PC Gold Inc. (fka PKL / PCGLF)

[canucklehead80]

PC Gold President JP Chauvin on Ontario gold assays of 2.33 g/t over 28.5m

PC Gold Inc TSX:PKL announced drill results from the Core Mine Trend of its Pickle Crow property in northwestern Ontario. Highlights include

2.33 g/t gold over 28.5 metres (including 8.96 g/t over 3 metres)
0.95 g/t over 43.4 metres (including 13.05 g/t over 1.5 metres)
2.54 g/t over 10 metres (including 5.72 g/t over 2 metres)
4.25 g/t over 3 metres (including 7.04 g/t over 1 metre)

President/CEO JP Chauvin tells ResourceClips.com, “The Pickle Crow mine ran from the early 1930s to 1966 and produced 1.5 million ounces, so it’s a property with significant underground development that’s occurred over the years. PC Gold picked up the property in 2007 and has done a fair bit of exploration. It currently has an inferred resource of 1.26 million ounces, of which 1.14 million is underground, so 90% of the resource right now is potentially underground mineable. Our current plan is to try to raise the funds necessary to be able to go underground and move the resource up to a proven and probable category in order to complete a feasibility study. But it requires a fair bit of work because we need a shaft rehabilitated, a new headframe, a new hoist room and then to dewater to get to where we need to be to drill it underground.

Read the rest of this article. http://resourceclips.com/2012/01/05/pc-gold-president-jp-chauvin-on-ontario-gold-assays-of-2-33-gt-over-28-5m/