DOW 32,778.64. 1 Vein area, east of the PureGold mine, returned 2 metres of 16.1 g/t gold and hit gold mineralization in an extension of historical workings. 1,4. ON BEHALF OF THE BOARD"Darin Labrenz"Darin Labrenz, President & CEO, Investor inquiries: Adrian O’Brien - Director, Marketing and CommunicationsTel: 604-809-6890aobrien@puregoldmining.ca. Initial high-grade stopes are on-line as of late February with head grades increasing since then. Pure Gold expects to announce commercial production at the mine in the second quarter – initial production and cost guidance for the rest of the year would then follow. Geo., Vice President, Exploration for the Company, is the designated Qualified Person for this news release within the meaning of National Instrument 43-101 (“NI 43-101”) and has reviewed and verified that the technical information contained herein is accurate and approves of the written disclosure of same. For a complete list of 2020/2021 drill results, click link below: https://puregoldmining.ca/wp-content/uploads/2021/03/2020-and-2021-DH-Intercepts-Table-March-04-2021.pdf. Additional information about the Company and its activities may be found on the Company’s website at www.puregoldmining.ca and under the Company’s profile at www.sedar.com. PureGold disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law. 1 Vein highlight organic growth potential of the PureGold Mine. Recent drilling at the Wedge Zone, located approximately two kilometres south of the PureGold mill, has been focused on a new target in the Starratt area, Wedge-ST, testing both near-surface and deeper extensions of high grade gold mineralization intersected by earlier PureGold drilling programs. The drillholes hit intervals of high-grade gold outside of the existing resources – a resource update is underway with results expected in the second quarter. PureGold is a growth company, located in the very heart of Red Lake, Canada. Leave this field empty if you're human: Popular Pages. by Natasha Jokic. Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management at the date the statements are made including, among others, assumptions about future prices of gold and other metal prices, currency exchange rates and interest rates, favourable operating conditions, political stability, obtaining governmental approvals and financing on time, obtaining renewals for existing licences and permits and obtaining required licences and permits, labour stability, stability in market conditions, availability of equipment, accuracy of any mineral resources, successful resolution of disputes and anticipated costs and expenditures. Mineralized zones with visible gold and shoulder samples are also analyzed by a 1 kg screen fire assay with screening to 100 microns. But most of the time, these types of schemes are scams, and […] Duplicate 30 g fire assays are conducted on the screen undersize and combined with an assay of the entire oversize fraction. View PGM's stock price, price target, earnings, forecast, insider trades, and news at MarketBeat. The company expects to achieve commercial production at the … Everyone likes rewards; Whenever people top the floor, rewards or gifts, they give their full attention to how they can earn that reward or gift. Ongoing Exploration DrillingIn 2020 21,417 metres of surface exploration drilling were completed. 1 Vein targets within its 47-sq.-km PureGold property in Red Lake, Ont. Learn More. Once the two independent mining centres are operating, Pure Gold expects to meet or exceed the mine’s 800 t/d design capacity. March grades are expected at 7 g/t gold, which is in line with the grade profile in the first-year production schedule in the 2019 feasibility. Intercepts from Treasure Box include 1.1 metres of 9.9 g/t gold and 1.1 metres of 13.5 g/t gold. March 4, 2021 To develop a highly-profitable long life gold mining company, becoming Canada’s next iconic gold producer. Two surface and two underground drills are turning at the site. – Pure Gold Mining Inc. (TSX-V:PGM, LSE:PUR) (“PureGold… A summary table of results is set out at the end of this News Release. Timing key in consulting deal between FirstEnergy, regulator. Treasure Box was initially discovered by previous operator Placer Dome and remained a top priority for Placer Dome up until their takeover by Barrick and Goldcorp in 2006. 