04:01:30 EST Wed 02 Dec 2020
Enter Symbol
or Name
USA
CA



Pure Gold Mining Inc
Symbol PGM
Shares Issued 394,094,279
Close 2020-10-26 C$ 2.30
Recent Sedar Documents

Pure Gold drills 1.2 m of 1,157 g/t Au at Pure Gold

2020-10-27 06:45 ET - News Release

Mr. Darin Labrenz reports

PUREGOLD INTERSECTS 1,147 G/T GOLD OVER 1.2 METRES FROM UNDERGROUND AND 66.3 G/T GOLD OVER 1 METRE FROM SURFACE

Continuing surface exploration drilling near Pure Gold Mining Inc.'s Pure Gold mine continues to establish greater continuity and expansion of gold mineralization with high-grade results returned from multiple drill holes targeting both resource upgrades and resource expansion outside the current mineral reserves. In addition, underground mine stope delineation drilling has intersected bonanza grades in areas targeted for first ore delivery and gold production from the mine. These latest drill holes confirm the exceptional grades of the gold mineralization in the Wedge resource area, support continuity of high-grade gold mineralization across the entire seven-kilometre-long gold system, and confirm high-grade gold in mine stopes scheduled for early production.

The company's underground drilling continues to be extremely successful in delivering on its objective of discovering new gold mineralization, extending mineralization out from planned stopes and confirming stopes planned for near-term production. New grade control drilling has highlighted the potential for bonanza grades in stopes planned for near-term production.

Highlights of drilling from underground include:

  • 296.1 grams per tonne gold over 4.9 metres from test hole PGL-0003, including 1,147.1 g/t gold over 1.2 metres;
  • 40.0 g /t gold over 2.2 metres from drill hole PGB-0170, including 94.1 g/t over 0.9 metre;
  • 18.7 g/t gold over 2.8 metres from drill hole PGB-0165, including 65.4 g/t over 0.7 metre;
  • 11.1 g/t gold over 6.7 metres from drill hole PGB-0178.

Additionally, new surface drilling results at Wedge highlight the strong continuity of the high-grade gold mineralization, both down plunge and along strike, reinforcing the Wedge as a high priority for resource growth.

Highlights of surface drilling from Wedge:

  • 66.3 g /t gold over 1.0 metre from drill hole PG20-769;
  • 24.3 g/t gold over 1.0 metre from drill hole PG20-775;
  • 20.5 g/t gold over 1.0 metre from drill hole PG20-766;
  • 16.6 g/t gold over 1.5 metres from drill hole PG20-767;
  • 11.4 g/t gold over 2.0 metres from drill hole PG20-773.

Two surface rigs are expected to continue exploration and expansion drilling into 2021 with well over 30,000 metres planned, and underground drilling is expected to continue over the life of the mine.

"Over the last several months our exploration team has been intently working to achieve our objective of growing resources at our high-grade discoveries, as well as infill and expansion of stopes that form part of our near-term mine plan," stated Darin Labrenz, president and chief executive officer of Pure Gold. "Today's exploration results continue our success at Wedge where we are pushing well beyond the boundaries of our phase 1 mine plan, demonstrating the high-grade nature and growth potential of our large gold system. Deep pierce points along the entire seven-kilometre trend intersecting the same style of mineralization, geology, alteration and high-grade gold support the opportunity for growth and scalability of the project for the long term. Along with high-grade results from underground, our exploration work continues to crystallize this opportunity, providing clear support for the opportunity to grow the Pure Gold mine into an iconic Canadian producer in the heart of Red Lake."

Underground drilling results are from holes designed to further delineate and expand stopes scheduled for near-term production. Core holes were drilled using either an electric hydraulic drill rig drilling NQ-size core samples (47.6 millimetres) or a Bazooka air drill, which returned EW-size core samples (25.4 mm). Test hole samples were obtained using a pneumatic long-hole production rig where samples were acquired by collecting the all rock cuttings and sludge from each 1.2-metre drill run.

The test holes were drilled from the hangingwall No. 2 stope, discovered during the 2018 test mining program, to test the lateral and vertical continuity of the hangingwall lens No. 3, which was only partially mined by that program. Bonanza grades, including 1.2 metres grading 1,147.1 g/t gold, were returned from this drilling demonstrating the high grade of this near-term production area.

