PureGold launches 30 000 m drilling programme
TSX-V- and Aim-listed Pure Gold Mining has launched its 2020/21 exploration and resource growth programme at its wholly owned Red Lake mine, in Canada.
Over 30 000 m of diamond drilling, including both underground and surface drilling, is planned to optimise the near-term mine plan, expedite the growth of its mineral resources and expand new high-grade discoveries.
PureGold president and CEO Darin Labrenz says the company is confident that the mine plan in its outlined feasibility study is scalable, and that it has the potential to expand.
“While we remain completely focused on our fully-funded mine construction and ramp up, we strongly believe in the potential for our mineral reserves and mine production to grow, and our new programme is designed to start building our future growth today."
Underground drilling, which started on June 4, is designed to infill and expand mineral resources with the goal of optimizing and expanding the near term mine plan. It is expected that underground drilling with the purpose of reserve replacement will form an important ongoing component through the life-of-mine.
Initial drilling will occur in areas targeted for the first two years of production as part of the miner’s ongoing detailed mine plan optimisation.
Surface drilling will focus on expanding new discoveries along the over 7 km gold corridor.
The goal of this programme is to grow mineral resources in areas where the miner believes strong potential exists for mineral resources to convert to future reserves and form part of an expanded mine plan.
The drilling forms an important component of the plan to establish the growth and scalability of the miner’s PureGold mine complex, and diamond drilling will start in July with two drill rigs which will initially be deployed to the Wedge area.
Further, a third aspect of PureGold’s exploration strategy is unveiling and establishing the growth potential of high-grade zones such as the 8 Zone. Open up and down-plunge for expansion, the 8 Zone has previously returned extraordinary drill results such as 466.0 g/t gold over 4.3 m and 342.4 g/t gold over 5.5 m and forms an important part of the miner’s Phase 1 mine.
Recent drilling in the area up-plunge has identified quartz veining with visible gold within a strong alteration footprint around the clearly defined structure which also hosts the 8 Zone.
With the average gold grade in the 8 Zone indicated resource of 20.5 g/t, the expansion of this zone, and discovery of similar zones, provide the opportunity for explosive transformative growth at the PureGold Red Lake mine, the miner said.
The comprehensive PureGold exploration drill programme is expected to continue into 2021, with results released during the course of the activities.
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