Epic Gold Announces 440,000 Ounce Inferred Mineral Resource Grading 0.98 g/t at the Hawkins Gold Project, Ontario
Original announcement by newsfile on
- Company
- Epic Gold Corp.
- Ticker
- EPG
- Exchange
- Unavailable
- Region
- Ontario
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Resource update
- Extracted
- 2026-10-08 12:35:02 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Epic Gold has announced its first current Inferred Mineral Resource estimate for the McKinnon Deposit at the Hawkins Gold Project in Ontario, totaling 440,000 ounces at 0.98 g/t Au. The resource comprises both a pit-constrained component and an underground component, though it remains entirely in the Inferred category.
Reasoning: The announcement establishes the first current mineral resource for the Hawkins project, but the entire resource is in the speculative Inferred category and lacks modern metallurgical validation.
Positive factors
- First current MRE for the project
- Establishes baseline resource scale
- High gold price assumption used in model
Negative factors
- 100% Inferred classification
- No modern metallurgical test work completed
- Relies on historical drill database
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 3
Classification and evidence
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The entire resource is classified as Inferred.
Maiden Resourceneutral
First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.
Why it applies: This is the first current Mineral Resource Estimate reported by the company for this project.
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The MRE was prepared in accordance with NI 43-101 standards.
Extracted facts
Stored fact records: 3. Some facts used in scoring do not have a stored record.
Resource Estimates (3)
inferredHawkins Gold Project · goldTonnes: 12645000Grade: 0.89Grade Unit: g/tContained Metal: 360Contained Unit: kozView all detailsHide details
Identity
- Project
- Hawkins Gold Project
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- EPG
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-11T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eugene Puritch
- Resource group id
- resource:a589a1986a67cc3197d8
- Deposit or zone
- McKinnon Deposit
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 12645000
- Grade
- 0.89
- Grade Unit
- g/t
- Contained Metal
- 360
- Contained Unit
- koz
- Cutoff Grade
- 0.24
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-09-11
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-08T00:00:00.000Z
Reasoning: Pit-constrained component of the new Inferred resource.
Positive factors
- Establishes pit-constrained resource
Negative factors
- Inferred category
Evidence · table
“0.89”
Context: 12,645
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredHawkins Gold Project · goldTonnes: 1371000Grade: 1.82Grade Unit: g/tContained Metal: 80.4Contained Unit: kozView all detailsHide details
Identity
- Project
- Hawkins Gold Project
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- EPG
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-11T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eugene Puritch
- Resource group id
- resource:3dd6acb2e3b92e375bf6
- Deposit or zone
- McKinnon Deposit
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 1371000
- Grade
- 1.82
- Grade Unit
- g/t
- Contained Metal
- 80.4
- Contained Unit
- koz
- Cutoff Grade
- 1.2
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-09-11
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-08T00:00:00.000Z
Reasoning: Out-of-pit underground component of the new Inferred resource.
Positive factors
- Higher grade underground component
Negative factors
- Inferred category
Evidence · table
“1.82”
Context: 1,371
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredHawkins Gold Project · goldTonnes: 14016000Grade: 0.98Grade Unit: g/tContained Metal: 440.4Contained Unit: kozView all detailsHide details
Identity
- Project
- Hawkins Gold Project
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- EPG
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-11T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eugene Puritch
- Resource group id
- resource:5b37fbd016839e6ee3e6
- Deposit or zone
- McKinnon Deposit
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 14016000
- Grade
- 0.98
- Grade Unit
- g/t
- Contained Metal
- 440.4
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-09-11
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-08T00:00:00.000Z
Reasoning: Total Inferred resource for the McKinnon Deposit.
Positive factors
- First current MRE for the project
Negative factors
- 100% Inferred
Evidence · table
“0.98”
Context: 14,016
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.