1 Vein — … NQ size core samples are sawn with a diamond blade saw and half-core retained for further study after being detail logged and photographed. Outlook for 2021 With the steady progress of mining and milling performance throughout the ramp-up period toward the design production rate of 800 tonnes per day, the Company currently anticipates declaring commercial production at the PureGold Mine in Q2 2021. Seafloor miner DeepGreen plans listing through merger with SPAC, Generation Mining feasibility defines 13-year open pit mine. To date, ongoing COVID-19 screening and prevention procedures implemented on the project have been successful in allowing work to safely continue with limited impacts on productivity. News PureGold drills high-grade gold at three targets as mine ramps up March 4, 2021 by ... Treasure Box and No. by Canadian Mining Journal Staff. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect", "near term”, "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. Gold analysis is completed in the SGS Red Lake lab with a 30 g fire assay and AAS finish (code GE-FAA30V5). Commercial production at PureGold mine expected in Q2. Required fields are marked *. The high grade Wedge Zone, including Wedge-ST, remains a core component of the phased growth plan at the PureGold Mine. The PureGold Mine. “As we continue to systemically discover new zones and expand the areas of known high grade gold mineralization on our property, results such as these broad, high grade intervals are exciting, as they reinforce the continuity of high-grade gold mineralization across our 7-km gold corridor both laterally and at depth.”. Please remember that information is accurate at the time we post it, but may be superseded by subsequent news releases. PureGold Mining opened 6.02 per cent down and is trading for C$2.34 per share PureGold Mining (PGM) has appointed Chris Haubrich as its Vice President of Business Development. 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008. By: Canadian Mining Journal staff December 16, 2020. 1 Vein targets within its 47-sq.-km PureGold property in Red Lake, Ont. Many assumptions are based on factors and events that are not within the control of PureGold and there is no assurance they will prove to be correct. Development from this access is expected to start towards the end of March and stope production is scheduled by April. VANCOUVER, British Columbia, March 04, 2021 (GLOBE NEWSWIRE) -- Pure Gold Mining Inc. (TSX-V:PGM, LSE:PUR) (“PureGold” or the “Company”), is pleased to announce that surface exploration drilling has intersected high grade gold mineralization located outside PureGold’s existing Mineral Resources1 at three distinct targets—Wedge, Treasure Box, and No. Save my name, email, and website in this browser for the next time I comment. A duplicate 30 g fire assay is conducted on the screen undersize with assaying of the entire oversize fraction (code Au-SCR21). Earlier this week, Pure Gold also provided an update on the progress of the ramp-up of the PureGold underground mine, which poured first gold at the end of December. New drilling at the Treasure Box target by PureGold has returned high grade gold and successfully tested a new structural model for this quartz vein swarm target. The drillholes hit intervals of high-grade gold outside of the existing resources – a resource update is underway with results expected in the second quarter. Last year, the emerging producer drilled 21,417 metres as part of its surface exploration program at the property; approximately 21,000 metres is budgeted for this year. PureGold Mining has announced that it has poured its first gold bar at its Red Lake, Ontario mine. The first gold bar has been poured from ore at the PureGold mine in Red Lake, Ont. New drilling at the No. For a map showing location of drilling targets, click link below: https://puregoldmining.ca/wp-content/uploads/2021/03/Resources-and-Targets-Plan-20210304.pdf. 16.6 g/t gold over 5.0 metres at Wedge, 19.2 g/t gold over 1.1 metres at Treasure Box, and 16.1 g/t over 2.0 metres at No. Drilling returned high grade gold intervals, expanding the vertical extents of high grade mineralization at Wedge to over 500 metres and stepping out along strike over 200 metres. What a year. Results are assessed for accuracy, precision, and contamination on an ongoing basis. © 2021 GlobeNewswire, Inc. All Rights Reserved. Pure Gold has been completing approximately one gold pour each week, with gold doré regularly shipped to the Royal Canadian Mint. Sample pulps are shipped to the ALS assay laboratory in North Vancouver, BC for gold analysis with a 30 g fire assay and AAS finish (code Au-AA23). As we continue to systemically discover new zones and expand the areas of known high