Epic Gold Corp. Announces 440,000 Ounce Gold Resource at Hawkins Project
What happened
Epic Gold Corp. announced a Mineral Resource Estimate for the McKinnon Deposit at its Hawkins Gold Project, located 80 km south-southwest of Hearst, Ontario. The estimate details an inferred mineral resource of approximately 440,000 ounces of gold, which supersedes previous historical estimates for the project. The project is accessible year-round by road and is crossed by the Algoma Central Railway.
From finanznachrichten.de
Why it matters
The Mineral Resource Estimate provides current details on the gold reserves at the Hawkins Project, assuming a gold price of US$3,500/oz Au. This resource discovery increases the potential for investment in the region.
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Who's involved
- OntarioThe provincial jurisdiction where the Hawkins Project is located.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Northern OntarioSpeculative
Northern Ontario might see increased investment in the region due to the new mineral resource discovery.
- Hearst railway stationSpeculative
The Hearst railway station might see increased demand for local rail transport use because the project is crossed by the Algoma Central Railway.