First Mining Gold Corp. (“First Mining” or the “Company”) (TSX: FF) (OTCQX: FFMGF) (FRANKFURT: FMG) is pleased to announce results from its 2023 drill program focused on the advancement of its Horseshoe and Atlantis drilling targets in the Birch-Uchi Greenstone Belt Project (“BUGB Project” or the “Project”) located in northwestern Ontario, Canada. Winter drilling at the project comprised a total of eleven drill holes for 2,760 metres focused on three target areas: Saddle, Horseshoe, and Atlantis.
First drilling by the Company at the Horseshoe target included five drill holes totalling 1,589 metres which identified a significant gold mineralization system, with drill highlights including 0.48 g/t Au over 48.5 metres in drill hole HOR23-001, 0.54 g/t Au over 57 metres in drill hole HOR23-002, and 0.64 g/t Au over 24 metres and 0.45 g/t Au over 14.5 metres in drill hole HOR23-003. The Company also completed drilling at the Atlantis target which focused on EM plate modelled targets identified in the 2022 airborne geophysics campaign.
Assays for the Saddle target were previously reported and include gold intercepts of 0.92 g/t Au over 114.0 metres and 0.75 g/t Au over 58 metres (see news release dated July 6, 2023).
Project Highlights
- Initial drill program tested multiple mineralization targets within the Horseshoe target area and successfully intersected mineralization over a 260-m strike length
- Foundational data consolidation and integration with recent airborne geophysics into a preliminary 3D model to further characterize, advance and identify exploration opportunities
- BUGB Project is proving to be prospective with three of four drilled targets identifying meaningful gold mineralization
- Continued advancement and prioritization of exploration opportunities being delivered throughout the project area with opportunities for increased testing
“Our exploration efforts continue to identify and advance new resource growth opportunities within our Birch-Uchi Greenstone Belt project, as demonstrated once again by significant intercepts of meaningful widths and gold grades in our latest results from Horseshoe” stated Dan Wilton, CEO of First Mining . “The results from drilling at the Saddle, Horseshoe and Atlantis targets demonstrate robust gold endowment of this under-explored greenstone belt, all located within proximity of our Springpole Gold Project.”
