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Pure Gold Mining Inc.
Summary
| Project: | Madsen | |
|---|---|---|
| Deposit: | Madsen | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 8/2/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-8-2017: Pure Gold Mining Inc. announces a Resource Estimation report for its Madsen deposit at the Madsen project. Significantly expaned mineral resource estimate for the Madsen. A mineral resource estimate for the Madsen Gold Project, located in the Re | |
| Resources: | (Resource): 5.785Mt @ 8.9g/t Au (Ind.) and 0.587Mt @ 9.4g/t Au (Inf.) | |
| CP/QP: | [Resources]: Marc Jutras, Christopher Lee (Ginto Consulting;Internal) | |
| ABSTRACT: | A mineral resource estimate for the Madsen Gold Project, located in the Red Lake Mining District of northwestern Ontario is provided herein. The Madsen Gold Project, which is 100% owned by Pure Gold Mining Inc. (“Pure Gold”) is centred around an historical gold producer, the Madsen Mine, which produced 2.5 million ounces at an average grade of 9.7 g/t gold between 1938 and 1999 (Lichtblau et al., 2017). The Madsen Gold Project comprises a contiguous group of 258 mining leases, mining patents and unpatented mining claims covering an aggregate area of 4,769 hectares (47.7 km2). Infrastructure includes paved highway access, a mill and tailings facility and access to power and water. Pure Gold has been exploring the Madsen Gold Project since 2014 and this resource estimate is the first new resource estimate since 2009 (Cole et al., 2016). The Madsen Gold Project is focused on exploration and delineation of orogenic gold deposits within mafic and ultramafic volcanic and intrusive rocks of the Archean Red Lake Greenstone Belt which is part of the Uchi subprovince of the Superior Province craton. This greenstone belt has been a significant gold producer with continuous production since 1927 including present-day production at the Red Lake Gold Mines operation of Goldcorp Inc. At the Madsen Mine, and other targets of the Madsen Gold Project, the main phase of gold deposition occurred during an early deformation event as evidenced by later deformation and metamorphism which has overprinted gold occurrences. | |
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