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Project: | Madsen | |
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Deposit: | Madsen | |
Location: | Canada | |
Commodities: | Gold | |
Date: | 4/11/2018 | |
Report Code: | NI43-101 | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Pursuing Resource Increase/Upgrade | |
Report details: | 11-4-2018: Pure Gold Mining Inc. announces an Exploration/Drilling Update report for its Madsen deposit at the Madsen project. Drilling results incl. 18.7m @ 6.7g/t Au from 68.3m. VANCOUVER, B.C. – Pure Gold Mining Inc. (PGM – TSX-V) (“Pure Gold” or the “ | |
Resources: | (Resource): 6.2Mt @ 8.7g/t Au (Ind.) and 1.2Mt @ 7.9g/t Au (Inf.) at project | |
CP/QP: | [Overall Report]: Phil Smerchanski (Internal) | |
ABSTRACT: | VANCOUVER, B.C. – Pure Gold Mining Inc. (PGM – TSX-V) (“Pure Gold” or the “Company”) is pleased to announce that underground drilling continues to reinforce the current resource and expand the mineralized zones at its 100% owned Madsen Gold Project (“Madsen”). Recent drilling, designed to test the resource in close proximity to the Madsen ramp, continues to exceed expectations with several drill holes intersecting multiple lenses of high grade gold mineralization. Notably, underground drilling continues to enhance and better define proposed stope shapes targeted for the first years of production. “Underground drilling continues to demonstrate the strength of the gold system at Madsen” said Darin Labrenz, President and CEO of Pure Gold. “As with our previously released underground drill results from the Madsen ramp area, these latest results have surpassed our expectations, with multiple drill holes returning exceptional widths and grades. In addition to expanding and enhancing the resource, these results will be used to finalize stoping areas that will form part of our test mining program scheduled to commence in the second quarter of 2018. Significantly, these stope shapes are designed to provide simple ramp accessible production in the early years of operation when capital payback is most important.” | |
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