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| First Mining Gold |
Targeting Major Resource Growth in Quebec’s Abitibi Region
First Mining Gold Corp. [FF-TSX, FFMGF-OTCQX, FMG-Frankfurt] has announced plans to undertake an 18,000-metre exploration drill program at its Duparquet gold project in Quebec’s Abitibi region. This marks the company’s largest drill program since acquiring full ownership of the project in 2022.
The 2025 drill campaign will focus on high-priority targets with strong resource growth potential. The initiative aims to expand Duparquet’s gold endowment and enhance future development flexibility.
Following the announcement, First Mining shares rose by 4.16%, reaching 12.5 cents. The stock trades within a 52-week range of 18.5 cents and 10.5 cents.
Advancing Canada’s Largest Gold Projects
First Mining is a prominent gold developer with two of Canada’s largest gold projects: the Springpole gold project in northwestern Ontario and the Duparquet gold project in Quebec. At Springpole, the company is conducting a feasibility study and continues permitting activities, having published a draft environmental impact statement in June 2022.
Duparquet is a multi-million-ounce, preliminary economic assessment (PEA)-stage development project, located about 50 kilometers north of Rouyn-Noranda. The deposit holds an updated resource of 3.4 million ounces of gold in the measured and indicated category, plus 1.6 million ounces in inferred material.
Well-Positioned for Expansion
Duparquet’s strategic location provides direct access to Quebec’s hydroelectric power grid and provincial highways connecting Rouyn-Noranda and LaSarre. The Abitibi region has a long-standing history of sustainable mining practices, reinforcing Duparquet’s development potential.
Since May 2023, First Mining has completed approximately 20,000 metres of exploration drilling at Duparquet, alongside updated geoscience modeling and targeting. The 2025 drill program builds on these efforts, leveraging derisked target centers while exploring new regional opportunities.
In addition to Duparquet, First Mining holds a significant resource base of 7.3 million ounces of gold in the measured and indicated categories, along with 3.6 million ounces in inferred resources across eastern Canada. Its portfolio also includes the Goldlund project, spanning 28,572 hectares northeast of Dryden, Ontario, where historic mining operations were conducted between 1982 and 1985.
First Mining recently secured approximately $10.8 million through a non-brokered private placement financing, further supporting its exploration and development initiatives.
