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Pure Gold Mining Inc.
Summary
| Project: | Madsen | |
|---|---|---|
| Deposit: | Madsen | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 4/27/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-4-2017: Pure Gold Mining Inc. announces an Exploration/Drilling Update report for its Madsen deposit at the Madsen project. Drilling results incl. 2m @ 133.4g/t Au from 281.7m. VANCOUVER, B.C. – Pure Gold Mining Inc. (PGM – TSX-V) (“Pure Gold” or the “ | |
| Resources: | (Resource): 3.24Mt @ 8.93g/t Au (Ind.) and 0.79Mt @ 11.74g/t Au (Inf.) | |
| 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 drill results from the ongoing 70,000 metre, four drill rig, exploration program at the Company’s 100% owned Madsen Gold Project (“Madsen”). Results reported herein include a number of significant achievements for Pure Gold. Drill hole PG17-307 intersected the highest grade result by Pure Gold to date in the McVeigh, returning 133.4 g/t gold over 2.0 metres, including 264.9 g/t gold over 1.0 metres at a depth of 225 metres below surface. This intercept lies approximately 150 metres below mined stopes on 2 Level and outside of conceptual areas studied for potential mining development in the 2016 PEA1 . Drilling of the McVeigh continues to support geologic models highlighting internal continuity in south plunging mineralized shoots. The McVeigh remains open in all directions, with drilling currently focused on broader step-outs, outside the known extents of mineralization, with a goal of expanding the resource in proximity to the established infrastructure. Results reported herein have identified gold mineralization in a 60 metre step out on previously reported results from the A3 Target of 14.3 g/t over 1.0 metres in drill hole PG16-2822 . Drill hole PG17-320 is the deepest gold mineralized intercept returned by Pure Gold to date in the A3 Target, highlighting gold mineralization at a depth of 600 vertical metres. Drilling targeting the A3, which is situated immediately in the hanging wall of the McVeigh, has now established a 500 metre plunge extent on the mineralized structure (see A3 long section). | |
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