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Red Lake Madsen Mine Ltd LRTNF

Metals & Mining Gold
Pure Gold Mining Inc is a gold mining company, located in the heart of Red Lake, Ontario, Canada. Its vision is pure and simple, to build a profitable, multi-generational growth company in the world-class gold mining district of Red Lake. With 100%-owned, fully constructed operating PureGold Mine, a multi-million-ounce gold endowment, and significant exploration upside, the company's value-maximizing strategy is to pursue operational excellence, while investing in systematic exploration and phased expansions to fuel discovery and growth for the future.


GREY:LRTNF - Post by User

Red Lake Madsen Mine Ltd > Metalhead
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Comment by goldlocatoron Dec 23, 2021 7:53am
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Post# 34257258

RE:RE:RE:RE:RE:RE:Metalhead

RE:RE:RE:RE:RE:RE:MetalheadThe geology allowed the Madsen mine to operate for 38 years and almost 2.5 million ounces of gold was recovered. The grade was about .29 OPT. And for almost all the operating time the POG was pegged at about $35. Now the price is a little higher. Starret Olson produced another 200,000 ounces. Both are located in the Austin tuff. Since you are saying it is the geology possibly you can give us a detailed explanation rather than a simple statement. Myself I refer to documents published by the OGS. One in particular contains papers on Madsen and Starrat Olson, Dickenson and the Red Lake area in general. Another is a 2 part paper on Archean deposits covering depositional and genetic models. Possibly you have read these and maybe you could give us your interpretation, especially the portion on the Madsen.

Best of the season to everyone.
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