First Mining Announces Exploration and Infill Drilling Results FOR Its Goldlund GOLD Project
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FIRST MINING ANNOUNCES EXPLORATION AND INFILL DRILLING
RESULTS FOR ITS GOLDLUND GOLD PROJECT
February 8, 2018
VANCOUVER, BC, CANADA – First Mining Gold Corp. (“First Mining” or the “Company”)
is pleased to announce the exploration and infill drilling results, comprising 14 drill holes, from
its diamond drill program within Zones 1 and 5 (See Tables 1 and 2) at First Mining’s 100%
owned Goldlund Gold Project (“Goldlund”), located near the town of Sioux Lookout in
northwestern Ontario, Canada.
Drilling Highlights:
Hole GL-17-128 intersected 3.0 metres of 10.76 grams per tonne gold
o including 1.0 metre of 30.27 grams per tonne gold
Hole GL-17-119 intersected 16.0 metres of 1.15 grams per tonne gold
o including 2.0 metres of 3.69 grams per tonne gold
Hole GL-17-126 intersected 10.0 metres of 1.50 grams per tonne gold
o including 2.0 metres of 3.58 grams per tonne gold
Note: Assaying for the 2017 and 2018 Goldlund drill programs are being done by SGS Canada Inc. (“SGS”) at their laboratories
in Red Lake, ON. and Burnaby, BC. Reported widths are drilled core lengths; true widths are unknown at this time. Assay values
are uncut.
The 2017 /2018 drilling campaign s at Goldlund are designed to accomplish four significant
objectives:
Convert Inferred resources within the resource area (Zones 1, 5 and 7) into the
Measured and Indicated resources category;
Test drill deeper exploration targets within Zone 7;
Identify and add additional mineralization within areas that are adjacent to the current
resource boundary; and
Test drill additional exploration targets within other areas (outside of the current
resource boundary) within the Goldlund Gold Property.
On February 5, 2018, the Company released results of the four deep Zone 7 holes (GL-17-
010, GL -17-051, GL -17-106 and GL -17-108). All four holes demonstrated that gold
mineralization at Goldlund continues to considerable depths.
The 14 drill hole results (Figure 1) presented in this news release are from the following Zones:
GL-17-114; GL-17-115; GL-17-118 and GL -17-119 are infill holes targeting the area
between Zones 1 and 5. All four holes intersected gold mineralization;
GL-17-116; GL-17-117 and GL-17-123 to GL-17-128 are also infill drill holes that are
located within Zone 1. Six of the eight holes intersected gold mineralization; and
GL-17-120 and GL -17-121 were exploration drill holes that were targeting potential
additional hanging wal l mineralization outside of the current resource area, south of
Zone 5. Neither of these holes intersected gold mineralization.
In February 2018, First Mining will complete the remaining infill holes within Zones 1 and 5 and
will then commence drilling regional exploration targets that are outside the current resource
boundary.
Jeff Swinoga, the Chief Executive Officer of First Mining, stated, “These latest drill holes were
designed to provide greater confidence in the gold mineralization which is currently confined
within a strike length of only 2 to 3 kilometres, whereas the total estimated strike length is
estimated to be approximately 30 kilometres . Our next focus will be to carry out exploration
drilling on several highly prospective and underexplored areas of the Goldlund property. I am
very excited to see how these future drill results will support our confidence in the continued
gold mineralization along strike at Goldlund.”
Gold observed during the current drilling program at Goldlund occurs both as fine
disseminations in quartz vein stockworks and as more discrete larger grains up to 2 mm
spatially associated with pyrite in the quartz veins. Calaverite, a gold telluride mineral, has
been noted occasionally in higher grade intervals on fracture surfaces in the quartz veins.
Higher grade gold distribution in the granodiorite dike is often, but not always, associated with
zones of more intense quartz stockworking and potassic alteration. Figure 2 below displays a
cross-section of the ge ology and gold mineralization for drill holes GL-17-125 to GL-17-127,
and GL-17-116.
