First Mining Gold Corp. Discovers New Gold Zones at Duparquet Project

First Mining Gold Corp. (TSX: FF, OTCQX: FFMGF, FRA: FMG) has made significant strides in its exploration efforts at the Duparquet Gold Project in Quebec, Canada, with the identification of two new gold zones during its recent drilling campaign. The findings from the 2024 Phase 3 diamond drilling program highlight the potential for substantial resource growth in this promising area.

The newly identified Miroir Zone, located 225 meters north of the Valentre target, returned impressive assay results of 3.12 grams per tonne (g/t) gold over 19.35 meters, including a higher-grade interval of 5.47 g/t over 9.6 meters. Meanwhile, the Aiguille Zone, situated 150 meters south of Valentre, yielded even more striking results with assays showing 8.99 g/t gold over 3.1 meters. These discoveries are part of a broader trend of mineralization continuity within the Central Duparquet, Valentre, and Dumico areas, collectively referred to as the CVD area.

The recent drilling campaign has produced a total of 142 unique mineralized intercepts across 16 drill holes in the CVD area. This extensive data set not only reinforces the existing mineral resource base, currently estimated at 3.44 million ounces (Moz) of Measured & Indicated resources and 2.64 Moz of Inferred resources, but also indicates a strong potential for further discoveries as exploration continues.

Dan Wilton, CEO of First Mining, expressed confidence in the exploration program’s success: “With more than two full exploration seasons now under our belt at Duparquet, our team is producing exceptional drill results with a degree of predictability supported by a robust geoscience foundation.” This sentiment reflects the company’s strategic focus on expanding its resource base in one of Canada’s most gold-rich regions.

Looking ahead to 2025, First Mining plans to intensify its drilling efforts at both the Miroir and Aiguille zones to explore their full potential further along strike and at depth. The CVD area has already demonstrated significant upside value for the Duparquet project, and ongoing explorations aim to enhance this growth trajectory.

James Maxwell, VP of Exploration and Project Operations at First Mining, stated that the company anticipates expanded outcomes with each additional drill meter: “We are planning for increased drilling programs that will capitalize on our momentum through a continued opening of the exploration space at Duparquet.” This proactive approach is expected to solidify Duparquet’s position as a leading gold asset within the Abitibi Greenstone Belt.

The gold mineralization within the CVD area is primarily hosted in silica and sericite-altered syenite units, often associated with very fine-grained disseminated pyrite. The presence of dark smokey quartz veins further enhances the geological context for gold deposition in this region. The favorable geological settings observed at both Miroir and Aiguille suggest that these new zones could yield additional high-grade mineralization as exploration progresses.

With robust assay results from new zones and a strategic focus on resource expansion, First Mining is focused on unlocking further value from its assets while contributing to the growing narrative of gold exploration in Quebec’s Abitibi region.

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