PureGold owns the PureGold Mine, located in the very heart of Red Lake, Canada.
Red Lake is the world-famous high-grade gold district which has already produced more than 30 million ounces of gold, valued at over USD $50 billion in today’s prices.3
Little wonder Red Lake is called the high-grade gold capital of the world.
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
Data from more than 1.3 million metres of drilling has delineated a 7-kilometre-long by half-a-kilometre-wide Gold Corridor on our property. This Corridor has a similar geological environment, as the Red Lake Mine Complex right next door – a mine complex which has already produced over 25 million ounces of gold.8
Our exploration team have made discoveries which extend the scale and confirm the continuity of this gold system along our Gold Corridor. Discoveries that remain open along strike and at depth for expansion.
At PureGold, responsible mining is not an oxymoron. It is both a duty and a commitment.
We are a principled and ethical company, trying our best to be good neighbours, fully committed to our people, our community, and the environment.
Yes, we are passionate about gold and discovery.
Yes, we are in pursuit of profit for our shareholders.
But these motivations run parallel with our duty and responsibility to our People, our Community (agreements with First Nations, strong sustainable economic benefits, and community development), and the Environment (meeting and/or exceeding modern environmental and engineering standards, protection of wildlife, lands, and waters, and progressive closure and reclamation of surface disturbances – including for mining sites conducted by previous operators).
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
3 Based on gold price of US$1,700/oz
5Based on public disclosure.
8Geological similarities to Evolution Red Lake Mine are not necessarily indicative of the mineralization at the PureGold Mine.