Pure Gold Mining
(TSX.V: PGM | OTCQB: LRTNF)
“Over the last several months we have seen an exciting major resurgence in investment and interest in the Red Lake District and Pure Gold continues to lead this charge,” stated Darin Labrenz, President and CEO of Pure Gold. “Today’s exploration results include a new gold-bearing pierce-point in the gap between Russet South at surface and the deeper 8 zone, confirming the new mineralized corridor described in the October 9, 2019 news release and establishing geologic continuity between these two high grade zones.3 With this new discovery, and the continued exploration success at Wedge we are pushing well beyond the boundaries of our previous feasibility study.1 Deep pierce points along the entire seven kilometer trend intersecting the same style of mineralization, geology, alteration and high-grade gold support the opportunity for growth and scalability of the project for the long term. Today’s results continue to crystallize this opportunity, with drilling successfully pushing the envelope downward at Wedge and a second test of the 8 zone gap returning high grade gold. Importantly, all of this sits within reach of a mine and milling complex expected to be in production in Q4 2020, providing clear support for the opportunity for a phased approach to growth of the Madsen Red Lake Mine into a major regional producer.”
Investor inquiries:
Adam O’Brien Investor Relations
Tel: 604-646-8000 ex. 223
info@puregoldmining.ca
