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Location, Size & Ownership | | | | The Pickle Crow Property is located at 51° 31’ North latitude and 90° West longitude, approximately 400 kilometres northwest of Thunder Bay, Ontario (about six hours drive by paved road), in Connell and McCullagh Townships, Patricia Mining Division.The Property consists of a mix of contiguous patented and non-patented mining claims covering a total of 4,117 hectares (10,173 acres). The core area encompassing the past producing Pickle Crow gold mine has dimensions of approximately 4 km SW-NE by 1.5 km SE-NW, and comprises 98 patented mining claims covering 1,532.9 hectares (3,788 acres). In Ontario, patented claims do not have assessment work expenditure or reporting requirements. These claims remain in good standing as long as applicable taxes are paid to the local municipality.PC Gold Inc. owns 100% of the mining lease (99 year, expiring July 31st, 2067) for the Property, subject to payment to the Lessor (Teck Cominco Ltd.) of an annual fee of $1.00. Registered ownership of mineral rights and surface rights for the Pickle Crow claims is held by Teck Cominco Ltd. as ‘fee simple, absolute’, the highest level possible. For practical purposes, all of the Property’s value lies in the mining lease, which grants Lessee PC Gold exclusive rights to explore and develop the Property. PC Gold’s leasehold interest in the Property is additionally subject to two Net Smelter Return (NSR) royalties totaling 1.25%. These royalties would be payable only upon commencement of commercial production. PC Gold has the option of purchasing these royalties. | | |
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| | Property Claim Map - New (June 2008) | | | | . |
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| | Property Claim Map - Original (May 2008) | | | . |
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