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Pure Gold Mining Inc.
Summary
| Project: | Madsen | |
|---|---|---|
| Deposit: | 8 Zone | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/9/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-10-2019: Pure Gold Mining Inc. announces an Exploration/Drilling Update report for its 8 Zone deposit at the Madsen project. Drilling results incl. 10.4m @ 2.2g/t Au. VANCOUVER, British Columbia, Oct. 09, 2019 -- Pure Gold Mining Inc. (PGM – TSX-V, PUR | |
| Resources: | ||
| CP/QP: | [Overall Report]: Phil Smerchanski (Internal) | |
| ABSTRACT: | VANCOUVER, British Columbia, Oct. 09, 2019 -- Pure Gold Mining Inc. (PGM – TSX-V, PUR – LSE) (“Pure Gold” or the “Company”) is pleased to announce that it has intersected gold mineralization in a widespread gap midway between the Company’s high grade 8 Zone at depth and near surface Russet South mineral resources, clearly establishing the prospectivity of this setting and opening up a brand new target area for discovery. Building predictable gold continuity and expanding the scale of the high grade Madsen gold complex has been a central focus and achievement for Pure Gold’s exploration team over the past four years. During that period, resource growth and transformative discoveries have been made at the Austin, McVeigh, Russet South, Fork and Wedge zones; which, although referred to by different names, are all part of one semi-continuous, coherent gold system (see figure 1). One widely anticipated target area that has received very little previous exploration focus is the altered structure that links the high grade 8 Zone (below 1,000 metres depth) and the up-dip continuation at Russet South which outcrops over a broad area. This panel of connective real estate, centered near Balmer assemblage mafic-ultramafic contacts, has a known dip length of 1,500 metres and stretches over seven kilometres. In the 8 Zone at depth, this mafic-ultramafic contact boasts some of the highest grades ever drilled at Madsen including 466.0 g/t over 4.3 metres, including 3,262.5 g/t over 0.6 metres (24-14923- SW), and 342.4 g/t over 5.5 metres, including 4,739.3 g/t over 0.4 metres (24-14923-SW-1).1 The outcropping Russet south zone too is characterized by high grade gold including 76.6 g/t over 2.1 metres (PG16-233) and 39.1 over 2.9 metres (PG15-031). | |
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