Campaigning for northwestern gold.

First Mining Finance thinks there are more ounces to be had on its gold property between Dryden and Sioux Lookout.

The Vancouver mineral holding company announced the Jan. 24 start of a 27,000-metre winter drilling campaign at its Goldlund Gold Project.

Goldlund is a 26,600-hectare project straddling Highway 72. The ground once hosted an underground and open-pit mine between 1982 and 1985.

It picked up Goldlund in a deal with Tamaka Gold last June, along with the Pickle Crow project near Pickle Lake, the Springpole Gold Project northeast of Red Lake, and the Cameron project north of Rainy Lake.

The focus at Goldlund is on infill and step-out drilling of the property's Zone Seven, believed to host more mineralized material.

Two rigs are now turning with a third to be added as the program ramps up.

On Jan. 9, First Mining released numbers for Goldlund showing 560,000 ounces of gold in the indicated pit category and 1,750,000 ounces in the inferred pit category.

The company aims to push Goldlund to a preliminary economic assessment (PEA) level. The timing of any PEA has yet to be determined.

First Mining is out to pick up more prospective ground.

The company said it has signed purchase agreements...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT