Pure Gold Intersects 133.4 g/t Gold Over 2.0 meters At Mcveigh, Madsen Gold Project
VANCOUVER, BC - Pure Gold Mining Inc. reported drill results from the ongoing 70,000 meter, four drill rig, exploration program at the Company's 100% owned Madsen Gold Project. Results reported herein include a number of significant achievements for Pure Gold.
Drill hole PG17-307 intersected the highest grade result by Pure Gold to date in the McVeigh, returning 133.4 g/t gold over 2.0 meters, including 264.9 g/t gold over 1.0meter meters at a depth of 225 meters below surface. This intercept lies approximately 150 meters below mined stopes on 2 Level and outside of conceptual areas studied for potential mining development in the 2016 PEA1. Drilling of the McVeigh continues to support geologic models highlighting internal continuity in south plunging mineralized shoots. The McVeigh remains open in all directions, with drilling currently focused on broader step-outs, outside the known extents of mineralization, with a goal of expanding the resource in proximity to the established infrastructure.
Results have identified gold mineralization in a 60 meter step out on previously reported results from the A3 Target of 14.3 g/t over 1.0 meters in drill hole PG16-2822. Drill hole PG17-320 is the deepest gold mineralized intercept returned by Pure Gold to date in the A3 Target, highlighting gold mineralization at a depth of 600 vertical meters. Drilling targeting the A3, which is situated immediately in the hanging wall of the McVeigh, has now established a 500 meter plunge extent on the mineralized structure.
Step-out Drilling Intersects Mineralization 900m South of McVeigh Portal at the Fork Zone
Drilling by Pure Gold intersected 3.9 g/t gold over 6.6 meters, including 13.9 g/t gold over 1.5 meters in a 150 meter step-out from PG14-011 which returned 17.2 g/t gold over 3.5 meters at a vertical depth of 130 meters. This intercept establishes a strike length at Fork of 450 meters in a shallow south-dipping gold bearing structure which remains open for expansion. More importantly, drill hole PG17-359 has extended the gold mineralized structure that hosts the McVeigh Zone approximately 600 meters to the south of the southernmost McVeigh drilling to date.
New geologic modelling based on recent drilling has established the structural framework for the Fork Zone and reinforces the scale of the Madsen mineral system. This new work confirms the earlier postulation of strike continuity of the gold mineralized system between the Madsen and Starratt Mines, with approximately 2.5 kilometers from the Madsen #2 shaft to the Starratt Target and 5 kilometers total strike length of the high grade gold-mineralized system.
"Our drilling has firmly established the expansion of the Madsen mineral system," said Darin Lakbrenz, President and CEO of Pure Gold. "Today's results show high gold grades intersected outside the limits of the existing resource and more importantly, significant step-out drilling has linked what were previously viewed as separate target areas into a common geologic model, demonstrating the potential size of the Madsen mineral system."