ONTARIO – Toronto-based PC Gold has announced an initial mineral resource estimate for the No.22 and 23 veins at its Pickle Crow gold property 400 km northwest of Thunder Bay. They contain 153,000 tonnes averaging 7.5 g/t Au and containing 37,000 oz of gold (cut and diluted).
The additional ounces bring the underground resource to 6.68 million inferred tonnes averaging 5.5 g/t Au or 1.17 million oz of contained gold. About one-third of the resource is in veins grading 9.1 g/t, and the balance in banded iron formation grading 3.7 g/t and recoverable in bulk. There is also a pit resource of 3.63 million inferred tonnes grading 1.1 g/t Au and containing 126,000 oz of gold.
The No. 22 and 23 veins are located at surface within 400 metres of the No.3 shaft on the Pickle Crow property. They represent near surface, high grade ounces similar to was historically mined at Pickle Crow (1.45 million ounces at 16.14 g/t). It was mined from 1935 to 1966.
Technical details and a photo gallery can be viewed at PCGold.ca.