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Dec 13, 2019

   

SAMSSA News

Pickle Crow Project

2  MIN READ

Pickle Crow Project
PHOTO GALLERY

Overview:

Location: Close to township of Pickle Lake, Ontario, Canada
Area: 13,184 hectares
Metals: Gold
On November 16, 2015, First Mining Gold Corp. (“First Mining”) completed the acquisition of PC Gold Inc., which wholly owned the Pickle Crow Gold Project (“Pickle Crow”). The Pickle Crow property is located in the mining friendly jurisdiction of northwestern Ontario, Canada and the project hosts a NI 43-101 compliant inferred resource of approximately 9.5 Mt grading 4.1 g/t gold containing approximately 1.23 million ounces of gold.

Project Highlights

Formerly a high-grade operating mine until the 1960s
High-grade underground and open pit resources:
Inferred Resource: 9.5 Mt at 4.1 g/t Au containing 1,230,500 ounces of gold
Extensive infrastructure in-place or proximal to project including:
200 tonnes per day (tpd) gravity mill onsite
Generators and fuel storage
Paved road access to property
Within 10 km of paved airport at Pickle Lake
Project is located within a pro-mining jurisdiction that is covered by the Treaty Nine First Nations Agreement
Pickle Crow Mineral Resource Estimate for Gold*

Inferred Resource
Tonnes
Diluted
Au Grade (g/t)
Cut-off
Au Grade (g/t)
Contained
Au (oz.)
Underground
7,565,000
4.73
4.73
1,150,700
Open Pit
1,887,000
1.3
0.50
79,800
Total
9,452,000
4.1

1,230,500
Notes:

* Based on the technical report titled “An Updated Mineral Resource Estimate for the Pickle Crow Property, Patricia Mining Division, Northwestern Ontario, Canada” dated June 15, 2018 and available at www.sedar.com under First Mining Gold.’s SEDAR profile

* Diluted to a minimum 1.0 metre width.

* Entirely classified as an inferred mineral resource.

* The narrow-vein, selective underground component of the mineral resource has been estimated at a cut-off grade of 2.6g/t Au.

* The long-hole bulk underground (moderate-grade) component of the mineral resource has been estimated at a cut-off grade of 2.0 g/t Au.

* The open pit (low-grade) component of the mineral resource has been estimated at a pit discard cut-off grade of approximately 0.5 g/t Au, using a preliminary Whittle pit shell to constrain the resource estimate and other assumed pit parameters.

* The mineral resource has been estimated using a gold price of US$1,300/oz.

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