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Last €0.14 EUR
Change Today -0.007 / -4.93%
Volume 0.0
L11A On Other Exchanges
Symbol
Exchange
Venture
OTC US
Berlin
As of 1:36 PM 06/3/15 All times are local (Market data is delayed by at least 15 minutes).

pure gold mining inc (L11A) Snapshot

Open
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Day High
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Day Low
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52 Week High
08/20/14 - €0.39
52 Week Low
05/27/15 - €0.13
Market Cap
17.0M
Average Volume 10 Days
2.0K
EPS TTM
--
Shares Outstanding
125.7M
EX-Date
--
P/E TM
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Dividend
--
Dividend Yield
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Current Stock Chart for PURE GOLD MINING INC (L11A)

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pure gold mining inc (L11A) Details

Pure Gold Mining Inc., an exploration stage company, is engaged in the acquisition, exploration, and development of gold and other precious metal, and base metal properties in Canada. The company’s principal mineral property is the Madsen Gold Project located near Red Lake, Ontario. It also has strategic alliance with Antofagasta Minerals S.A. for the exploration of copper in southern Quebec. The company was formerly known as Laurentian Goldfields Ltd. and changed its name to Pure Gold Mining Inc. in June 2014. Pure Gold Mining Inc. is headquartered in Vancouver, Canada.

16 Employees
Last Reported Date: 07/4/14

pure gold mining inc (L11A) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$170.0K
Controller
Total Annual Compensation: C$36.0K
Compensation as of Fiscal Year 2014.

pure gold mining inc (L11A) Key Developments

Pure Gold Hits More Near-Surface, High-Grade Gold At Madsen

Pure Gold Mining Inc. announced that new drill results have expanded the near-surface, high-grade gold zones recently identified near the Madsen mine. Drilling has been focused on two locations (Russet South and Fork Zone), both of which appear to be geologically related to important zones of mineralization at depth in the mine. Madsen hosts an operational head frame, a permitted mill and tailings facility, and access to power, water and labour. The Madsen Project has an Indicated Resource of 928,000 ounces gold at 8.93 g/t Au (in 3.24 million tonnes) and an Inferred Resource of 297,000 ounces gold at 11.74 g/t Au (in 0.79 million tonnes)1 and is situated in one of the most active exploration and mining camps in North America.

Pure Gold Mining Inc. Discovers High Grade Gold at the Beta Target at Russet South, Madsen Gold Project

Pure Gold Mining Inc. announced it has intersected high-grade gold mineralization from the Beta Target, a second geologic structure tested at its ongoing Russet South drilling program, located on the company’s 100%-owned Madsen Gold Project in the prolific Red Lake gold district of northwest Ontario. The drill results are highlighted by 39.1 g/t gold over 2.9 metres, including 52.4 g/t gold over 0.7 metres from hole PG15- 031 and 37.5 g/t gold over 1.7 metres, including 83.8 g/t gold over 0.7 metres, from hole PG15-032. Both drill intercepts occur approximately 10 to 35 metres below surface at Russet South. These reported holes targeted near-surface mineralization associated with a shear zone located south of the Alpha Target discovery. To date, approximately 1,755 metres of diamond drilling has been completed in ten drill holes at Russet South, testing multiple, parallel ‘D2’ shear zones identified during the 2014 exploration field program. The initial two drill holes, collared on the Alpha Target, discovered high-grade gold mineralization at the contact between one of these ‘D2’ shear zones and a re-folded mafic-ultramafic contact. Pure Gold has now drill-tested the Beta Target, a second, parallel shear zone, located approximately 200 metres south of the Alpha Target, and has intersected near-surface high-grade gold mineralization in holes PG15- 031 and PG15-032. Drill holes PG15-031 through PG15-033 targeted mineralization associated with the Beta Target, and all three holes intersected visible gold associated with a ‘D2’ shear striking parallel to, and south of, the ‘D2’ Alpha Target discovery. Drill Holes PG15-029 and PG15-030 were designed to test the Alpha Target shear northwest of the re-folded mafic-ultramafic contact, approximately 80 metres northwest of the high grade mineralization that was intersected in the initial two discovery holes. These holes successfully intersected the Alpha structure, and returned anomalous gold on the same structure. Pure Gold intends to follow up on the initial discovery with further delineation of the Alpha structure, and towards the mafic-ultramafic contact. The company is conducting an ongoing 5,000 metre winter drilling program, specifically designed to test prospective geologic structures in the Russet South and Fork Zone areas, with the goal of discovering new zones of near-surface, high-grade gold mineralization. Drilling at Russet South will continue to test the Alpha and Beta Targets and several other identified ‘D2’ geologic structures at Russet South. Over the past year the company has, in part, focused its exploration efforts at Russet South, which has included more detailed structural and alteration mapping, soil and rock geochemical sampling, and geologic modeling. This exploration program has further delineated a zone of intense shearing and quartz-carbonate-biotite alteration penetrating the hinge of a folded mafic-ultramafic contact, a geologic setting analogous to other high-grade deposits in the Red Lake gold district.

Pure Gold Mining Inc. Announces Initial Assay Results from Russet South Drilling Program on Madsen Gold Project in the Prolific Red Lake Gold District of Northwest Ontario

Pure Gold Mining Inc. announced initial assay results from the ongoing Russet South drilling program located on the company's 100%-owned Madsen Gold Project in the prolific Red Lake gold district of northwest Ontario. The company is conducting a 5,000 metre winter drilling program specifically designed to test prospective geologic structures in the Russet South and Fork Zone areas with the goal of discovering new zones of near-surface, high-grade gold mineralization. To date, approximately 1,000 metres of diamond drilling has been completed in eight drill holes at Russet South testing multiple, parallel `D2' shear zones identified during the 2014 exploration field program. The initial two drill holes were collared on the Alpha Target to test the intersection of one of these D2 shear zones with a re-folded mafic-ultramafic contact; a setting analogous to recent high- grade discoveries in the Red Lake gold district. Drilling with the existing rig will continue to test the Alpha Target and other identified D2 geologic structures at Russet South. Over the past year the company has, in part, focused its exploration efforts at Russet South which has included more detailed structural and alteration mapping, soil and rock geochemical sampling, and geologic modeling that have further delineated a zone of intense shearing and quartz-carbonate-biotite alteration penetrating the hinge of a folded mafic-ultramafic contact. The coincident anomalies are analogous to the high-grade 8 Zone discovered at depth in the early 1970's and highlight Russet South as a potential up-dip surface expression of the high-grade 8 Zone of the Madsen Mine. Management plans to have the second drill rig complete the Fork Zone portion of the program. The addition of a second rig will allow the company to continue work on the new discovery at Russet South while concurrently testing further the Fork Zone. For reference, of the 5,000 metre drill program, Pure Gold is planning to conduct approximately 1,000 metres of drilling at Fork Zone to continue to delineate the southern and depth extent of this high-grade gold structure identified during the 2014 drilling campaign. Drilling has traced the Fork Zone for over 300 metres of strike and it remains open for expansion. Recently reported results include 14.6 g/t gold over 1.8 metres, 6.8 g/t gold over 2.0 metres, and 17.2 g/t gold over 3.5 metres (drill holes PG14-006, PG14-009, and PG14-011, respectively). MMI soil sampling in late 2014 returned a significant gold-in-soil anomaly associated with the mineralized trend approximately 200 metres south of the 2014 drilling.

 

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