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Pure Gold Mining Inc.
Summary
| Project: | Madsen | |
|---|---|---|
| Deposit: | Wedge | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 8/16/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-8-2018: Pure Gold Mining Inc. announces an Exploration/Drilling Update report for its Wedge deposit at the Madsen project. Drilling results incl. 1.7m @ 32.9g/t Au from 400m. VANCOUVER, British Columbia, Aug. 16, 2018 -- Pure Gold Mining Inc. (PGM – TS | |
| 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, Aug. 16, 2018 -- Pure Gold Mining Inc. (PGM – TSX-V) (“Pure Gold” or the “Company”) is pleased to report that surface drilling at the Madsen Gold Project (“Madsen”) continues to expand gold mineralization in the Wedge Deposit, reinforcing the importance of Wedge as a key component of the large high grade mineral system in place at Madsen. Surface drilling of Wedge has intersected strongly mineralized zones to a vertical depth of 500 metres and across 1,100 metres of strike length clearly establishing continuity of gold mineralization in several key areas that remain open for expansion. Importantly, this mineralization forms part of a series of genetically and geometrically related high grade zones that span a five kilometre structural corridor from Madsen to Wedge, with expansive gaps along strike and down plunge that remain highly prospective for additional resource growth. “Since the initial drilling of the Wedge area in late 2017, our geologic team has aggressively targeted the potential for resource growth resulting in the successful discovery of multiple zones of high grade gold mineralization” said Darin Labrenz, President and CEO of Pure Gold. “With gold mineralization now drill intersected over a kilometre of strike length and to a depth of 500 metres, open in all directions, we believe there is strong potential for continued growth of these zones. Key to this, is the recognition that Wedge forms part of a larger, related and connected mineral system that includes two significant mines and multiple zones of high grade gold mineralization. Application of this new understanding on a consolidated land position that encompasses a common five kilometre long mineral system is key to our goal of building a modern, scalable long life mining operation at Madsen.” Wedge-MJ Continues | |
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