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Pure Gold Mining Inc.
Summary
| Project: | Madsen | |
|---|---|---|
| Deposit: | Madsen | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/5/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-6-2018: Pure Gold Mining Inc. announces an Exploration/Drilling Update report for its Madsen deposit at the Madsen project. Drilling results incl. 22.1m @ 57.1g/t Au from 42.9m. VANCOUVER, B.C. – Pure Gold Mining Inc. (PGM – TSX-V) (“Pure Gold” or the “ | |
| Resources: | (Resource): 6.2Mt @ 8.7g/t Au (Ind.) and 1.2Mt @ 7.9g/t Au (Inf.) at project | |
| 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 that recent underground drilling continues to successfully delineate initial mining shapes that will underpin the early years of production at the Madsen Gold Project (“Madsen”). Several mineralized structures have been intersected with exceptional results, establishing both vertical and lateral continuity of high grade gold mineralization, and locally expected to upgrade the mineral resource. New ramp development is underway, providing access to these planned mining shapes and to the test mining location in advance of the planned extraction of a 7,200 tonne bulk sample. “Our objective at Pure Gold is to employ mining methods that minimize dilution and maximize profitability, rather than simply maximize tonnage throughput at the expense of grade” said Darin Labrenz, President and CEO of Pure Gold. “Therefore it is encouraging to see internal lenses of high grade gold mineralization with good continuity, located wholly within surrounding structures that are also well mineralized. Not only does this allow us to consider mining in areas that may be amenable to bulk mining methods, thus increasing productivity and lowering unit mining costs, but it also means that mining dilution effects may be minimized by the surrounding rocks which also carry gold. Our recent underground drilling, targeting the early years of production, continues to reinforce the defined resource, delineate mining shapes with increased certainty, and de-risk the near term production opportunity at Madsen.” | |
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