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Pure Gold Mining Inc
Symbol PGM
Shares Issued 125,719,854
Close 2015-06-15 C$ 0.16
Market Cap C$ 20,115,177
Recent Sedar Documents

Pure Gold Mining drills 0.6 m of 35.2 g/t Au at Madsen

2015-06-16 06:44 ET - News Release

Mr. Darin Labrenz reports

PURE GOLD INTERSECTS ADDITIONAL HIGH GRADE GOLD IN 500 METRE STEPOUT AT MADSEN

Pure Gold Mining Inc. has released final drill results from the Russet South winter drill program at the company's 100-per-cent-owned Madsen gold project in the prolific Red Lake gold district. These final results are highlighted by hole PG15-045, which drill tested the Kappa target and intersected multiple, discrete high-grade gold zones, including 35.2 grams per tonne gold over 0.6 metre and 5.4 g/t gold over eight metres, including 12.3 g/t gold over 2.9 metres.

"We commenced the winter drill program with the goal of testing our new geological model for shallow, high-grade mineralization, and we are extremely pleased that our early success has validated the exploration potential of the 50-square-kilometre Madsen property. We are confident that these are the first of many discoveries at Madsen," stated Darin Labrenz, president and chief executive officer of Pure Gold. "At Russet South, we intersected high-grade gold mineralization in three new areas and have established a high-grade gold footprint. The summer field exploration program will further refine our exploration model in advance of a proposed fall drill program at Madsen."

New reported drill highlights from Russet South include:

  • 35.2 g/t Au over 0.6 metre;
  • 6.4 g/t Au over two metres;
  • 5.4 g/t Au over eight metres, including 12.3 g/t Au over 2.9 metres, in PG15-045;
  • 8.1 g/t Au over two metres in PG15-052.

Previously reported results from Russet South include:

  • 9.5 g/t Au over 3.5 metres in PG15-027;
  • 15.0 g/t Au over five metres in PG15-028;
  • 39.1 g/t Au over 2.9 metres in PG15-031;
  • 37.5 g/t Au over 1.7 metres in PG15-032;
  • 20.0 g/t Au over 0.7 metre in PG15-038 (see news releases dated March 2, 2015, March 16, 2015, and May 25, 2015).

Russet South

Mineralization at Russet South, located 1,400 metres west of the headframe, is comparable with the Madsen deposit and other recent high-grade discoveries in the Red Lake district, such as Goldcorp's HG Young, Cochenour and High Grade zone. Drilling in 2015 delineated near-surface high-grade gold mineralization within a 600 m by 350 m target horizon, and remains open downdip and along strike. Drill hole PG15-045 intersected multiple, discrete shallow zones of high-grade gold mineralization on the footwall of the main ultramafic unit within a setting that remains open downdip and along strike, and broadly expands the potential host stratigraphy at Russet South.

For a plan map showing the footprint of gold mineralization at Russet South, please visit the company's website.

         DRILL RESULTS TO DATE

Hole      From    To  Intercept    Au
            (m)   (m)        (m) (g/t)

