Proactive Investors - Run By Investors For Investors

Pure Gold Mining extends outcropping mineralization at Russet South

The Russet South target is a series of high grade, near-surface gold zones, located some 1.5km west of the McVeigh horizon
The 2016 drilling program is underway
The 2016 drill program is mainly focused on potential resource expansion within the McVeigh horizon

Drilling by Pure Gold Mining Inc. (CVE:PGM) at its Madsen gold project has successfully extended outcropping mineralization discovered in 2015 at the Russet South prospect.

The Beta and Kappa targets intersected high grade, near surface gold mineralization within close proximity to the existing mining infrastructure, Pure Gold said.

The 2016 drill program at Madsen, in Red Lake, Ontario, is mainly focused on potential resource expansion within the McVeigh horizon, but a smaller sub-set of drilling was completed in early 2016 at the Russet South area where previous drilling and channel sampling by Pure Gold defined three separate targets: Alpha, Beta and Kappa.

These targets share a similar geologic environment to Madsen's 8 Zone resource which is situated 1.6 kilometres down dip on the same geologic contacts.

"Together with Alpha, the Beta and Kappa gold zones highlight the near surface potential of the Russet South area, with both of these targets outcropping at surface, intersected to a vertical depth of 70 metres, and open at depth. The extension of high grade gold in multiple target areas at Russet South, combined with the ongoing two-rig drill testing of expansion potential within the McVeigh horizon continues to advance our goal of unlocking the exploration potential of Madsen," said Darin Labrenz, president and chief executive officer of Pure Gold.

The Russet South target is a series of high grade, near-surface gold zones, located some 1.5 kilometres west of the McVeigh horizon and associated mine infrastructure.

Along with the drilling results, which can be accessed here, the company announced that Phil Smerchanski, director of Geoscience, has been appointed as vice president of Exploration, replacing Darren O'Brien, who leaves with the board's best wishes.
Technical advisor Christopher Lee takes over as Chief Geoscientist now that Smerchanski has changed roles.

View full PGM profile View Profile

Pure Gold Mining Timeline

Related Articles

1533317104_renaiisance-mastre-landscape.jpg
August 03 2018
The company has an extensive portfolio of exploration projects in Nevada and Utah
Gold bars
November 27 2018
Panmure Gordon’s analysts noted that Ariana’s third-quarter update continued the trend of above plan production with its full-year 2018 guidance of 20,00 ounces almost reached in nine months
1526980503_Scotgold---Richard-Gray-at-Tyndrum.jpg
October 23 2018
The decision notice allows Scotgold to proceed with the long-awaited redevelopment of Cononish
Copyright © Proactiveinvestors.com, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use