Pure Gold Mining Reports Further High Grade Drill Results at Madsen
Pure Gold Mining (TSXV:PGM) announced additional drill results from its Madsen Gold project. The current program is focused on targets at the Russet South area of the project. As quoted in the press release: The Russet South target is a series of high grade, near-surface gold zones, located approximately 1.5 kilometres west of the McVeigh …
Pure Gold Mining (TSXV:PGM) announced additional drill results from its Madsen Gold project. The current program is focused on targets at the Russet South area of the project.
As quoted in the press release:
The Russet South target is a series of high grade, near-surface gold zones, located approximately 1.5 kilometres west of the McVeigh horizon and associated mine infrastructure. While the on-going drill program is focused on potential resource expansion within the McVeigh, a smaller subset of drilling was completed in early 2016 at the Russet South area where previous drilling and channel sampling by Pure Gold defined three separate targets – Alpha1, Beta and Kappa. These targets share a similar geologic environment to Madsen’s 8 Zone resource which is situated 1.6 kilometres down dip on the same geologic contacts.
Pure Gold president and CEO, Darin Labrenz, said:
Our winter drill program at Russet South has successfully extended outcropping mineralization discovered in 2015, with results continuing to support the potential for Russet South to provide near-mill resources in the future. Together with Alpha, the Beta and Kappa gold zones highlight the near surface potential of the Russet South area, with both of these targets outcropping at surface, intersected to a vertical depth of 70 meters, and open at depth. The extension of high grade gold in multiple target areas at Russet South, combined with the ongoing two-rig drill testing of expansion potential within the McVeigh horizon continues to advance our goal of unlocking the exploration potential of Madsen.
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1811.09 | +0.82 | |
Silver | 21.11 | +0.03 | |
Copper | 4.16 | +0.06 | |
Palladium | 1946.01 | +11.99 | |
Platinum | 943.12 | +2.88 | |
Oil | 110.16 | +4.03 | |
Heating Oil | 3.76 | +0.03 | |
Natural Gas | 7.62 | -0.12 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.Â