grade gold mineralization on our property, results such as these broad, high grade intervals are exciting, as they reinforce the continuity of high-grade gold mineralization across our seven kilometre gold corridor both laterally and at depth,” stated Darin Labrenz, President and CEO of PureGold. We would like to show you a description here but the site won’t allow us. “The latest results from our ongoing surface exploration program are consistent with our strategy of continuing to expand our resource base well beyond our current mineral reserves to support organic growth of the PureGold mine for many years to come,” Darin Labrenz, PureGold president and CEO, said in a release. This zone, 3 km from the mill, lies along the Russet mafic-ultramafic contact that also hosts the existing 8-Zone and Russett South deposits. Treasure Box is a new drill target for PureGold, located approximately three kilometres north of the PureGold mill, and situated along the same highly prospective and underexplored Russet mafic/ultramafic contact that hosts the Company’s 8-Zone and Russet South deposits. The performance to date has “met or exceeded” expectations in terms of development and production rates, mill performance and gold recovery. Commodity futures news: PureGold Mine Ramp-Up Progressing Steadily, updated 2021-03-03 06:30:01. To develop a highly-profitable long life gold mining company, becoming Canada’s next iconic gold producer. 2020. Drilling at the No. Prior to joining the PureGold team, Chris accumulated more than a decade of experience with mergers and acquisitions, corporate strategy, and engineering consulting to name a few. Our plan is very disciplined, very methodical and financially sound. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 1 Vein highlight organic growth potential of the PureGold Mine . 16.6 g/t gold over 5.0 metres at Wedge, 19.2 g/t gold over 1.1 metres at Treasure Box, and 16.1 g/t over 2.0 metres at No. Just click on the year, select the release, view on screen, or you can download (and print) as a PDF. Pure Gold Mining (TSXV: PGM; LSE: PUR; US-OTC: LRTNF) poured its first gold in the final week of 2020 at its PureGold mine in Red Lake, Ontario and the company expects to reach commercial production by the end of the first quarter of 2021.. Your email address will not be published. Visible disseminated gold is hosted within quartz veins associated with a porphyritic host rock and the system remains open at depth. March 4, 2021 PureGold Mining Surface Exploration Drilling Intersects High Grade Gold at Three Targets Near PureGold Mine March 3, 2021 About Pure Gold Mining Inc.PureGold is a growth company, located in the very heart of Red Lake, Canada. All statements in this press release, other than statements of historical fact, are "forward-looking information" with respect to PureGold within the meaning of applicable securities laws, including, but not limited to statements with respect to those that address proposed timing of development plans for the PureGold Red Lake Mine complex, timing and size of exploration activities, potential for additional resources and timing of resource estimates and expansion of known deposits, potential for making new discoveries and the focus of the Company in the coming months. Results will continue to be reported as available. Such forward-looking information, involves known and unknown risks, which may cause the actual results to be materially different from any future results expressed or implied by such forward-looking information, including, risks related to the interpretation of results at the Pure Gold Red Lake Mine complex; changes in project parameters as plans continue to be refined; current economic conditions; future prices of commodities; possible variations in grade or recovery rates; the costs and timing of the development of new deposits; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; the timing and success of exploration and development activities generally; delays in permitting; possible claims against the Company; the timing of future economic studies; labour disputes and other risks of the mining industry; delays in obtaining governmental approvals, financing or in the completion of exploration as well as those factors discussed in the Annual Information Form of the Company dated March 26, 2020 in the section entitled "Risk Factors", under PureGold’s SEDAR profile at www.sedar.com. VANCOUVER, B.C. Credit: Pure Gold Mining. To provide increased ore tonnage optionality and operating flexibility, Pure Gold has