Epic Outlines Initial 440,000-Oz McKinnon Resource in Ontario

Epic outlines initial 440,000-oz McKinnon resource in Ontario

The first compliant resource for Epic Gold’s (CSE: EPG; US-OTC: NFLDF) brownfield McKinnon deposit in Ontario – part of the larger Hawkins project – outlines 440,000 oz. that mostly sit...

Epic Gold Corp. (CSE:EPG) - Four Canadian Gold Projects at a sub-C$10M EV - Research Portal

Epic Gold (EPG) is a gold-focused exploration company with the option to acquire 100% of the Hawkins, Fenton, Wilson, and Benoist gold projects in Ontario and Québec. Yesterday, the company released a MRE for the McKinnon deposit at Hawkins, located ~80 km SW of Hearst, Ontario. The resource came in at 440k oz Au at 0.98 g/t (14.0Mt; all inferred), replacing a 2020 historical estimate of 329k oz at 1.65 g/t. While the headline ounces are 34% above the historical estimate, the grade fell by ~40% with the increase appearing to be largely driven by a lower cut-off and a higher gold price assumption, which added significant low-grade tonnage. Once the full technical report is available, we will look for a full reconciliation against the historical estimate. We note that the underlying data is largely ~40 years old, the recovery assumption rests on seven samples, and the entire resource is inferred. In our view, what Epic Gold now has is a 43-101 compliant, low-grade, bulk-tonnage starting point on an optioned property. We expect additional drilling that proves higher-grade continuity or strike extension along the deformation zone, along with modern met work, to move the needle on the stock.

Nanocap gold miner unveils first official resource estimate

Epic Gold (CSE:EPG) announces a 440,000-ounce inferred resource estimate for its Hawkins project near Hearst, Ontario.

Epic Gold Outlines 440,400 Ounce Inferred Resource at Hawkins Gold Project

Epic Gold (CSE: EPG) has released its first current mineral resource estimate for the McKinnon deposit at the Hawkins gold project in northern Ontario, outlining 440,400 ounces of gold in the inferred category. The estimate, prepared by P&E Mining Consultants, totals 14.0 million tonnes grading 0.98 g/t gold. It’s split between material inside a conceptual […]