- Write by:
-
Thursday, April 13, 2023 - 00:25:55
-
120 Visit
-
Print
Mining News Pro - Canada’s First Mining Gold said on Wednesday it had identified additional mineralization at its Springpole gold project in Northwestern Ontario thanks to its 2022 drilling program.
The gold exploration and development company said the newly detected mineralization, in the SW Extension Zone, extends beyond the ore zone boundary as defined in the 2021 pre-feasibility study.
The company said this means that the deposit continuity could be extended outside the current mineral resource area.
“Our team at First Mining had always understood there was more potential to the current resource at Springpole and are encouraged by these results,” chief executive Dan Wilton said in the statement.
The Springpole gold project is one of Canada’s largest open-pit deposits, set to produce more than 300,000 ounces a year. The asset has a mineral resource estimate of 4.67 million ounces of gold and 24.19 million ounces of silver in the indicated category, and 0.23 million ounces of gold and 1.01 million ounces of silver in the inferred category.
First Mining has been growing its landholding in Quebec, with the acquisition of the Porcupine East property from Iamgold (TSX: IMG) in January this year.
The asset is strategically located next to the company’s Duparquet gold project, its second main project, and connects Pitt and Duquesne to the east.
The Vancouver-based company also owns the Cameron gold project in Ontario and a portfolio of precious metals project interests, including the Pickle Crow Gold Project (being advanced in partnership with Auteco Minerals), the Hope Brook Gold Project (with Big Ridge Gold Corp), an equity interest in Treasury Metals, and a portfolio of 20 royalties.
Short Link:
https://www.miningnews.ir/En/News/622812
South African diversified miner Sibanye Stillwater is discussing with lenders to temporarily lift limits on borrowings, ...
Canada’s mining industry is pushing for an carveout to the federal government’s proposed increase to capital gains ...
Africa-focused Montage Gold announced Thursday it has received a ministerial order granting all environmental approvals ...
Newmont Corp. has no plans to expedite a decision on its $2.5 billion Yanacocha Sulfides project, dashing the Peruvian ...
China’s central bank added 60,000 troy ounces of gold to its reserves in April, official data showed on Tuesday, ...
Gold rose after mixed signals from the US, where optimism is growing the economy is on target for a soft landing as the ...
Executives from Saudi Arabian mining company Manara Minerals are in Islamabad to continue talks about buying a stake in ...
Harmony Gold said on Thursday an employee working on planned rail maintenance had died at its Mponeng mine in South ...
Emerging North American gold producer Contango ORE is boosting its landhold in Alaska with the acquisition of Canada’s ...
No comments have been posted yet ...