been developing a second decline on the northwest end of the mine – the East portal. PUREGOLD SURFACE EXPLORATION DRILLING INTERSECTS HIGH GRADE GOLD AT THREE TARGETS NEAR PUREGOLD MINE March 4, 2021 . World shares mixed as China reports so-so economic data . PureGold Mine Ramp-Up Progressing Steadily GlobeNewswire Mar 03, 2021 06:30 AM EST VANCOUVER, British Columbia, March 03, 2021 (GLOBE NEWSWIRE) -- Pure Gold Mining Inc. (TSX-V:PGM, LSE:PUR) (“PureGold” or the “Company”), is pleased to provide an update on ongoing commissioning and ramp-up activities at the Company’s high grade PureGold Mine in Red Lake, Ontario. To expand organically, and develop PureGold’s multi-million … QQQ 315.72. “With our PureGold Mine now pouring gold and nearing commercial production, we remain as committed as ever to growth through exploration as we continue our mission to unlock the full potential of the PureGold Mine in Red Lake, Canada.". These results highlight the deep roots of the Wedge Zone, as well as the strong potential to expand mineralization at Wedge both laterally and at depth. This is one of the world’s highest-grade gold mines – it's higher than 95% of gold mines, anywhere on this planet. However, significant delays in analytical results turnaround have been experienced and are expected to continue through the first half of 2021. Outlook for 2021. The release notes the ongoing ‘strong’ potential to expand Wedge both laterally and at depth. Drill Results SummaryNew assay results from select drill holes are outlined below: *Assay composites were calculated using uncut assays and true widths are interpreted to vary from 70-90% (80%, on average) of reported core lengths above. S&P 500 3,943.34. The most recent results expand the vertical limits of high-grade gold at Wedge to over 500 metres and increase its strike extent by over 200 metres. VANCOUVER, BC / ACCESSWIRE / January 26, 2021 / Pacton Gold Inc. (TSXV:PAC)(OTC PINK:PACXF)(FSE:2NKN) (the "Company" or "Pacton") is pleased to announce it has received final data from PureGold for the 2D seismic survey that was completed at its Red Lake Gold project (Figures 1 & 2). With the pouring of first gold, PureGold joins an elite group of gold producers who own multi-million-ounce deposits located in tier-one mining jurisdictions. Select Year 2021 . Pure Gold Mining (TSXV: PGM; LSE: PUR) has released the results of surface exploration drilling completed at the Wedge, Treasure Box and No. Underground exploration and delineation drilling is ongoing with two diamond drills active and will be reported quarterly. BuzzFeed Staff Well, the first week of 2021 is over. Samples processed at SGS are prepared by drying and crushing to 75% less than 2 mm, a riffle split of 250 g, and pulverization of the split to better than 85% passing 106 microns. Although PureGold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Mineralized zones with visible gold are also analyzed by a 500 g screen fire assay with screening to 106 microns (code GO-FAS30M). Our Phase One Mine By the Numbers 1. The MarketWatch News Department was not involved in the creation of this content. Asian shares mixed as China reports so-so economic data . Outlook for 2021 With the steady progress of mining and milling performance throughout the ramp-up period toward the design production rate of … The portal was collared last year and is moving forward at a rate of over 7 metres a day. Our objective is pure and simple. Data from the 2D seismic survey completed in 2020 helped to highlight the potential of this target hosted in a similar setting to other recent discoveries in the district. Samples processed at ALS include sample preparation by crushing to 70% less than 2 mm, a rotary split of 1 kg, and pulverization of the split to better than 85% passing 75 microns. Samples returning >5 g/t Au are re-assayed with a gravimetric finish (code GRA21). The company plans to provide full-year guidance for 2021 once the mine reaches commercial production. Event Estimate Info Date; Earnings Report: 0.765 PHP : Q4 2020 Earnings Release: 04/09/2021: Earnings Report - Q1 2021 Earnings Release: 05/07/2021: Earnings Report VANCOUVER, British Columbia, March 04, 2021 (GLOBE NEWSWIRE) -- Pure Gold Mining Inc. (TSX-V:PGM, LSE:PUR) (“PureGold” or the “Company”), is pleased to announce that surface exploration drilling has intersected high grade gold mineralization located outside PureGold’s existing Mineral Resources1 at three distinct targets—Wedge, Treasure Box, and No.
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