Pure Gold - President and CEO, Darin Labrenz.
President and CEO, Darin Labrenz.
Source: Mining Journal.
  • Pure Gold Mining Inc. (PGM) has released a second-quarter update for its PureGold Mine in Ontario
  • Gold production increased by 46 per cent compared to the first quarter, with an average grade of 7.0 g/t gold
  • In the 8 Zone of the property, the company is nearing completion of its ramp-up activities ahead of schedule
  • Pure Gold Mining is a Canadian mining company engaged in the exploration and development of gold and other precious and base metal properties
  • Pure Gold Mining Inc. (PGM) is up 3.94 per cent, trading at $1.32 per share

Pure Gold Mining Inc. (PGM) has released a second-quarter update for its PureGold Mine in Ontario.

The company is conducting a drill program on the property and has drilled over 4,500 metres to date in over 70 holes. This drilling will guide production and exploration for the remainder of 2021.

In the second quarter, the company saw a 46 per cent increase in gold production compared to the first quarter, with an average grade of 7.0 g/t gold.

Darin Labrenz, president and CEO of PureGold, commented on the milestone second quarter results.

“As we continue opening up the mine and accelerating the development of our two key haulage ways,” he remarked, “we are seeing consistent quarter-over-quarter improvements in all key operating metrics.”

In the 8 Zone of the property, the company is nearing completion of its ramp-up activities ahead of schedule.

The ramp development rates achieved so far have improved access to high-grade ore in the near-term and present opportunities for future projects.

“With two active ramps now mining ore,” said Mr. Labrenz, “an additional dedicated crew to focus on Main Ramp development beginning in July, and nearly 30,000 tonnes of longhole stopes developed in front of us, we are entering the third quarter in our strongest position ever.”

“We expect this trend to continue as we continue to open up the mine and establish underground access to an increasing number of ore production areas,” he added.

Pure Gold Mining is a Canadian mining company engaged in the exploration and development of gold and other precious and base metal properties.

Its principal mineral property is the PureGold Red Lake Gold Project located near Red Lake, Ontario.

Pure Gold Mining Inc. (PGM) is up 3.94 per cent, trading at $1.32 per share as of 3:57 pm ET.

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