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First Mining Gold (TSX: FF) has released a new resource estimate for the Duparquet gold project located in the Abitibi region of Quebec. The estimate was prepared by InnovExplo in accordance with the NI 43-101 standards, and is an update to its previous estimate from June 2013.
The resource encompasses drill data for 904 holes totalling 270,119 metres and 173,831 sampled intervals, including 57 holes for 9,548 metres drilled that were not included in the 2013 resource.
By incorporating these previous drill holes, Duparquet’s resource has now increased by 327,000 oz. to 3.4 million oz. (69.2 million tonnes at 1.52 g/t) in the measured and indicated category, and by 193,000 oz. to 1.6 million oz. (37.4 million tonnes at 1.36 g/t) in the inferred category. “This resource growth from incorporating the 2013 to 2018 drilling is just the beginning of what we see as immense value potential here at Duparquet,” First Mining CEO Dan Wilton said in a media statement.
“Based on the size of its current resource, Duparquet represents one of the top four undeveloped gold projects in the province of Quebec,” he said. “Its above average M+I open pit grade of 1.52 g/t gold provides excellent mining flexibility and along with its size and location, make it a very versatile deposit amenable to different potential mining scenarios with good future growth potential.”