PG15-027  96.0  99.5        3.5   9.5 
incl.     98.0  99.5        1.5  18.8
PG15-028    75    86       11.0   8.2  
incl.       77    82        5.0  15.0
PG15-029 153.0 154.0        1.0   1.0 
PG15-030  47.3  49.0        1.7   1.9 
PG15-031  13.2  16.1        2.9  39.1 
incl.     13.2  14.9        1.7  34.4
incl.     14.9  15.4        0.5  36.2
incl.     15.4  16.1        0.7  52.4
PG15-032  47.3  49.0        1.7  37.5  
          47.3  48.0        0.7  83.8
PG15-033  45.0  47.0        2.0   3.4 
          59.0  61.0        2.0   4.9
PG15-034  29.1  30.4        1.3   6.5 
          37.0  38.0        1.0   1.1
PG15-035   7.9  23.2       15.3   0.5 
          86.0  88.0        2.0   2.3
         111.0 113.0        2.0   3.2
         155.0 160.5        5.5   0.8
         254.0 272.6       18.6   0.2
PG15-036 181.0 214.6       33.6   0.2 
PG15-037 133.9 146.0       12.1   3.9 
incl.    133.9 135.5        1.6   8.4
incl.    143.5 146.0        2.5   7.3
         169.8 171.4        1.6   1.7
PG15-038  86.3  99.3       13.0   0.1 
         137.0 159.0       22.0   0.3
         173.8 174.5        0.7  20.0 
         182.0 184.0        2.0   0.7
         197.0 210.0       13.0   0.2
PG15-039 222.3 223.3        1.0   2.2 
PG15-040 63.0   71.8        8.8   0.2 
PG15-041 191.0 203.5       12.5   0.5 
PG15-042       No significant results
PG15-043 221.8 230.1        8.3   0.1 
         239.1 248.0        8.9   0.2
         279.0 293.7       14.7   0.4
PG15-044 298.7 299.3        0.7   0.9 
PG15-045   7.4  23.0       15.6   1.4 
incl.     10.6  12.6        2.0   6.4
          51.7  52.3        0.6  35.2
         146.0 148.5        2.5   2.7
         163.0 165.0        2.0   2.8
         216.0 236.0       20.0   2.3
incl.    222.0 230.0        8.0   5.4
incl.    225.1 228.0        2.9  12.3
PG15-046       No significant results
PG15-047   8.1   9.0        0.9   1.0 
PG15-048       No significant results
PG15-049 145.0 147.0        2.0   1.6
PG15-050       No significant results
PG15-051  25.7  27.0        1.3   4.0 
PG15-052  19.0  24.8        5.8   0.7 
          82.2 121.0       38.8   1.1
incl.     82.2  86.0        3.8   3.9
and      103.0 105.0        2.0   8.1
         131.0 141.0       10.0   1.1
PG15-053  48.6  49.3        0.7   2.7 
         102.5 103.0        0.5   3.5

Assay composites were calculated using uncut assays, are reported as drilled widths and interpreted to vary between 70 per cent to 100 per cent of true widths.

Pure Gold commences summer exploration program

Pure Gold has commenced a systematic summer exploration program to build off the success of the winter drill program. Highlights of the 2015 winter drilling program include:

  • Gold mineralization intersected in 19 of 23 holes at Russet South, loosely defining a 600 m by 350 m target horizon that is open in all directions;
  • Identification of three high-grade targets (Alpha, Beta, Kappa) with a limited 5,000 m program at Russet South;
  • Extended the strike length of the Fork zone high-grade structure to 350 m with a limited 1,000 m drilling program;
  • Validated the geologic model at Russet South and Fork zone by successfully defining continuity of multiple high-grade structures.

The summer program will further refine the targeting model, advance existing targets to a drill-ready stage and generate new targets across the 50 square km property. The continuing exploration program will include trenching, stripping and channel sampling of key areas within the broad gold footprint identified at Russet South. Elsewhere on the property, the program will include focused geologic mapping and sampling in key structural corridors, expansion of the geochemical sampling program with an additional 4,000 soil samples, and further compilation and modelling of both early-stage and advanced-stage targets with the intent of refining the targeting model for the proposed fall drill program.

Quality assurance/quality control and core sampling protocols

Core samples were submitted to ALS Minerals in Thunder Bay, Ont., for sample preparation by crushing to 70 per cent less than two millimetres, rotary splitting off one kilogram and pulverizing the split to better than 85 per cent passing 75 microns. Sample pulps are shipped to the ALS assay laboratory in North Vancouver, B.C., for gold analysis with a 30-gram fire assay and AAS finish (code Au-AA23). Samples returning greater than five g/t Au are reassayed with a gravimetric finish (code GRA21). Mineralized zones with visible gold are reanalyzed by a one-kilogram screen fire assay with screen to 100 microns. A duplicate 30 g fire assay is conducted on the screen undersize while assaying of entire oversize fraction (code Au-SCR21). Control samples (accredited standards and blanks) were inserted on a regular basis.

Qualified persons and National Instrument 43-101 disclosure

Darren O'Brien, PGeo, vice-president, exploration, for the company, is the designated qualified person for this news release within the meaning of National Instrument 43-101, and has reviewed and verified that the technical information contained herein is accurate, and approves of the written disclosure of same.

About Madsen

Madsen hosts an operational headframe, a permitted mill and tailings facility, and access to power, water and labour. The Madsen gold project has an indicated resource of 928,000 ounces gold at 8.93 g/t Au (in 3.24 million tonnes) and an inferred resource of 297,000 ounces gold at 11.74 g/t Au (in 790,000 tonnes), and is situated in one of the most active exploration and mining camps in North America.

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