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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, 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

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

pure gold mining inc (L11A) Key Developments

Pure Gold Mining Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended Dec. 31, 2014

Pure Gold Mining Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended Dec. 31, 2014. For the quarter, the company reported loss and comprehensive loss of CAD 1,962,672 or CAD 0.02 per basic and diluted share compared to CAD 142,490 or CAD 0.02 per basic and diluted share a year ago. For the nine months, the company reported loss and comprehensive loss of CAD 5,220,952 or CAD 0.05 per basic and diluted share compared to CAD 329,957 or CAD 0.04 per basic and diluted share a year ago. 31, 2014 compared to CAD 0.1 million and CAD 0.4 million for the same periods in the prior year. The most significant contributors to the loss for the three and nine months were (i) exploration and evaluation expenditures of CAD 1.5 million and CAD 3.1 million, (ii) non-cash share-based compensation expense of CAD 0.1 million and CAD 0.8 million, (iii) wages, consulting and directors fees of CAD 0.2 million and CAD 0.6 million, (iv) investor relations and communication expenditures of CAD 48,576 and CAD 0.4 million, and (v) office and rent expenditures of CAD 0.1 million and CAD 0.2 million.

Pure Gold Mining Inc. Announces Madsen 2014 Drill Results

Pure Gold Mining Inc. announced final drill results from the 2014 exploration program at its 100% owned Madsen Gold Project in the prolific Red Lake gold district of northwest Ontario. The results are highlighted by an intercept of 7.0 g/t gold over 9.0 metres, including 26.6 g/t gold over 2.0 metres, occurring approximately 35 vertical metres below surface at the Austin Zone. This hole targeted near surface mineralization on the southern, up-dip extent of the Madsen mineral resource. Pure Gold completed a total of 6,895 metres from 26 exploration drill holes in 2014 and has been successful in discovering high-grade mineralization in the Fork Zone, McVeigh Ramp and Austin target areas. All drilling in 2014 was conducted utilizing oriented core to help identify structural and stratigraphic controls on mineralization.

Pure Gold Mining Inc. Presents at Vancouver Resource Investment Conference, Jan-19-2015 01:30 PM

Pure Gold Mining Inc. Presents at Vancouver Resource Investment Conference, Jan-19-2015 01:30 PM. Venue: Vancouver Convention Center, 1055 Canada place, Vancouver, British Columbia, Canada.


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