Blueprint
TSX: FF
OTCQX: FFMGF
FRANKFURT: FMG
Exhibit 99.1
First Mining Intersects 4.17 g/t Gold over 41 metres at the
Goldlund Property
September 25, 2019 – Vancouver, BC – First Mining Gold
Corp. (“First Mining” or the
“Company”) (TSX: FF) (OTCQX: FFMGF) (FRANKFURT:
FMG) is pleased to announce initial assay results from the drilling
completed to date at the Miller prospect (“Miller”)
which forms part of the Company’s wholly-owned Goldlund
property (“Goldlund”) in Ontario, Canada. Miller is
located 10 kilometres northeast and along strike of the current
resource area at Goldlund.
Drill highlights from the first seven holes drilled at Miller
include:
●
Hole MI-19-014
intersected 1.57 grams per tonne gold (“g/t Au”) over
207.0 metres (“m”)
o
Including 2.31 g/t
Au over 49.0 m and 4.17 g/t Au over 41.0 m; and
o
Including 55.28 g/t
Au over 1.0 m
●
Hole MI-19-013
intersected 1.09 g/t Au over 182.0 m
o
Including 2.73 g/t
Au over 21.0 m; and
o
Including 35.19 g/t
Au over 1.0 m
●
Hole MI-19-015
intersected 0.97 g/t Au over 167.0 m
o
Including 1.62 g/t
Au over 25.0 m and 1.66 g/t Au over 33.0 m
Dan
Wilton, CEO of First Mining, stated “The initial results from
this year’s drilling at Miller continue to highlight the
regional potential of the Goldlund property and the potential for
resource growth at Goldlund. We have now extended the current
strike length of mineralization at Miller over 450 metres which
remains open to the southwest and at depth, clearly demonstrating
the potential for multiple gold deposits along the 50 kilometres of
strike length at Goldlund.”
The
initial four holes completed (MI-19-009 through MI-19-012) were
step-out holes designed to test the northeast extent of the Miller
mineralization. These holes had no significant mineralization and
indicate that the northeast extension has likely been cut by a
fault (see plan map).
These holes encountered strongly sheared, narrow granodiorite
units, rather than the typical Miller mineralization which consists
of granodiorite with quartz-ankerite veining and sulphides.
Subsequent geophysical data reinterpretation demonstrates clear
drill targets for the northeast extension of Miller, with
additional drilling planned to the northeast to continue to test
for a potential faulted extension of the mineralized zone. The
remaining results reported in this news release consist of drilling
designed to infill the main zone of mineralization at Miller which
was delineated in the 2018 drill program. All three of these holes
intercepted typical Miller mineralization with visible gold and
sulphides.
The
2019 work program at Goldlund has been designed to follow-up on the
successful drill results from Miller in 2018. The program includes
step-out holes both to the northeast and southwest, as well as
infill holes, with drilling to date completed on 25 metre spacing.
This news release incorporates results from the first seven of 25
drill holes planned in 2019 at Miller, with drilling to date
totaling approximately 4,133 metres in 22 holes, and visible gold
noted in many of these holes. Due to the success of the program
extending the Miller zone to the southwest, the work program at
Miller has been increased from the original plan of 14 holes and
3,000 metres. Further drilling is on-going and is currently focused
on following the extent of the mineralized granodiorite to the
southwest at Miller. The results from the remainder of the 2019
program will be released as assay results become
available.
