- Toronto Stock Exchange (TSX)
- Trading Symbol: PKL
- PCGLF -Pink
|Share Structure |
Authorized Share Capital: Unlimited common
Shares Issued: 66,158,563
Shares Fully Diluted: 74,311,550
PC Gold: Old Mine Exploration At Its Best
PC Gold holds 100% ownership of Pickle Crow, one of Canada's best known past producing gold mines, located in northwestern Ontario in a belt of rocks well known for its rich gold deposits. The Company believes there is considerable gold left in place within or close to the mine, and a major exploration program is unfolding with the objective of quantifying what remains, and making new discoveries.
The potential to revitalize old Ontario and Quebec gold mines has been recognized by other present-day resource companies such as Goldcorp, Detour Gold, Osisko Mining and Kirkland Lake Gold, all of whom have achieved success with the old mine redevelopment model. PC Gold recognizes similar potential at Pickle Crow, and intends to follow the same path trodden by its peers with the re-exploration and redevelopment of this well-known past producer, at one time among the best known underground gold mines in Canada.
PC Gold Inc. provides an excellent opportunity for investors who subscribe to the adage that the best place to find a new mine, is on the site of an old one.
The Pickle Crow Mine was a long-life (31 years), high grade (life of mine average ~16 g/t (0.47 oz/T)), consistently profitable operation, producing in total 1.45 million Troy ounces of gold. When the mine closed in 1966, gold was worth just $35/oz, all productive high grade veins remained open laterally and to depth, and zones of gold in iron formation sat largely untouched within the workings.
The Company believes there is considerable gold left in place within or close to the mine, and a major exploration program is unfolding with the objective of quantifying what remains, and making new discoveries.
The Opportunity -