Pure Gold Begins Definitive Feasibility Study on Madsen Gold Project

Pure Gold Mining Inc. (TSX-V:PGM) (“Pure Gold” or the “Company”) is pleased to announce that it has commenced a Definitive Feasibility Study (“DFS”) on its 100% owned Madsen Gold Project (“Madsen”) with the objective of making a positive production decision by Q4 2018. The DFS, based on a mineral resource supported by approximately 1.1 million metres of diamond drilling with an overall average drill spacing of 6.3 metres in high grade zones, will determine the optimum mine plan, underground mining methods and mining rate, while leveraging the existing mine infrastructure and 36 years of continuous past production history.
As quoted in the press release:

“With the recent completion of a significantly expanded mineral resource, and a positive Preliminary Economic Assessment outlining a robust 14-year underground mining operation with highly attractive economics, we are aggressively pressing ahead to advance Madsen towards production” stated Darin Labrenz, President and CEO of Pure Gold. “There remains today a scarcity of near-term, high grade, quality gold projects in friendly jurisdictions and Madsen is extremely well placed with existing infrastructure including a mill, tailings facility and underground development.  Our calendar 2018 exploration and development plan will continue to de-risk the project and bring Madsen one step closer to becoming Ontario’s next gold mine.”

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