Exploring New Horizons: First Mining's Duparquet Gold Project

Breaking Ground at the Duparquet Gold Project

First Mining Gold Corp. is making significant strides in resource expansion at its Duparquet Gold Project. With recent drilling results from their Phase 3 diamond drilling program, the company is revealing promising potential in both the Buzz Zone and North Zone targets. An impressive total of 4,194 meters has been drilled across six holes in these areas, aimed at demonstrating growth opportunities in key resource expansion targets.

Drilling Highlights from the Buzz Zone

Drilling at the Buzz Zone has yielded remarkable results over a strike length of 170 meters, indicating consistent mineralization. Noteworthy drill hole DUP24-028 has returned assays of 1.55 g/t Au over 15.4 meters, including a notable segment of 3.08 g/t Au over 5.3 meters. Similarly, drill hole DUP24-029 recorded 1.19 g/t Au over 35.3 meters and 2.63 g/t Au over 14.0 meters, showcasing encouraging grades and widths. This under-explored area holds immense potential for further resource growth and expansion opportunities.

Understanding the Geological Structure

The Buzz Zone is situated directly south of the existing mineral resource, characterized by complex geological formations, including sheared and brecciated zones that interact with the margins of the Beattie syenite. Notably, this area remains open for further exploration both up and down-dip and is positioned for follow-up drilling campaigns, focusing on its underexplored potential.

Expanding Horizons in the North Zone

In tandem, the North Zone drilling campaign continues to show promise, as First Mining works to extend the mineralization strike towards the eastern area beyond previous exploration limits. An additional 2,319 meters were drilled, contributing to a measured 130 meters extension of the current resource. Highlights from this campaign include drill hole DUP24-032, which returned 4.00 g/t Au over 5.70 meters, including a remarkable 6.65 g/t Au over 2.0 meters. These results highlight the consistent grade continuity of the North Zone, paving the way for further exploration.

Significance of the Beattie Syenite Contact

The North Zone's location along the northern Beattie syenite-mafic volcanic contact is crucial, hosting higher-grade mineralization along splay structures affiliated with the Destor-Porcupine Fault Zone. This geological relationship further enhances its exploration value as it demonstrates the potential for significant high-grade gold deposits.

Ongoing Exploration and Future Prospects

The Phase 3 drilling program began earlier this year and has thus far totaled 9,564 meters. With 4,557 meters of outstanding results yet to be reported, First Mining anticipates final results by the end of the year. Initial findings indicate that both the Buzz Zone and North Zone have considerable resource growth potential, which can be advanced through comprehensive exploration phases moving forward.

Corporate Commitment to Sustainable Exploration

First Mining's Chief Executive Officer, Daniel W. Wilton, expressed satisfaction with the latest drilling updates, emphasizing the company's focused strategy on advancing the Duparquet project. The operational strategy emphasizes the integration of geoscience and sustainable practices in exploration efforts.

About the Duparquet Gold Project

The Duparquet Gold Project spans approximately 5,800 hectares along the renowned Destor-Porcupine Fault Zone. The project currently houses an NI 43-101 compliant gold resource of 3.44 million ounces in Measured and Indicated categories and an additional 2.64 million ounces in the Inferred category. The company has slated a Preliminary Economic Assessment for the project, shaping the path towards sustainable mining practices.

Future Exploration Activities

As the 2024 exploration programs conclude, a focus remains on interpreting complex geochemical and geophysical data, with a view to delineating further resource expansion targets. Moreover, the coming year’s drilling campaigns aim to refine the understanding of mineralization trends and continue optimizing exploration strategies.

Frequently Asked Questions

What recent results has First Mining Gold Corp announced?

First Mining Gold Corp has revealed positive results from its Phase 3 drilling program at the Duparquet Gold Project, notably from the Buzz and North Zones, showcasing valuable gold assays.

What is the significance of the Buzz Zone?

The Buzz Zone is crucial for potential resource growth, with significant gold grades preliminarily indicating strong mineralization over a length of 170 meters.

How is drilling being conducted at the Duparquet project?

First Mining has undertaken extensive drilling across multiple holes, aiming to demonstrate growth opportunities in prioritized open-ended resource expansion areas.

What are the company's future plans for the Duparquet Gold Project?

First Mining aims to advance deeper exploration in both the Buzz Zone and North Zone while integrating new geoscience data to identify additional growth opportunities.

Who is overseeing the exploration efforts at First Mining?

Louis Martin, P.Geo., serves as the Senior Geologic Consultant and is responsible for overseeing the technical aspects of exploration efforts under NI 43-101 standards.

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