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Pure Gold Mining Inc.
Summary
| Project: | Madsen | |
|---|---|---|
| Deposit: | Madsen | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/18/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-6-2018: Pure Gold Mining Inc. announces an Exploration/Drilling Update report for its Madsen deposit at the Madsen project. Drilling results incl. 1m @ 354.0g/t Au from 372.4m. VANCOUVER, British Columbia, June 18, 2018 -- Pure Gold Mining Inc. (TSX-V: | |
| 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, British Columbia, June 18, 2018 -- Pure Gold Mining Inc. (TSX-V:PGM) (“Pure Gold” or the “Company”) is pleased to report that surface drilling at the Madsen Gold Project (“Madsen”) continues to establish the Wedge area as an important component of a large, high grade mineral system that hosts two related past-producing mines, and significant current mineral resources along a five kilometer structural corridor. Surface drilling of the Wedge area has expanded strongly mineralized zones to a vertical depth of 500 metres and has established continuity of gold mineralization in several key areas. With two drill rigs currently active at the Wedge, the Company is on track to meet its goal of disclosing an initial mineral resource in Q4 2018. “Since acquiring and consolidating the Madsen Gold Project in 2014, our team has successfully established significant zones of gold mineralization along a five kilometer corridor,” said Darin Labrenz, President and CEO of Pure Gold. “While we have referred to these zones as satellite deposits, mines, zones and targets, our drilling has unequivocally linked them genetically and geometrically into one large, common mineral system that spans the entire five kilometer strike length. The recognition of this important structural relationship has opened up expansive gaps along strike and down plunge that are highly prospective for continued resource growth, supporting our goal of establishing a new multi-million ounce mine complex at Madsen. We will continue to aggressively test these growth opportunities consistent with our objective of building a modern, scalable mining operation at Madsen.” Wedge Mineralization Continues to Depth The Wedge deposit area, located approximately three kilometres by road south of the Madsen milling infrastructure, forms a southward extension of the same mineral system that hosts the Madsen and Fork deposits defining a key mineralized structural corridor that extends over a five kilometre strike length. Initial drilling in the Wedge area intersected 21.3 g/t gold over 10.3 metres from drill hole PG17-486 at a vertical depth of 15 metres, establishing the strength of the Wedge system at | |
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