logo-loader
MiningGold & silver
Pure Gold Mining

Pure Gold hits over 17 g/t gold over 3.5 metres at Madsen in Red Lake

red_lake_350_5451205189c26.jpg

Pure Gold Mining (CVE:PGM) shares rallied as much as 5.5 percent on Wednesday after reporting drill results from its ongoing exploration program at its Madsen gold project in the Red lake gold district of Ontario. 

The results were highlighted by an intercept of 17.18 grams per tonne (g/t) gold over 3.5 metres, occurring approximately 115 metres below surfact at the Fork zone.

The hole is the most southern hole targeted the zone, which remains open along strike and to depth. The structure has so far been traced for 275 metres in strike length, to a vertical depth of 200 metres.

The company has completed seven drill holes in the area, with three of them returning visible gold, Pure Gold said.

The Fork zone will be further drill tested by the company following the winter freeze-up, it added.

Shares jumped to as high as 28.5 Canadian cents on Wednesday, up 5.5 percent.

 

Quick facts: Pure Gold Mining

Price: $0.62

Market: TSX-V
Market Cap: $219.25 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Pure Gold Mining named herein, including the promotion by the Company of Pure Gold Mining in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Proactive Investors takes closer look at Red Lake, Ontario Mining District.

Proactive Investors Vancouver talked with two well know CEO's about one of the most prolific mining districts in Canada. Red Lake, Ontario. Darin Labrenz, CEO of Pure Gold (CVE: PGM) and Chris Taylor from Great Bear Resources (CVE: GBR) both have successful projects and talked about the...

on 07/16/2019

2 min read