Continues To Expand Mineralised Zones Across Seven-km Long Gold System
Pure Gold Mining Inc. (TSXV:PUR) reports that ongoing surface exploration drilling near the PureGold Mine in the Red Lake area of Canada continues to establish greater continuity and expansion of gold mineralisation.
High-grade results have been returned from multiple drill holes targeting both resource upgrades and resource expansion outside the current mineral reserves.
In addition, underground mine stope delineation drilling has intersected bonanza grades in areas targeted for first ore delivery and gold production from the mine.
President and CEO, Darin Labrenz, , said these latest drill holes confirm the exceptional grades of the gold mineralidation in the Wedge resource area, support continuity of high grade gold mineralization across the entire seven-kilometre long gold system, and confirm high grade gold in mine stopes scheduled for early production.
“Our underground drilling continues to be extremely successful in delivering on its objective of discovering new gold mineralisation, extending mineralisation out from planned stopes and confirming stopes planned for near-term production,” Mr Labrenz said.
New grade control drilling has highlighted the potential for bonanza grades in stopes planned for near term production:
Highlights of drilling from underground include:
O 296.1 g/t gold over 4.9m, including 1,147.1 g/t gold over 1.2m;
O 40.0 g/t gold over 2.2m, including 94.1 g/t over 0.9m;
O 18.7 g/t gold over 2.8m, including 65.4 g/t over 0.7m; and
O 11.1 g/t gold over 6.7m
Additionally, new surface drilling results at Wedge highlight the strong continuity of the high-grade gold mineralisation, both down plunge and along strike, reinforcing the Wedge as a high priority for resource growth.
Highlights of surface drilling from Wedge:
O 66.3 g/t gold over 1.0m;
O 24.3 g/t gold over 1.0m;
O 20.5 g/t gold over 1.0m;
O 16.6 g/t gold over 1.5m;
O 11.4 g/t gold over 2.0m
Two surface rigs are expected to continue exploration and expansion drilling into 2021 with well over 30,000 meters planned, and underground drilling is expected to continue over the life of the mine.
“Over the last several months our exploration team has been intently working to achieve our objective of growing resources at our highgrade discoveries, as well as infill and expansion of stopes that form part of our near-term mine plan,” Mr Labrenz said.
“Today’s exploration results continue our success at Wedge where we are pushing well beyond the boundaries of our phase I mine plan, demonstrating the high grade nature and growth potential of our large gold system.
“Deep pierce points along the entire seven kilometre trend intersecting the same style of mineralization, geology, alteration and high-grade gold support the opportunity for growth and scalability of the project for the long term.
“Along with high grade results from underground, our exploration work continues to crystallize this opportunity, providing clear support for the opportunity to grow the PureGold Mine into an iconic Canadian producer in the heart of Red Lake.”
