Developing Ontario’s Next Gold Mine
A definitive feasibility study (DFS) for the Madsen Gold Project in Red Lake, Ontario is expected in January 2019; to be followed closely by a decision on production1
In addition to the DFS, the Company is completing a first time Preliminary Economic Assessment (PEA) of the Russet South, Fork and Wedge satellite deposits1. This PEA of the satellite deposits will demonstrate project scalability potential at Madsen.2
An updated resource estimate for Madsen and three of its satellite deposits will be part of the planned January 2019 announcements1. Additional information may be found at www.puregoldmining.ca and at the upcoming Oxygen Capital breakfast presentation at the VRIC 2019, on January 21, 2018. Details, below.
1. See Pure Gold Mining Inc. Management’s Discussion & Analysis For the six month’s ended September 30, 2018
2. See News Release 18-13, Pure Gold Fully Funded to Rapidly Advance Madsen Through Feasibility Study and Permitting Updates, May 30, 2018
Including presentation by Pure Gold Mining President & CEO Darin Labrenz