28 Oct Pure Gold Mining updates market with high grade drill results at Ontario project
Canada-focused Pure Gold Mining has reported high grade results from near-surface and underground drilling at its Pure Gold mine near Red Lake in Ontario.
New surface drilling results at Wedge have highlighted strong continuity of the high-grade gold mineralisation both down plunge and along strike, reinforcing the deposit as a priority for resource growth.
Drilling highlights from Wedge include 66.3 g/t gold over 1 metre, 24.3 g/t over 1 metre, 20.5 g/t over 1 metre and 16.6 g/t over 1.5 metres. Two surface rigs are expected to continue exploration and expansion drilling into 2021, with well over 30,000 metres planned.
The TSXV and LSE-listed company also reported new gold mineralisation from underground drilling activity, extending mineralisation out from planned stopes and confirming stopes planned for near-term production.
New grade control drilling has highlighted the potential for bonanza grades in stopes planned for near-term production. Highlights from recent underground drilling include 296.1 g/t gold over 4.9 metres from test hole PGL-0003, including 1,147.1 g/t over 1.2 metres.
“Over the last several months, our exploration team has been intently working to achieve our objective of growing resources at our high-grade discoveries, as well as infill and expansion of stopes that form part of our near-term mine plan,” said Pure Gold president and CEO Darin Labrenz.
The Pure Gold mine is on track to pour first gold in late 2020.