The Pickle Crow property is located in the mining friendly jurisdiction of north-western Ontario about 400 km north of Thunder Bay and 11 km east of the town of Pickle Lake. The property covers an area of 13,184 ha and includes the historic Pickle Crow gold mine site which operated for 31 years from 1935 to 1966, producing some 1.4 million ounces from 3.1 million tons with an average grade of 16.14 g/t gold (0.47 oz/t). Sandstorm´s royalty includes the historic mine and the surrounding 1,583 ha.
A technical report in accordance with NI 43-101 was filed in 2018 and supports a high-grade underground and open pit operation. The project hosts an Inferred Mineral Resource of approximately 9.5 Mt grading 4.1 g/t gold containing approximately 1.2 million ounces of gold.* Extensive infrastructure in place or proximal to the Pickle Crow property includes a 200 tpd gravity mill on site, generators and fuel storage, gravel road access to the property, and a regional airport at Pickle Lake approximately 10 km from the property.
First Mining Gold Corp. completed diamond drill programs in 2016 and 2017 consisting of 1,300 metres and 1,100 metres respectively to test extensions of known vein zones and discover new high-grade gold mineralization.
* Estimated at a cut-off grade of 2.6 g/t gold for underground, 2.0 g/t gold for bulk underground and 0.5 g/t gold for open-pit.
First Mining conducted a comprehensive assessment of historic Pickle Crow tailings through additional auger drilling (85 holes) and metallurgical tests.
First Mining completed a 9-hole diamond drilling program comprised of 1,300 metres with the aim of testing extensions of known vein zones and discovering new high-grade gold mineralization. Gold mineralization was encountered in seven of the nine holes and visible gold was intercepted in the lower most vein of the No. 15 vein structure.