Cameron Gold Project

On June 9, 2016, First Mining Finance Corp. (First Mining") completed the acquisition of the Cameron Gold Project from Chalice Gold Mines Limited. Cameron is an advanced-stage resource project located in the highly mineralized Kakagi Lake Greenstone Belt of the Archean-aged Superior Province located in southwestern Ontario, approximately 80 km south-east of the town of Kenora. The project consists of a total of 154 unpatented claims, 24 patented claims, seven mining licenses of occupation (MLO) and four mining leases for a total land package of 42,894 hectares.

Project Highlights:

  • Advanced stage exploration project
  • Measured Resource: 3.7Mt grading 2.64 g/t containing 0.32 Moz. Au
  • Indicated Resource: 5.2 Mt grading 2.03 g/t containing 0.34 Moz. Au
  • Inferred Resource: 14.9 Mt grading 1.91 g/t containing 0.92 Moz. Au
  • Excellent infrastructure including year round road access to the property from a highway and powerlines within 20km
  • Large land package with considerable exploration upside potential

  • Resource CategoryTonnes
    (Rounded)
    Gold Grade
    (g/t)
    Contained Gold Ounces (Oz.’s)
    Measured3,723,0002.64316,000
    Indicated5,154,0002.03336,000
    Inferred14,900,0001.91917,000

    Notes:

    (a) Resource is based on the technical report entitled ‚ÄúTechnical Report on the Cameron Gold Deposit, Ontario, Canada‚ÄĚ, dated effective December 16, 2015 and available at www.sedar.com under the SEDAR profile of Chalice Gold Mines Limited.

    (b) The rounding of tonnes may result in apparent differences between tonnes, grade and contained ounces.

    (c) Mineral resources that are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental permitting, legal, title, taxation, sociopolitical, marketing or other relevant issues.

    (d) The mineral resource for the Cameron Gold Project includes the Cameron, Dubenski and Dogpaw deposits.