Pure Gold Mining has announced positive news from their Madsen gold complex in Ontario. They’ve intersected gold mineralization in a gap between their existing high grade 8 Zone and near surface Russet South resources, establishing a new target area for further exploration.
The Madsen Red Lake Mine is Canada’s highest grade development-stage gold project. Construction on the mine has commenced, drilling and exploration continue, but first production scheduled for late 2020. The orebody is situated within a six kilometre long gold system that is wide open for expansion at depth and along strike. This ore system, whilst referred to by the company as Austin, McVeigh, Russet South, Fork and Wedge Zones, is actually a single, semi-continuous coherent gold system.
Pure Gold gave some detail on finding this new zone in their recent statement (October 09). They said that the area, which had received little previous exploration attention, links the high grade 8 Zone (below 1000m depth) and the up-dip continuation at Russet South which outcrops over a broad area. Having a dip length of over 1500m and stretches for over 7km. At depth in the 8 Zone, this mafic-ultramafic contains some of the highest grades ever drilled at Madsen, including 466.0 g/t over 4.3 metres, 3,262.5 g/t over 0.6 metres and 342.4 g/t over 5.5 metres. The outcropping at Russet South also contains high grae gold, including 76.6 g/t over 2.1 metres and 39.1 over 2.9 metres
A new drill hole located at the midpoint between the two separated zones has intersected a 10m wide gold bearing zone – 2.2 g/t gold over 10.4 metres including 4.9 g/t gold over 2.1 metres. In the company’s words, this “establishes a vital mineralized pierce point into an expansive gap, highlighting the potential for a new gold corridor that stretches from the outcropping Russet South zones to the deeper high grade 8 Zone, and demonstrates the tremendous prospectivity of this setting.”
Darin Labrenz, President and CEO of Pure Gold commented on how the company is expanding the potential for their work at Madsen as they uncover new mineralization. “This latest drilling represents a sea change in exploration prospectivity, establishing the tremendous potential of a brand new mineralized corridor that is anchored by the high grade 8 Zone at depth and the outcropping Fork and Russet South zones at surface.”
For more information visit http://www.puregoldmining.ca/