ONTARIO – As Vancouver-based Pure Gold Mining
continues to drill at its Madsen gold project in the Red Lake area, it is targeting the McVeigh horizon to test new interpretations of near surface, high grade targets near the former mine.
Uncut assays from holes drilled to test the McVeigh target include 1.7 metres of 11.4 g/t Au; 9.3 metres of 11.3 g/t including 6.0 metres of 16.3 g/t; 7.0 metres of 16.0 g/t including 2.1 metres of 45.5 g/t; 4.3 metres of 4.7 g/t; and 7.0 metres of 9.9 g/t Au.
During its previous 30-odd-year life, the Madsen mine produced more than 2.0 million oz of gold. The Austin horizon was the principal source of ore, and the McVeigh horizon runs parallel to it and appears to be open at depth.
Pure Gold said that since January, 3,000 metres of diamond drilling has been completed in 10 drill holes at Madsen. This initial drilling is designed to test the continuity of steeply plunging mineralized shoots within the McVeigh horizon to a maximum depth of approximately 300 metres below surface.
Maps and more information about the Madsen project are available at www.PureGoldMining.ca/