PKL will find 6m oz plus of High grade Gold! they have said so IR in the past and they will drill it and PKL POPS to $6
A 4,000-metre shallow drilling program is now under way at PC Gold Inc.'s Pickle Crow, targeting the near-surface areas of the No. 22 and 23 veins. Approximately 20 holes totalling 4,000 metres are planned. The program intends to expand the strike length and increase the drill density from surface to an approximately 150-metre depth on both the No. 22 and 23 veins.
The No. 22 vein was discovered in 2011, and the No. 23 vein in 2012 (see the company's press releases dated Jan. 11, 2012, and June 4, 2012). PC Gold drilled 44 holes totalling 7,242 metres on the No. 22 and 23 veins in 2011 to 2012, highlights of which are shown herein.
No. 22 vein zone:
- Intersection of 444.38 grams per tonne gold over 1.50 metres from 22.65 to 24.15 metres, including 1,325.73 g/t gold over 0.5 metre, in hole PC-11-251.
No. 23 vein zone:
- Intersection of 10.73 g/t gold over 4.30 metres from 168.00 to 172.40 metres, including 39.12 g/t over 1.00 metre, in hole PC-12-276.
Reported widths for these holes are drilled core lengths. True widths are unknown at this time.
The No. 22 and 23 veins are similar to other past-producing Shaft 3 veins, which provided the bulk of the ore during the later years of the Pickle Crow mine. The No. 2, 6 and 7 vein zones, the richest of the Shaft 3 veins, produced approximately 500,000 ounces of gold.
The No. 22 and 23 vein zones are located approximately 400 metres south of the No. 3 shaft and are hosted within volcanic and gabbroic rocks of the Confederation assemblage, which traditionally were not thought to host Pickle Crow-type veins and therefore have experienced little exploration. In addition, the surface projection of these veins is also completely covered by swamp.
This shallow drill program will build upon the high-quality 1.26-million-ounce NI 43-101-compliant gold resource (10.15 million tonnes averaging 3.9 g/t gold). The initial resource includes a higher-grade underground component comprising 1.1 million ounces averaging 5.4 g/t gold, including a high-grade vein component of 600,000 ounces averaging 9.3 g/t gold. if you look where there drilling there is a ton of High grade Gold there and they know it!