Surface drilling results reported herein are from the Wedge zone, located less than three kilometres by road south of the Pure Gold processing facility. The Wedge resources form a southward extension of the same mineral system that hosts the phase 1 mineral reserves under development defining a key gold mineralized structural corridor that extends over a more-than-seven-kilometre strike length and providing potential for project scalability. Continuing drilling at Wedge continues to support the strong continuity of high-grade gold mineralization in multiple zones.

Drill results summary

New underground drilling assay results from select drill holes are outlined in the associated table.


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

PGB-154              24.0        24.5           0.5          11.0
PGB-159              14.2        14.7           0.5           6.9
PGB-165              10.7        13.5           2.8          18.7
including            12.0        12.7           0.7          65.4
PGB-170              18.8        21.0           2.2          40.0
including            20.1        21.0           0.9          94.1
PGB-178               0.0         6.7           6.7          11.1
including             0.5         1.6           1.1          17.0
and including         2.9         3.8           1.0          10.5
and including         5.9         6.7           0.8          26.4
PGL-0003              1.2         8.5           7.3         198.0
including             3.7         8.5           4.9         296.1
including             3.7         4.9           1.2       1,147.1
PGL-0005              4.9         6.1           1.2          10.1

* Assay composites were calculated using uncut assays and true 
widths are interpreted to vary from 80 to 95 per cent (90 per
cent, on average) of reported core lengths.

New surface drilling assay results from select drill holes are outlined in the associated table.


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

PG20-739         159.6       162.8         3.3         5.4
including        161.7       162.8         1.1         7.2
PG20-741         118.7       119.7         1.0         7.5
PG20-758         238.1       240.1         2.0         6.4
including        238.1       239.1         1.0         8.6
PG20-764          25.6        26.6         1.0         5.0
PG20-766          11.0        12.0         1.0        20.5
and               28.0        30.0         2.0         3.6
and               34.0        36.0         2.0         6.7
PG20-767         208.5       213.0         4.5         6.3
including        211.5       213.0         1.5        16.6
PG20-769          97.5        98.5         1.0         7.3
and              110.1       111.1         1.0        66.3
PG20-770         357.7       358.7         1.0         3.8
PG20-773          37.2        38.2         2.0        11.4
PG20-775         302.5       303.5         1.0        24.3

* Assay composites were calculated using uncut assays 
and true widths are interpreted to vary from 70 to 90
per cent (80 per cent, on average) of reported core 
lengths.
 

About Pure Gold Mining Inc.

The Pure Gold mine, located in the heart of Red Lake, is Canada's next gold mine. Fully financed, the project is on track to deliver near-term gold production into a rising Canadian gold price environment, with first gold pour scheduled for late 2020. The orebody is situated within a seven-kilometre-long gold system that is wide open for expansion at depth and along strike, and multiple discoveries by the company suggest potential opportunities for near-term growth.

Quality assurance/quality control and core sampling protocols

Drill core and test hole samples are submitted to SGS Minerals in Red Lake, Ont., and drill core samples to ALS Minerals in Thunder Bay, Ont. Surface exploration core samples are sawn with a diamond-bladed saw and half-core retained for further study. Underground core samples are whole core sampled after being detail logged and photographed. Samples processed at SGS include NQ- and EW-size whole core samples and test hole sludge samples and are prepared by drying and crushing to 75 per cent less than two mm, a riffle split of 250 g, and pulverization of the split to better than 85 per cent passing 106 microns. Gold analysis is completed in the SGS Red Lake lab with a 30 g fire assay and AAS (atomic absorption spectroscopy) finish (code GO-FAA30V10 for mine samples and GE-FAA30V5 for exploration samples). Mine samples returning greater than 100 g/t Au and exploration samples returning greater than five g/t Au are reassayed with a gravimetric finish (code GO-FAG30V). Mineralized zones with visible gold are also analyzed by a 500 g screen fire assay with screening to 106 microns (code GO-FAS30M). Duplicate 30 g fire assays are conducted on the screen undersize and combined with an assay of the entire oversize fraction.

NQ drill core samples processed at ALS include sample preparation by crushing to 70 per cent less than two mm, a rotary split of one kilogram and pulverization of the split to better than 8 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 g 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 and shoulder samples are also analyzed by a one kg screen fire assay with screening to 100 microns.

A duplicate 30 g fire assay is conducted on the screen undersize with assaying of the entire oversize fraction (code Au-SCR21).

Control samples (certified standards and uncertified blanks), along with field, prep and pulp duplicates, are inserted on a regular basis. Results are assessed for accuracy, precision and contamination on a continuing basis.

Qualified persons and 43-101 disclosure

Phil Smerchanski, 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.

We seek Safe Harbor.

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