First Mining Gold has commenced a third consecutive year of exploration drilling at its Goldlund Gold Project, 60 kilometres northeast of Dryden.
The Vancouver junior miner is setting the stage for a pivotal year in northwestern Ontario.
Of its five properties in northwestern Ontario, four are classified by the company as “Tier One” projects, the main two being Goldlund and Springpole.
With Goldlund, the company believes it’s a district-scale gold property of more than 28,000 hectares, which basically tracks up both sides of Highway 72 between Dryden and Sioux Lookout.
First Mining acquired Goldlund from Tamaka Gold in 2016. The property once hosted an open pit and underground mine between 1982 and 1985.
The latest resource estimate shows 809,200 ounces of indicated gold and 876,952 ounces in the inferred category at Goldlund.
The company said the main Goldlund deposit remains open along strike to the northeast, to the southwest, and at depth, based on the deep drilling they did last year.
Of particular focus this summer is to examine its Miller prospect, which sits 10 kilometres to the northeast of the main deposit.
As well, they’ve pinpointed additional targets along a 30-kilometre strike length of the property.
In a June 24 news release, First Mining CEO Daniel Wilton is excited to get started.
“The 2018 regional drill program confirmed that the geology and mineralization at the main Goldlund deposit has been demonstrated at Miller, which is located 10 kilometres northeast and along strike of the current resource area. As such, this corridor is a priority exploration area for potential resource growth and a focus for the company’s 2019 work program. Importantly, this work program will continue to advance First Mining’s understanding of Goldlund’s significant exploration upside, with a focus on unlocking the project’s size and district-scale potential.”
Across its stable of properties, Springpole is the most advanced. It sits 110 kilometres northeast of Red Lake.
Picked up from Gold Canyon Resources, it has an indicated resource of 4.67 million ounces of gold and 24,190,000 ounces of silver.
A preliminary economic assessment (PEA) projects a 12-year mine life. First Mining intends to an updated PEA of Springpole this year, updating its mineral resources, and outlining the costs to bring it into production.
