Monday, February 11, 2019

Pure Gold Mining Inc. - PGM.v

Pure Gold Mining Inc. - PGM.v is advancing the Madsen Mine.

The Madsen Mine produced more than 2.4m ounces, making it the second-largest historic Red Lake gold producer. Resources are 1,744,000 ozs at 8.7 g/t Gold in 6.24 Mt Indicated and 296,000 ozs at 7.9 g/t Gold in 1.16 Mt Inferred.

On February 11, 2019 the company released News

Pure Gold's Madsen FS pegs NPV at $247-million

Pure Gold Mining Inc. has released results of an independent feasibility study (FS) on its 100-per-cent-owned Madsen gold project in the Red Lake mining district of Ontario, Canada.
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On November 28, 2019 the company released News

Pure Gold Test Mining Returns an Estimated 56% More Gold Than Predicted From Resource Model

Pure Gold Mining Inc. is pleased to report that test mining at Madsen has now completed with a total of 7,096 tonnes of mineralized material extracted from three distinct stoping areas. Test mining has been extremely successful in highlighting the strong visual nature of the mineralization, demonstrating excellent ground conditions, and confirming the geologic model that underpins the mine plan for the ongoing definitive feasibility study. Results have exceeded expectations, with tonnes, grade and mining width greater than predicted from the resource model. Overall, an average grade of 10.2 g/t gold was returned from 1,555 muck samples collected during mining of the bulk sample. The average grade of 10.2 g/t gold is a capped, diluted mined grade, which comprises all muck samples from 70 rounds of freshly blasted rock, each of which averaged above a cut-off of 4.0 g/t gold.