ONTARIO – Vancouver-based Pure Gold Mining continues to advance its work toward reopening the Madsen gold mine in the Red Lake district. Both the portal and ramp are again open, and work is progressing on a preliminary economic assessment due by the end of Q3 2017.
Drilling is underway in the former Madsen gold mine. (Credit: Pure Gold Mining)
Key surface and underground infrastructure are now operational. This includes water and air lines, underground electrical lines, mine air heating, ventilation system, and power lines from the portal to the provincial grid. The ramp is being reconditioned and underground drilling begun.
The underground drill program will confirm the grade and continuity in the McVeigh, South Austin, Austin and A3 deposits. Exploration drilling will also be undertaken to assess the potential for increasing the resource.
The Madsen B zone remains open for expansion. The most recent estimate is that it contains 253,000 indicated ounces in 379,000 tonnes grading 20.8 g/t gold and a further 74,000 inferred ounces in 142,000 tonnes grading 16.2 g/t gold.
Complete information about the Madsen project is available at www.PureGoldMining.ca.