Assay
results have been returned for the first seven holes of the
on-going drill program and are reported in the table
below:
Hole ID
|
From (m)
|
To (m)
|
Length (m)
|
Au g/t
|
Target
|
MI-19-013
|
46.0
|
228.0
|
182.0
|
1.09
|
Miller
|
including
|
46.0
|
50.0
|
4.0
|
9.15
|
|
and including
|
47.0
|
48.0
|
1.0
|
35.19
|
|
and including
|
88.0
|
109.0
|
21.0
|
2.73
|
|
and including
|
107.0
|
113.0
|
6.0
|
3.95
|
|
and including
|
134.0
|
147.0
|
13.0
|
2.67
|
|
MI-19-014
|
3.0
|
210.0
|
207.0
|
1.57
|
Miller
|
including
|
42.0
|
91.0
|
49.0
|
2.31
|
|
and including
|
56.0
|
70.0
|
14.0
|
4.47
|
|
and including
|
60.0
|
61.0
|
1.0
|
26.43
|
|
and including
|
142.0
|
183.0
|
41.0
|
4.17
|
|
and including
|
168.0
|
182.0
|
14.0
|
7.57
|
|
and including
|
168.0
|
169.0
|
1.0
|
55.28
|
|
MI-19-015
|
1.0
|
168.0
|
167.0
|
0.97
|
Miller
|
including
|
1.0
|
26.0
|
25.0
|
1.62
|
|
and including
|
5.0
|
8.0
|
3.0
|
5.40
|
|
and including
|
108.0
|
141.0
|
33.0
|
1.66
|
|
and including
|
120.0
|
122.0
|
2.0
|
5.82
|
|
MI-19-009
|
No significant mineralization
|
Miller
|
MI-19-010
|
No significant mineralization
|
Miller
|
MI-19-011
|
No significant mineralization
|
Miller
|
MI-19-012
|
No significant mineralization
|
Miller
|
Notes:
● Assaying
for the Miller drill program is being completed by SGS Canada Inc.
(“SGS”) at their laboratory in Lakefield, Ontario.
Prepared 50 g samples are analyzed for gold by lead fusion fire
assay with an atomic absorption spectrometry (“AAS”)
finish. Multi-element analysis is also being completed on selected
holes by two-acid aqua regia digestion with ICP-MS and AES
finish.
● Reported
widths are drilled core lengths; true widths are unknown at this
time. Assay values are uncut.
● Intervals
for hole MI-19-013 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 Lakefield.
|
A plan map showing the drill
locations can be viewed at the following link:
https://www.firstmininggold.com/_resources/maps/2019-09-25-Goldlund-NR-Plan-Map.pdf.
A cross
section showing drill results and highlights for MI-19-014 can be
viewed at the following link:
https://www.firstmininggold.com/_resources/maps/2019-09-25-Goldlund-NR-Cross-Section.pdf.
A
complete list of 2019 drill results including hole details can be
viewed at the following link:
https://www.firstmininggold.com/_resources/maps/2019-09-FF-NR-Goldlund-2019-Drill-Results.pdf.
A map
showing the district-scale and regional targets at Goldlund can be
viewed at the following link:
https://www.firstmininggold.com/_resources/maps/2019-06-FF-Goldlund-Regional-District.pdf.
Drill Hole Locations
Hole ID
|
Azimuth ⁰
|
Dip ⁰
|
Final Depth (m)
|
UTM East
|
UTM North
|
MI-19-009
|
140
|
-75
|
167
|
554663
|
5533643
|
MI-19-010
|
315
|
-60
|
170
|
554648
|
5533577
|
MI-19-011
|
140
|
-60
|
161
|
554687
|
5533608
|
MI-19-012
|
320
|
-60
|
236
|
554787
|
5533552
|
MI-19-013
|
140
|
-85
|
251
|
554585
|
5533600
|
MI-19-014
|
140
|
-85
|
245
|
554565
|
5533585
|
MI-19-015
|
140
|
-85
|
224
|
554547
|
5533568
|
QA/QC Procedures
The
QA/QC program for the 2019 regional drilling program at Miller
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 regional 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 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 Gold Corp. is an emerging development company with a
diversified portfolio of gold projects in North America. Having
assembled a large resource base of 7.4 million ounces of gold in the
Measured and Indicated
categories and 3.8 million
ounces of gold in the Inferred category in mining friendly
jurisdictions of eastern Canada, First Mining is now focused on
advancing its material assets towards a construction decision and,
ultimately, to production. The Company currently holds a portfolio
of 24 mineral assets in Canada, Mexico and the United States, and
may acquire additional mineral assets in the future.
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
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 plans to drill a total of 25 holes at Miller in
2019; (ii) the potential for resource growth at Goldlund; (iii) the
potential for multiple gold deposits along the 50 kilometres of
strike length at Goldlund; (iv) the next stage of the
Company’s work program seeking to continue to define the
district-scale potential of the Goldlund property; (v) further
drilling at Miller after the initial 3,000 metres of step-out
drilling; (vi) the timing of the release of assay results from the
remainder of the 2019 program at Miller; (vii) the Company’s
focus on advancing its material assets towards production; and
(viii) 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.
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.