Red Lake Gold Project
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Dixie Gold Inc. Expands Presence in the Uchi Subprovince, Highlights Newly Assembled Pickle Crow East Gold Project
TMX Newsfile· 2026-02-12 14:25
Core Viewpoint - Dixie Gold Inc. has successfully secured additional mining claims for the Pickle Crow East Gold Project in Ontario, enhancing its position in a historically significant gold district [1][3][4]. Group 1: Project Acquisition and Funding - Dixie Gold fully funded the acquisition of claims for the Pickle Crow East Gold Project using existing working capital [2]. - The project consists of approximately 256 claims covering around 5,147 hectares, adjacent to the historic Pickle Crow Mine [6][10]. Group 2: Strategic Positioning and Market Context - The acquisition comes at a strategic time, coinciding with increased exploration interest in the area due to adjacent projects by FireFly Metals and Bellavista Resources [3][5]. - The Pickle Crow East Gold Project is positioned within the Uchi Subprovince, where Dixie Gold has prior exploration experience, particularly with the Red Lake Gold Project [4]. Group 3: Geological Insights and Exploration Potential - The project area is underlain by metavolcanic rocks and includes underexplored iron formations, which are favorable for gold mineralization [14][20]. - Historical exploration in the region has overlooked certain geological settings, presenting new opportunities for gold discovery with modern exploration techniques [11][13][25]. Group 4: Historical Context and Resource Potential - The historic Pickle Crow mine produced 1.5 million ounces of gold at an average grade of 16 g/t from 1935 to 1966, with significant inferred resources still present [24]. - The potential for gold endowment in the broader region is highlighted by the evolving understanding of geological settings and the application of new technologies [24][25].