13:24:35 EDT Thu 18 Apr 2024
Enter Symbol
or Name
USA
CA



Pure Gold Mining Inc
Symbol PGM
Shares Issued 106,303,608
Close 2014-08-21 C$ 0.52
Market Cap C$ 55,277,876
Recent Sedar Documents

Pure Gold starts drilling at Madsen

2014-08-22 07:14 ET - News Release

Mr. Darin Labrenz reports

PURE GOLD COMMENCES DRILLING AT THE MADSEN GOLD PROJECT

Drilling has commenced at Pure Gold Mining Inc.'s 100-per-cent-owned Madsen gold project, located in the prolific Red Lake gold district of Northwest Ontario. The $4-million exploration program, which includes 9,000 metres of diamond drilling, is designed to test and expand the current mineral resources, while concurrently testing for high-grade, 8 zone-style targets developed through continuing consolidation and evaluation of the large historic database.

Initial drilling will be focused on near-surface step-out drilling around the high-grade mineralization along the 12-kilometre-long Madsen mine trend. The first target to be drilled is McVeigh ramp, targeting the projected downward extension of McVeigh. Other targets to be drilled include the Fork zone, Junction and Point (see news release dated Aug. 7 for more details regarding the targets to be drilled). Russet South, along the 10 km ultramafic target and updip from 8 zone, and a number of other high-priority targets will be tested later on in the year. All of the drill targets are located on patented ground and are easily accessed.

In addition to drilling, Pure Gold continues to build a conceptual targeting model designed to expand existing targets and identify new targets along the 12 km long Madsen unconformity and the 10 km long ultramafic contact within the project area. Pure Gold's conceptual targeting model incorporates data derived from a geological footprint modelling program, a 1,643 line km helicopter-borne geophysics survey, structural mapping, and a robust geochemical soil and rock sampling program.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.