Arctic Hunter Completes Due Diligence For Prospective Pickle Lake Property
Arctic Hunter Energy (TSXV: AHU) this afternoon announced that it has completed a preliminary site visit and due diligence for a prospective property, known as the Gold Crow Property. The prospective property in district scale in size, and located just south of the Pickle Lake gold mining camp of northwestern Ontario.
The Pickle Lake mining camp is located near Osnaburgh, Ontario and the town of Pickle Lake, which is the most northerly community in the province that has year-round access by road. The mining camp itself produced 2.5 million ounces of gold between 1928 and 1995, with notable mines in the region including Central Patricia (1.7 Mt), Pickle Crow (3.0 Mt) and Dona Lake (1.8 Mt). The nearby Pickle Crow project is currently in advanced stages of exploration, with a 2.8 million tonne inferred resource at 11.3 grams per tonne gold.
The Gold Crow project itself is said to be district scale in size, comprising of 12,850 hectares of land. The property is accessible by both float plane and helicopter, with it said to be ripe for the potential discovery of high-grade gold based on neighbouring and nearby gold discoveries. Historic drilling has occurred on the property, although details were not released.
“Our teams of high-grade exploration gold experts have been working tirelessly this fall, to evaluate a number of gold properties and drill ready prospects that have become available and offered only to the Company. Our corporate objective with the newly assembled team of gold experts is to acquire a significant portfolio of high-grade gold exploration assets which will accompany its existing gold exploration and asset portfolio.”
Tim Coupland, CEO of Arctic Hunter Energy
Arctic Hunter Energy last traded at $0.185 on the TSX Venture.
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