Mineral Resources

The PureGold Mine

Our Current Resource

PureGold has defined 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) at the PureGold Mine.1

Mineral Resource Statement for PureGold Mine Property*

Resource Classification Tonnes Grade
(Au g/t)
Contained Gold (oz.)
Indicated 6,909,900 7.4 1,653,000
Inferred 1,819,300 6.3 366,200

* Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada: https://www.puregoldmining.ca/wp-content/uploads/2022/09/Technical-Report-with-QP-Certificates.pdf

*  August 10th 2022 News Release Titled “PureGold Announces Updated Mineral Resource Estimate for PureGold Mine”: https://www.puregoldmining.ca/puregold-announces-updated-mineral-resource-estimate-for-puregold-mine/

Mineral Resource Statement Notes

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 Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada: https://www.puregoldmining.ca/wp-content/uploads/2022/09/Technical-Report-with-QP-Certificates.pdf for further information, available at www.puregoldmining.ca or under the Company’s Sedar profile at www.sedar.com