Post by
lithiums on Oct 01, 2020 9:07am
Globe says First Mining's Pickle Crow excites Ihle
Globe says First Mining's Pickle Crow excites Ihle
2020-10-01 08:49 ET - In the News
The Globe and Mail reports in its Thursday, Oct. 1, edition that H.C. Wainwright & Co. analyst Heiko Ihle says First Mining Gold's (48 cents) Pickle Crow project in Northwestern Ontario is exhibiting "various high-grade characteristics." The Globe's David Leeder writes that Mr. Ihle, with an unchanged "buy" rating, trimmed his share target to $1.20 from $1.40. Analysts on average target the shares at $1.22. Mr. Ihle says in a note: "We highlight a series of intercepts from the current drill program that display potential for high-grade gold mineralization at site. Notably, hole AUDD0017 returned 99.35 grams per tonne (gpt) gold over 0.6 metres, which included a sub-interval consisting of 181 grams per ton (gpt) gold over 0.3 metres. Additionally, hole AUDD0013 returned 24.45 gpt gold over 1.7 metres, including 122.0 gpt gold over 0.3 metres. We highlight the spatial context of these holes, which also illustrates the untested potential of a variety of vein extensions throughout the property. We remain excited about First Mining advancing its Springpole project amid the recently closed bought deal and silver stream financing that should support the completion of its PFS and the environmental assessment."
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