FF:CC - Dan Wilton First Mining Gold CEO on Outstanding Assets In Canada

2024-03-27 17:08:02 ET

Dan Wilton, CEO of First Mining Gold Corp. discusses their portfolio of gold assets in Canada.

With 7.3 million ounces of indicated gold resources and 3.6 million ounces of inferred gold.

First Mining Gold is now developing a project for another five-million-ounce resource network in North Western Ontario.

That will add to their other great properties in Ontario, Quebec and Newfoundland.

Now in the environmental assessment process, with a preliminary economic assessment. The Springpole Gold Project is already showing very good results.

Drilling two or three kilometres out of 50 resulted in 600 thousand ounces of indicated and 1.8 million of inferred gold.

If this tendency proves to be consistent, this will be one of the largest undeveloped gold projects in Canada.

Seven million ounces of indicated gold resources. And another five million in the inferred category, distributed in four great properties in Ontario, Quebec and Newfoundland.

Plus a portfolio of 24 mineral possessions in Canada, Mexico and the US compose the assets of First Mining Gold.

They have a significant 200 million market cap and a share trading liquidity of almost a million shares a day on average, between Canada and the US.

The new project in North Ontario, already tested for economic assessment and going to an environmental process, has showed a potential for almost five million ounces, according to their CEO, Dan Wilton.

Expecting a pre-feasibility study for 2020, they hope to get in production in five years.

First Mining Gold has a large and well diversified gold resource and now they see the opportunity to build a large gold company in Canada.

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