Epic Gold Corp. (CSE: EPG) (OTCQB: NFLDF) (FSE: 6341) has announced an initial current Mineral Resource Estimate (MRE) of approximately 440,000 ounces of gold at the McKinnon Deposit within its optioned Hawkins Gold Project, located about 80 kilometers south-southwest of Hearst, Ontario. The estimate, prepared in accordance with National Instrument 43-101, is based on a database of 185 drill holes totaling 33,414 meters and supersedes the project's previously disclosed historical estimate.
The MRE comprises 14 million metric tons grading an average of 0.98 grams per metric ton gold, including a pit-constrained Inferred Mineral Resource of 360,000 ounces at 0.89 grams per metric ton and an out-of-pit underground Inferred Mineral Resource of approximately 80,000 ounces at 1.82 grams per metric ton. The estimate assumes a gold price of $3,500 per ounce and a 93% recovery rate. According to the company, the McKinnon Deposit extends approximately 3.7 kilometers along a substantially longer mineralized structure, with most of the estimated resource located within approximately 200 meters of the surface. For investors seeking detailed market data, the Epic Gold (CSE: EPG) (OTCQB: NFLDF) (FSE: 6341) quote page offers comprehensive financial information.
Epic Gold plans systematic exploration along the broader Puskuta Deformation Zone, followed by depth-extension and infill drilling to evaluate potential resource expansion and improve confidence in the existing estimate. The company is also considering modern metallurgical testing. The entire resource remains classified as Inferred, and mineral resources do not have demonstrated economic viability. To view the full press release, visit this link or https://ibn.fm/tXxvK. For more information about the company, visit https://epicgoldcorp.com/.
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For Calgary and Western Canada, the news highlights the continued attractiveness of Canadian gold exploration projects to investors and the role of robust communications in bringing such opportunities to a wide audience. The Hawkins project's proximity to infrastructure and shallow mineralization could support future economic development, though the Inferred classification means further drilling and studies are required to establish viability. As gold prices remain elevated, resource estimates like this one may draw attention to juniors with scalable assets. The full terms of use and disclaimers for InvestorWire content are available at https://www.InvestorWire.com/Disclaimer.
