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 14 million metric tons grading an average of 0.98 grams per metric ton gold, and includes a pit-constrained Inferred Mineral Resource of 360,000 ounces at 0.89 g/t and an out-of-pit underground Inferred Mineral Resource of approximately 80,000 ounces at 1.82 g/t. 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 underpinned by a database of 185 drill holes totaling 33,414 meters, and it covers the McKinnon Deposit, which extends approximately 3.7 kilometers along a substantially longer mineralized structure. Most of the estimated resource is located within about 200 meters of the surface. 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.
This announcement matters because it provides the first current, NI 43-101-compliant resource estimate for the Hawkins project, replacing a historical estimate and giving investors a clearer picture of the deposit’s size and grade. The presence of a defined resource, even if entirely classified as Inferred, can be a key step toward project advancement and may attract further investment. However, the company notes that the entire resource remains classified as Inferred and that mineral resources do not have demonstrated economic viability, meaning further work is needed to confirm whether the deposit can be economically mined.
Epic Gold is a well-funded gold exploration company anchored by historical gold resources across its four projects. For more information, visit https://epicgoldcorp.com/. The full press release is available at https://ibn.fm/tXxvK.
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