Pure Gold expands Wedge from surface to vertical depth of 500 metres
Tuesday, Jun 19, 2018
Pure Gold Mining Inc. is pleased to report that surface drilling at the Madsen Gold Project (“Madsen”) continues to establish the Wedge area as an important component of a large, high grade mineral system that hosts two related past-producing mines, and significant current mineral resources along a five kilometer structural corridor.  Surface drilling of the Wedge area has expanded strongly mineralized zones to a vertical depth of 500 metres and has established continuity of gold mineralization in several key areas.  With two drill rigs currently active at the Wedge, the Company is on track to meet its goal of disclosing an initial mineral resource in Q4 2018.

Drilling highlights:

  • Drilling continues to expand the scale of the Wedge zones with gold mineralization intersected to a vertical depth of +500 metres.  Drilling highlights from the Wedge drilling include:
    • 354.0 g/t gold over 1.0 metre from drill hole PG18-540;
    • 18.3 g/t gold over 1.0 metre and,
    • 19.9 g/t gold over 3.3. metres, including 53.6 g/t gold over 1.0 metre from drill hole PG18-564.
  • Step out drilling on the Wedge-MJ zone has successfully intersected gold mineralization over a 150 metre dip extent.  Drilling highlights include:
    • 17.1 g/t gold over 1.7 metres from drill hole PG18-533,
    • 9.0 g/t gold over 1.7 metres from drill hole PG18-530.
  • Drilling has also intersected high grade gold mineralization up dip of historical workings of the Starratt mine, highlighted by:
    • 40.4 g/t gold over 1.9 metres from drill hole PG18-574.
  • Surface drilling in the Wedge area has recommenced with two drill rigs.
“Since acquiring and consolidating the Madsen Gold Project in 2014, our team has successfully established significant zones of gold mineralization along a five kilometer corridor,” said Darin Labrenz, President and CEO of Pure Gold.  “While we have referred to these zones as satellite deposits, mines, zones and targets, our drilling has unequivocally linked them genetically and geometrically into one large, common mineral system that spans the entire five kilometer strike length.  The recognition of this important structural relationship has opened up expansive gaps along strike and down plunge that are highly prospective for continued resource growth, supporting our goal of establishing a new multi-million ounce mine complex at Madsen.  We will continue to aggressively test these growth opportunities consistent with our objective of building a modern, scalable mining operation at Madsen.”

Wedge Mineralization Continues to Depth

The Wedge deposit area, located approximately three kilometres by road south of the Madsen milling infrastructure, forms a southward extension of the same mineral system that hosts the Madsen and Fork deposits defining a key mineralized structural corridor that extends over a five kilometre strike length.  Initial drilling in the Wedge area intersected 21.3 g/t gold over 10.3 metres from drill hole PG17-486 at a vertical depth of 15 metres, establishing the strength of the Wedge system at surface.1   Subsequent mapping of the area has revealed a robust vein system with visible gold present at surface.  Results reported herein have demonstrated a well-defined south plunge to mineralization with exceptional continuity.   Down plunge of PG17-486, drill hole PG18-564 returned 19.9 g/t gold over 3.3 metres at a vertical depth of 230 metres, while PG18-540 returned 354.0 g/t gold over 1.0 metre  320 metres below surface.   Drill hole PG18-569, characterized by a wide zone of strong alteration with multiple quartz veins, individually up to 0.85 metres in length, intersected the Wedge deposit 500 metres below the mineralization exposed at surface.

Gold mineralization in the Wedge area lies in the geological footwall of and forms mineralized zones that are oblique to those primarily mined from the Starratt-Olsen mine which recorded production over an eight year period from 1948 to 1956.  Although most historical records from the Starratt-Olsen mine have been lost, recent compilation of partial records has shown that limited mine development was extended late in the mine life to the south and into the Wedge deposit area, where two primary stopes were developed.  Work by Pure Gold has shown that this mineralization continues to surface, as well as to depth below this limited stoping, forming a well-developed mineralized zone with exceptional continuity.  Importantly, our team has established a clear relationship between mineralization present at Starratt to that intersected by drilling at Wedge, Fork, and Madsen opening up extensive opportunities for resource growth along this five kilometre structural break.

Building Continuity at Wedge-MJ

The westernmost of Wedge’s mineralized zones (Wedge-MJ) is interpreted as a possible analog of known deposits on the same geological contact, including the 8 Zone and Russet South deposits.  Initial drilling from this zone returned 12.1 g/t gold over 2.0 metres from drill hole PG17-474.1   Northernmost drilling of the MJ to date returned 17.1 g/t gold over 1.7 metres from drill hole PG18-533.  Drilling to date by Pure Gold has established two mineralized shoots within the MJ domain, both intersected over a 150 metre dip extent and open for expansion in all directions.

2018 Exploration Drilling

The Company recently announced an additional 21,000 metres of exploration drilling with the goal of demonstrating expansion and project scalability opportunities at Madsen.  Surface drilling is ongoing with two drill rigs currently targeting extensions of Wedge’s mineralized zones.  Further results are pending and will be released when available.

For more information, please visit: http://puregoldmining.ca

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