“Over the last several years our team has developed a tremendous understanding of the PureGold mine deposit,” stated Darin Labrenz, President and CEO of PureGold. “We have established the scale of this gold system, with fantastic continuity along a seven kilometre trend, and we are building a mine that will be one of the highest grade mines in the world.2 Our 30,000 metre exploration program is designed to firmly establish growth and scalability beyond our initial phase 1 mine plan. But even within the footprint of our phase 1 mine, the deposit continues to exceed our expectations with broad, high-grade intercepts that demonstrate opportunities for near term growth. New drill results demonstrate that extensions of existing stopes and possible expansions of the mine plan occur very close to existing or planned development and as such, have the potential to impact near term mine cash flow.”
ABOUT THE PURE GOLD RED LAKE MINE
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.
Adam O’Brien Investor Relations
Tel: 604-646-8000 ex. 223
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