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Pure Gold Mining Inc.
Summary
| Project: | Madsen | |
|---|---|---|
| Deposit: | Fork, Wedge | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/30/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-7-2019: Pure Gold Mining Inc. announces an Exploration/Drilling Update report for its Fork, Wedge deposit at the Madsen project. Drilling results incl. 1.0m @ 108.5g/t Au from 103.0m. VANCOUVER, July 30, 2019 -- Pure Gold Mining Inc. (PGM – TSX-V) (“Pu | |
| Resources: | (Reserve, Prob.): 3.512Mt @ 9.0g/t Au for 1.013Moz Au contained | |
| CP/QP: | [Overall Report]: Phil Smerchanski (Internal) | |
| ABSTRACT: | VANCOUVER, July 30, 2019 -- Pure Gold Mining Inc. (PGM – TSX-V) (“Pure Gold” or the “Company”) is pleased to announce that surface drilling at the Madsen Red Lake Mine (“Madsen”) continues to confirm and expand the Wedge deposit extents with several bonanza grade gold intercepts returned from initial 2019 exploration drilling. Surface drilling at the Wedge deposit has demonstrated the potential for these zones to continue to grow, with gold intercepts returned both up- and down-plunge of the current mineral resource. “This first round of results continues to demonstrate the continuity of our geological model and has reinforced the high grade nature of both the Wedge deposit and the broader Madsen gold system as a whole,” stated Darin Labrenz, President and CEO of Pure Gold. “In less than two years, we have made a new discovery at Wedge, established it firmly as part of a related, five kilometre long gold system and have rapidly developed a brand new mineral resource in the Red Lake mining district. With this understanding of the scale and tenor of gold mineralization firmly established, we are now drilling to expand and define this extensive gold system.” | |
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