First Mining Announces Further Drilling Results from the 2017-2018 Drill Program at Its Goldlund GOLD Project
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FIRST MINING ANNOUNCES FURTHER DRILLING RESULTS
FROM THE 2017-2018 DRILL PROGRAM AT ITS GOLDLUND GOLD PROJECT
May 15, 2018
VANCOUVER, BC, CANADA – First Mining Gold Corp. (“First Mining” or the “Company”)
is pleased to announce this fourth set of Phase 2 infill drilling results, comprising 11 drill holes,
from its diamond drill program within Zone 1 (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.
The Company is now planning to move forward with the next phase of its 2018 exploration
programs, which will include mapping, sampling and drilling of the northeastern and
southwestern extents of the known strike lengt h on the Goldlund property. This summer, First
Mining plans to conduct an exploration drill campaign in these areas of approximately 14 holes
for 2,000 metres of diamond drilling.
Jeff Swinoga, President and Chief Executive Officer of First Mining, stated, “These latest drill
holes complete the 16,000 metre Phase 2 infill drilling campaign designed to provide greater
confidence in the gold mineralization within Zone 1 at Goldlund. During this phase, 33 of 38
holes intersected gold mineralization and the drilling was confined to a strike length of only 2 to
3 kilometres, whereas the total strike length of the Goldlund property is estima ted to be
approximately 50 kilometres. We are very excited to proceed with our next phase of exploration
drilling on several highly prospective and underexplored areas along the strike length of the
Goldlund property and outside of the known resource area.”
The 11 drill hole results (Figure 1) presented in this news release represent the final round of
infill holes which targeted gold mineralization in Zone 1 . All 11 holes encountered gold
mineralization. As with some of the other previously reported holes targeting Zone 1, these holes
were positioned to avoid intersecting several levels of historic underground workings from
previously mined areas of Zone 1 . Accordingly, we believe some of the holes may not have
reached the key mineralized zones which occur closer to the footwall of the zone.
The 2017/2018 drilling campaigns at Goldlund have b een designed to accomplish four primary
objectives:
Convert Inferred Mineral Resources within the resource area (Zones 1, 5 and 7) into the
Indicated Mineral resource 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.
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 geology
and gold mineralization for drill holes GL-17-117, GL-17-139 and GL-18-140 (results reported in
the Company’s previous news releases dated February 8, 2018 and April 17, 2018), plus GL-18-
141, GL-18-142 and GL-18-143.
Table 1. Drill Hole Assay Results from Goldlund
Hole ID From (m) To (m) Length (m) Au g/t
GL-18-141
GL-18-141 316.0 352.0 36.0 0.71
inc 320.0 322.0 2.0 1.11
and inc 332.0 334.0 2.0 4.13
and inc 344.0 346.0 2.0 1.24
and inc 350.0 352.0 2.0 2.87
and 372.0 410.0 38.0 0.29
inc 372.0 374.0 2.0 1.33
GL-18-142 GL-18-142 126.0 136.0 10.0 0.59
inc 134.0 136.0 2.0 1.92
GL-18-143
GL-18-143 286.0 288.0 2.0 1.94
and 324.0 326.0 2.0 1.84
and 358.0 426.0 68.0 0.28
inc 386.0 388.0 2.0 2.27
and inc 408.0 410.0 2.0 1.04
and inc 424.0 426.0 2.0 1.84
GL-18-144
GL-18-144 7.18 47.0 39.82 0.55
inc 7.18 9.0 1.82 3.89
and inc 23.0 29.0 6.0 1.20
and 191.0 231.0 40.0 0.28
and inc 221.0 223.0 2.0 2.50
GL-18-145
GL-18-145 112.0 134.0 22.0 0.28
inc 112.0 114.0 2.0 1.05
and 234.0 246.0 12.0 0.23
GL-18-146
GL-18-146 11.0 19.0 8.0 0.78
inc 17.0 19.0 2.0 1.43
and 155.0 161.0 6.0 1.04
Hole ID From (m) To (m) Length (m) Au g/t
inc 155.0 157.0 2.0 2.81
and 175.0 205.0 30.0 0.27
inc 195.0 201.0 6.0 0.50
and 227.0 229.0 2.0 1.70
GL-18-147 GL-18-147 100.0 156.0 56.0 0.18
inc 138.0 140.0 2.0 2.89
GL-18-148
GL-18-148 14.0 16.0 2.0 1.06
and 110.0 206.0 96.0 0.43
inc 110.0 112.0 2.0 1.09
and inc 126.0 128.0 2.0 1.38
and inc 150.0 156.0 6.0 0.99
and inc 184.0 196.0 12.0 0.90
and inc 204.0 206.0 2.0 1.03
GL-18-149
