Epic Gold Corp. Epic Gold (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, 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 MRE assumes a gold price of $3,500 per ounce and a 93% recovery rate, and it supersedes the project’s previously disclosed historical estimate. The estimate is based on a database of 185 drill holes totaling 33,414 meters. Epic Gold said 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.
This initial resource estimate is significant for Epic Gold as it provides a modern, NI 43-101-compliant foundation for the Hawkins Project, replacing a historical estimate and offering a clearer picture of the deposit’s potential. The near-surface nature of most of the resource could facilitate future development, while the deeper underground component adds optionality. The company 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. Epic Gold is also considering modern metallurgical testing.
The entire resource remains classified as Inferred, and mineral resources do not have demonstrated economic viability. This means further drilling and studies are required to upgrade the resource to higher confidence categories and assess economic potential. Nevertheless, the announcement marks a key milestone for the company as it advances the Hawkins Project.
To view the full press release, visit https://ibn.fm/7UgYc or https://ibn.fm/tXxvK.
Epic Gold Corp. is a well-funded gold exploration company anchored by historical gold resources across its four projects. For more information, visit https://epicgoldcorp.com/.
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