https://www.engineeringnews.co.za

Pure Gold drilling hits grades of 56.6 g/t

7th April 2021

By: Creamer Media Reporter

     

Font size: - +

Ontario-based Pure Gold Mining’s stock closed 5% higher on Tuesday, after the company reported high-grade drill intercepts from its underground drilling programme at its namesake mine in Red Lake.

The results included 56.6 g/t gold over 1 m; 8.7 g/t gold over 7.9 m, including 44.4 g/t over 1 m; 7.5 g/t over 4 m, including 19.9 g/t over 1 m; and 30.5 g/t over 0.6 m.

The drilling targeted zones in close proximity to new ramp development and adjacent to planned stoping areas with the goal of expanding available reserves. The company said that the results were being integrated into near-term mine planning.

“Our underground drilling ahead of near-term mine production continues to reinforce the high-grade nature of this orebody,” stated president and CEO Darin Labrenz.

“With gold recoveries at better than 95%, and the mill ramp up effectively behind us, we can now focus on maximising delivery of high-grade ore from underground.

“Our prioritised Main ramp development will continue to provide access to increasingly higher grades, and with the East ramp now touching the orebody we expect expanded mine flexibility and high-grade ore delivery from underground,” he said.

Pure Gold’s drilling programme is continuing.

The company’s share price closed at C$1.42 apiece.  

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Environmental Impact Management Services
Environmental Impact Management Services

EIMS is an independent specialised environmental consulting firm offering the full spectrum of environmental management services across all sectors...

VISIT SHOWROOM 
Craig Miller Technical Services (CMTS)
Craig Miller Technical Services (CMTS)

CMTS is a leading, well-established EC&I contractor with 37+ years of mining and industrial experience. We execute full-scope EC&I projects with...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.053 0.792s - 140pq - 2rq
Subscribe Now