The International Speculator, in its July 27, 2020, issue, downgrades Pure Gold Mining Inc. (recently $2.25) to a hold from a buy. The newsletter said buy on Sept. 23, 2019, at 58 cents, and again on March 26, 2020, at 61 cents. Assuming two investments of $1,000 each, the $2,000 holding is worth $7,493. The writer says that on July 7, project developer Pure Gold Mining announced more drill results from its Madsen play in Ontario. Drilling found very high-grade mineralization, including a headline intercept of 46.7-gram-per-tonne gold over seven metres. He adds that importantly, some of these new drill holes are located in new areas of the project. For instance, hole 0117 hit 15.8 g/t gold over 2.3 metres near the proposed mining area. As a result, the company will likely be able to update and expand Madsen's gold resource once the drill program ends. This news is only a small part of the planned 30,000-metre drill program for this year. Only 875 metres of drilling has been reported thus far. Pure Gold's share price is up 78 per cent since June 15 and the stock is getting lots of investor attention. That should only increase as Madsen advances toward first gold production, expected in the fourth quarter this year.