Holding company grabs another northwest gold project.

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Vancouver's First Mining Finance is making a move to acquire Tamaka Gold's project near Sioux Lookout.

First Mining announced May 16 that it has signed a "definitive amalgamation agreement" with privately held Tamaka and its 26,000-hectare Goldlund project, halfway between Dryden and Sioux Lookout.

The project's 167 claims and three leases straddle Highway 72, some 20 kilometres north of the Trans-Canada Highway. There was an operating underground and open-pit mine between 1982 and 1985.

The transaction will be voted on at a shareholders meeting in late June.

Tamaka commissioned a technical report and resource estimation update for Goldlund which has not been publicly filed.

First Mining is planning a new report once the Tamaka acquisition is finalized. The company said it will not require any additional exploration, but rather I some analysis of previous assay results.

In a news release, First Mining chair Keith Neumeyer said his company is in full acquisition mode, having picked up 28 projects over the last 12 months.

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