Our Growth

Dream big

PureGold is a Growth Company

Our Growth Strategy is pure and simple. With our 100%-owned, fully-constructed operating PureGold Mine, a multi-million-ounce gold endowment, and significant exploration upside, our strategy is to invest in growing production organically by advancing mining and exploration across our 100%-owned, 47-km2 property located in the world-famous Red Lake Gold District.

More than 1.3 million metres of drilling, with an average drill hole span of just over 6 metres between drill holes has delineated a 7-kilometre-long Gold Corridor which has similar rock, timing, and geology as the famous Red Lake Mine located right next door – a mine that has already produced over 25 million ounces of gold.1,8

Our Goal is to build a multi-generational mining company by developing our multi-million-ounce gold deposit in incremental stages – step-by-step, using a disciplined and financially-solid Phased approach to mine development.

 

And we’ve only just scratched the surface.

We believe this is but the tip of the iceberg, that there’s significantly more high-grade gold waiting to be discovered by our aggressive exploration drilling program.

PureGold is a growth company, committed to achieving dramatic transformative growth in size and scale of our gold assets.

To which we say, dream no small dreams.

– Mark O’Dea


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

7There can be no certainty that additional exploration drilling will result in a mineral resource being delineated.
8Geological similarities to Evolution Red Lake Mine are not necessarily indicative of the mineralization at the PureGold Mine.