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.
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.