Vancouver’s First Mining Finance has finalized its acquisition of Tamaka Gold and its Goldlund gold project, near Sioux Lookout.
"The closing of the Tamaka transaction marks our eighth acquisition since listing the company on the TSX-Venture Exchange in April, 2015,” said First Mining chairman Keith Neumeyer in a June 17 news release. “We believe Goldlund has tremendous exploration potential and we are very pleased with the portfolio of high-quality gold assets we have accumulated to date. First Mining plans to now focus on enhancing the value of its current assets while monitoring the market for additional accretive acquisition opportunities."
With Goldlund, First Mining intends to commission an updated 43-101 compliant resource estimate and technical report on the project to confirm previous assay results. No addition exploration or drilling is expected at this time, the company said.
It’s the fourth gold property First Mining has acquired in northwestern Ontario and second this month.
On June 9, First Mining acquired the Cameron Gold project from Chalice Gold Mines. The property is 80 kilometres southeast of Kenora.
Last November, First Mining picked up the Springpole Gold project, located 110 kilometres northeast of Red Lake, from Gold Canyon Resources; and the Pickle Crow Gold project from PC Gold. That property is situated 10 kilometres from the Pickle Lake airport.
