Pure Gold Intersects High-Grade Gold at Madsen Gold Project

Pure Gold Mining Inc. (TXV:PGM) announced it it has intersected high-grade gold mineralization from the Beta target at its Madsen Gold project, which included 3.9 grams per ton gold over 2.9 meters and 37.5 g/t gold over 1.7 meters.

As quoted in the press release:

The drill results are highlighted by 39.1 g/t gold over 2.9 meters, including 52.4 g/t gold over 0.7 metres from hole PG15-031 and 37.5 g/t gold over 1.7 metres, including 83.8 g/t gold over 0.7 meters, from hole PG15-032. Both drill intercepts occur approximately 10 to 35 metres below surface at Russet South. These reported holes targeted near-surface mineralization associated with a shear zone located south of the Alpha Target discovery

Drill holes PG15-031 through PG15-033 targeted mineralization associated with the Beta Target, and all three holes intersected visible gold associated with a ‘D2’ shear striking parallel to, and south of, the ‘D2’ Alpha Target discovery. Drill Holes PG15-029 and PG15-030 were designed to test the Alpha Target shear northwest of the re-folded mafic-ultramafic contact, approximately 80 metres northwest of the high grade mineralization that was intersected in the initial two discovery holes. These holes successfully intersected the Alpha structure, and returned anomalous gold on the same structure. Pure Gold intends to follow up on the initial discovery with further delineation of the Alpha structure, and towards the mafic-ultramafic contact.

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

We’re very excited by the drilling results to date from Russet South. Drill testing at the Alpha and Beta Targets has discovered high-grade gold mineralization hosted in parallel ‘D2’ shear zones proximal to a re-folded ultramafic contact. Our plans include further drill testing of the strike and down-dip potential of the Alpha and Beta Targets, and drill testing several other ‘D2’ geologic structures identified at Russet South during our 2014 field program.

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