Epic Gold Announces 440,000 Ounce Inferred Mineral Resource Grading 0.98 g/t at the Hawkins Gold Project, Ontario
Original announcement by jmn on
- Company
- Epic Gold Corp.
- Ticker
- EPG
- Exchange
- CSE
- Region
- Ontario
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Resource update
- Extracted
- 2026-10-08 12:25:10 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Epic Gold has announced its first current Mineral Resource Estimate for the McKinnon Deposit at the Hawkins Gold Project, totaling 440,000 ounces of gold. The resource is entirely in the Inferred category, comprising 14.0 Mt at 0.98 g/t Au, split between pit-constrained and underground components.
Reasoning: The announcement of a new 440koz Inferred resource represents significant scale growth for the project, though the low confidence category and reliance on historical data limit immediate bankability.
Positive factors
- Significant tonnage increase vs prior estimate
- First current MRE for the project
- Covers both pit-constrained and underground components
Negative factors
- 100% Inferred classification (low geological confidence)
- Relies on historical drill data (1983-1986)
- No modern metallurgical testwork completed
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.
Evidence · text
“The entire Mineral Resource is classified as Inferred.”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: MRE prepared in accordance with NI 43-101 standards.
Evidence · text
“prepared in accordance with National Instrument 43-101”
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: Total tonnage increased from 6.2 Mt to 14.0 Mt.
Evidence · text
“14.0 Mt at an average grade of 0.98 g/t Au”
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: Average grade dropped from 1.65 g/t to 0.98 g/t.
Evidence · text
“grading 0.98 g/t”
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: Eugene Puritch, P.Eng., is named as the supervising Qualified Person.
Evidence · text
“completed under the supervision of Eugene Puritch, P.Eng., FEC, CET”
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
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 portion of the new resource.
Positive factors
- Large tonnage
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
Prior Estimate
- Resource Date
- 2026-09-11
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-08T00:00:00.000Z
Reasoning: Underground component of the new resource.
Positive factors
- Higher grade 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:1a9cd4f1644b24f65c7c
- 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
- Prior Tonnes
- 6200000
- Prior Grade
- 1.65
- Prior Contained Metal
- 328800
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
- Significant tonnage growth
Negative factors
- Grade decline vs prior estimate
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
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: 14016000 against 6200000 previously
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 0.98 against 1.65 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 440.4 against 328800 previously
Dilutive Growthnegative
Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
Why it applies: tonnage rose while contained metal went 440.4 from 328800
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.