First Mining Gold Corp 6-K, filed Sep 15, 2020
First Mining Gold Corp. (FFMGF)
6-K
2020-09-15
For: 2020-09-15
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About this 6-K
First Mining Gold Corp filed this 6-K on September 15, 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 15, 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 15, 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
First Mining Provides Update on its Springpole PFS,Environmental
Permitting and Development Activities
VANCOUVER, BC / ACCESSWIRE / September 15, 2020 / First Mining Gold
Corp. ("First Mining" or the "Company")
(TSX:FF)(OTCQX:FFMGF)(FRANKFURT:FMG) is pleased to provide an
update on the ongoing Pre-Feasibility Study ("PFS") on its
Springpole Gold Project ("Springpole" or the "Project") located in
northwestern Ontario, the federal and provincial environmental
assessment processes and other ongoing or planned development and
exploration activities.
"We are
very optimistic and remain encouraged with the progress First
Mining is making in advancing the Springpole gold deposit through
PFS and through the environmental assessment processes" stated Dan
Wilton, CEO of First Mining. "As we advance these critical
de-risking steps for the Project, we are becoming increasingly
aware of the value of the nine years of continuous environmental
baseline data collection that we and our predecessors have
completed at Springpole. We are very thankful for the dedication of
our team and our partners to advance this important work in this
uncertain environment. Our recent financing leaves First Mining in
a very strong position to continue to move Springpole forward
toward these critical de-risking milestones."
Pre-Feasibility Study Update
The PFS
is being conducted by Ausenco Engineering Canada Inc. as Lead
Consultant (see news release
dated November 14, 2019). AGP Mining Consultants Inc. are acting as
the overall QP and Mining Consultant, SRK Consulting (Canada) Inc.
as the Resource Consultant, Knight Piesold Ltd. as the Tailings and
Coffer Dam Consultant, Hemmera Envirotech Inc. and Wood PLC as
Environmental Consultants, Nordmin Engineering Ltd. as the Power
Infrastructure Consultant and Fracflow Consultants Inc. as the
Geotechnical Consultant.
Throughout
the PFS process, the Company has undertaken a number of key
trade-off studies which are nearing completion. These studies have
identified several important avenues to optimize the project scope,
reduce the overall project footprint, mitigate environmental risks,
and improve the economic robustness of the Project.
The
October 2019 Preliminary Economic Assessment ("PEA") outlined a
plan incorporating a design for a conventional tailings storage
facility. A key trade-off study of the PFS assessed the feasibility
of both thickened tailings and dry stack tailings solutions. Both
were found to be viable solutions based on economic impacts, while
significantly reducing the environmental risks and overall project
footprint.
Mine
plan optimization has been completed and is currently under review.
Several iterations and varying combinations of pit shells, phasing,
and haulage routes point to an opportunity for an improved mine
plan from what was incorporated into the previous PEA. The
optimization work has also demonstrated that there is more than
enough suitable material that can be taken from the initial
pre-strip and used for the full construction of the coffer
dams.
The PFS
metallurgical test program is also nearing completion. The process
design in the PFS will incorporate conventional methods for
recoveries but it is expected that further test programs during any
subsequent feasibility study on Springpole will incorporate the
study of potential value increases from the use of recent and
significant industry advances in technology. Other key trade-off
studies include the selection of a value-optimized processing
rate/throughput for the mill and the selection of a safe and
environmentally robust design and construction methodology for the
coffer dams.
CAPEX
and OPEX estimating are well underway with major equipment quotes
being received for process, infrastructure, and mining. The PFS is
on schedule for delivery in the first half of Q1 2021.
Environmental Assessment Update
Drilling
to support the ongoing metallurgical, hydrogeological, and
geotechnical programs has been completed, for a total of 5,700
metres ("m"). A 6,300 m condemnation drilling program has also
recently commenced and is scheduled to be completed over the
winter.
The
Company's goal is to prepare a synchronized Environmental Impact
Statement ("EIS") that meets the federal and provincial
environmental assessment requirements. For the provincial process,
there are two main stages, namely the development of the Terms of
Reference ("ToR") and the development of the EA Report. First
Mining submitted the ToR for Springpole to the Ministry of the
Environment, Conservation and Parks ("MECP") on August 21, 2020,
and it is available on the Company's website,
www.firstmininggold.com.
