First Mining Consolidates Strategic Land Position at Cameron Gold Project
VANCOUVER, BC , Dec. 3, 2020 |CNW| - First Mining Gold Corp. ("First Mining" or the "Company") (TSX: FF ) (OTCQX: FFMGF ) (FRANKFURT: FMG) is pleased to announce that it has entered into an agreement with Metalore Resources Limited ("Metalore") (TSX.V: MET) pursuant to which First Mining will purchase the East Cedartree claims from Metalore, filling in a strategic piece in First Mining landholdings near the Cameron Gold Project ("Cameron" or the "Project") located 80 km southeast of the city of Kenora in northwestern Ontario . Under the transaction, First Mining will acquire the East Cedartree claims by paying $3 million in cash to Metalore and issuing 3 million First Mining shares to Metalore. The transaction is expected to close on December 9, 2020 . The East Cedartree claims contain an existing mineral resource estimate that was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") and encompass a highly favourable geological setting for new gold discoveries in close proximity to the existing known deposits at the Company's Cameron and West Cedartree properties.
First Mining Consolidates Strategic Land Position at Cameron Gold Project
VANCOUVER, BC , Dec. 3, 2020 |CNW| - First Mining Gold Corp. ("First Mining" or the "Company") (TSX: FF ) (OTCQX: FFMGF ) (FRANKFURT: FMG) is pleased to announce that it has entered into an agreement with Metalore Resources Limited ("Metalore") (TSX.V: MET) pursuant to which First Mining will purchase the East Cedartree claims from Metalore, filling in a strategic piece in First Mining landholdings near the Cameron Gold Project ("Cameron" or the "Project") located 80 km southeast of the city of Kenora in northwestern Ontario . Under the transaction, First Mining will acquire the East Cedartree claims by paying $3 million in cash to Metalore and issuing 3 million First Mining shares to Metalore. The transaction is expected to close on December 9, 2020 . The East Cedartree claims contain an existing mineral resource estimate that was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") and encompass a highly favourable geological setting for new gold discoveries in close proximity to the existing known deposits at the Company's Cameron and West Cedartree properties.