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.
In June 2020, a JORC Inferred Resource estimate was released with 830,000 ounces of gold contained in 2.3 Mt at a grade of 11.6 g/t gold (3.5 g/t cut-off grade). The Inferred Resource is located within a 3.5 kilometre section and is adjacent to existing underground mine development and infrastructure.
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.
Auteco Minerals Ltd. entered into an option agreement with First Mining Gold in January 2020 whereby they can acquire up to 80% of Pickle Crow.
Auteco released a JORC Inferred Resource estimate with 1,000,000 ounces of gold contained in 2.8 Mt at a grade of 11.3 g/t gold (using a 3.5 g/t block cut-off grade) at the Pickle Crow project in Ontario. The Inferred Resource is located within a 3.5 kilometre long zone containing 22 deposits which are adjacent to existing underground mine development and infrastructure. Auteco commenced a 5,000 metre drilling program at Pickle Crow in late May, which has now expanded to a 45,000 metres program based on initial exploration results and observations. A third drill rig is expected to commence step-out drill testing in September to expedite resource growth and test multiple walk-up targets. Auteco’s drill program is fully funded following their recent capital raise.
Auteco Minerals announced that it has commenced its diamond drilling program at Pickle Crow. The exploration objectives for 2020 include drilling high-grade, walk-up drill targets designed to bring new resource areas into JORC compliance.