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Pure Gold Mining Inc.
Summary
| Project: | Madsen | |
|---|---|---|
| Deposit: | Madsen | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/31/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 31-1-2018: Pure Gold Mining Inc. announces an Exploration/Drilling Update report for its Madsen deposit at the Madsen project. Drilling results incl. 8.3m @ 33.3g/t Au from 12.5m. VANCOUVER, British Columbia, Jan. 31, 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, Jan. 31, 2018 -- Pure Gold Mining Inc. (TSX-V:PGM) (“Pure Gold” or the “Company”) announced today the discovery of multiple new zones of high grade gold mineralization located approximately three kilometres by road south of the Madsen milling infrastructure. This important new discovery, referred to as the Wedge Target, outcrops at surface, adds 1,100 metres of strike length to the Madsen Mine trend, and clearly highlights an exciting new area for potential resource expansion and underlines the inherent scalability of the Madsen Gold Project (“Madsen”). Surface drilling is ongoing with the Company currently targeting plunge and strike extensions of these zones with the goal of developing another near surface satellite resource as well as testing for significant tonnage potential along the Wedge. “The results delivered today clearly define the growth opportunities and scalability of the Madsen Gold Project,” said Darin Labrenz, President and CEO of Pure Gold. “Our team interpreted the gold-bearing structures which host the Madsen gold deposit and extend south through the Fork deposit to continue into the Wedge Target. This interpretation has been validated with the discovery of near-surface gold mineralization with exceptional widths and grades in three new mineralized zones south of the Madsen deposit. With mineralization outcropping at surface and wide open for expansion, the Wedge target represents an excellent opportunity to add meaningful resources to the existing mining project.” | |
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