First Mining Provides Update on 2025 Exploration Program at the Duparquet Gold Project and Mobilizes First Drilling Rig
Press Release
March 5, 2025 – Vancouver, Canada – First Mining Gold Corp. (“First Mining” or the “Company”) (TSX: FF) (OTCQX: FFMGF) (FRANKFURT: FMG) is pleased to announce its 2025 exploration programs at the Duparquet Gold Project (“Duparquet Project” or the “Project”) located in the Abitibi region of Quebec, Canada. The 2025 program at the Duparquet Project will be the largest exploration drill program undertaken by the Company since acquiring full ownership of the Project in 2022. First Mining will aim to complete an approximate 18,000 m of exploration drilling this year, focusing on advancing priority targets that are aligned to resource growth potential which will further unlock an important regional gold endowment supportive of future development optionality at the Duparquet Project. The program is built upon key target centres that the Company has previously identified and significantly de-risked, for an expansion of internal successes and recent discoveries while also pursuing new regional exploration opportunities.
The Company commenced its maiden drill program at the Duparquet Project in May 2023. Over the last two years, First Mining has completed approximately 20,000 m of exploration drilling combined with significant updated geoscience modelling and targeting. The exploration strategy continues to be guided by further advancing resource confidence, as well as developing extension and discovery-level targets spanning the approximately 5,800 hectare mineral tenure which covers a 19 km strike length of the highly prospective Destor-Porcupine Fault Zone (“DPFZ”). Initial drill rig mobilization to the property will commence during the first week of March 2025.
“We are excited to embark on a new exploration program that will almost double the amount of drilling completed to date since First Mining acquired the Duparquet Project in 2022,” stated Dan Wilton, CEO of First Mining. “In addition to the 20,000 m of drilling First Mining has completed, the Company inherited 270,000 m of historical drilling at the Project that provides a strong foundation for our understanding of the deposit. We are keen to further advance upon a number of significant exploration opportunities at Duparquet and are extremely excited about potential new catalysts for growth for this important project located in the heart of the Abitibi gold region.”
Highlights from the last three phases of drilling programs include the unlocking of new discovery zones at Miroir, Aiguille (2024) and Buzz (2023), successfully demonstrating resource extensional targets along strike and at depth (Valentre, North Zone, DCD and East Extension), as well as delineating higher-grade zones within key mineralization areas (CDHG, Valentre and North Zone) (see Figure 1, Figure 2 and Table 1 for assay results). In addition, new favourable host lithologies and structures were identified, with significant results returned within mafic volcanic units to the north of the main resource at the North Zone and Miroir targets, and similarly from the south at the Buzz and Aiguille targets, which are hosted in brecciated units in contact with sediments.
Figure 1: Plan view map of Duparquet geology and resource with main targets labelled
Figure 2: Long Section (A-A’) looking north across the Main Duparquet resource area with select targets highlighted
The 2025 exploration drilling program and target selection is supported by a robust geoscience foundation and a comprehensive target catalogue. This framework has been refined through two years of exploration activities, including a property-wide, high-resolution airborne geophysical and LiDAR survey. Additionally, a two-phase 3D Leapfrog geological model update was completed, integrating key geological features across the entire mineral tenure. The Company also conducted two summer field prospecting and mapping campaigns to further advance and refine regional targets.
The exploration program will commence in March 2025 with the Phase 3B winter program, starting with one drill rig and targeting approximately 3,000 m of drilling. The first target of the program will be at the recent discovery zone, Miroir, after which further extensional opportunities at the Central Duparquet-Valentre-Dumico (“CVD”) and East Extension (“EEXT”) targets will be drill tested, concluding with the drill testing of a regional exploration target.
The Company will aim to bring on a second drill rig in Q2 2025 for the Phase 4 program which will be focused on further advancing select targets, namely the North Zone, Buzz, Miroir, Aiguille, and South Zone, and on select resource growth as well as regional targets for an additional forecasted 15,000 metres of exploration drilling for the year.
The 2025 exploration outlook for the Company is to continue to demonstrate that the Duparquet Project has significant exploration potential and that a geoscience systems approach to exploration strategy execution can unlock further value for the Project, which is underpinned by a meaningful resource foundation.
