04:41:40 EDT Fri 23 Aug 2019
Enter Symbol
or Name
USA
CA



Pure Gold Mining Inc
Symbol C : PGM
Shares Issued 125,719,854
Close 2015-02-27 C$ 0.265
Recent Sedar Documents

Pure Gold drills 11 m of 8.2 g/t Au at Russet South

2015-03-02 07:25 ET - News Release

Mr. Darin Labrenz reports

PURE GOLD DISCOVERS HIGH GRADE GOLD IN FIRST DRILLING FROM ALPHA TARGET AT RUSSET SOUTH, MADSEN GOLD PROJECT

Pure Gold Mining Inc. is releasing initial assay results from the continuing Russet South drilling program located on the company's 100-per-cent-owned Madsen gold project in the prolific Red Lake gold district of Northwest Ontario. The company is conducting a 5,000-metre winter drilling program specifically designed to test prospective geologic structures in the Russet South and Fork zone areas with the goal of discovering new zones of near-surface, high-grade gold mineralization.

To date, approximately 1,000 metres of diamond drilling have been completed in eight drill holes at Russet South testing multiple, parallel D2 shear zones identified during the 2014 exploration field program. The initial two drill holes were collared on the Alpha target to test the intersection of one of these D2 shear zones with a refolded mafic-ultramafic contact, a setting analogous to recent high-grade discoveries in the Red Lake gold district. Assay results from the initial two drill holes testing the Alpha target have been received and are reported in the table. Results from the other targets at Russet South will be reported as received.


         RUSSET SOUTH SIGNIFICANT ASSAY RESULTS (i)         					

Hole ID         From (m)     To (m)  Length (m)     Au (g/t)

PG15-027            96.0       99.5         3.5          9.5
Including           98.0       99.5         1.5         18.8
PG15-028            75.0       86.0        11.0          8.2
Including           77.0       82.0         5.0         15.0

(i) Assay composites were calculated using uncut assays and 
are reported as drilled widths and interpreted to vary 
between 85 per cent to 100 per cent of true widths.

"Management is extremely pleased with the initial drilling results from Russet South, which targeted a new D2 geologic structure discovered during the company's 2014 comprehensive exploration program," stated Darin Labrenz, president and chief executive officer of Pure Gold. "We believe this new discovery of high-grade mineralization along a newly identified D2 shear zone at the nose of a refolded ultramafic validates the company's exploration philosophy and supports the high-grade discovery potential that the company believes does exist at the Madsen gold project. Given the early success in the Russet South area, management plans to mobilize a second rig to complete the winter drilling program."

Drilling with the existing rig will continue to test the Alpha target and other identified D2 geologic structures at Russet South. Over the past year the company has, in part, focused its exploration efforts at Russet South, which has included more detailed structural and alteration mapping, soil and rock geochemical sampling, and geologic modelling that have further delineated a zone of intense shearing and quartz-carbonate-biotite alteration penetrating the hinge of a folded mafic-ultramafic contact. The coincident anomalies are analogous to the high-grade 8 zone discovered at depth in the early 1970s and highlight Russet South as a potential up-dip surface expression of the high-grade 8 zone of the Madsen mine.

Management plans to have the second drill rig complete the Fork zone portion of the program. The addition of a second rig will allow the company to continue work on the new discovery at Russet South while concurrently testing further the Fork zone. For reference, of the 5,000-metre drill program, Pure Gold is planning to conduct approximately 1,000 metres of drilling at Fork zone to continue to delineate the southern and depth extent of this high-grade gold structure identified during the 2014 drilling campaign. Drilling has traced the Fork zone for over 300 metres of strike and it remains open for expansion. Recently reported results include 14.6 grams per tonne gold over 1.8 metres, 6.8 grams per tonne gold over 2.0 metres and 17.2 grams per tonne gold over 3.5 metres (drill holes PG14-006, PG14-009 and PG14-011, respectively). MMI soil sampling in late 2014 returned a significant gold-in-soil anomaly associated with the mineralized trend approximately 200 metres south of the 2014 drilling. The new drilling will test this MMI anomaly, and the southern and down-plunge extension of the high-grade structure, which is projected to intersect the prospective folded mafic-ultramafic contact recently identified by Pure Gold geologists.

Check samples were submitted to ALS Minerals in Thunder Bay, Ont., for sample preparation by crushing to 70 per cent less than two millimetres, rotary splitting off one kilogram and pulverizing the split to better than 85 per cent passing 75 microns. Sample pulps are shipped to the ALS assay laboratory in North Vancouver, B.C., for gold analysis with a 30-gram fire assay and AAS finish (code Au-AA23). Samples returning greater than five g/t Au are reassayed with a gravimetric finish (code GRA21). Mineralized zones with visible gold are reanalyzed by a one-kilogram screen fire assay with screen to 100 microns. A duplicate 30-gram fire assay is conducted on the screen undersize while assaying the entire oversize fraction (code Au-SCR21). Control samples (accredited standards and blanks) were inserted on a regular basis.

Qualified persons

Darren O'Brien, PGeo, vice-president, exploration, for the company, is the designated qualified person for this news release within the meaning of National Instrument 43-101 and has reviewed and verified that the technical information contained herein is accurate and approves of the written disclosure of same.

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