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Pure Gold Mining Inc.
Summary
| Project: | Madsen | |
|---|---|---|
| Deposit: | Russet South | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/12/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-7-2018: Pure Gold Mining Inc. announces an Exploration/Drilling Update report for its Russet South deposit at the Madsen project. Drilling results incl. 2.0m @ 19.0g/t Au from 326.2m. VANCOUVER, British Columbia, July 12, 2018 -- Pure Gold Mining Inc. | |
| 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, British Columbia, July 12, 2018 -- Pure Gold Mining Inc. (TSX-V:PGM) (“Pure Gold” or the “Company”) is pleased to report that results from the Company’s spring drilling program have significantly expanded the size of the Russet South deposit both down dip and along strike, reinforcing the potential of Russet South to positively impact the production profile at Madsen. Drilling reported herein has expanded strongly mineralized zones to a vertical depth of 330 metres and continues to establish continuity of gold mineralization in several key areas. In particular, wide space drilling continues to build continuity at depth, stepping into the sparsely tested gap between Russet South and the high grade 8 Zone resource at depth “Our latest drilling, designed to step well outside of the current mineral resource, has clearly established the scale of the gold mineralization present at Russet South,” said Darin Labrenz, President and CEO of Pure Gold. “This deposit is an extension of the large gold system at Madsen, including the high grade 8 Zone with which it shares a similar geological setting and style, and the corridor between the two forms an important 1.6 kilometre gap that remains largely untested. While this recent drilling has successfully expanded gold mineralization down dip from the surface resource present at Russet, the Russet South – 8 Zone corridor remains highly prospective for additional discovery. This exploration opportunity is one of several expansive gaps along strike and down dip that have been unlocked by the team’s understanding of the structural relationship between mineral zones at Madsen, supporting our goal of building a scalable mining operation at Madsen | |
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