Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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In the heady bullish days of last summer these grades would have sent the sp rocketing, it just shows how much sentiment is against gold at the moment.
Just topped up a couple of grand here . Looking forward to more results , especially the 8 zone .
Wish i'd done it the other day sub £1
Oh well its only 7p , when it comes good that won't make much difference .
Still kicking myself I sold these at 50p last year .
With POG possibly hitting bottom levels now , looking for a much better outlook this year .
It will be interesting to see if the dominent Canadian market pull tge share price higher here when it opens.
Any significance to Derlak coming up blank, or too early to tell yet?
Be nice now to see PUR update on probable gold reserves as currently shown on their website. Suspect they will require more drilling in each of the 3 new sites to determine that. Looking forward to future drilling results on other "virgin" territory. More would make the company an attractive takeover proposition.
And at last being supported by some decent buying. Cheap now by whatever measure you like!
110 close would signal a change in fortunes back to 130. Gosh this has been some slog these last weeks. Hopefully we’ll look back on it as a massive missed opportunity!!
Trek
and a nice reminder about commercial production from Darin Labrenz, President and CEO of PureGold.
"With our PureGold Mine now pouring gold and nearing commercial production''
"The latest results from our ongoing surface exploration program are consistent with our strategy of continuing to expand our resource base well beyond our current Mineral Reserves to support organic growth of the PureGold Mine for many years to come. As we continue to systemically discover new zones and expand the areas of known high grade gold mineralization on our property, results such as these broad, high grade intervals are exciting, as they reinforce the continuity of high-grade gold mineralization across our seven kilometre gold corridor both laterally and at depth," stated Darin Labrenz, President and CEO of PureGold. "With our PureGold Mine now pouring gold and nearing commercial production, we remain as committed as ever to growth through exploration as we continue our mission to unlock the full potential of the PureGold Mine in Red Lake, Canada."
PUREGOLD SURFACE EXPLORATION DRILLING INTERSECTS HIGH GRADE GOLD AT THREE TARGETS NEAR PUREGOLD MINE
16.6 g/t gold over 5.0 metres at Wedge, 19.2 g/t gold over 1.1 metres at Treasure Box, and 16.1 g/t over 2.0 metres at No. 1 Vein highlight organic growth potential of the PureGold Mine
VANCOUVER, B.C. - Pure Gold Mining Inc. (TSX-V:PGM, LSE:PUR) ("PureGold" or the "Company"), is pleased to announce that surface exploration drilling has intersected high grade gold mineralization located outside PureGold's existing Mineral Resources(1) at three distinct targets-Wedge, Treasure Box, and No. 1 Vein - as shown on the map linked below . The continued success of the ongoing surface exploration program is consistent with the Company's objective of fueling PureGold's future organic growth beyond the Phase 1 Mine by discovering new zones and expanding upon known zones of high grade gold across the Company's 47km(2) property. An updated mineral resource estimate is in progress and is anticipated to be published in the second quarter.
Drilling results highlights:
o 16.6 g /t gold over 5.0 metres from drill hole PG20-817 at Wedge-ST; including 33.0 g/t gold over 1.0 metre and 19.5 g/t gold over 1.0 metre
o 10.5 g/t gold over 3.5 metres from drill hole PG20-797 at Wedge-ST; including 28.9 g/t gold over 1.0 metre ;
o 9.9 g/t gold over 1.1 metres and 13.5 g/t gold over 1.1 metres from drill hole PG20-792 at Treasure Box;
o 19.2 g /t gold over 1.1 metres from drill hole PG20-803 at Treasure Box;
o 16.1 g/t gold over 2.0 metres from drill hole PG21-828 at No. 1 Vein.