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Pure Gold Mining Inc.
Summary
| Project: | Madsen | |
|---|---|---|
| Deposit: | Russet South | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 3/27/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-3-2017: Pure Gold Mining Inc. announces an Exploration/Drilling Update report for its Russet South deposit at the Madsen project. Drilling results incl. 12.0m @ 4.4g/t Au from 190.0m. Pure Gold Mining Inc. (PGM – TSX-V) (“Pure Gold” or the “Company”) i | |
| 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 that a new zone of near surface gold mineralization has been discovered at the Russet South target on the Company’s 100% owned Madsen Gold Project (“Madsen”). These new discovery holes add critical mass to Russet South, which is shaping up to be an important component of Pure Gold’s modern development strategy. Consistent drill results from new areas such as Russet South, McVeigh, A3 and Starratt, reinforce the resource expansion program that is underway and the widespread untapped potential of the Madsen Gold Project. “Our drilling has been highly successful in intersecting widespread gold mineralization at Russet South,” said Darin Labrenz, President and CEO of Pure Gold. “The mineral system is similar in setting and style to that of significant portions of the existing resource at Madsen, and results released today have expanded this satellite gold target significantly. Drilling has now intersected gold mineralization across a 650 metre by 650 metre footprint, to depths less than 250 metres demonstrating the near-term, near-surface potential for meaningful resources within a short distance of Madsen’s permitted mine infrastructure. ” | |
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