Precious Metals

Pure Gold Mining Inc. reported that surface drilling continues to expand gold mineralization within the newly discovered wedge target, at its Madsen Gold project.

Pure Gold Mining Inc. (TSXV:PGM) reported that surface drilling continues to expand gold mineralization within the newly discovered wedge target, at its Madsen Gold project.  Wide spaced drilling to date at the wedge target has intersected gold in four mineralized zones that span a one kilometre strike length, from surface to a depth of 300 metres, and open for expansion.

Highlights are as follows:

  • Step out drilling on the north end of the Wedge Target has intersected high grade gold mineralization including 22.5 g/t gold over 2.0 metres from hole PG18-505.  This represents a 80 metre step-out from previously reported drilling at Wedge-DV;
  • Multiple drill holes have expanded the Wedge-DV mineralized zone resulting in a 160 metre down plunge extension to previously reported results.  Drilling highlights include:
    • 9.8 g/t gold over 3.0 metres from drill hole PG18-503,
    • 6.9 g/t gold over 5.0 metres, including 27.4 g/t gold over 1.0 metre from drill hole PG18-507,
    • 9.6 g/t gold over 2.0 metres from drill hole PG18-510;
  • Previously reported drill hole PG16-215 which returned 15.1 g/t gold over 5.4 metres, including 69.2 g/t gold over 1.0 metre anchors the Wedge Target at a vertical depth of 300 metres from surface1;
  • Surface drilling at the Wedge Target is ongoing.  To date, an additional nine drill holes have been completed in the Wedge-MJ and Wedge-DV mineralized zones, with assay results pending.

Darin Labrenz, president and CEO of Pure Gold, commented:

Our latest drilling clearly highlights the scale of the mineral system in place at Madsen. Mineralization in the Wedge Target is a continuation of the gold system that hosts the Madsen Mine and with over one kilometre of strike length, the Wedge Target compares favourably with the surface footprint of the Madsen Deposit.  The presence of high grade gold over a broad footprint, and the continuity of mineralization established by recent drilling reinforces our conviction that the Wedge Target could develop into meaningful resources, underlining the growth opportunity and scalability of Madsen.

Click here to read the full Pure Gold Mining Inc. (TSXV:PGM) press release.

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