Sunday, June 1, 2025

Latest

Pure Gold Hits 296.1 G/T Gold Over 4.9 Metres In Underground Drilling

Pure Gold Mining (TSXV: PGM) has released results from its ongoing drill program at its flagship Pure Gold Mine in Red Lake, Ontario. Highlights from the program include 296.1 g/t gold over 4.9 metres including 1,147.1 g/t gold over 1.2 metres from underground drilling, as well as 66.3 g/t gold over 1.0 metre from surface drilling.

The company continues to complete ongoing surface exploration at the property as it looks to further expand its mineral resources. The company is targeting both resource upgrades and expansions outside of the current mineral reserves. Underground, the company continues with stope delination drilling in areas targeted for both gold production and first ore delivery from the mine.

Underground drilling is expected to continue for the life of the mine, as the company continually looks to extend mineralization from planned stopes, while also confirming stopes planned for mineralization. On the surface, drilling is expected to continue via two surface rigs, with over 30,000 metres planned for 2021.

Highlights from the underground program include the following.

Hole IDFrom (m)To (m)Length (m)Gold (g/t)Method
PGB-15424.024.50.511.0Core
PGB-15914.214.70.56.9Core
PGB-16510.713.52.818.7Core
Including12.012.70.765.4 
PGB-17018.821.02.240.0Core
Including20.121.00.994.1 
PGB-1780.06.76.711.1Core
Including0.51.61.117.0 
And Including2.93.81.010.5 
And Including5.96.70.826.4 
PGL-00031.28.57.3198.0Test
Including3.78.54.9296.1 
Including3.74.91.21,147.1 
PGL-00054.96.11.210.1Test

Highlights from the surface program meanwhile contain the following. All surface drilling reported this morning is from the Wedge zone, which is located just under three kilometres by road to the south of the firms processing facility. The zone is viewed as a southwest extension of the current mineral system with the overall structure believed to extend over more than seven kilometres.

  • 66.3 g/t gold over 1.0 metre from drill hole PG20-769;
  • 24.3 g/t gold over 1.0 metre from drill hole PG20-775;
  • 20.5 g/t gold over 1.0 metre from drill hole PG20-766;
  • 16.6 g/t gold over 1.5 metres from drill hole PG20-767;
  • 11.4 g/t gold over 2.0 metres from drill hole PG20-773.

Pure Gold Mining last traded at $2.30 on the TSX Venture.


Information for this briefing was found via Pure Gold Mining and Sedar. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

How a Single Deal Turned 2 ‘Dead’ Mines into a $2B Project | Canadian Copper PEA – Simon Quick

Silver47 x Summa Silver: Creating An Explorer With A Billion Ounce Goal

Alamos Gold Q1 Earnings: The Inside Scoop

Recommended

Silver47 x Summa Silver: Creating An Explorer With A Billion Ounce Goal

Canadian Copper: The $172M Combined Strategy PEA

Related News

Goldman Sachs Upgrades Gold Price Forecast in Light of Growing Demand

Goldman Sachs has upgraded its gold price forecast for the current year, citing a shift...

Wednesday, March 9, 2022, 03:09:00 PM

Centerra Gold Takes Former Director To Court Related To Kumtor Mine Seizure

Centerra Gold Inc. (TSX: CG) announced Thursday that it has started court proceedings in the...

Friday, May 21, 2021, 09:05:10 AM

Inca One Gold: Gold Prepayment Facility Expected To Continue To Drive Results

When it comes to the gold market, presently, headwinds are rather less than exciting. With...

Sunday, September 19, 2021, 03:39:00 PM

Mining For Gold In Idaho – The Daily Dive feat Oliver Friesen of Gold Lion Resources

Today, Daily Dive host Cassandra Leah sits down with that of Oliver Friesen, CEO of...

Tuesday, December 1, 2020, 01:00:00 PM

Northern Vertex To Conduct 800 Metre Drill Program At West Oatman

Northern Vertex Mining Corp (TSXV: NEE) this morning announced that it will be conducting a...

Tuesday, May 11, 2021, 07:40:28 AM