Pure Gold Mining (PGM.V) has finally released the last results of its winter drill program at the Madsen gold project in Ontario, Canada. The drill results (which contain impressive intercepts such as 60 centimeters of 35 g/t gold and 2.9 meters of 12.3 g/t gold) seem to be confirming Pure Gold’s new geological model (which was the main reason why Pure Gold decided to consolidate the land package at and around the Madsen mine).
A summer exploration program has been initiated and Pure Gold will follow up on its winter drill results. This exploration program will mainly consist of trenching and stripping to generate new drill targets which will be drill-tested in the fall/winter of this year.
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Disclosure: The author holds no position in Pure Gold. Please see our disclaimer for current positions.
