Our underground drilling continues to be extremely successful in delivering on its objective of discovering new gold mineralization, extending mineralization out from planned stopes and confirming stopes planned for near-term production. New grade control drilling has highlighted the potential for bonanza grades in stopes planned for near term production.
Highlights of drilling from underground include:
- 296.1 g/t gold over 4.9 metres from test hole PGL-0003, including 1,147.1 g/t gold over 1.2 metres;
- 40.0 g/t gold over 2.2 metres from drill hole PGB-0170, including 94.1 g/t over 0.9 metres;
- 18.7 g/t gold over 2.8 metres from drill hole PGB-0165, including 65.4 g/t over 0.7 metres;
- 11.1 g/t gold over 6.7 metres from drill hole PGB-0178.
Additionally, new surface drilling results at Wedge highlight the strong continuity of the high grade gold mineralization, both down plunge and along strike, reinforcing the Wedge as a high priority for resource growth.
Highlights of surface drilling from Wedge:
- 66.3 g/t gold over 1.0 metre from drill hole PG20-769;
- 24.3 g/t gold over 1.0 metre from drill hole PG20-775;
- 20.5 g/t gold over 1.0 metre from drill hole PG20-766;
- 16.6 g/t gold over 1.5 metres from drill hole PG20-767;
- 11.4 g/t gold over 2.0 metres from drill hole PG20-773.
Two surface rigs are expected to continue exploration and expansion drilling into 2021 with well over 30,000 meters planned, and underground drilling is expected to continue over the life of the mine.
“Over the last several months our exploration team has been intently working to achieve our objective of growing resources at our high grade discoveries, as well as infill and expansion of stopes that form part of our near-term mine plan,” stated
Underground drilling results are from holes designed to further delineate and expand stopes scheduled for near-term production. Core holes were drilled using either an electric hydraulic drill rig drilling NQ size core samples (47.6 mm) or a Bazooka air drill which returned EW size core samples (25.4mm). Test hole samples were obtained using a pneumatic longhole production rig where samples were acquired by collecting the all rock cuttings and sludge from each 1.2 metre drill run.
The test holes were drilled from the hanging wall No. 2 stope, discovered during the 2018 test mining program, to test the lateral and vertical continuity of the hanging wall lens No. 3 which was only partially mined by that program. Bonanza grades, including 1.2 metres grading 1,147.1 g/t gold, were returned from this drilling demonstrating the high grade of this near-term production area.
Surface drilling results reported herein are from the Wedge zone, located less than three kilometres by road south of the PureGold processing facility. The Wedge resources form a southward extension of the same mineral system that hosts the phase I mineral reserves under development defining a key gold mineralized structural corridor that extends over a more than seven kilometre strike length and providing potential for project scalability. Ongoing drilling at Wedge continues to support the strong continuity of high grade gold mineralization in multiple zones.
Drill Results Summary
New underground drilling assay results from select drill holes are outlined below:
Hole ID | From (m) | To (m) | Length (m) | Gold (g/t) | Method |
PGB-154 | 24.0 | 24.5 | 0.5 | 11.0 | Core |
PGB-159 | 14.2 | 14.7 | 0.5 | 6.9 | Core |
PGB-165 | 10.7 | 13.5 | 2.8 | 18.7 | Core |
Including | 12.0 | 12.7 | 0.7 | 65.4 | |
PGB-170 | 18.8 | 21.0 | 2.2 | 40.0 | Core |
Including | 20.1 | 21.0 | 0.9 | 94.1 | |
PGB-178 | 0.0 | 6.7 | 6.7 | 11.1 | Core |
Including | 0.5 | 1.6 | 1.1 | 17.0 | |
And Including | 2.9 | 3.8 | 1.0 | 10.5 | |
And Including | 5.9 | 6.7 | 0.8 | 26.4 | |
PGL-0003 | 1.2 | 8.5 | 7.3 | 198.0 | Test |
Including | 3.7 | 8.5 | 4.9 | 296.1 | |
Including | 3.7 | 4.9 | 1.2 | 1,147.1 | |
PGL-0005 | 4.9 | 6.1 | 1.2 | 10.1 | Test |
*Assay composites were calculated using uncut assays and true widths are interpreted to vary from 80-95% (90%, on average) of reported core lengths above.
New surface drilling assay results from select drill holes are outlined below:
Hole ID | From (m) | To (m) | Length (m) | Gold (g/t) | Zone |
PG20-739 | 159.6 | 162.8 | 3.3 | 5.4 | Wedge |
Including | 161.7 | 162.8 | 1.1 | 7.2 | |
PG20-741 | 118.7 | 119.7 | 1.0 | 7.5 | Wedge |
PG20-758 | 238.1 | 240.1 | 2.0 | 6.4 | Wedge |
Including | 238.1 | 239.1 | 1.0 | 8.6 | |
PG20-764 | 25.6 | 26.6 | 1.0 | 5.0 | Wedge |
PG20-766 | 11.0 | 12.0 | 1.0 | 20.5 | Wedge |
and | 28.0 | 30.0 | 2.0 | 3.6 | |
and | 34.0 | 36.0 | 2.0 | 6.7 | |
PG20-767 | 208.5 | 213.0 | 4.5 | 6.3 | Wedge |
Including | 211.5 | 213.0 | 1.5 | 16.6 | |
PG20-769 | 97.5 | 98.5 | 1.0 | 7.3 | Wedge |
and | 110.1 | 111.1 | 1.0 | 66.3 | |
PG20-770 | 357.7 | 358.7 | 1.0 | 3.8 | Wedge |
PG20-773 | 37.2 | 38.2 | 2.0 | 11.4 | Wedge |
PG20-775 | 302.5 | 303.5 | 1.0 | 24.3 | Wedge |
*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.
For a complete list of 2020 drill results to date, click link below:
http://puregoldmining.ca/sites/default/files/2020-DH-Intercepts-Table-October-27.pdf
About
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.
1. For further information, see the technical report titled “Madsen Gold Project Technical Report Feasibility Study for the
QA/QC and Core Sampling Protocols
Drill core and test hole samples are submitted to SGS Minerals in
NQ drill core 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. Sample pulps are shipped to the ALS assay laboratory in
A duplicate 30 g fire assay is conducted on the screen undersize with assaying of the entire oversize fraction (code Au-SCR21).
Control samples (certified standards and uncertified blanks), along with field, prep and pulp duplicates, are inserted on a regular basis. Results are assessed for accuracy, precision, and contamination on an ongoing basis.
Qualified Persons and 43-101 Disclosure
Our mandate is pure and simple. To dream big. To colour outside the lines. To use smart science and creativity to unlock the
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.
ON BEHALF OF THE BOARD
"
Investor inquiries:
Adrian O’Brien, Director of
Direct: 604-809-6890
Office: 604-646-8000 x223
info@puregoldmining.ca
Neither
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
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
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. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. 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.
Source:
2020 GlobeNewswire, Inc., source