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Pure Gold Mining Inc.
Summary
| Project: | Madsen | |
|---|---|---|
| Deposit: | Madsen | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/29/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-1-2018: Pure Gold Mining Inc. announces a PEA report for its Madsen deposit at the Madsen project. Restated PEA and initial satellite deposit Mineral Resource. The Madsen Gold Project is an advanced gold exploration project in northeastern Ontario. Pur | |
| Resources: | (refer to full report) | |
| CP/QP: | [Resources]: Marc Jutras (Ginto Consulting Inc.) | |
| ABSTRACT: | The Madsen Gold Project is an advanced gold exploration project in northeastern Ontario. Pure Gold Mining Inc. ("Pure Gold") announced the positive results of a Preliminary Economic Assessment ("PEA") on the Project, conducted by Nordmin Engineering Ltd. ("Nordmin"), on September 14, 2017 and filed a technical report summarizing the details of the study on October 30, 2017. Subsequently, Pure Gold announced the results of a maiden Mineral Resource estimate for two satellite deposits on the Madsen Property on December 14, 2017. These two satellite deposits occur in close proximity to the Madsen Mineral Resources but are not included in the Potentially Mineable Resource considered in the previously disclosed PEA, and the PEA remains current. This report restates the PEA in its entirety and provides an update on exploration activities on the Project and a summary of the Mineral Resource estimate for the two satellite deposits. The Madsen Gold Project located in the Red Lake district of Northwestern Ontario, approximately 440 km Northwest of Thunder Bay, Ontario, 260 km east-northeast of Winnipeg, Manitoba and 10 km south-southwest via provincial highway ON-618 S from the Municipality of Red Lake. The Project is adjacent to the village of Madsen and centred at approximately 93.91 degrees longitude west and 50.97 degrees latitude north. Access to the Project site is via the Mine Road off ON-168 S and access to Red Lake is via ON-105 N from the Trans-Canada Highway/ON-17 and via commercial airline flying into the Red Lake Municipal Airport. | |
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