GL-18-149 48.0 72.0 24.0 0.54
inc 52.0 60.0 8.0 0.99
and inc 70.0 72.0 2.0 1.18
GL-18-150
GL-18-150 4.0 26.0 22.0 0.35
inc 14.0 16.0 2.0 1.08
and inc 18.0 20.0 2.0 1.54
and 162.0 200.0 38.0 0.28
inc 162.0 164.0 2.0 2.24
GL-18-151 GL-18-151 106.0 124.0 18.0 0.50
inc 108.0 110.0 2.0 3.08
Assaying for the 2017/2018 Goldlund drill programs is 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 f ire
assay with an atomic absorption spectrometry (AAS) finish. Multi-element analysis on the mineralized zones is also being undertaken
by two-acid aqua regia digestion with ICP-MS and AES finish.
Figure 1. Plan Map
Table 2. Drill Hole Locations
Hole ID Azimuth ° Dip ° Final Depth
(m) UTM East UTM North Section
GL-18-141 0 -90 410 547100 5527430 547100E
GL-18-142 0 -90 290 547150 5527500 547150E
GL-18-143 0 -90 449 547150 5527480 547150E
GL-18-144 0 -90 335 547200 5527540 547200E
GL-18-145 0 -90 359 547200 5527520 547200E
GL-18-146 0 -90 305 547250 5527560 547250E
GL-18-147 0 -90 371 547250 5527540 547250E
GL-18-148 0 -90 251 547300 5527590 547300E
GL-18-149 0 -90 302 547300 5527570 547300E
GL-18-150 0 -90 200 547350 5527610 547350E
GL-18-151 0 -90 251 547350 5527590 547350E
Figure 2. Cross-Section through the Goldlund Project
QA/QC Procedures
The QA/QC program for the 2017/2018 drilling programs 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 sam ples (3% of total). The standards used in the 2017 /2018 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 duplica tes. 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., CO O 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 approximatel y 280 square kilometres
(28,000 hectares) referred to as the Goldlund Gold Project. The Property has a st rike-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 c onstrained Indicated Mineral Resources of 9.3 million
tonnes at 1.87 g/t gold, or 560,000 ounces of gold. At a 0.4 g/t gold cut-off grade, the Goldlund
deposit contains pit constrained Inferred Mineral Resources of 40.9 million tonnes at 1.33 g/t
gold, or 1,750,000 ounces of gold. The technical report for this resource estimate, which is titled
“Technical 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.
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 7 million ounces of
gold in the Measured and Indicated categories and 5 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 production. The Company currently holds a portfolio of 25 mineral
assets in Canada, Mexico and the United States.
For further informati on, please contact Jeff Swinoga, President and CEO 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 are not
limited to, statements with respect to: (i) the estimated amount and grade of Mineral Resources at
Goldlund; (ii) future exploration activities by First Mining on other regional targets on the Goldlund property
that are outside the current resource boundary; (iii) the potential for exploration upside at Goldlund ; (iv)
the Company’s plans to conduct a step-out drill campaign consisting of 14 holes for 2,000 metres of
diamond drilling in the northeastern and southwestern extents of the known strike length on the Goldlund
property areas; and (v) the Company moving forward with the next phase of its 2018 exploration program.
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 abo ve, 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. Al though the Company’s
management considers these assumptions to be reasonable based on information currently 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 from 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, 201 7 filed with the Canadi an
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 potentia l 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 rel ease 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 to the term
"reserves”. Under U.S. standards, mineralization may not be classified as a "reserve” unless the
determination has been made that the mineralizat ion 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 Cana dian 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.