{"id":392689,"date":"2020-12-03T08:33:34","date_gmt":"2020-12-03T13:33:34","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=392689"},"modified":"2020-12-03T08:33:34","modified_gmt":"2020-12-03T13:33:34","slug":"first-mining-consolidates-strategic-land-position-at-cameron-gold-project","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/first-mining-consolidates-strategic-land-position-at-cameron-gold-project\/","title":{"rendered":"First Mining Consolidates Strategic Land Position at Cameron Gold Project"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n VANCOUVER, BC<\/span>, Dec. 3, 2020<\/span> \/PRNewswire\/ –\u00a0First Mining Gold Corp. (“First Mining” or the “Company”)<\/b>\u00a0(TSX: FF) (OTCQX: FFMGF) (FRANKFURT: FMG) is pleased to announce that it has entered into an agreement with Metalore Resources Limited (“Metalore”) (TSX.V: MET) pursuant to which First Mining will purchase the East Cedartree claims from Metalore, filling in a strategic piece in First Mining landholdings near the Cameron Gold Project (“Cameron” or the “Project”) located 80 km southeast of the city of Kenora<\/span> in northwestern Ontario<\/span>.<\/p>\n

Under the transaction, First Mining will acquire the East Cedartree claims by paying $3 million<\/span> in cash to Metalore and issuing 3 million First Mining shares to Metalore. The transaction is expected to close on December 9, 2020<\/span>. The East Cedartree claims contain an existing mineral resource estimate that was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects<\/i> (“NI 43-101”) and encompass a highly favourable geological setting for new gold discoveries in close proximity to the existing known deposits at the Company’s Cameron<\/span> and West Cedartree properties.<\/p>\n

\n Highlights:<\/b>\n <\/p>\n