Pure Gold is building Canada’s highest-grade gold development project, the Pure Gold Red Lake Mine. With project financing secured, Pure Gold Red Lake Mine is on track to deliver first production into a rising gold market in late 2020. The orebody is open for expansion and forms a part of a seven kilometre long mineral system under active exploration, with opportunity for transformative growth through discovery.
The recently-acquired claims cover the “Versary” gold occurrence, a 100m-long shear zone containing quartz-pyrite-tourmaline veining and breccia. The showing was discovered in 1968 and has seen sporadic geological work including prospecting, geological mapping, trenching, ground geophysics and 14 shallow diamond drill holes, with the last significant work program completed in 1995 by Consolidated Pine Channel Resources.
“Building a pipeline of new, high quality drill targets outside of the Tuvatu resource is one of our main objectives at Lion One,” commented Dr. Quinton Hennigh, technical advisor to Lion One. “Once access was granted to our new Navilawa tenement, we began to explore. Over the past few months, we conducted BLEG sampling which indicated the entire northern half of the caldera is prospective. Now that we are opening up roads, we are able to see numerous mineralized exposures. These first surface sample results are very promising, and, coupled with recently announced results from our controlled-source audio-magnetotelluric surveys that show robust structures underlying the region, suggest we should have a large pipeline of drill targets in time for the upcoming dry season.”
In this exclusive interview, Michael Rowley the CEO and President of Group Ten Metals (TSX.V: PGE | OTC: PGEZF) sits down with Maurice Jackson of Proven and Probable to highlight the company’s flagship Stillwater West Project located in Montana adjacent to Sibanye’s recently acquired Stillwater Project for 2.2 Billion Dollars.
The company just completed its 2019 Drill campaign and the results are confirming the Proof of Concept on the enormous potential for shareholders. Viewers will note: PGE has more than doubled since our last interview in October! We will cover the polymetallic potential of the Stillwater West, and the companies property bank which hosts palladium, platinum, nickel, copper, gold, cobalt, and rhodium.
Proven and Probable Where we deliver Mining Insights & Bullion Sales. I’m a licensed broker for Miles Franklin Precious Metals Investments. Where we provide unlimited options to expand your precious metals portfolio, from physical deliver, offshore depositories, precious metals IRA’s, and private blockchain distributed ledger technology. Call me directly at (855) 505-1900 or you may email maurice@milesfranklin.com.
Proven and Probable provides insights on mining companies, junior miners, gold mining stocks, uranium, silver, platinum, zinc & copper mining stocks, silver and gold bullion in Canada, the US, Australia and beyond.
Russell Ball, CEO of Calibre stated: “Since closing the transaction with B2Gold in October 2019, I am very pleased with the team’s accomplishments including delivering on guidance with production of 33,506 ounces at AISC of $959/oz. We continue to see opportunities for improved efficiencies as we integrate the two operations to maximize the value from our combined asset base.
The Company intends to use the net proceeds from the Offering for exploration on the Company’s Peruvian exploration properties and for working capital and general corporate purposes.
Mr. Craig Dalziel, President of Oroco, stated, “This registration completes an arduous and complicated 10 year private and public acquisition process that will deliver tremendous value to the shareholders of Oroco. The Company is now in position to undertake the second major phase of its corporate development plans with the immediate acceleration of its exploration activities at Santo Tomás and its ultimate objective of positioning the project as a world-class acquisition target.
