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Pure Gold Mining Inc.
Summary
| Project: | Madsen | |
|---|---|---|
| Deposit: | Pure Gold Red Lake Mine | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/7/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-7-2020: Pure Gold Mining Inc. announces an Exploration/Drilling Update report for its Pure Gold Red Lake Mine deposit at the Madsen project. Drilling results incl. 7m @ 46.7g/t Au from 11m. VANCOUVER, B.C. – Pure Gold Mining Inc. (PGM: TSX-V, LSE: PUR) | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report] Phil Smerchanski (Internal) | |
| ABSTRACT: | VANCOUVER, B.C. – Pure Gold Mining Inc. (PGM: TSX-V, LSE: PUR) (“PureGold” or the “Company”), is pleased to announce that underground exploration drilling, initiated in June, has intersected high-grade gold mineralization from both infill and step-out drill holes. Drilling has extended gold mineralization out from planned stopes, has discovered new gold zones that will be integrated into the mine plan, and has confirmed stopes scheduled for near term production.1Diamond drilling has identified both extensions to feasibility stopes, providing opportunity for additional high grade tonnes from existing or planned development, and new gold mineralization that may be incorporated into future short term mine plans. For example, PGU-0117 intersected 15.8 g/t gold over 2.3 metres approximately 15 meters along strike from the planned MV1280-3815 stope providing potential for westward extension of that stope. PGU-0118 confirmed continuity and has extended the eastern margin of the MV1280-3815 stope by several metres, returning 46.7 g/t gold over 7.0 metres. PGU-0121 returned 57.0 g/t gold over 1.0 metre in a significant step out, 30 metres beyond the 3815 planned mining shape highlighting significant tonnage growth potential. This new mineralization is a near term opportunity for growth of the mine plan and will be targeted by future drilling and sill development. | |
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