Pickle Crow. JV with Auteco September 29, 2020 – Vancouver, Canada – First Mining Gold Corp. (“First Mining” or the “Company”) (TSX: FF) (OTCQX: FFMGF) (FRANKFURT: FMG) is pleased to report initial results from the 2020 diamond drill program currently underway at its Pickle Crow Gold Project (“Pickle Crow” or the “Project”) located in northwestern Ontario, Canada. Auteco Minerals Ltd (“Auteco”) (ASX: AUT), First Mining’s partner on Pickle Crow, is advancing the Project by completing a 45,000 metre (“m”) drill program aimed at expediting resource growth and testing multiple walk-up targets.
To date, drilling has intersected high-grade gold mineralization in numerous areas up to 250 m outside the current resource area, with additional targets identified for further drilling in 2020.
Highlights:
- Hole AUDD0017 intersected 99.35 grams per tonne gold (“g/t Au”) over 0.6 m
- Including 181 g/t Au over 0.3 m
- Hole AUDD0019 intersected 19.64 g/t Au over 1.6 m
- Including 59.5 g/t Au over 0.5 m
- Hole AUDD0013 intersected 24.45 g/t Au over 1.7 m
- Including 122.0 g/t Au over 0.3 m
“We are excited with the initial results intersected by our partner’s ongoing drill program”, stated Dan Wilton, CEO of First Mining. “Auteco’s drill program at Pickle Crow has shown initial success and continues to enlarge the areas of known mineralization and highlight the Project’s resource expansion potential.”
Auteco commenced its maiden drilling program at Pickle Crow in May this year. To date, nineteen holes totaling 4,464 m have been completed, with assays returned for nine holes and partial assays for a further six holes. Drilling has been successful in intersecting shallow, high-grade mineralization and these results are being followed up with an expanded 45,000 m resource definition and discovery program now underway on site. A 24-person, all-season camp has been established on site to support exploration activities.
To expedite resource growth and enable exploration step-outs, a third drill rig will be mobilized in the coming weeks as part of the expanded drilling program.
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.
Auteco can earn up to an 80% interest in the Company’s wholly-owned subsidiary PC Gold Inc. (“PC Gold”), which owns the Project, and their aggressive drilling program is now fully funded following its recent A$30.4m capital raising.
A plan map showing the Pickle Crow mineralized trend, highlighting the latest drill results and new identified zones of mineralization, can be viewed at:
https://www.firstmininggold.com/_resources/news/2020-09-FF-Pickle-Crow-Drill-Results.pdf