Advanced Exploration

Pickle Crow

Au
FireFly Metals Ltd.
Ontario

,

Canada

Acquisition:

2013 / 10 / 04

Agreement:

Royalty

Terms:

0.5% NSR

The Pickle Crow property is located in the mining friendly jurisdiction of northwestern 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. The mine produced some 1.4 million ounces of gold from 3.1 Mt 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.

An updated Inferred Mineral Resource on the Pickle Crow project was announced in May 2023 containing 2.8 Moz of gold within 11.9 Mt at a grade of 7.2 g/t gold (3.0 and 2.0 g/t cut-off grade, effective date of December 31, 2022). This represents a 24% increase in contained ounces from the previous estimate.

Extensive infrastructure in place or proximal to the Pickle Crow property includes a 225 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.

With earn-in requirements completed as of August 2021, FireFly holds a 70% interest in Pickle Crow.

Recent Activity
  • January 2023

    The 50,000 m drill program currently in progress is anticipated to conclude in early 2023. During the fourth quarter 2022, a total of 7,572 m of drilling was completed. Throughout 2022, AuTECO has taken a dual-track approach, targeting near-mine resource growth combined with early-stage exploration and regional exploration.

  • May 2022

    Based on positive drill results from the 50,000 m drill campaign that ended in March 2022, a new drill program was initiated that aims to complete an additional 50,000 m by the end of 2022. The latest drill highlights include:

    • RVDD0016: 2.1 m of 92.0 g/t gold from 147.8 m;
    • AUDD0266: 7.8 m of 17.0 g/t gold from 335.3 m; and
    • AUDD0249: 1.6m of 73.2g/t gold from 37.9 m.

Use the link below to browse a list of available technical reports for the projects within Sandstorm’s portfolio. For the most up-to-date information on each project, please refer to the project operator or developer.

Investor Presentation

Download the latest Investor Presentation to learn why Sandstorm is a gold investment that stands out from the rest.

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Asset Handbook

With over 230 royalties acquired since 2009, we offer an exciting investment opportunity in a diverse portfolio of royalty assets. Discover all of Sandstorm’s royalties around the globe.

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Annual Report

Our 2023 Annual Report includes our annual Financial Statements and Management Discussion & Analysis and a letter from Sandstorm’s President & CEO.

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Sustainability Report

Learn more about Sandstorm’s approach to sustainability including our due diligence process, mining partnerships, and employee engagement.

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