First Mining Announces Initial 2024 Duparquet Exploration Drilling Results
Highlights include the Company's first ever targeting of the
returning 3.11 g/t Au over 13.16 m and 3.07 g/t Au over 10.32 m
Highlights include drill hole DUP24-018 returning 3.11 g/t Au over 13.16m, and hole DUP24-019 returning 3.07 g/t Au over 10.32m and 3.19 g/t over 4.53m. These results, coupled with additional holes through the winter program, continue to support ongoing testing and delineation of deeper mineralization trends at the
"These initial results from our winter program are encouraging and continue to demonstrate the upside potential at the
The Phase 2 winter program commenced in
Hole ID |
|
From (m) |
To (m) |
Length (m) |
Grade (Au g/t) |
Target |
DUP24-018 |
|
144.00 |
144.69 |
0.69 |
20.00 |
|
DUP24-018 |
|
175.52 |
188.68 |
13.16 |
3.11 |
|
DUP24-018 |
|
376.47 |
377.00 |
0.53 |
11.70 |
|
DUP24-018 |
|
385.82 |
399.97 |
14.15 |
1.53 |
|
DUP24-018 |
inc. |
393.74 |
394.24 |
0.50 |
17.70 |
|
DUP24-019 |
|
87.94 |
98.26 |
10.32 |
3.07 |
|
DUP24-019 |
inc. |
90.35 |
91.20 |
0.85 |
9.19 |
|
DUP24-019 |
|
102.30 |
106.83 |
4.53 |
3.19 |
*Reported intervals are drilled core lengths (true widths are estimated at 75-85% of the core length interval, assay values are uncut) |
A plan map of the select Phase 2B winter exploration targets and drillhole locations are presented in Figure 1, and assay highlights of the initial holes from the 2024 Phase 2B drill program are presented in Table 1, with full assay results returned listed in Table 2 and drill hole locations included in Table 3.
Drill hole DUP24-018 (Figure 3) was drilled across the mineralized shear zone at the northern contact of the Beattie syenite body and returned multiple intercepts of significant gold values. Highlights from the main mineralized shear zone include 20 g/t Au over 0.69 m at 144 to 144.69 m and 0.94 g/t Au over 3.78 m at 149.22 to 153 m that is hosted within a strong sheared and silica-altered basalt, and 3.11 g/t Au over 13.16 m at 175.52 to 188.68 m that is hosted within highly sheared and altered porphyritic syenite unit. This main zone has been characterized as a higher-grade area that is interpreted to have a strong potential for continuity down-plunge. First Mining has undertaken a systematic approach to explore this and a number of similar trends that will build further confidence in targeting drill extensions to depth in an effort to expand the mineral resource.
Additionally, further downhole within drill hole DUP24-018, several significant intercepts occur at 376.47-377.0 m which returned 11.70 g/t Au over 0.53 m, and at 385.82 - 399.97 m which returned 1.53 g/t Au over 14.15 m, including 17.70 g/t Au over 0.50 m from 393.74 - 394.24 m. These intercepts are all hosted within the syenite, and mineralization is associated with shearing, brecciation, and zones of silica and sericite alteration, increased veining and up to 1% disseminated pyrite.
Hole DUP23-019 (Figure 4) was drill testing additional higher-grade zones along the mineralized shear zone at the northern contact of the Beattie syenite body. Highlights from the main mineralized shear zone include 0.7 g/t Au over 1 m at 84.5 to 85.5 m, 3.07 g/t Au over 10.32 m at 87.94 to 98.26 m (including 9.19 g/t Au over 0.85 m), and 3.19 g/t Au over 4.53 m at 102.3 to 106.83 m. These significant intercepts are hosted within syenite that is associated with strong silica and sericite alteration, quartz carbonate veining covering up to 40% of the core in localized areas, and up to 10% disseminated pyrite.
A new brownfields discovery target outside of the main Beattie syenite was identified in the 2023 summer campaign. The Rex Target (Figure 6) borders the northern contact of the Beattie Syenite and is approximately 500 m from the current mineral resource, and is hosted at the contact of a regional D2 structure where it is coincident with mafic volcanic stratigraphy established in mapping and supported by geophysical magnetic expression. A mafic volcanic surface grab sample collected during 2023 (sample 571507) returned 0.694 g/t Au, and a historical drill hole, DON10-122, returned 0.87 g/t Au over 9 m from 348.5 - 357.5m. First Mining has further tested the area with the drilling of two exploration holes the Rex Target during the winter 2024 program (DUP24-020 and DUP24-021), targeting a steep D2 structure that is projected from surface. The structure was intersected in both holes, with DUP24-021 returning 0.73 g/t Au over 3.85 m from 205.85 – 209.70 m, and 0.61 g/t Au over 1.0 m from 267.7 to 268.70 m. Mineralization is hosted within a brecciated graphitic structure with quartz carbonate veining and up to 1% disseminated sulphides. Additional follow-up exploration including an airborne magnetic survey will further support ongoing field work in advancing next steps for the Rex Target.
