Canaccord covering PKLPC GOLD INC.
(PKL : TSX : C$0.80 | NOT RATED)
Wendell Zerb, P. Geol 1.604.643.7485
Adam Melnyk 1.604.643.1655
Shares o/s (M): 34.4
Shares fd (M): 46.1
Cash. (M): C$1.5
Market Cap. (M): $27.5
Co. Website:
www.pcgold.ca
Past 12 months – purchased: $43,650
Past 12 months – sold: $25,420
Since Aug. 31/09 – acquisitions or dispositions: Nil
PC Gold is a junior gold exploration and development company under the stewardship of Kevin Keough, President and
CEO. PC Gold is focused on resource expansion and development of its 100%-owned Pickle Crow gold mine property in northwestern Ontario, Canada.
• Last week, PC Gold announced the discovery of a new gold zone in the Albany Shaft area of its Pickle Crow gold mine
property called the Conduit zone. Highlights from this initial discovery included hole PC-09-036, which returned 3.17 g/t
Au over 35.6 metres; hole PC-09-037, which returned 2.11 g/t Au over 40.5 metres; and hole PC-09-028, which returned
1.42 g/t Au over 32.4 metres. This drilling is interpreted to be the down plunge extension (200 metres) of mineralization
intersected in hole PC-08-020, which intersected 1.72 g/t Au over 48.4 metres (released January 22, 2009).
• PC Gold has interpreted the Conduit zone as a continuous north-northwest trending, shallowly plunging, pipeshaped
body, which had not been intersected by any historical drilling. According to PC Gold the zone consists of a thick
package of highly deformed stockwork and breccia-style veins with distinctive alteration halos. The company continues
to test the zone to the north and northeast and down plunge.
• The Pickle Crow mine has a historical resource estimate (not NI 43-101 compliant) of roughly 1.2 million ounces of
gold. It is a past-producing operation that was decommissioned in the mid-1960s; from 1935 to 1966 the mine
produced a total of 1.45 million ounces of gold from ore grading an average of 16.14 g/t Au. PC Gold has a 255-tonneper-
day mill on the Pickle Crow mine site, which gives the company the potential to quickly ramp up to production
should a positive production decision be made at the project.
An analyst has not visited the properties held by PC Gold Inc