PureGold Mining
We are 100%-owner of the PureGold Mine that hosts a multi-million-ounce gold endowment and significant exploration upside.
The Red Lake area benefits from a century of exploration and underground mining, which speaks to the depths of the ore systems found here. A multi-generational, deep pool of experienced miners have made Red Lake their home.
Our long-term goal is to build a multi-generational mine.
1The PureGold Mine has a 1.65 million-ounce Indicated Resource (6.9Mt at 7.44 g/t gold) and a 0.366 million-ounce Inferred Resource (1.8Mt at 6.26 g/t gold). The Mineral Resource Estimate has an effective date of December 31, 2021, and was prepared by SRK Consulting (Canada) Inc. (“SRK”) in accordance with the National Instrument 43-101 Standards and Disclosure for Mineral Projects (“NI 43-101”) for its 100% owned PureGold Mine near Red Lake, Ontario. Mineral Resources are estimated using 95% recovery and are reported at a 3.38 g/t gold cut-off.. See the Company’s News Release titled “PureGold Announces Updated Mineral Resource Estimate for PureGold Mine” dated August 10, 2022 for further information, available at www.puregoldmining.ca or under the Company’s Sedar profile at www.sedar.com
3Based on gold price of US$1,700/oz.
3Based on gold price of US$1,700/oz.