Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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Fantastic grade updates here people… and we’re still on track for gold pour before end of year. This should calm the nerves of investors who were querying why we had not received any updates since before the fire. It would not surprise me if the MMs take this down a tad from this morning rises to let the North Americans in before their open. After that we should steadily rise back above previous highs in the next few days.
296.1 g/t gold over 4.9 metres from test hole PGL-0003 gives 1451gm/t. That is the highest gm/t I have seen from main mine drilling.
The 8 zone does of course have still larger values of gm/t.
Some of the highest grades i’ve ever seen being reported, drill results were very much worth the wait!
PUREGOLD INTERSECTS 1,147 G/T GOLD OVER 1.2 METRES FROM UNDERGROUND AND 66.3 G/T GOLD OVER 1 METRE FROM SURFACE
Ongoing drilling continues to build continuity and expand mineralized zones across the seven-kilometre long gold system
VANCOUVER, B.C. - Pure Gold Mining Inc. (TSX-V: PGM, LSE: PUR) ("PureGold" or the "Company"), is pleased to announce that ongoing surface exploration drilling near the PureGold Mine continues to establish greater continuity and expansion of gold mineralization with high grade results returned from multiple drill holes targeting both resource upgrades and resource expansion outside the current mineral reserves. (1) In addition, underground mine stope delineation drilling has intersected bonanza grades in areas targeted for first ore delivery and gold production from the mine. These latest drill holes confirm the exceptional grades of the gold mineralization in the Wedge resource area, support continuity of high grade gold mineralization across the entire seven-kilometre long gold system, and confirm high grade gold in mine stopes scheduled for early production.
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:
o 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;
o 40.0 g /t gold over 2.2 metres from drill hole PGB-0170, including 94.1 g/t over 0.9 metres;
o 18.7 g/t gold over 2.8 metres from drill hole PGB-0165, including 65.4 g/t over 0.7 metres;
o 11.1 g/t gold over 6.7 metres from drill hole PGB-0178.