Jun 15 2016
Pure Gold Mining Inc. is pleased to announce additional drill results from the McVeigh horizon, located on the Company's 100% owned Madsen Gold Project.
Results reported herein represent the final set of results from the initial 16,000 metre program, which is now complete. As previously announced, the Company has begun an expanded exploration program that will include an additional 35,000 metres of drilling. The ongoing work is designed to test and advance new interpretations of near-surface targets in close proximity to the existing mining infrastructure.
"Drilling to date indicates that the McVeigh horizon is open for resource expansion along strike and at depth, below historical mining depths of 230 metres," stated Darin Labrenz, President and CEO of Pure Gold. "The opportunity for resource growth at relatively shallow depths is rare in a historic mining project such as this. We believe the McVeigh horizon has similar potential to the parallel Austin horizon which was mined from surface to a depth of 1,200 metres over a two kilometre strike length."
Highlights from infill and step-out drilling on the one kilometre long McVeigh horizon include:
- 40.1 g/t gold over 1.2 metres in hole PG16-110
- 31.3 g/t gold over 3.7 metres in hole PG16-112
- Including 54.1 g/t gold over 2.0 metres
- 14.2 g/t gold over 5.0 metres in hole PG16-122
- Including 28.5 g/t gold over 2.1 metres
New assay results from select drill holes testing the McVeigh horizon are outlined below:
The current targeting strategy is focused on extending known and discovering new shoots of gold mineralization within the McVeigh horizon along a one kilometre corridor. The results of our drilling confirm that the McVeigh horizon is a fold continuation of the Austin horizon with the mineralization of the McVeigh horizon sharing the same characteristics and similar widths and grades as the parallel Austin horizon which produced over two million ounces of gold from surface to a depth of 1,200 metres.
Pure Gold has initiated an expansion of the 2016 exploration program, including an additional 30,000 metres of drilling targeting down plunge extensions of gold mineralization below the historical mine workings in the McVeigh Horizon and 5000 metres on satellite target zones. The Company is further accelerating this program with the addition of a third drill rig. Results from the program will continue to be released as available.
For a long section showing the McVeigh horizon drill results, please click here:
http://puregoldmining.ca/sites/default/files/McVeigh-Long-Section-06.14.2016.pdf
For a complete list of 2016 drill results to date, please click here:
http://puregoldmining.ca/sites/default/files/2016-DH-Intercepts-Table-June-14.pdf
Source: http://puregoldmining.ca/