Table 1: Highlights from Previously Disclosed Exploration Drill Results from the Duparquet Gold Project at Select Targets that will be the Focus for the 2025 Drill Program
| Hole ID | From (m) | To (m) | Length (m) | Grade (Au g/t) | Target | |
| DUP24-048 | 6.75 | 26.1 | 19.35 | 3.12 | Miroir | |
| DUP24-048 | inc. | 15.5 | 25.1 | 9.6 | 5.47 | Miroir |
| DUP24-048 | inc. | 22.1 | 25.1 | 3.0 | 11.26 | Miroir |
| DUP24-044 | 545.9 | 549.0 | 3.1 | 8.99 | Aiguille | |
| DUP24-044 | inc. | 548.0 | 549.0 | 1.0 | 15.50 | Aiguille |
| DUP24-036 | 215.20 | 225.40 | 10.20 | 3.27 | Valentre | |
| DUP24-036 | inc. | 220.50 | 225.40 | 4.90 | 5.23 | Valentre |
| DUP24-035 | 157.30 | 160.50 | 3.20 | 4.14 | Valentre | |
| DUP24-035 | inc. | 159.40 | 160.00 | 0.60 | 9.42 | Valentre |
| DUP24-026 | 163.00 | 171.70 | 8.70 | 3.98 | Valentre | |
| DUP24-024 | 448.4 | 453.7 | 5.3 | 10.67 | North Zone | |
| DUP24-024 | 476.0 | 485.0 | 9.0 | 6.63 | North Zone | |
| DUP24-024 | 488.5 | 522.0 | 33.5 | 3.04 | North Zone | |
| DUP24-024 | 534.0 | 567.0 | 33.0 | 5.97 | North Zone | |
| DUP23-008 | 243 | 254 | 11 | 2.83 | CDHG Zone | |
| DUP23-005 | 306 | 312.15 | 6.15 | 2.73 | CDHG Zone | |
| DUP23-002 | 450.8 | 455.4 | 4.60 | 6.52 | Buzz | |
| DUP23-002 | inc. | 452.6 | 454.4 | 1.80 | 12.82 | Buzz |
| DUP23-002 | inc. | 453.5 | 454.4 | 0.90 | 18.60 | Buzz |
| DUP23-002 | 582.0 | 592.4 | 10.40 | 1.19 | Buzz | |
| DUP23-002 | inc. | 587.8 | 588.5 | 0.70 | 3.97 | Buzz |
2025 Exploration Drilling Focus
The 2025 exploration programs at the Duparquet Project will be focused on further defining and characterizing the controls on mineralization, as well as drill testing the extent of the mineralization at the newly discovered Miroir and Aiguille targets and further advancing and testing up to four resource expansion targets at depth and along strike. The First Mining exploration teams have been focusing on updating target models with data from the 2024 drilling and field programs, and by integrating the latest results into the multi-layered geoscience data model, have further delineated key zones for resource expansion and discovery potential.
The North Zone is a priority drilling area for the Company, and the aim is to target higher-grade zones at depth and below the existing mineral resource (Figure 3). The North Zone returned multiple significant intercepts in drill hole DUP24-024 (see Table 1) and this hole, as well as subsequent holes drilled in 2024, supports and demonstrates that there is a secondary higher-grade control on the mineralization on the northern contact of the main deposit which will be the targeting priority for depth extension targets.
Figure 3: North Zone Long Section (B-B’), showing the resource outline and delineation of higher-grade zones
The CVD target area has evolved significantly over the last two years of drilling and the Company has drill tested a 175 m strike target (Valentre) and demonstrated the continuity in mineralization with 142 unique mineralized intercepts in 16 drill holes. The focus of the 2025 follow-up programs at the CVD area is to extend the mineralization at depth, drill test the higher-grade zones delineated and ensure the target area is drilled to a confidence level sufficient for incorporation into a future resource model update (Figure 4).
Figure 4: Central Duparquet, Valentre, Dumico Long Section (C-C’) looking north, highlighting the resource outline, drill spacing, and updated exploration target modelling
Final Disclosure of 2024 Assay Results
The final assay results from the remaining three drill holes of the 2024 program are listed in Table 2, with drill hole location details presented in Table 3.
The Donchester Central Duparquet Zone (“DCD”) drilling strategy was focused on potential resource expansion along strike towards the eastern edge of the North and South Zones. Gold mineralization encountered at the DCD Zone consists of brecciated silica-altered basalt units, with up to 5% fine-grained to very fine-grained disseminated pyrite mineralization. The EEXT drilling strategy was focused on potential resource expansion along the eastern strike extent of the historical Dumico resource area. The EEXT drilling intersected gold mineralization hosted within silica- and sericite-altered rhyolite units, with up to 5% fine-grained to medium-grained disseminated pyrite and stringers of quartz carbonate veining.
The exploration drilling at the DCD and EEXT Zones was successful in intersecting mineralization along strike of the existing mineral resource. Follow-up exploration along these target zones will aim to further validate and delineate the controls on the mineralization and results from the recent drilling of these and other targets on the property will be incorporated into an updated target model to vector towards broader and higher-grade gold zones.
