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Pickle Crow

Royalty2.25% NSR
TermsUncapped, 1.0% buyback for US$2.5m
Acquisition DateFebruary 2023
LocationCanada
CommodityGold
OperatorFireFly Metals Ltd (ASX: FFM)
Mine TypeOpen Pit & Underground
Mine Lifeunknown
Area190km2

The Pickle Crow Project, operated by FireFly Metals Ltd (formerly named AuTECO Minerals Ltd), is hosted by the highly prospective Pickle Lake greenstone belt, located in the tier-1 mining jurisdiction of Ontario, Canada, 400km North of Thunder Bay on a major regional highway with grid power less than 5km from the project. The Project previously produced between 1935 and 1966, producing 1.5Moz of gold at an average grade of 16g/t gold.

The Pickle Crow Gold Deposit is a series of high-grade, shear-hosted, mesothermal Archean lode gold deposit. The deposit occurs primarily within mafic volcanics and banded iron formation (BIF) units in the Pickle Crow assemblage of the Pickle Lake Greenstone Belt in the Uchi Lake Sub-province of the Superior Craton of the Canadian Shield.

Mineralisation is focused around steeply northwest dipping, regional scale shear zones with the bulk of the mineralisation discovered to date hosted near the Main Break structure, proximal to the highly strained, unconformable boundary between the Pickle Crow assemblage and the mafic-intermediate volcanics of the younger Confederation assemblage. A restricted, late-basin, Temiskaming-like sedimentary assemblage has also been identified in the hanging wall of this structure, and broader zones of lower grade mineralisation and alteration of the BIFs and other rocks are now being recognised around secondary structures, some of the shallower zones of which might allow open pit development to complement the high grade underground ore.

Pickle Crow 01

Sources

  • AuTECO Minerals ASX release titled “AuTECO receives firm commitments for $9m placement to fast-track regional exploration at Pickle Crow”, dated February 2, 2023
  • AuTECO Minerals ASX release titled “High-Grade Inferred Gold Resource Grows to 2.8Moz at 7.2g/t”, released May 4, 2022
  • First Mining Gold Technical Report titled “An Updated Mineral Resource Estimate For The Pickle Crow Property, Patricia Mining Division, Northwestern Ontario, Canada”, effective August 31, 2016 and released June 15, 2018
  • For more information on Pickle Crow, please visit https://fireflymetals.com.au/