Jun 17 2015
Pure Gold Mining Inc. is pleased to announce final drill results from the Russet South winter drill program at the Company's 100%-owned Madsen Gold Project in the prolific Red Lake gold district.
These final results are highlighted by hole PG15-045 which drill tested the Kappa Target and intersected multiple, discrete high-grade gold zones, including 35.2 g/t gold over 0.6 metres and 5.4 g/t gold over 8.0 metres, including 12.3 g/t gold over 2.9 metres.
"We commenced the winter drill program with the goal of testing our new geological model for shallow, high grade mineralization and we are extremely pleased that our early success has validated the exploration potential of the 50 km2 Madsen property. We are confident that these are the first of many discoveries at Madsen," stated Darin Labrenz, President and CEO of Pure Gold. "At Russet South, we intersected high-grade gold mineralization in three new areas, and have established a high grade gold footprint. The summer field exploration program will further refine our exploration model in advance of a proposed fall drill program at Madsen."
New reported drill highlights from Russet South include:
- 35.2 g/t Au over 0.6 metres and,
- 6.4 g/t Au over 2.0 metres and,
- 5.4 g/t Au over 8.0 metres including 12.3 g/t Au over 2.9 metres in PG15-045;
- 8.1 g/t Au over 2.0 metres in PG15-052.
Previously reported results from Russet South include:
- 9.5 g/t Au over 3.5 metres in PG15-027
- 15.0 g/t Au over 5.0 metres in PG15-028
- 39.1 g/t Au over 2.9 metres in PG15-031
- 37.5 g/t Au over 1.7 metres in PG15-032
- 20.0 g/t Au over 0.7 metres in PG15-038
(See news releases March 2, 2015, March 16, 2015 and May 25, 2015)
Russet South
Mineralization at Russet South, located 1,400 metres west of the headframe, is comparable to the Madsen deposit and other recent high-grade discoveries in the Red Lake district, such as Goldcorp's HG Young, Cochenour, and High Grade Zone. Drilling in 2015 delineated near-surface high-grade gold mineralization within a 600 metre x 350 metre target horizon and remains open down-dip and along strike. Drill hole PG15-045 intersected multiple, discrete shallow zones of high-grade gold mineralization on the footwall of the main ultramafic unit within a setting that remains open down-dip and along strike, and broadly expands the potential host stratigraphy at Russet South.
For a plan map showing the footprint of gold mineralization at Russet South, please click here: http://www.puregoldmining.ca/sites/default/files/NR1510drillplan.pdf
For a table of 2015 drill results to date, please click http://www.puregoldmining.ca/sites/default/files/NR1510drillresults.pdf
Assay composites were calculated using uncut assays and are reported as drilled widths and interpreted to vary between 70% to 100% of true widths.
Pure Gold Commences Summer Exploration Program
Pure Gold has commenced a systematic summer exploration program to build off the success of the winter drill program. Highlights of the 2015 winter drilling program include:
- Gold mineralization intersected in 19 of 23 holes at Russet South, loosely defining a 600 metre x 350 metre target horizon that is open in all directions;
- Identification of three high-grade targets (Alpha, Beta, Kappa) with a limited 5,000 metre program at Russet South;
- Extended the strike length of the Fork Zone high-grade structure to 350 metres with a limited 1,000 metre drilling program;
- Validated the geologic model at Russet South and Fork Zone by successfully defining continuity of multiple high-grade structures.
The summer program will further refine the targeting model, advance existing targets to a drill-ready stage, and generate new targets across the 50km2 property. The ongoing exploration program will include trenching, stripping, and channel sampling of key areas within the broad gold footprint identified at Russet South. Elsewhere on the property, the program will include focused geologic mapping and sampling in key structural corridors, expansion of the geochemical sampling program with an additional 4,000 soil samples, and further compilation and modelling of both early stage and advanced stage targets with the intent of refining the targeting model for the proposed fall drill program.