First Mining Options Additional Land Package Near Springpole Gold Project
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VANCOUVER, BC, April 29, 2021 /PRNewswire/ -
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 an earn-in agreement with Whitefish Exploration Inc. ( Whitefish ) pursuant to which First Mining may earn, over the course of two stages and over a period of five years, up to a 100% interest in Whitefish s Swain Lake property (the Swain Lake Property ) located in northwestern Ontario. First Mining will have the option to earn an initial 70% interest in the Swain Lake Property by making cash payments totaling $200,000, and share payments totaling $425,000, to Whitefish, and by incurring at least $500,000 worth of expenditures on the Swain Lake Property during the first 3 years of the earn-in term. Upon completing the first stage of the earn-in, First Mining will hol
Roscan Gold accelerates drill program; land acquisitions and executive appointments
A drill crew poses for a picture at the Kandiole project in Mali. Photo credit: Roscan Gold.
Since the beginning of the year,
Roscan Gold (TSXV: ROS; US-OTC: RCGCF) has enlarged its land package around its Kandiole project in western Mali from about 250 sq. km to a little over 400 sq. km; completed over 30,000 metres of drilling; and says it’s on track and fully funded to undertake a total of at least 100,000 metres during the course of the full 12 months.
“It will be a newsy year because we’re drilling through the rainy season,” says Nana Sangmuah, the company’s president and CEO. “We were the first to do that in Mali last year and so we should be doing more drilling culminating in a resource estimate in the fourth quarter then commencing engineering studies.”