Pure Gold intersects 28.2 g/t gold over 7.0 metres at Madsen
Thursday, Apr 12, 2018
Pure Gold Mining Inc. is pleased to announce that underground drilling continues to reinforce the current resource and expand the mineralized zones at its 100% owned Madsen Gold Project (“Madsen”). Recent drilling, designed to test the resource in close proximity to the Madsen ramp, continues to exceed expectations with several drill holes intersecting multiple lenses of high grade gold mineralization. Notably, underground drilling continues to enhance and better define proposed stope shapes targeted for the first years of production.

Release highlights:

•  Infill drilling has been designed to test and more closely define stope shapes in close proximity to the Company`s planned test mining and bulk sample location;
•  Multiple new underground drill holes have expanded the known mineralization outside of the current resource including:

  • 10.0 g/t gold over 5.0 metres from drill hole PGU-0060,
  • 28.6 g/t gold over 2.0 metres from drill hole PGU-0061,
  • 17.9 g/t gold over 5.1 metres from drill hole PGU-0066,
  • 10.8 g/t gold over 3.0 metres from drill hole PGU-0077;

•  Infill drilling has confirmed planned stope shapes and indicates the presence of higher than expected grades in these areas including:

  • 14.6 g/t gold over 3.5 metres from drill hole PGU-0059,
  • 12.2 g/t gold over 5.5 metres from drill hole PGU-0060,
  • 28.2 g/t gold over 7.0 metres from drill hole PGU-0061.
“Underground drilling continues to demonstrate the strength of the gold system at Madsen” said Darin Labrenz, President and CEO of Pure Gold. “As with our previously released underground drill results from the Madsen ramp area, these latest results have surpassed our expectations, with multiple drill holes returning exceptional widths and grades. In addition to expanding and enhancing the resource, these results will be used to finalize stoping areas that will form part of our test mining program scheduled to commence in the second quarter of 2018. Significantly, these stope shapes are designed to provide simple ramp accessible production in the early years of operation when capital payback is most important.”

Drilling Intersects Multiple Zones of Ramp Accessible High Grade Gold Mineralization

Drilling from the recently completed exploration drift is designed to provide further definition of initial stope shapes in the vicinity of the Madsen ramp. The exploration drift is flanked by the McVeigh and South Austin high grade domains and provides access for tightly-spaced drilling arrays testing the lateral and vertical continuity of planned mining stopes. Test mining is scheduled to commence in the second quarter of 2018 with the extraction of a 7,200 tonne bulk sample, with both lateral and vertical development to demonstrate continuity. The bulk sample will be retained to provide pre-production mineralized inventory that will be used for mill commissioning anticipated in 2019.

Drill hole PGU-0061, located approximately 100 linear metres from the Madsen ramp, returned 28.2 g/t gold over 7.0 metres, including 86.6 g/t gold over 2.0 metres in an area approximately 20 metres north of and contiguous with previously reported drill hole PGU-0028 which returned 19.4 g/t gold over 9.8 metres (see news release dated November 16, 2017). Drill holes PGU-0059, PGU-060, and PGU-0063 also returned broad zones of high grade gold mineralization confirming the estimated resource in the bulk sample area.

Drilling from the Madsen ramp has also demonstrated the potential for the mineral resource to expand, with drill hole PGU-0066 intersecting 17.9 g/t over 5.1 metres, including 79.5 g/t gold over 1.1 metres approximately 25 metres outside of the current mineral resource. Drill holes PGU-0060 and PGU-0061 also support mineral resource extensions.

Several drill holes designed to confirm and test the South Austin domain were also completed from underground, highlighted by drill hole PGU-0077 which expands the resource, returning 10.8 g/t gold over 3.0 metres. PGU-0079, returning 8.0 g/t gold over 2.4 metres, and PGU-0080 which intersected 20.1 g/t gold over 2.0 metres, confirm known mineral resources in this area.

2018 Surface Exploration Plan

Exploration drilling on the property is ongoing with surface drilling targeting expansion of the Wedge Target as well as expansion of the Russet South deposit. In total, 33,000 metres of diamond drilling has been budgeted for early 2018 with drilling focused on expanding known resources and the discovery of new gold deposits. Results from surface drilling will be released as available.

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

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