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 approximately 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. It includes 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 resource estimate is based on a database of 185 drill holes totaling 33,414 meters. Epic Gold noted that 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 near-surface concentration could facilitate lower-cost extraction methods, although the entire resource remains classified as Inferred and mineral resources do not have demonstrated economic viability. For investors, the announcement marks a significant milestone for Epic Gold, as it provides a modern, compliant resource estimate that can serve as a foundation for future economic studies. For the gold mining industry, it underscores the continued potential of exploration in established Canadian mining jurisdictions like Ontario.
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 to better understand recovery characteristics. These steps could lead to resource growth and potentially upgraded classification in the future. The full press release is available at 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/. The announcement was disseminated by InvestorWire, a specialized communications platform focused on advanced wire-grade press release syndication. InvestorWire is one of 75+ brands within the Dynamic Brand Portfolio @ IBN that delivers access to a vast network of wire solutions, article and editorial syndication to 5,000+ outlets, enhanced press release enhancement, and social media distribution to millions of followers. With broad reach and a seasoned team, IW is uniquely positioned to serve private and public companies seeking wide audience engagement.
For readers, this news highlights the potential for further resource development in a prolific gold region, which could impact local economies through job creation and investment. The mining sector may see increased interest in similar projects, while investors in Epic Gold and the broader gold market will monitor exploration results and metallurgical studies for signs of economic viability. The company’s plans for systematic exploration and infill drilling could lead to resource expansion, offering potential upside. However, the Inferred classification implies significant uncertainty, and economic viability has not been established. As with any exploration-stage mining investment, risks are inherent. Full terms of use and disclaimers applicable to all content provided by InvestorWire are available at https://www.InvestorWire.com/Disclaimer.
