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Pure Gold drills 1 meter at 382 g/t of gold at Madsen in Ontario

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Pure Gold drills 1 meter at 382 g/t of gold at Madsen in Ontario

Drilling on Pure Gold Mining Inc.'s Madsen property in Ontario hit high grades while confirming the southern plunge of the McVeigh horizon in a 100-meter step out.

Recent drilling returned highlights such as 3.7 meters at 126.6 g/t of gold from a depth of 280.5 meters, including a 1.0-meter interval grading 382.0 g/t of gold, from the Austin zone, while drilling at McVeigh returned results including 4.9 meters at 9.5 g/t of gold from a depth of 349.1 meters, including 2.3 meters at 17.5 g/t of gold.

"[D]rilling has demonstrated that the McVeigh is mineralized well below the shallow historic workings and has lateral continuity with deep roots," Pure Gold's President and CEO Darin Labrenz said in the statement. "With this established, we are now stepping out more aggressively within the McVeigh, with the goal of testing the extents of the mineralization."

The company also noted that the Austin mineralization is located outside of proposed mining shapes defined in a preliminary economic assessment.

Pure Gold added a fourth diamond drill rig to the campaign in late August, to accelerate exploration on satellite targets without reducing efforts focused on the McVeigh horizon. The ongoing 51,000-meter drill program is budgeted at C$9.1 million.