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Pure Gold Mining Inc.
Summary
| Project: | Madsen | |
|---|---|---|
| Deposit: | McVeigh, South Austin | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 11/16/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-11-2017: Pure Gold Mining Inc. announces an Exploration/Drilling Update report for its McVeigh, South Austin deposit at the Madsen project. Drilling results incl. 9.8m @ 19.4g/t Au from 132.6m. VANCOUVER, B.C. – Pure Gold Mining Inc. (PGM – TSX-V) (“Pu | |
| Resources: | (Resource): 5.785Mt @ 8.9g/t Au (Ind.) and 0.59Mt @ 9.4g/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 additional drilling results from its 100% owned Madsen Gold Project (“Madsen”). Drilling from underground continues to confirm mineralization in the McVeigh and South Austin Deposits and highlights the expansion potential within the Madsen mineral resource. “Today’s results have returned exceptional widths and grades from underground drilling collared from the Madsen ramp” said Darin Labrenz, President and CEO of Pure Gold. “Drilling within the Madsen deposit has intersected gold mineralization both external to, and within, near surface and early mine life stopes from our recently released preliminary economic assessment (“PEA”)2 , both de-risking the project and highlighting the potential for mineral resource expansion. With existing infrastructure including a shaft, ramp, mill and tailings facility, Madsen represents a unique low capital development opportunity in one of Canada’s premier high grade gold camps.” Over the coming months, the Company will be focused on completing a detailed Project Development schedule which will provide a critical path to a production decision, including detailed engineering and permitting and resource definition drilling from the Madsen ramp, designed to test for extensions to the current mineral resource. | |
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