Epic Gold: The Next Canadian Gold Growth Story | RCTV at The Mining Investment Event of the North
Why It Matters
The drilling results and updated Hawkins resource materially de‑risk multiple projects and create near‑term catalysts (permits, upcoming drill programs and re‑rating potential) while the modest cash position and planned financing/M&A moves could fund aggressive exploration and unlock value given the stock trades near cash and low peer valuation metrics.
Summary
Epic Gold reported a successful 4,200 m initial drill campaign at its Fenton project, returning encouraging gold results across six satellite zones and revealing a potential broader near‑surface bulk‑minable target (notably a 75 m interval averaging 0.55 g/t). Permitting for the Wilson project is imminent with a 3–5,000 m drill program slated for mid‑to‑late August, while Benoit drilling is planned for winter due to lake cover. At Hawkins, fieldwork and trenching are underway and a re‑study with lower cut‑offs lifts the historical resource from ~328,000 oz to about 425,000 oz, supporting a planned late‑fall drill push. Financially the company holds roughly C$11m cash, is executing a consolidation, expects a small strategic raise of C$2–3m and is evaluating M&A opportunities to accelerate growth.
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