Table 1. Drill Hole Assay Results from Goldlund
Assaying for the 2017 and 2018 Goldlund drill programs are being done by SGS at their laboratories in Red Lake, Ontario and
Burnaby, BC. Prepared samples are analyzed for gold by either Bulk Leach Extractable Gold (BLEG) assay techniques or by
lead fusion fire assay with an atomic absorption spectrometry (AAS) f inish. Multi-element analysis on the mineralized zones is
also being undertaken by two-acid aqua regia digestion with ICP-MS and AES finish.
Hole ID From (m) To (m) Length (m) Au g/t
GL-17-114 58.0 88.0 30.0 0.13
inc 86.0 88.0 2.0 0.52
GL-17-115 270.0 310.0 40.0 0.19
inc 278.0 284.0 6.0 0.49
and inc 292.0 294.0 2.0 1.02
and 436.0 438.0 2.0 1.66
and 578.0 622.0 44.0 0.78
inc 578.0 584.0 6.0 1.97
and inc 578.0 580.0 2.0 5.11
and inc 590.0 606.0 16.0 1.07
and inc 600.0 602.0 2.0 4.11
GL-17-116 303.0 305.0 2.0 0.83
and 341.0 343.0 2.0 0.80
and 385.0 387.0 2.0 3.12
GL-17-117 238.9 326.0 87.1 0.41
inc 238.9 248.0 9.1 1.26
and inc 286.0 296.0 10.0 1.56
and inc 294.0 296.0 2.0 6.66
GL-17-118 176.0 178.0 2.0 0.59
and 686.5 687.5 1.0 1.54
GL-17-117
GL-17-114
GL-17-115
GL-17-116
GL-17-118
Table 1 (continued). Drill Hole Assay Results from Goldlund
Hole ID From (m) To (m) Length (m) Au g/t
GL-17-119
GL-17-119 277.0 293.0 16.0 1.15
inc 281.0 287.0 6.0 2.11
and inc 281.0 283.0 2.0 3.69
and 444.0 470.0 26.0 0.42
inc 446.0 448.0 2.0 4.31
and 712.0 714.0 2.0 1.15
GL-17-120 GL-17-120 no significant mineralization
GL-17-121 GL-17-121 no significant mineralization
GL-17-123 GL-17-123 no significant mineralization
GL-17-124 GL-17-124 no significant mineralization
GL-17-125
GL-17-125 170.0 226.0 56.0 0.39
inc 170.0 172.0 2.0 1.59
and inc 192.0 194.0 2.0 2.26
and inc 218.0 220.0 2.0 2.47
and inc 224.0 226.0 2.0 1.93
GL-17-126
GL-17-126 298.0 308.0 10.0 1.50
inc 298.0 300.0 2.0 3.58
and 318.0 320.0 2.0 0.97
GL-17-127
GL-17-127 284.0 330.0 46.0 0.51
inc 284.0 286.0 2.0 2.40
and inc 296.0 298.0 2.0 1.84
and inc 328.0 330.0 2.0 3.04
GL-17-128
GL-17-128 135.0 137.0 2.0 1.05
and 181.0 183.0 2.0 1.65
and 212.0 215.0 3.0 10.76
inc 214.0 215.0 1.0 30.27
Figure 1. Plan Map
Figure 2. Cross-Section through the Goldlund Project
Table 2. Drill Hole Locations
QA/QC Procedures
The QA/QC program for the 2017 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 2017 program consist
of 5 different gold grades ranging from 1 to 9 g/t, 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 for screened metallic fire assay analysis and to an umpire lab for check
assaying. SGS also undertake their own internal coarse and pulp duplicate analysis to ensure
proper sample preparation and equipment calibration.
Dr. Chris Osterman, P.Geo., COO of First Mining, is the “qualified person” for the purposes of
National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) and he
has reviewed and approved the scientific and technical disclosure contained in this news
release.
ABOUT THE GOLDLUND PROJECT
The Goldlund deposit is situated within a land package of approximately 280 square kilometres
(28,000 hectares) referred to as the Goldlund Gold Project. The Property has a strike -length
of over 50 kilometres in the Wabigoon Subprovince. Goldlund is an Archean lode-gold project
located in northwestern Ontario, approximately 60 kilometres from the township of Dryden.
The claims that make up the land package cover the historic Goldlund and Windward mines.
