Pure Gold Mining Inc (TSX-V:PGM, LSE:PUR, OTC:LRTNF) CEO Mark O’Dea joined Proactive’s Stephen Gunnion with details of an updated Mineral Resource Estimate for the company’s PureGold Mine in Ontario’s Red Lake Gold District that incorporates new data and knowledge gleaned from the mine’s first 18 months of operations.
The new estimate, prepared by SRK Consulting (Canada) Inc, includes 1.65 million ounces of gold at 7.4 grams per tonne (g/t) in the Indicated Mineral Resource category, and 0.37 million ounces of gold at 6.3 g/t in the Inferred Mineral Resource category.
“One of the big conclusions that have come out of this new resource estimate is that we still have a multi-million ounce, high-grade ore body that’s very much intact,” he added. “It has in its geometry and certain variability here and there but it’s very much intact and it forms a solid foundation to actually build a real business.”