"Our first 2024 drill results at Duparquet demonstrate our ability to open up exploration space with a systematic, integrated geoscience approach", stated
Exploration activities will be advancing at the Duparquet project through 2024 with continued focus on the drilling, regional field work programs, the airborne geophysical magnetic and LiDAR surveys as well as a property wide expanded 3D geological and target model.
Hole ID |
|
From (m) |
To (m) |
Length (m) |
Grade (Au g/t) |
DUP24-018 |
|
130.95 |
131.50 |
0.55 |
0.49 |
DUP24-018 |
|
144.00 |
144.69 |
0.69 |
20.00 |
DUP24-018 |
|
149.22 |
153.00 |
3.78 |
0.94 |
DUP24-018 |
inc. |
149.22 |
149.80 |
0.58 |
3.35 |
DUP24-018 |
|
175.52 |
188.68 |
13.16 |
3.11 |
DUP24-018 |
|
192.00 |
192.88 |
0.88 |
0.44 |
DUP24-018 |
|
209.00 |
210.00 |
1.00 |
0.47 |
DUP24-018 |
|
210.88 |
211.64 |
0.76 |
0.45 |
DUP24-018 |
|
212.40 |
213.00 |
0.60 |
0.47 |
DUP24-018 |
|
247.20 |
248.34 |
1.14 |
0.58 |
DUP24-018 |
|
252.19 |
252.95 |
0.76 |
0.60 |
DUP24-018 |
|
256.00 |
257.65 |
1.65 |
0.99 |
DUP24-018 |
|
264.00 |
264.68 |
0.68 |
0.58 |
DUP24-018 |
|
271.20 |
271.70 |
0.50 |
0.70 |
DUP24-018 |
|
278.47 |
280.32 |
1.85 |
1.41 |
DUP24-018 |
|
321.21 |
321.90 |
0.69 |
0.91 |
DUP24-018 |
|
376.47 |
377.00 |
0.53 |
11.70 |
DUP24-018 |
|
385.82 |
399.97 |
14.15 |
1.53 |
DUP24-018 |
inc. |
393.74 |
394.24 |
0.50 |
17.70 |
DUP24-018 |
|
408.00 |
409.00 |
1.00 |
1.50 |
DUP24-018 |
|
425.00 |
428.00 |
3.00 |
1.52 |
DUP24-018 |
|
436.05 |
437.00 |
0.95 |
0.49 |
DUP24-018 |
|
439.86 |
441.00 |
1.14 |
0.68 |
DUP24-019 |
|
63.00 |
64.00 |
1.00 |
0.58 |
DUP24-019 |
|
84.50 |
85.50 |
1.00 |
0.70 |
DUP24-019 |
|
87.94 |
98.26 |
10.32 |
3.07 |
DUP24-019 |
inc. |
90.35 |
91.20 |
0.85 |
9.19 |
DUP24-019 |
|
102.30 |
106.83 |
4.53 |
3.19 |
DUP24-020 |
no significant assay results |
||||
DUP24-021 |
|
205.85 |
209.70 |
3.85 |
0.73 |
DUP24-021 |
|
267.70 |
268.70 |
1.00 |
0.61 |
*Reported intervals are drilled core lengths (true widths are estimated at 75-85% of the core length interval; assay values are uncut) |
Table 3: Phase 2B Winter Drill Hole Locations,
Hole ID |
Azimuth (°) |
Dip (°) |
Length (m) |
Easting |
Northing |
DUP24-018 |
185 |
-68 |
531 |
631782 |
5374621 |
DUP24-019 |
10 |
-45 |
150 |
631542 |
5374501 |
DUP24-020 |
0 |
-47 |
300 |
633009 |
5374503 |
DUP24-021 |
0 |
-53 |
348 |
633104 |
5374461 |
Note: Collar coordinates in UTM NAD 83 z17 |
1 See
All sampling completed by First Mining within its exploration programs is subject to a Company standard of internal quality control and quality assurance (QA/QC) programs which include the insertion of certified reference materials, blank materials and a level of duplicate analysis. Core samples from the 2023 drilling program at
Louis Martin,
First Mining is a gold developer advancing two of the largest gold projects in
First Mining was established in 2015 by Mr.
ON BEHALF OF FIRST MINING GOLD CORP.
Chief Executive Officer and Director
This news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian and
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. 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. Such factors include, without limitation the Company's business, operations and financial condition potentially being materially adversely affected by the outbreak of epidemics, pandemics or other health crises, such as COVID-19, and by reactions by government and private actors to such outbreaks; risks to employee health and safety as a result of the outbreak of epidemics, pandemics or other health crises, such as COVID-19, that may result in a slowdown or temporary suspension of operations at some or all of the Company's mineral properties as well as its head office; 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
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.
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Technical disclosure contained in this news release has not been prepared in accordance with the requirements of
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