Table 2: Remaining Assay Results from 2024 Phase 3 Drill Program
| Hole ID | From (m) | To (m) | Length (m) | Grade (Au g/t) | Target | |
| DUP24-042 | 68.4 | 70.0 | 1.6 | 1.58 | DCD | |
| DUP24-042 | 92.0 | 93.0 | 1.0 | 0.50 | ||
| DUP24-042 | 122.0 | 127.2 | 5.2 | 4.02 | ||
| DUP24-042 | 135.5 | 136.2 | 0.7 | 0.55 | ||
| DUP24-045 | 188.85 | 190.0 | 1.15 | 11.07 | DCD | |
| DUP24-045 | 213.35 | 214.15 | 0.8 | 2.13 | ||
| DUP24-045 | 252.8 | 254.05 | 1.25 | 1.55 | ||
| DUP24-045 | 262.3 | 263.0 | 0.7 | 0.50 | ||
| DUP24-045 | 273.0 | 274.0 | 1.0 | 0.88 | ||
| DUP24-045 | 276.8 | 277.55 | 0.75 | 0.55 | ||
| DUP24-046 | 136.7 | 137.45 | 0.75 | 0.53 | East Extension | |
| DUP24-046 | 165.4 | 169.0 | 3.6 | 0.51 | ||
| DUP24-046 | 183.8 | 185.65 | 1.85 | 2.49 | ||
| DUP24-046 | 194.25 | 197.75 | 3.5 | 0.98 | ||
| DUP24-046 | 200.0 | 201.0 | 1.0 | 0.70 | ||
| DUP24-046 | 206.0 | 207.0 | 1.0 | 0.94 | ||
| DUP24-046 | 210.0 | 212.0 | 2.0 | 5.61 | ||
| DUP24-046 | inc. | 210.0 | 211.0 | 1.0 | 9.95 | |
| DUP24-046 | 217.0 | 219.85 | 2.85 | 0.84 | ||
| DUP24-046 | 228.5 | 229.25 | 0.75 | 0.49 | ||
| DUP24-046 | 233.8 | 234.8 | 1.0 | 0.68 |
*Reported intervals are drilled core lengths (true widths are estimated at 75-85% of the core length interval; assay values are uncut)
Table 3: 2024 Phase 3 Drill Hole Locations, DCD and EEXT Targets
| Hole ID | Azimuth (°) | Dip (°) | Length (m) | Easting | Northing |
| DUP24-042 | 170 | -55 | 198 | 632871 | 5374214 |
| DUP24-045 | 180 | -63 | 279 | 632756 | 5374263 |
| DUP24-046 | 180 | -47 | 249 | 634347 | 5374018 |
Note: Collar coordinates in UTM NAD 83 z17
About the Duparquet Gold Project
The Duparquet Project is geologically situated in the southern part of the Abitibi Greenstone Belt and is geographically located approximately 50 km north of the city of Rouyn-Noranda. The Project benefits from easy access and proximity to an existing workforce and infrastructure, including road, rail and hydroelectric grid power. The Duparquet Project currently hosts an NI 43-101 compliant gold resource of 3.44 million ounces in the Measured & Indicated category, grading 1.55 g/t Au, and an additional 2.64 million ounces in the Inferred category, grading 1.62 g/t Au. First Mining completed a Preliminary Economic Assessment1 (“PEA”) on the Project in 2023 (see news releases dated September 7, 2023 and October 23, 2023).
The Duparquet Project totals approximately 5,800 hectares focused on an area of 19 km of strike length along the prolific Destor-Porcupine Fault Zone, along with numerous mineralized splays and influential secondary lineaments. The Duparquet Project includes the past-producing Beattie, Donchester and Duquesne mines as well as the Central Duparquet, Dumico and Pitt Gold deposits.
Analytical Laboratory and QA/QC Procedures
All sampling completed by First Mining within its exploration programs is subject to a Company standard of internal quality control and quality assurance (QA/QC) programs which include the insertion of certified reference materials, blank materials and a level of duplicate analysis. Core samples from the 2024 drilling program at Duparquet were sent to AGAT Laboratories, with sample preparation in Val d’Or and analysis in Thunder Bay, where they were processed for gold analysis by 50 gram fire assay with an atomic absorption finish. Samples from selected holes were sent to AGAT Laboratories in Calgary, Alberta, for multi-element analysis (including silver) by inductively coupled plasma (ICP) method with a four acid digest. AGAT Laboratories systems conform to requirements of ISO/IEC Standard 17025 guidelines and meets assay requirements outlined for NI 43-101.
Qualified Person
James Maxwell, P.Geo., VP, Exploration and Project Operations for First Mining, is a “Qualified Person” for the purposes of NI 43-101 Standards of Disclosure for Mineral Projects and has reviewed and approved the scientific and technical disclosure contained in this news release.
About First Mining Gold Corp.
First Mining is a gold developer advancing two of the largest gold projects in Canada, the Springpole Gold Project in northwestern Ontario, where we have commenced a Feasibility Study and permitting activities are on-going with a final Environmental Impact Statement / Environmental Assessment for the project submitted in November 2024, and the Duparquet Gold Project in Quebec, a PEA-stage development project located on the Destor-Porcupine Fault Zone in the prolific Abitibi region. First Mining also owns the Cameron Gold Project in Ontario and a portfolio of gold project interests including the Pickle Crow Gold Project (being advanced in partnership with Firefly Metals Ltd.) and the Hope Brook Gold Project (being advanced in partnership with Big Ridge Gold Corp.).
First Mining was established in 2015 by Mr. Keith Neumeyer, founding President and CEO of First Majestic Silver Corp.
ON BEHALF OF FIRST MINING GOLD CORP.
Daniel W. Wilton
Chief Executive Officer and Director
For further information, please contact:
Toll Free: 1 844 306 8827 | Email: info@firstmininggold.com
Paul Morris | Director, Investor Relations | Email: paul@firstmininggold.com
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