First Mining Gold
Duquesne, Duparquet and Pitt Projects
Duparquet:
Location: Next to town of Duparquet, Québec, Canada
Area: 1,147 hectares
Metals: Gold
Duquesne:
Location: 16 km east of the town of Duparquet
Area: 2,323 hectares
Metals: Gold
Pitt:
Location: 35 km north of the town of Rouyn-Noranda and 7 km east of the village of Duparquet
Area: 384 hectares
Metals: Gold
On April 8, 2016, First Mining completed a business combination transaction with Clifton Star Resources Inc. to acquire a 100% interest in the Duquesne Gold Project and a 10% interest in the Duparquet Gold Project. On April 28, 2016 First Mining acquired the Pitt Gold Project from Brionor Resources Inc. The Duquesne, Duparquet and Pitt projects are all proximal to each other and are located within the Abitibi Region of Québec which is one of the world’s most prolific gold producing regions, having yielded almost 200 million ounces of gold.
Highlights:
- The Duquesne, Duparquet and Pitt projects are all closely situated along the Abitibi Gold Belt
- 100% interest in two other early stage precious metal projects in Québec
Attributable Mineral Resource Estimates (43-101 Compliant):
Measured and Indicated Resources*
Inferred Resources*
* General Notes for Above Resources:
a) The rounding of tonnes may result in apparent differences between tonnes, grade and contained ounces.
b) Mineral resources that are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental permitting, legal, title, taxation, sociopolitical, marketing or other relevant issues.
(1) Notes for Duparquet:
- Based on the NI 43-101 technical report titled “Technical Report and Prefeasibility Study for the Duparquet Project (according to National Instrument 43-101 and Form 43-101F1)", which has an effective date of March 26, 2014, and a signature date of May 23, 2014. The report is available at www.sedar.com under the SEDAR profile for Clifton Star Resources Inc.
- Cut-off grade = >0.45 g/t Au (Tailings), >0.45 g/t Au (In-pit), > 2.00 g/t Au (Underground)
- Gold price assumption = CDN$1,450 per ounce.
- First Mining owns 100% of the Central Duparquet Property, and a 10% indirect interest in the Duparquet Gold Project. The Measured, Indicated, and Inferred mineral resources for Duparquet shown in the above table reflect both of these ownership interests.
(2) Notes for Duquesne:
- Based on the technical report titled “43-101 Technical Report Resource Estimate of The Duquesne Gold Property” dated July 26, 2011, which is available at www.sedar.com under the SEDAR profile for Clifton Star Resources Inc.
- Cut-off grade = 1.0 g/t Au without taking into account the width and no dilution was applied when the horizontal width was 1 metre or less.
(3) Notes for Pitt:
- Based on the technical report titled “NI 43-101 Technical Report and Review of the Preliminary Resource Estimate for the Pitt Gold Project, Duparquet Township, Abitibi Region, Quebec, Canada” dated January 5, 2017, which was prepared for First Mining by Micon International Limited in accordance with NI 43-101, and which is available under First Mining's SEDAR profile at www.sedar.com.
- Cut-off grade = 3 g/t Au, Minimum block width = 1.5 metres, Dilution grade = 0 g/t, Capping grade = 35 g/t Au.
Source: https://firstmininggold.com/projects/quebec/duquesne-duparquet-pitt-projects/
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