Pure Gold Mining Inc. (TSX-V: PGM) (LSE: PUR) is pleased to announce that ongoing surface exploration drilling near the PureGold Mine continues to establish greater continuity and expansion of gold mineralization with high grade results returned from multiple drill holes targeting both resource upgrades and resource expansion outside the current mineral reserves.1 In addition, underground mine stope delineation drilling has intersected bonanza grades in areas targeted for first ore delivery and gold production from the mine. These latest drill holes confirm the exceptional grades of the gold mineralization 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 mineralization, extending mineralization 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 of drilling from underground include:
Additionally, new surface drilling results at Wedge highlight the strong continuity of the high grade gold mineralization, both down plunge and along strike, reinforcing the Wedge as a high priority for resource growth.
Highlights of surface drilling from Wedge:
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 high grade discoveries, as well as infill and expansion of stopes that form part of our near-term mine plan,” stated Darin Labrenz, President and CEO of Pure Gold. “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.1 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.”
Underground drilling results are from holes designed to further delineate and expand stopes scheduled for near-term production. Core holes were drilled using either an electric hydraulic drill rig drilling NQ size core samples (47.6 mm) or a Bazooka air drill which returned EW size core samples (25.4mm). Test hole samples were obtained using a pneumatic longhole production rig where samples were acquired by collecting the all rock cuttings and sludge from each 1.2 metre drill run.
The test holes were drilled from the hanging wall No. 2 stope, discovered during the 2018 test mining program, to test the lateral and vertical continuity of the hanging wall lens No. 3 which was only partially mined by that program. Bonanza grades, including 1.2 metres grading 1,147.1 g/t gold, were returned from this drilling demonstrating the high grade of this near-term production area.
Surface drilling results reported herein are from the Wedge zone, located less than three kilometres by road south of the PureGold processing facility. The Wedge resources form a southward extension of the same mineral system that hosts the phase I mineral reserves under development defining a key gold mineralized structural corridor that extends over a more than seven kilometre strike length and providing potential for project scalability. Ongoing drilling at Wedge continues to support the strong continuity of high grade gold mineralization in multiple zones.
Drill Results Summary
New underground drilling assay results from select drill holes are outlined below:
|Hole ID||From (m)||To (m)||Length (m)||Gold (g/t)||Method|
*Assay composites were calculated using uncut assays and true widths are interpreted to vary from 80-95% (90%, on average) of reported core lengths above.
New surface drilling assay results from select drill holes are outlined below:
|Hole ID||From (m)||To (m)||Length (m)||Gold (g/t)||Zone|
*Assay composites were calculated using uncut assays and true widths are interpreted to vary from 70-90% (80%, on average) of reported core lengths above.
For a complete list of 2020 drill results to date, click link below:
About Pure Gold Mining Inc.
The PureGold Mine, located in the heart of Red Lake, Ontario, is Canada’s next gold mine. Fully funded, the project is on track to deliver near term gold production into a rising Canadian gold price environment, with first gold pour scheduled for late 2020. The orebody is situated within a seven-kilometre-long gold system that is wide open for expansion at depth and along strike, and multiple discoveries by the Company suggest potential opportunities for near-term growth.
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We acknowledge the [financial] support of the Government of Canada.