# Epic Gold Announces 440,000 Ounce Inferred Mineral Resource Grading 0.98 g/t at the Hawkins Gold Project, Ontario Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/epic-gold-announces-440-000-ounce-inferred-mineral-resource-grading-0-98-g-t-at--e4fcaa9a-e53a-4a37-9605-f641b266726c Original source: https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2818-cse/epg/212586-epic-gold-announces-440-000-ounce-inferred-mineral-resource-grading-0-98-g-t-at-the-hawkins-gold-project-ontario.html Publisher: jmn Original announcement: 2026-10-08T18:15:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-08T12:25:09.324Z Atlas analysis updated: 2026-10-08T12:25:09.324Z - 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 Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas 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 factor: Significant tonnage increase vs prior estimate - Positive factor: First current MRE for the project - Positive factor: Covers both pit-constrained and underground components - Negative factor: 100% Inferred classification \(low geological confidence\) - Negative factor: Relies on historical drill data \(1983-1986\) - Negative factor: 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 Resource** Polarity: negative Definition: 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 Compliant** Polarity: positive Definition: 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 Growth** Polarity: positive Definition: 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 Decline** Polarity: negative Definition: 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 Signed** Polarity: positive Definition: 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) ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/epic-gold-announces-440-000-ounce-inferred-mineral-resource-grading-0-98-g-t-at--e4fcaa9a-e53a-4a37-9605-f641b266726c#fact-resource-facts-0) Hawkins Gold Project · gold #### 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 factor: Large tonnage - Negative factor: Inferred category Evidence · table > 0.89 Context: 12,645 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/epic-gold-announces-440-000-ounce-inferred-mineral-resource-grading-0-98-g-t-at--e4fcaa9a-e53a-4a37-9605-f641b266726c#fact-resource-facts-1) Hawkins Gold Project · gold #### 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 factor: Higher grade component - Negative factor: Inferred category Evidence · table > 1.82 Context: 1,371 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/epic-gold-announces-440-000-ounce-inferred-mineral-resource-grading-0-98-g-t-at--e4fcaa9a-e53a-4a37-9605-f641b266726c#fact-resource-facts-2) Hawkins Gold Project · gold #### 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 factor: Significant tonnage growth - Negative factor: Grade decline vs prior estimate Evidence · table > 0.98 Context: 14,016 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved. Why it applies: 14016000 against 6200000 previously **Grade Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 440.4 against 328800 previously **Dilutive Growth** Polarity: negative Definition: 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-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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.