On January 9, 2017, the Company announced an initial mineral resource estimate for Goldlund
that was prepared by WSP Canada Inc. in accordance with NI 43–101. At a 0.4 g/t Au cut-off
grade, the Goldlund deposit contains pit constrained Indicated Resources of 9.3 million tonnes
at 1.87 g/t Au, or 560,000 ounces of gold. At a 0.4 g/t Au cut -off grade, the Goldlund deposit
contains pit constrained Inferred Resources of 40.9 million tonnes at 1.33 g/t Au, or 1,750,000
ounces of gold. The technical report for this resource estimate , which is titled “Technica l
Report and Resource Estimation Update on the Goldlund Project” and is dated February 7,
2017, is available under the Company’s SEDAR profile at www.sedar.com, and is also
available on the Company’s website at www.firstmininggold.com.
Hole ID Azimuth ° Dip ° Final Depth (m) UTM East UTM North Section
GL-17-114 0 -90 692 547191 5527452 547200E
GL-17-115 0 -90 653 546979 5527320 547000E
GL-17-116 0 -90 692 546702 5527170 546700E
GL-17-117 153 -69 740 546966 5527541 546950E
GL-17-118 153 -90 744.4 547237 5527379 547250E
GL-17-119 0 -90 749 547214 5527414 547200E
GL-17-120 333 -50 350 547360 5527190 547350E
GL-17-121 333 -50 476 547370 5527180 547350E
GL-17-123 0 -90 350 546700 5527225 546700E
GL-17-124 0 -90 413 546700 5527200 546700E
GL-17-125 0 -90 230 546750 5527300 546750E
GL-17-126 0 -90 347 546750 5527275 546750E
GL-17-127 0 -90 404 546750 5527250 546750E
GL-17-128 0 -90 221 546800 5527310 546800E
ABOUT FIRST MINING GOLD CORP.
First Mining Gold Corp. is an emerging development company with a diversified portfolio of
gold projects in North America. Having assembled a large resource base of seven million
ounces of gold in the Measured and Indicated categories and five million ounces of
gold in the Inferred category in mining friendly jurisdictions of eastern Canada, First Mining
is now focused on advancing its assets towards productio n. The Company currently holds a
portfolio of 25 mineral assets in Canada, Mexico and the United States.
For further information, please contact Patrick Donnelly, President at 604-639-8854, or Derek
Iwanaka, Vice President of Investor Relations at 604 -639-8824, or visit our website at
www.firstmininggold.com.
ON BEHALF OF FIRST MINING GOLD CORP.
“Keith Neumeyer”
Keith Neumeyer
Chairman
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 a re not
limited to, statements with respect to: (i) the estimated amount and grade of Mineral Resources at
Goldlund; and (ii) the potential for exploration upside at Goldlund. 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. The most significant assumptions are set forth above, but
generally these assumptions include: (i) the presence of and continuity of metals at Goldlund at
estimated grades; (ii) the capacities and durability of various machinery and equipment; and (iii) success
in realizing proposed drilling programs. Although the Company’s management considers these
assumptions to be reasonable based on information cur rently available to it, they may prove to be
incorrect.
By their very nature, forward -looking statements involve inherent risks and uncertainties, both general
and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements
will not be achieved or that assumptions do not reflect future experience. We caution readers not to
place undue reliance on these forward-looking statements as a number of important factors could cause
the actual outcomes to differ materially f rom the beliefs, plans, objectives, expectations, anticipations,
estimates assumptions and intentions expressed in such forward-looking statements. These risk factors
may be generally stated as the risk that the assumptions and estimates expressed above do not occur
as forecast, but specifically include, without limitation: (i) risks relating to variations in the mineral content
within the material identified as Mineral Resources from that predicted; (ii) general risks related to
exploration drilling programs; (iii) developments in world metals markets; (iv) risks relating to fluctuations
in the Canadian dollar relative to the US dollar; (v) management’s discretion to refocus the Company’s
exploration efforts and/or alter the Company’s short and long term business plans; and (vi) the additional
risks described in First Mining's Annual Information Form for the year ended December 31, 2016 filed
with the Canadian securities regulatory authorities under the Company’s SEDAR profile at
www.sedar.com, and in First Mining’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 o r 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
National Instrument 43-101 Standards of Disclosure for Mineral Projects ("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 United States Securities and Exchange Commission ("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 t o 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 i s 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 shou ld 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.