Pure Gold Mining (TSXV: PGM) this morning reported results from its drill program that was completed in the third quarter. Drilling was conducted underground, as the company works to plan for near term production from the Main Ramp and East Ramp regions of its mine operation.
The results are said to have the potential for an expanded resource estimate near to existing mine development. Highlights from the results released this morning include:
- PGP-00072: 55.4 g/t gold over 5.0 metres
- PGP-00086: 14.5 g/t gold over 13.2 metres
- PGP-00091: 10.1 g/t gold over 7.8 metres
- PGP-00070: 18.2 g/t gold over 3.9 metres
Both infill and expansion drilling are still being conducted from the surface as well as underground as the company looks to prioritize its mining operations while also looking for potential resource expansion. Two drill rigs are currently on site, with one conducting surface exploration and the other working underground.
Two additional rigs are expected to be operating on site by the end of the month, targeting areas for near-term production.
Pure Gold Mining last traded at $0.97 on the TSX Venture.
Information for this briefing was found via Sedar and the companies mentioned. 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.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.