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| Exploration Potential | | | | The Pickle Crow gold mine produced a total of 1.47 million ounces of gold in its 31 years of operation between 1935 and 1966. The workings extend over 3 kilometres along strike of the core mine trend, and to a maximum depth of 1.2 kilometres. The newly delivered initial compliant resource estimate suggests that, in addition to the ounces removed by past mining, at least another 1.26 million ounces of gold remain within approximately the top 1 kilometre of the core mine trend. Therefore, more than 2.5 million ounces of gold was originally hosted from surface to a depth of 1 kilometre within the core mine trend. Deep drilling by the Company has confirmed the vertical continuity of the mineralized system below the historic workings. The historically top-producing (>500,000 ounce) No. 1 vein structure was intersected 210 metres below the lowest mined level on this vein, returning 134.26 g/t gold over 3.20 metres (3.92 oz/ton over 10.5 feet) from 1,139.80 metres to 1,143.00 metres in hole PC-09-052A, including 838.14 g/t gold over 0.50 metres (24.45 oz/ton over 1.6 feet) (press release, February 22, 2010). The Company later intercepted this same structure 680 metres below the lowest mined level on this vein (1,570 metres down hole) (press release, July 19, 2010). The Company has also made several discoveries lateral to the historic workings. Most significantly, the No. 19 vein which returned 43.28 g/t gold over 13.13 metres (1.26 oz/ton over 43.1 feet) in hole PC-10-052-W02, including 138.89 g/t gold over 4.00 metres (4.05 oz/ton over 13.1 feet) (press release, March 23, 2010). Results and discoveries such as these confirm that strong potential exists to increase the property’s mineral resource base through further exploration of areas lateral to and below the workings. | | |
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