves” by U.S. standards in documents filed with the SEC.
Investors are cautioned not to assume that any part or all of
mineral deposits in these categories will ever be converted into
reserves. U.S. investors should also understand that "inferred
mineral resources” have a great amount of uncertainty as to
their existence and great uncertainty as to their economic and
legal feasibility. It cannot be assumed that all or any part of an
"inferred mineral resource” will ever be upgraded to a higher
category. Under Canadian rules, estimated "inferred mineral
resources” may not form the basis of feasibility or
pre-feasibility studies except in rare cases. Investors are
cautioned not to assume that all or any part of an "inferred
mineral resource” exists or is economically or legally
mineable. Disclosure of "contained ounces” in a resource is
permitted disclosure under Canadian regulations; however, the SEC
normally only permits issuers to report mineralization that does
not constitute "reserves” by SEC standards as in-place
tonnage and grade without reference to unit measures. The
requirements of NI 43-101 for identification of "reserves”
are also not the same as those of the SEC, and reserves reported by
the Company in compliance with NI 43-101 may not qualify as
"reserves” under SEC standards. Accordingly, information
concerning mineral deposits set forth herein may not be comparable
with information made public by companies that report in accordance
with U.S. standards.
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