For thousands of other reports visit RSC's Mineral Intellingence Map
Pure Gold Mining Inc.
Summary
| Project: | Madsen | |
|---|---|---|
| Deposit: | McVeigh | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/28/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-2-2017: Pure Gold Mining Inc. announces an Exploration/Drilling Update report for its McVeigh deposit at the Madsen project. Drilling results incl. 2.0m @ 58.8g/t Au from 465.5m. Pure Gold Mining Inc. (PGM – TSX-V) (“Pure Gold” or the “Company”) is ple | |
| 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: | Pure Gold Mining Inc. (PGM – TSX-V) (“Pure Gold” or the “Company”) is pleased to announce drill results from the ongoing 70,000 metre drill program at the Company’s 100% owned Madsen Gold Project (“Madsen”). Results reported herein are from the four drill rig exploration program, designed to expand the high grade gold resource near the existing permitted infrastructure and to demonstrate the expansive potential along the five kilometre strike length of the Madsen gold-mineralized system. “Our primary goal in 2017 is to aggressively expand the mineral resource to allow us to maximize the value of the existing infrastructure and permits,” said Darin Labrenz, President and CEO of Pure Gold. “Results released today support this goal with McVeigh drill holes intersecting high grade gold mineralization well below past mine workings and significantly beyond the limits of the existing resource. Importantly, drilling results from the McVeigh support our geologic models and highlight the internal continuity of the gold mineralization. The McVeigh mineralization remains open in all directions and we continue to systematically step down and along strike to establish the size of this large gold-bearing mineral system.” These new drill holes have identified new gold mineralization well below any shallow historical workings and importantly outside of the bounds of the current mineral resource. | |
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