For thousands of other reports visit RSC's Mineral Intellingence Map
Pure Gold Mining Inc.
Summary
| Project: | Madsen | |
|---|---|---|
| Deposit: | Madsen | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/5/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-2-2019: Pure Gold Mining Inc. announces a Resource Estimation report for its Madsen deposit at the Madsen project. Updated mineral resource estimate at the project. VANCOUVER, British Columbia, Feb. 05, 2019 -- Pure Gold Mining Inc. (PGM – TSX-V) (“Pure | |
| Resources: | (Resource): 7.196Mt @ 8.9g/t Au (Ind.) and 1.88Mt @ 7.7g/t Au (Inf.) at project | |
| CP/QP: | [Resources]: Marc Jutras (Ginto Consulting Inc.) | |
| ABSTRACT: | VANCOUVER, British Columbia, Feb. 05, 2019 -- Pure Gold Mining Inc. (PGM – TSX-V) (“Pure Gold” or the “Company”) is pleased to announce an updated and expanded mineral resource estimate for the Madsen Gold Project (“Madsen”). The mineral resource estimate includes updated and expanded mineral resources for all previously reported deposits, including Madsen, Russet South and Fork, and includes first time disclosure of mineral resources at the Company’s Wedge deposit. The mineral resources from the Madsen deposit have been incorporated into a feasibility study (“FS”) currently being finalized and will be followed by a preliminary economic assessment (“PEA”) of the Russet South, Fork and Wedge deposits. Both studies are expected to be released in February. The mineral resource estimate was prepared by Ginto Consulting Inc. of Vancouver, Canada (“Ginto”) and is dated February 5, 2019. “Today’s updated mineral resource estimate is the first of several near term key milestones on the path to establishing a modern, scalable mining operation at Madsen,” said Darin Labrenz, President and CEO of Pure Gold. “Over the past four years, our team’s disciplined, focused efforts and geological expertise, has established unequivocally that the Madsen deposit, in the very heart of Canada’s Red Lake mining district, is truly an exceptional asset. The team’s efforts have resulted in an indicated mineral resource that has doubled over that period. With this new high confidence resource, based on 1.2 million metres of drilling, we are in great shape to put a mine plan together for the next chapter in the evolution and growth of the Red Lake camp.” | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report