Thursday, April 15, 2021
Gold Mining News Hub
  • Home
  • Gold News
  • Gold Mining
  • industry
  • companies
  • price
  • Gold & Silver
  • Diamonds
Gold Mining News Hub
No Result
View All Result
Home Gold & Silver

Pure Gold Mining says underground exploration drilling has intersected

July 29, 2020
in Gold & Silver
2 min read
Pure Gold Mining says underground exploration drilling has intersected
Share on FacebookShare on Twitter


Underground drilling at Pure Gold’s promising Red Lake mine project in Ontario intersected 12.8 grams per ton gold over 10 metres

Pure Gold Mining Inc () () said Tuesday that its promising underground exploration campaign has intersected high-grade gold mineralization from step-out drill holes drilled close to existing underground development at its Red Lake mine project in Ontario.

The mine developer posted more encouraging results from underground drilling at its Red Lake mine, saying it has extended gold mineralization out from current design stopes, has “discovered new gold zones that will be integrated into mine planning,” and has “confirmed stopes scheduled for near term production.”

Underground drilling at Pure Gold’s Red Lake mine project intersected 12.8 grams per ton (g/t) gold over 10 metres from drill hole PGU-0136 and including 20.1 g/t gold over 5 metres.

READ: Pure Gold Mining hails drill results from underground campaign at Red Lake, which shows potential to expand deposit

In other highlights, the drilling at Red Lake intersected 9.3 g/t gold over 2.4 metres from drill hole PGU-0123; including 16.2 g/t gold over 1.1 metres, and 10.6 g/t gold over 2.0 metres from drill hole PGU-0124.

“These latest high-grade gold intercepts continue to reinforce our near-term growth plan for the Pure Gold Red Lake mine and to exhibit the tremendous strength, continuity and scalability of this high-grade gold system,” Pure Gold Mining CEO Darin Labrenz said in a statement.

“Underground exploration drilling continues to extend stopes that are part of our near term mine plan, and to discover brand new gold zones which could have a direct net positive impact on our production profile, and  because of their proximity to existing development a potential impact to near term cash flow at our mine.”

The Pure Gold boss said that in this case the company has “more than doubled the strike length of a planned stope,” further demonstrating the dramatic transformative growth potential of its mine.

“We have only just begun a 30,000 metre exploration program, which will span across our seven kilometre gold corridor, and already we’re delivering on our objective of building a multigenerational mining complex in Red Lake, Canada,” Labrenz added.

Diamond drilling continues to identify extensions to design stopes, providing opportunity for additional high grade tonnes from existing or planned development. Previous drilling in the MV1280-3815 stope area, including 46.7 g/t gold over 7.0 metres from drill hole PGU-0118, demonstrated potential for eastern and western extension of that stope.

Contact the author Uttara Choudhury at [email protected]

Follow her on Twitter: @UttaraProactive



Read More: Pure Gold Mining says underground exploration drilling has intersected

Tags: drillingexplorationGoldintersectedminingPureunderground
Previous Post

Mike Novogratz says gold and bitcoin will both surge higher as long as the

Next Post

Gold price surge blessing in disguise for Indonesia

Related Posts

Galantas Gold restarts underground blasting at Omagh mine

Galantas Gold restarts underground blasting at Omagh mine

by Gold Mining News
April 15, 2021
0

What it does  ()(TSX:GAL) is a dual-listed company which owns a producing open pit gold mine near Omagh, County Tyrone,...

Oracle Power says “significant strides” made in Pakistan and Australia

Oracle Power says “significant strides” made in Pakistan and Australia

by Gold Mining News
April 14, 2021
0

The company predicts progress and 'high impact news flow' in the coming months.  () said it made “significant strides” in the...

Tharisa ups production, benefits from strong platinum group metals prices

Tharisa ups production, benefits from strong platinum group metals prices

by Gold Mining News
April 13, 2021
0

Tharisa has a long track record of successful PGM production from its South African projects () produced 35,000 ounces...

Highland Gold higher as it agrees to £1bn takeover deal

Highland Gold higher as it agrees to £1bn takeover deal

by Gold Mining News
July 31, 2020
0

Investors in line to cash in from the sale include Russian billionaire and Chelsea FC owner Roman Abramovich Highland...

Pan African Resources sees strong cashflows as gold price surges

Pan African Resources sees strong cashflows as gold price surges

by Gold Mining News
July 30, 2020
0

How it's doing Gold production increased by 4.1% in the year ended June 30 2020 to 179,575 ounces of gold up...

0 0 vote
Article Rating
Subscribe
Login
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments

Today Gold News

Galiano Gold Files Prospectus Supplement Qualifying ATM Offering

Norsemont Announces the Appointment of Veteran Geologist Art Freeze to Its

July 3, 2020
Great Bear bolsters board with mining industry veteran as it continues to

Great Bear bolsters board with mining industry veteran as it continues to

June 24, 2020

Ora Banda Mining upgrading Callion resource model after drilling hits more

July 11, 2020
Markets Week Ahead: S&P 500, Dow Jones, Gold Prices, US Dollar, USD/MXN

Markets Week Ahead: S&P 500, Dow Jones, Gold Prices, US Dollar, USD/MXN

June 22, 2020
The silver price is really beginning to move, which is good news for Alien

The silver price is really beginning to move, which is good news for Alien

June 22, 2020

Gold News

Vaccine pause threatens to worsen ‘hesitancy’ problem
Gold News

Vaccine pause threatens to worsen ‘hesitancy’ problem

April 15, 2021
Tanzania’s new president comes out as firmly pro-business, and highlights
Gold News

Tanzania’s new president comes out as firmly pro-business, and highlights

April 15, 2021
Triumph Gold Provides Update on Exploration Activities Related to the Freegold
Gold News

Triumph Gold Provides Update on Exploration Activities Related to the Freegold

April 14, 2021
IronRidge Resources finds highest grade lithium so far at Ghana project
Gold News

IronRidge Resources finds highest grade lithium so far at Ghana project

April 14, 2021
Gold futures end higher after posting back-to-back declines
Gold News

Gold futures end higher after posting back-to-back declines

April 13, 2021
Vast Resources hires experienced processing manager for Baita Plai
Gold News

Vast Resources hires experienced processing manager for Baita Plai

April 13, 2021
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • CCPA
  • DMCA

© 2020 Goldminingnewshubb.com

No Result
View All Result
  • Home
  • Gold News
  • Gold Mining
  • industry
  • companies
  • price
  • Gold & Silver
  • Diamonds

© 2020 Goldminingnewshubb.com

wpDiscuz