PRECIOUS METALS

First Mining finds further success at Miller

Hits 14m at 7.27g/t gold within 169m at 0.88g/t

Staff reporter

This article is 6 years old. Images might not display.

Latest highlights from Miller include 14m at 7.27g/t and 1m at 65.97g/t, within 169m grading 0.88g/t from 32m.
 
Goldlund has an indicated 809,200 ounces of gold and an inferred 876,954o,z according to a March resource update.
 
CEO Dan Wilton said the Miller results continued to highlight the potential to define a number of deposits at the Goldlund property.  
 
He said further regional exploration would focus on geophysical targets of interest but drilling was currently targeting resource expansion at the Goldlund Main Zone.
 
"Strong results along with lower than expected drilling costs have provided us with the opportunity to significantly increase the planned drill programme," Wilton said.
 
The company is also progressing its nearby Springpole gold project in Ontario, releasing an updated preliminary economic assessment last month and telling Mining Journal it did not anticipate any permitting issues.
 
It had raised C$7.4 million in an upsized placement in May at 27c per unit and 36c per flow-through unit.
 
Its shares have ranged from C20.5-41c over the past year and closed unchanged at 23c, to capitalise it at $134.4 million (US$101.2 million).
 

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

editions

ESG Index 2025: Benchmarking the Future of Sustainable Mining

The ESG Index provides an in-depth evaluation of the ESG performance of 60+ of the world’s largest mining companies. It assesses companies across 10 weighted indicators within 6 essential ESG pillars.

editions

Leadership Insights 2025

Leadership Insights reveals key trends in priority mining issues through interviews with 15+ top mining company executives and an industrywide survey.

editions

Mining IQ Risk Analytics

Risk Analytics offers interactive access to World Risk Insight data, allowing you to customise risk views, benchmark jurisdictions, explore data behind scores and read expert commentary to guide your decision-making.

editions

Project Pipeline Index 2025

View our 50 top mining projects, handpicked using a unique, objective selection process from an expanded database of 600+ global assets.