Consolidates Position Around Springpole Gold Project
First Mining Gold Corp. (TSX: FF) (OTCQX: FFMGF) has entered into an earn-in agreement with ALX Resources Corp. under which First Mining, through its wholly-owned subsidiary Gold Canyon Resources Inc., may earn, over the course of two stages and over a period of five years, up to a 100% interest in ALX’s Vixen North, Vixen South and Vixen West properties located near First Mining’s Springpole Gold Project in northwestern Ontario.
The Vixen Properties are comprised of 521 single cell mining claims covering approximately 10,600 hectares.
In addition to entering into the earn-in agreement with ALX to earn into the Vixen Properties, First Mining has acquired additional claims covering approximately 6,000 hectares within the Birch-Uchi Greenstone Belt, including the acquisition of the past-producing, high-grade Sol d’Or mine located adjacent to the Swain Lake Property, on which First Mining has a three-year option agreement with Whitefish Exploration Inc.
With the addition of the Vixen Properties and the New Claims, First Mining now controls over 66,000 hectares in the Birch-Uchi Greenstone Belt and is the largest single claim holder in the region.
“First Mining’s recent land tenure consolidation in the Birch-Uchi Greenstone Belt is another major development for our Company and the region,” CEO, Dan Wilton, said.
“Since the beginning of the year, First Mining has significantly increased its land package around Springpole and believe the Birch-Uchi is the one of the most under-explored and highly prospective gold belts in Canada, with district-scale potential.
“The region hosts several past-producing mines including our newly acquired Sol d’Or mine where there has been demonstrated historical, high-grade exploration potential First Mining intends to undertake a comprehensive regional exploration programme over the next twelve months for the first time since our acquisition of Springpole in 2015 and will be incorporating these newly acquired and optioned claims into the programme.
“First Mining remains focused on advancing and permitting our flagship Springpole Gold Project which hosts the largest known gold deposit in the district and will be a critical strategic asset if more gold resources are found in the region.”
For further information please visit: https://firstmininggold.com/