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Last €0.08 EUR
Change Today +0.002 / 2.70%
Volume 0.0
L11A On Other Exchanges
As of 11:41 AM 08/4/15 All times are local (Market data is delayed by at least 15 minutes).

pure gold mining inc (L11A) Snapshot

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08/20/14 - €0.39
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pure gold mining inc (L11A) Details

Pure Gold Mining Inc., an exploration stage company, engages in the acquisition, exploration, and development of gold and other precious, and base metal properties in Canada. The company holds 100% interest in the Madsen Gold Project comprising 217 patented and 20 leased mining claims that covers an area of approximately 4,193 hectares located near Red Lake, Ontario. Pure Gold Mining Inc. is headquartered in Vancouver, Canada.

11 Employees
Last Reported Date: 06/4/15

pure gold mining inc (L11A) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$200.0K
Chief Financial Officer
Total Annual Compensation: C$85.0K
Total Annual Compensation: C$36.0K
Vice President of Exploration
Total Annual Compensation: C$176.3K
Compensation as of Fiscal Year 2015.

pure gold mining inc (L11A) Key Developments

Pure Gold Mining Inc. Announces Final Drill Results from the Russet South Winter Drill Program at its 100%-Owned Madsen Gold Project in the Prolific Red Lake Gold District

Pure Gold Mining Inc. announced final drill results from the Russet South winter drill program at the Company's 100%-owned Madsen Gold Project in the prolific Red Lake gold district. These final results are highlighted by hole PG15-045 which drill tested the Kappa Target and intersected multiple, discrete high-grade gold zones, including 35.2 g/t gold over 0.6 metres and 5.4 g/t gold over 8.0 metres, including 12.3 g/t gold over 2.9 metres. Mineralization at Russet South, located 1,400 metres west of the headframe, is comparable to the Madsen deposit and other recent high-grade discoveries in the Red Lake district, such as Goldcorp's HG Young, Cochenour, and High Grade Zone. Drilling in 2015 delineated near-surface high-grade gold mineralization within a 600 metre x 350 metre target horizon and remains open down-dip and along strike. Drill hole PG15-045 intersected multiple, discrete shallow zones of high- grade gold mineralization on the footwall of the main ultramafic unit within a setting that remains open down-dip and along strike, and broadly expands the potential host stratigraphy at Russet South.

Pure Gold Mining Inc. Reports Earnings Results for the Year Ended March 31, 2015

Pure Gold Mining Inc. reported earnings results for the year ended March 31, 2015. For the year, the company reported loss and comprehensive loss of CAD 7,154,500 or CAD 0.07 per basic and diluted share compared to CAD 1,098,112 or CAD 0.07 per basic and diluted share a year ago. The overall increase is a function of significantly increased activity within the company upon the acquisition of Madsen since March of 2014. Exploration and evaluation expenditures at March 31, 2015 increased to CAD 4.5 million from CAD 0.2 million in the prior year.

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.


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