#Canada #Quebec #First Mining #Duparquet Gold

New Gold Discoveries at Duparquet Gold Project

First Mining Gold Corp., a prominent Canadian mining company, has made exciting strides in its exploration efforts by identifying two new gold zones at the Duparquet Gold Project in Quebec. This discovery follows the company’s recent drilling phase, which yielded promising results, highlighting the project's potential for significant resource expansion.

Details of the Discoveries

During a comprehensive drilling program, First Mining reported the discovery of the Miroir Zone and the Aiguille Zone, which are located near the Valentre target area. The Miroir Zone, situated 225 meters north of Valentre, returned impressive assay results of 3.12 g/t Au over 19.35 meters, including a higher-grade interval of 5.47 g/t Au over 9.6 meters. Additionally, the Aiguille Zone, located 150 meters south of Valentre, showed assay results of 8.99 g/t Au over 3.1 meters. These results are part of the 2024 Phase 3 diamond drilling program, which has greatly enhanced the understanding of the mineralization continuity between Central Duparquet, Valentre, and Dumico, signaling a robust opportunity for resource expansion.

In total, 142 unique mineralized intercepts were identified within the Valentre expansion area based on just 16 drill holes. These discoveries not only affirm the existing mineral resources but also underline the area's potential for additional zones of gold mineralization as exploration efforts continue.

Executive Commentary

Dan Wilton, the CEO of First Mining, expressed enthusiasm about the new findings. He remarked, “The discovery of these two new gold zones demonstrates the successful execution of our exploration strategy at Duparquet. With more than two full exploration seasons behind us, our team has consistently delivered exceptional drill results supported by a solid geoscience foundation.” He noted that the existing resource at Duparquet stands at 3.44 million ounces in the Measured and Indicated category, along with an additional 2.64 million ounces classified as Inferred. He believes the new findings affirm Duparquet's position as one of Canada's most promising gold assets, strategically located within the Abitibi gold belt.

Future Exploration Plans

Looking forward, First Mining aims to intensify its exploration drilling, particularly at the newly identified Miroir and Aiguille zones. Plans for 2025 encompass increased drilling that will leverage its recent momentum and further explore new discoveries throughout the Duparquet project. The CVD area is expected to remain a focal point for exploration, given its demonstrated gold mineralization continuity and significant development potential.

Conclusion

The recent discoveries by First Mining Gold Corp. at the Duparquet Gold Project signify an important step in understanding the project's geological framework and enhancing its mineral resource base. With additional drilling on the horizon, stakeholders and investors are keenly watching how these exploration efforts will unfold to potentially unlock further value in this highly prospective region. The findings are a testament to First Mining's commitment to robust exploration practices and the strategic development of one of Canada’s foremost gold projects.