Epic Gold Corp. (CSE: EPG) (OTCQB: NFLDF) (FSE: 6341) has reported 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. 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 roughly 80,000 ounces at 1.82 grams per metric ton. The estimate assumes a gold price of $3,500 per ounce and a 93% recovery rate, and it supersedes the project's previously disclosed historical estimate.
This initial MRE matters because it provides a modern, NI 43-101-compliant foundation for a project that had previously relied on historical numbers. The estimate is supported by a database of 185 drill holes totaling 33,414 meters, giving the resource a robust technical basis. The McKinnon Deposit extends approximately 3.7 kilometers along a substantially longer mineralized structure, with most of the estimated resource located within about 200 meters of the surface. That shallow depth is significant: it suggests potential for low-cost open-pit mining, while the higher-grade underground portion at 1.82 grams per metric ton offers additional optionality.
For investors, the announcement de-risks the Hawkins Project and highlights the possibility of resource expansion. Epic Gold plans systematic exploration along the broader Puskuta Deformation Zone, followed by depth-extension and infill drilling to evaluate potential resource growth and improve confidence in the existing estimate. The company is also considering modern metallurgical testing. The entire resource remains classified as Inferred, and mineral resources do not have demonstrated economic viability, but the scale and location of the deposit could attract further attention.
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 full press release is available at https://ibn.fm/tXxvK, and additional market data can be found at Epic Gold (CSE: EPG) (OTCQB: NFLDF) (FSE: 6341).
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