Welcome to the IKCEST
Pure Gold’s 30,000m drill program underway, stock rallies
Pure Gold’s Madsen gold project in Ontario’s Red Lake gold camp. (Image: Pure Gold Mining)

Pure Gold Mining (TSXV: PGM)(LSE: PUR) has launched an exploration and resource growth program at its Red Lake mine development project in Ontario.

Over 30,000 metres of diamond drilling, both underground and at surface, are planned at the site. Work is expected to carry into 2021.

The Red Lake mine is fully funded and on track to deliver its first output later this year

“We are now launching an aggressive exploration program designed to realize our vision for future growth at Canada’s next gold mine,” Pure Gold president and CEO Darin Labrenz said in a press release.

“Our drill program has been designed with the goal of increasing indicated mineral resources through infill drilling, with potential to convert to future reserves; expand our gold resources through step-out drilling and make new high-grade discoveries through regional exploration,” Labrenz said.

Underground drilling, which began Thursday, is designed to infill and expand mineral resources with the goal of optimizing and expanding the near-term mine plan, the company said. Initial drilling will occur in areas targeted for the first two years of production.

Previous drilling from the area returned 232.4 g/t gold over 5.2 metres in one hole and 50.2 g/t gold over 4.0 metres in another.

Surface drilling will focus on expanding new discoveries along Pure Gold’s over-seven-kilometre gold corridor. The goal of this program is to grow mineral resources in areas where the company believes has the potential to convert resources into future reserves and form part of an expanded mine plan. Diamond drilling is expected to start in July.

A third aspect of Pure Gold’s exploration strategy is unveiling and establishing the growth potential of high-grade zones.

The Red Lake mine is fully funded and on track to deliver its first output later this year.

Shares of Pure Gold Mining climbed 4.7% by midday Thursday to a near 52-week high. The Vancouver-based gold explorer has a market capitalization of C$493.7 million.

850 0

Original Text (This is the original text for your reference.)

Pure Gold’s Madsen gold project in Ontario’s Red Lake gold camp. (Image: Pure Gold Mining)

Pure Gold Mining (TSXV: PGM)(LSE: PUR) has launched an exploration and resource growth program at its Red Lake mine development project in Ontario.

Over 30,000 metres of diamond drilling, both underground and at surface, are planned at the site. Work is expected to carry into 2021.

The Red Lake mine is fully funded and on track to deliver its first output later this year

“We are now launching an aggressive exploration program designed to realize our vision for future growth at Canada’s next gold mine,” Pure Gold president and CEO Darin Labrenz said in a press release.

“Our drill program has been designed with the goal of increasing indicated mineral resources through infill drilling, with potential to convert to future reserves; expand our gold resources through step-out drilling and make new high-grade discoveries through regional exploration,” Labrenz said.

Underground drilling, which began Thursday, is designed to infill and expand mineral resources with the goal of optimizing and expanding the near-term mine plan, the company said. Initial drilling will occur in areas targeted for the first two years of production.

Previous drilling from the area returned 232.4 g/t gold over 5.2 metres in one hole and 50.2 g/t gold over 4.0 metres in another.

Surface drilling will focus on expanding new discoveries along Pure Gold’s over-seven-kilometre gold corridor. The goal of this program is to grow mineral resources in areas where the company believes has the potential to convert resources into future reserves and form part of an expanded mine plan. Diamond drilling is expected to start in July.

A third aspect of Pure Gold’s exploration strategy is unveiling and establishing the growth potential of high-grade zones.

The Red Lake mine is fully funded and on track to deliver its first output later this year.

Shares of Pure Gold Mining climbed 4.7% by midday Thursday to a near 52-week high. The Vancouver-based gold explorer has a market capitalization of C$493.7 million.

850 0
Comments

    Something to say?

    Log in or Sign up for free

    Disclaimer: The translated content is provided by third-party translation service providers, and IKCEST shall not assume any responsibility for the accuracy and legality of the content.
    Translate engine
    Article's language
    English
    中文
    Pусск
    Français
    Español
    العربية
    Português
    Kikongo
    Dutch
    kiswahili
    هَوُسَ
    IsiZulu
    Action
    Related

    Report

    Select your report category*



    Reason*



    By pressing send, your feedback will be used to improve IKCEST. Your privacy will be protected.

    Submit
    Cancel