Tag: TSX:FF

First Mining Options Land Package Near Springpole Gold Project, Canada

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Plan map showing the Swain Post Property and the Springpole Gold Project (CNW Group/First Mining Gold Corp.)

First Mining Gold Corp. (“First Mining” or the “Company”) (TSX: FF) (OTCQX: FFMGF) (FRANKFURT: FMG) is pleased to announce that the Company has entered into a 3-year option agreement with Exiro Minerals Corp. (“Exiro”) pursuant to which First Mining may earn a 100% interest in Exiro’s Swain Post property in northwestern Ontario through future cash and share payments to Exiro during the term of the option, and by completing all assessment work requirements on the property during the option term. The Swain Post property comprises 237 single cell mining claims covering nearly 5,000 hectares. It is located approximately 20 km west of the Springpole Gold Project (“Springpole”) and approximately 5 km west of First Mining’s western-most property boundary at Springpole. read more

First Mining Announces Positive Pre-Feasibility Study for the Springpole Gold Project, Ontario, Canada

Pre-Tax NPV5% of US$1.5 billion, Pre-Tax IRR of 36%
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Pre-Tax NPV5% of US$1.5 billion, Pre-Tax IRR of 36%
After-Tax NPV5% of US$995 million, After-Tax IRR of 29%
Average Annual Gold Production of 335,000 ounces and AISC of US$577/oz in Years 1 through 9 read more