Resource News

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.

Click here for the full press release.

Featured

MARKETS

Markets
TSX20099.81+400.76
TSXV696.65+29.40
DOW32196.66+466.36
S&P 5004023.89+93.81
NASD11805.00+434.04
ASX7075.10+134.10

COMMODITIES

Commodities
Gold1811.09+0.82
Silver21.11+0.03
Copper4.16+0.06
Palladium1946.01+11.99
Platinum943.12+2.88
Oil110.16+4.03
Heating Oil3.76+0.03
Natural Gas7.62-0.12

DOWNLOAD FREE REPORTS

×