First
Mining recently engaged Wood PLC's Environment and Infrastructure
Solutions group to support the preparation of the federal EIS and
the provincial EA Report for the Project. Some recent examples of
Wood's experience and success in this field include the permitting
of several of the largest and most significant gold projects in
Ontario, including Côté Gold, Rainy River Gold Mine,
Detour Lake and Goliath.
Over
the past year, the Company has made significant progress on
collecting the data it needs to complete the EIS. This data
collection exercise complements the nearly 10 years of continuous
environmental baseline monitoring and study of the aquatic and
terrestrial environment in the region of Springpole. Over the past
year, the Company has initiated ARD/metal leaching testing of its
tailings and waste rock, installed a climatic station, noise
dosimeters and dust monitors, conducted biophysical baseline
studies and, working with our Indigenous communities, initiated
traditional knowledge and land use studies. Surface water quality
monitoring has been well advanced and will continue as necessary to
support the requirements for submission of the draft EIS in
2021.
Assessing Springpole's Ongoing Exploration Potential
The
Company plans to undertake additional regional exploration at
Springpole, initially focusing on its Satterly Lake property, which
is located to the west of the Springpole deposit, and a small drill
program of 4 to 6 drill holes is being planned for this area. This
property has a favourable regional geological setting within the
Birch-Uchi greenstone belt and proximity to the Swain Lake
Deformation Zone. Exploration will focus on areas of anomalous gold
mineralization along the contact and within the Green Camp
porphyritic stock located in the northern part of the property,
which has been previously identified by historical rock sampling,
channel sampling and drilling. The gold mineralization in the
northern part of the property is widespread with numerous
mineralized zones. The most significant area to date is the Green
Camp area, where the gold mineralization can be traced over a
distance of 220 m x 75 m and to a vertical depth of 130 m, as
defined by six historical drill holes. One historical drill hole
(RB85-05) assayed 1.33 g/t Au over 132 m. The Green Camp is located
approximately 12 kilometres southwest of the Springpole
camp.
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 ongoing with submission of the Environmental Impact
Statement targeted for 2021. The Company also holds a large equity
position in Treasury Metals Inc. that is advancing the
Goliath-Goldlund gold projects towards construction. First Mining's
portfolio of gold projects in eastern Canada also includes the
Pickle Crow (being advanced in
partnership with Auteco Minerals Ltd.), Cameron, Hope Brook,
Duparquet, Duquesne, and Pitt gold projects.
First
Mining was created in 2015 by Mr. Keith Neumeyer, founding
President and CEO of First Majestic Silver Corp.
ON BEHALF OF FIRST MINING GOLD CORP.
Daniel
W. Wilton
Chief Executive Officer and Director
For further information, please contact:
Spiros
Cacos | Vice President,
Investor Relations
Direct:
+1 604 639 8825 | Toll Free:
1 844 306 8827 | Email:
info@firstmininggold.com
www.firstmininggold.com
Note:
1.
These numbers are from the independent technical report titled
"Preliminary Economic Assessment
Update for the Springpole Gold Project, Ontario, Canada",
dated November 5, 2019, which was prepared by SRK Consulting
(Canada) Inc. in accordance with 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)
timing for completion of the trade-off studies that the Company has
been undertaking as part of the Springpole PFS process and the
optimization potential that may be identified as a result of these
studies; (ii) timing for the completion of reviewing the mine plan
optimization and the potential for the mine plan to be improved
from what was in the Springpole PEA; (iii) timing for the
completion of the PFS metallurgical test program and the results of
such program; (iv) further metallurgical test programs during a
feasibility study on Springpole incorporating the study of
potential value increases from the use of recent and significant
industry advances in technology; (v) the PFS for Springpole being
completed by Q1 2021; (vi) timing for the completion of the
condemnation drilling program at Springpole; (vii) submission of
the draft EIS in 2021; (viii) the Company's plans to undertake
additional regional exploration at Springpole by drilling 4 to 6
holes at the Company's Satterly Lake property and the results of
any such drill program; (ix) the Company's focus on advancing its
assets towards production; (x) Treasury Metals advancing
construction on the Goliath-Goldlund gold project; 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: 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.
SOURCE: First Mining Gold Corp.