GREY:LRTNF - Post by User
Post by
WallaceWilliamon Feb 05, 2019 6:40am
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Post# 29319032
Significant Increase in Mineral Resources at the Madsen Gold
Significant Increase in Mineral Resources at the Madsen Gold Indicated Mineral Resources increase 18% to 2,063,000 Ounces Gold
Inferred Mineral Resources increase 58% to 467,000 Ounces Gold
VANCOUVER, British Columbia, Feb. 05, 2019 (GLOBE NEWSWIRE) -- Pure Gold Mining Inc. (PGM – TSX-V) (“Pure Gold” or the “Company”) is pleased to announce an updated and expanded mineral resource estimate for the Madsen Gold Project (“Madsen”). The mineral resource estimate includes updated and expanded mineral resources for all previously reported deposits, including Madsen, Russet South and Fork, and includes first time disclosure of mineral resources at the Company’s Wedge deposit. The mineral resources from the Madsen deposit have been incorporated into a feasibility study (“FS”) currently being finalized and will be followed by a preliminary economic assessment (“PEA”) of the Russet South, Fork and Wedge deposits. Both studies are expected to be released in February.