ONTARIO – Vancouver-based Pure Gold Mining
is on a roll at its Madsen gold project 16 km west of Red Lake. The company recently drilled more high grades in the McVeigh horizon close to the existing permitted infrastructure.
Assays recently returned four excellent intersections:
- 0 g/t over 1.4 metres in hole PG16-151 (Austin);
- 5 g/t over 2.0 metres in hole PG16-152 (McVeigh);
- 2 g/t over 4.0 metres in hole PG16-154 (McVeigh)
- Including 185 g/t over 1.0 metre; and
- 5 g/t over 1.1 metres in hole PG16-167 (McVeigh).
(If anyone is curious about the math, 185 g/t Au is equivalent to 5.4 oz per ton.)
Pure Gold says that mineralization in the McVeigh horizon has been intersected over a 1.0 km length and to a depth of 370 metres below surface. “Current drilling indicates that high grade shoots intersected at the McVeigh have similar geometry and style to the Austin horizon mineralization which occurs in the hanging wall, and from which over two million ounces was historically mined,” concluded the company.
The Madsen project has an indicated resource of 3.24 million tonnes at 8.93 g/t Au (928,000 oz) and an inferred resources of 790,000 tonnes at 11.74 g/t Au (297,000 oz).
Pure Gold president Darin Labrenz said in a release, “We now have intercepts into the McVeigh horizon from surface down to 370 vertical metres, with the zone demonstrating positive down plunge continuity. Drilling to date has outlined significant growth potential at Madsen, with the opportunity to add to an already well-endowed mine complex.”
Detailed results from the recent drill program are posted at www.PureGoldMining.ca.