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Pure Gold Mining Inc.
Summary
| Project: | Madsen | |
|---|---|---|
| Deposit: | Russet South | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 5/11/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-5-2017: Pure Gold Mining Inc. announces an Exploration/Drilling Update report for its Russet South deposit at the Madsen project. Drilling results incl. 5.8m @ 27.1g/t Au from 157.0m. VANCOUVER, B.C. – Pure Gold Mining Inc. (PGM – TSX-V) (“Pure Gold” o | |
| 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: | VANCOUVER, B.C. – Pure Gold Mining Inc. (PGM – TSX-V) (“Pure Gold” or the “Company”) is pleased to announce additional drill results from the Russet South Target on the Company’s 100% owned Madsen Gold Project (“Madsen”). The concurrent expansion of mineral zones at Russet South is an important component of Pure Gold’s growth strategy which remains focused on resource expansion close to existing mine infrastructure. Mineralization reported herein is associated with both the footwall and hanging wall contacts of a folded ultramafic unit that forms the center of the Russet South Target. Drill hole PG17-364 intersected gold mineralization on the western, footwall side of the ultramafic returning 27.1 g/t gold over 5.8 metres approximately 50 metres down dip of PG17-341 which returned 21.4 g/t gold over 1.9 metres, and approximately 150 metres along strike to the southwest from a previously reported intercept in PG15-028 of 8.2 g/t gold over 11.0 metres1,3. This zone is open for expansion to the south and down plunge where it has seen limited drill testing. Additionally, drilling has intersected gold mineralization on the eastern, hanging wall contact of the same ultramafic, with hole PG17-391 returning 80.7 g/t gold over 1.0 metre on the south end, and PG17-371 returning 11.3 g/t gold over 1.0 metre approximately 190 metres to the north. The hanging wall contact of this unit has been sparsely tested by Pure Gold and is open for expansion in all directions. | |
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