Operator

First Mining Gold Corp.

Terms

0.5% NSR

Acquisition Date

2013 / Oct / 04

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 2011 and supports a highgrade underground and open pit operation. The project hosts an Inferred Resource of approximately 10.2 Mt grading 3.9 g/t gold containing approximately 1.3 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.

Recent Activities

February 2017
A diamond drilling program comprised of 9 holes and 1,300 metres targeted several shallow, highgrade vein and banded iron formation hosted targets in the core mine trend. The objective of this exploration program was to test extensions of known vein zones and discover 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. Results from the Fall 2016 drill program included drill-hole PC-16-306 with 1.28 g/t gold over 12.70 metres including 15.14 g/t gold over 0.70 metres in the middle vein zone of the No. 15 vein.

Pickle Crow Royalty MapPickle Crow Royalty Map