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Pure Gold Mining Inc.
Summary
| Project: | Madsen | |
|---|---|---|
| Deposit: | Madsen | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/13/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-2-2018: Pure Gold Mining Inc. announces an Exploration/Drilling Update report for its Madsen deposit at the Madsen project. Drilling results incl. 12.7m @ 26.4g/t Au from 56.2. VANCOUVER, British Columbia, Feb. 13, 2018 -- Pure Gold Mining Inc. (TSX-V: | |
| Resources: | (Resource): 1.774Mt @ 8.7g/t Au (Ind.) and 1.2Mt @ 7.9g/t Au (Inf.) at project | |
| CP/QP: | [Overall Report]: Phil Smerchanski (Internal) | |
| ABSTRACT: | VANCOUVER, British Columbia, Feb. 13, 2018 -- Pure Gold Mining Inc. (TSX-V:PGM) (“Pure Gold” or the “Company”) is pleased to announce that underground drilling continues to confirm mineralization within the mineral resource and expand the mineralized zones at its 100% owned Madsen Gold Project (“Madsen”). Recent drilling, designed to test mineralization in close proximity to the planned test mining and bulk sample location, has exceeded expectations returning exceptional widths and grades “Underground drilling continues to highlight growth potential in the near surface mineral resource at Madsen,” said Darin Labrenz, President and CEO of Pure Gold. “Recent drilling in an area designated for near term test mining demonstrates that the upper portions of the mineral resource have potential for locally increased widths and grades. In addition, infill drilling has demonstrated clear potential for expansion of the mineral resource. This expansion has potential to enhance the initial gold production profile for Madsen. Our underground work program is designed to de-risk and support a robust underground mining operation at Madsen, while our exploration program continues to deliver opportunities for expansion scenarios and highlight the scalability of the Madsen Gold Project.” Broad Zones of High Grade Gold Mineralization Close to Madsen Ramp Drill hole PGU-0051 targeted an area scheduled for test mining and bulk sampling in the second quarter of 2018 as part of the Company’s ongoing definitive feasibility study. | |
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