PureGold is a Growth Company
Our Mandate is pure and simple. To dream big. To colour outside the lines. To use smart science and disciplined creativity to achieve dramatic transformative growth, in both size and scale.
Our Growth Strategy is also pure and simple. To continue our highly-focused and highly-successful exploration and expansion drilling program across our 100%-owned, 47-km2 property located in the world-famous Red Lake Gold District – a property which already hosts the district’s #2 historical gold producer.
More than 1.3 million metres of drilling, with an average drill hole span of just over 6 metres between drill holes used to define our mineral reserves 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
1See the National Instrument 43-101 technical report entitled “Madsen Gold Project Technical Report, Feasibility Study for the Madsen Deposit, Red Lake, Ontario, Canada” with an effective date of February 5, 2019 and dated July 5, 2019 for complete details, available on the Company’s website at www.puregoldmining.ca or Sedar profile at www.sedar.com.
6PureGold has defined a 2.1-million-ounce Indicated Resource (7.2Mt @ 8.9 g/t gold) and a 0.5-million-ounce Inferred Resource (1.9Mt @ 7.7 g/t gold) at the PureGold Mine. Mineral resources are inclusive of Probable Mineral Reserves of 1 million ounces of gold grading 9 g/t (in 3.5 million tonnes).
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.
9Historic drill results prior to the implementation of NI 43-101. A full discussion and cautionary language regarding historic sampling practices can be found in the Feasibility Study Technical Report noted above.